Students win $2 million in MSBM, NCB investment challenge
After making their final presentations to the judges, Oldane Graham secured the top prize of $500,000 in the graduate category while the team of Howard and Taylor, comprising of Chivanna Taylor and Tatiana Howard taking the postgraduate section and $1 million to be split equally.
Oldane Graham and the team of Howard and Taylor captured top prizes in the inaugural NCB Capital Markets sponsored Mona School of Business and Management (MSBM) Student Investment Challenge last Tuesday.
The competition was the MSBM’s effort to give postgraduate and undergraduate students practical experience to the theory taught in class.
This year’s staging saw six teams vie for the share of $2 million toward their tuition or if their fees are already paid, have those funds transferred to an investment account from which they could continue to earn additional interest.
The team of Howard and Taylor
After making their final presentations to the judges, Graham secured the top prize of $500,000 in the graduate category while the team of Howard and Taylor, comprising of Chivanna Taylor and Tatiana Howard taking the postgraduate section and $1 million to be split equally.
The second-place prize of $300,000 in the post-graduate section went to Zoom Tech with members Shackeem Clarke and Rosheen Pinnock. Team DSquared, comprising Danielle Chung and Deandra Reeves earned $200,000 for the best-written report.
MSBM Student Investment Challenge
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The competition saw the teams assessing and analysing the risk of investing in baking company Honey Bun. Apart from the monetary assistance given, NCB Capital Markets also helped the students by providing mentors to guide them through the process.
The students will also be given the opportunity to intern at the financial institution.
Janice Henlin, director of marketing at MSBM said the students were able to study the capital markets in a practical way, which will be useful when they enter the world of work.
MSBM facilitated the students, who got the opportunity to use the school as a Bloomberg financial lab, she said.
“At the end of this process, the students will have a rounded experience, more than just theory but real practice because part of what we want is to ensure that we have work-ready graduates, Henlin said.
CEO of NCB Capital Markets, Stephen Gooden said the sponsorship is the entity's effort of investing in the youth while giving them hands-on knowledge and experience.
NCB Capital Markets CEO Steven Gooden observes the presentations.
“Our sponsorship of this competition is an example of our commitment especially as it relates to the development of human capital. Our involvement represents our genuine interest in the youth and after all, research plays a big part in what we do daily,” he said.
Winners Howard and Taylor, as well as Graham, expressed delight at their victory, noting that it took hard work to prepare for the competition while studying for their examinations.
Howard, a final year accounting major and minor in economics and management studies said: "all of our hard work paid off. Fitting studying into the schedule of doing the report, it was very hectic but we managed and we are happy."
According to Graham, who holds a Degree in Computer Science and is now pursuing a Masters in Management Information Systems said participating in an investment competition, was not a challenge for him, as though his areas of studies were not aligned, he had previous knowledge of investments.
“When I saw the competition it was just the opportune time to use that skill. It was a bit dormant but coming into the competition, I got back a lot of the analogies, terms and so forth. We actually had an old starter kit to get going," he said.