Management students named finalists in Research Challenge
A team of UTSC management students will compete in the CFA Institute Research Challenge on Thursday, after being named one of four finalist teams from Ontario in the international competition.
“I’m really proud of this team. They did a very good job, and prepared an excellent report,” says Derek Chau, senior lecturer in the department of management, who is academic advisor to the team.
The CFA Institute is a global association of investment professionals. In the annual competition, teams of university students compete in analysis of a particular business, in this case a private equity and asset management company, Onex Corporation.
The UTSC team consists of team leader Lucky (Yan) Ma, Michael (Ka Ho) Li, Zilu Lylliana Liang, Christine Xiaoyu Yan, and Joram Leung. They were named finalists based on a paper report, which they worked on over Christmas break. The other finalist teams were from York University, University of Waterloo and Wilfrid Laurier University.
On Thursday the four teams will compete against one another at the BMO Client Centre in Toronto in a live presentations of the report. The UTSC team spent reading week preparing for the presentation, Ma says.
The competition is intended to give students real-world experience in analyzing the fundamentals of a business. The students had to research company records and interview company officers, and also worked with a professional, Sean Cheah from CPP Investment Board.
“I think a lot of us are really interested in a finance career. This competition gave us a taste of real life. I think a lot of us have really enjoyed it and learned so much from it,” says Ma.
If the team wins on Thursday it will advance to the regional North American competition in New York City on April 10. The winners of the regionals will go on to the global final the next day.Article categories:
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