NEW YORK--(BUSINESS WIRE)--With tension building during the Q&A portion of the New York Society of Security Analysts (NYSSA) Global Investment Research Challenge®, Rutgers Business School MBA student Anil Bhatia stepped forward to respond to a sharp question about regulation in the energy services sector, “We are confident in our analysis because we talked with the regulator,” he said. “You spoke to the regulator?” asked Steve Balog, Chief Investment Officer, Beacon Trust Company, and one of the six judges. “I’m impressed.”
It was this kind of field research that distinguished the team of five Rutgers Business School (RBS) students to win the New York Regional Final of the 9th annual NYSSA Global Investment Research Challenge sponsored by the CFA Institute and hosted by NYSSA at its Times Square headquarters in Manhattan.
RBS outperformed 15 other business schools in the tri-state area, including Yale, NYU, Fordham and Baruch. The Rutgers team will go to Omaha, Nebraska on April 8 to compete in the global final of the Investment Research Challenge and a $10,000 prize. In total, 425 schools from around the world entered the competition.
“It feels great to work with such a strong team and be rewarded for our efforts,” said Dmitry Malinsky, a second year MBA student. “We easily put in over 100 hours of work into this and were in constant communication with one another,” added Bhatia, a first year MBA student. "We learned a ton."
RBS won $5,000 in scholarship money and will get to ring the closing bell on either the New York Stock Exchange or NASDAQ.
“This has been a once in a lifetime real-world experience,” said Joshua Cohen, a junior in New Brunswick. “This is what I want to do in my career,” added Malinsky. “Getting this kind of experience and learning is why I came to Rutgers.”
Faculty advisor John Longo, clinical associate professor, finance and economics at RBS and professional mentor Allan Campbell, senior vice president at Daiwa Asset Management, provided guidance and advice to the team.
“Professor Longo and Mr. Campbell were phenomenal. They brought so much experience and wisdom to our team. We felt completely prepared,” said Cohen, who is planning to start a hedge fund after graduation.
The final four presenting schools, RBS, Fordham, Seton Hall and Pace, were asked to present to a panel of Wall Street experts their analysis of a publicly traded company and make a recommendation on whether to buy or sell the company’s stock.
“This team really embraced getting first-hand research about the company in question,” said Longo. “They performed extremely well in front of the judges. I am looking forward to Omaha to see what they can accomplish.”
The RBS team members consisted of a mix of undergrad and MBA students from Newark and New Brunswick: Andre Mendoza, a senior in Newark, Russell Miller, a senior in New Brunswick, in addition to Bhatia (MBA 2012), Malinsky (MBA 2011), and Cohen (junior, New Brunswick).
Participating Universities in New York Regional Final included:
- Zicklin School of Business, Baruch College
- School of Management, Binghamton University
- Dolan School of Business, Fairfield University
- School of Business, Fordham University
- Frank G. Zarb School of Business, Hofstra University
- Hagan School of Business, Iona College
- School of Management, New Jersey Institute of Technology
- Stern School of Business, New York University
- Lubin Business School, Pace University
- Quinnipiac University
- Rutgers Business School, Rutgers University
- Stillman Business School, Seton Hall University
- Tobin College of Business, St. John’s University
- College of Business, Stony Brook University
- University at Albany, State University of New York
- Yale School of Management, Yale University
Rutgers Business School is committed to providing students real-world experiences to prepare them for their careers.
Rutgers Business School-Newark and New Brunswick is an integral part of one of the nation's oldest, largest, and most distinguished institutions of higher learning: Rutgers, The State University of New Jersey. Today, Rutgers Business School is educating more than 4,500 undergraduate and graduate students at two main campuses in New Jersey as well as five satellite locations in Jersey City, Morristown, Beijing and Shanghai. Rutgers Business School’s MBA program is ranked #17 nationwide for the employment rate of its graduates three months after graduation by U.S. News & World Report. Full-time MBA, including the option of a One-Year MBA track, and part-time MBA programs give excellent options for people looking to gain real-world, relevant skills needed in today’s job market.
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