Industry Ready students win prestigious UBS Investment Banking Challenge
03 Jun 2014
Left to Right: Luke McAlpin, Daniel Schimek, Laurence Baudert
The Business School will boost its involvement in national and international competitions that expose students to the rigors of the "real world" commercial environment.
Associate Dean, Dr Nigel Finch, made the commitment following the Business School's first time win in the prestigious Investment Banking Challenge sponsored by the Australian branch of the Swiss based financial services firm UBS.
"We believe strongly in teaching that is relevant to the real world and to ensuring that our graduates are industry ready," said Dr Finch. "Success in competitions like this one highlights our links with business and the ability of our students to manage applied projects."
The team of four Business School undergraduates defeated teams from universities across the country to win the UBS Challenge. The University of New South Wales took out second place followed by the University of Queensland in third.
The annual competition is based on a real project undertaken by UBS for a client at some point in the past. This year students were asked to advise the Commonwealth Property Office Fund during its acquisition by the DEXUS-CPPIB Consortium.
Competing teams were required to present their "advice" to a UBS panel of judges. Members of the Business School team were Laurence Baudert, Daniel Schimek, Alice Joe and Luke McAlpin.
Professor Marc Jones of the School's Business Programs Unit, who coached the team ahead of its final pitch, said he was thrilled with the result. "This was an excellent outcome which I hope to see repeated in many more competitions."
Congratulating the winning team, Dr Finch said that participation in domestic and international competitions that sharpened the business skills of students "was fully supported" by the Business School.