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MBA student team wins silver in PwC competition

26 Aug 2016

MBA PwC CompA team of the Business School’s MBA students have been invited to collaborate with the PricewaterhouseCoopers innovation team, following their silver medal win in the PwC Case for Change Challenge.

The PwC Case for Change Challenge is a consulting competition which requires teams to solve real-life problems facing an organisation.

This year’s challenge saw teams pitch a solution to Teach for Australia’s (TFA) need to diversify their revenue stream, requiring a sustainable and scalable way to raise $1m profit per year. TFA is a program designed to attract high achieving graduates and young professionals to teach at government high schools in disadvantaged communities.

“There was no second prize, so this is a genuine opportunity based on the strength of our pitch,” said team member Pete Lead. “Having the client get behind our idea and invite us to keep working on it is an amazing outcome.”

The Business School’s MBA team of Matthew Ting, Liana Porihis, Myrophora Koureas, Pete Lead, and Lee Murray, known as the Sydney Sixers, was one of six finalists selected from an initial 44 teams.

“These events give students an opportunity to apply the skills and knowledge gained in their studies in a competitive, real world setting,” said Director of the MBA, Professor Guy Ford. “The client is real and the problem is often one that the consultants themselves have grappled with.”

“I was very pleased with the performance of our team. They presented a solution that was very much outside-the-box and very different to the other finalists,” added Professor Ford.

“Although we apply our knowledge and skills to our workplaces, this experience allowed us to meet a ‘client’, discover consulting and get noticed by a top tier consulting firm,” said Ms Koureas.

The challenge offers participants insights into the world of consulting, including primary research and client interviews, with the winning team being offered dinner with PwC.

“It's an amazing confidence booster, making us realise that we have what it takes to create and pitch innovative solutions to real clients in a consulting environment,” said Mr Ting.

In 2014, The University of Sydney team led by Thommy Arena came first in the competition. Mr Arena assisted in coaching this year’s team to their success.

“We're confident we have a great concept that would really benefit Teach for Australia and their network of associates. I hope that working with the PwC innovation team will further validate and refine the concept, so that it can be implemented,” concluded Mr Ting.