Team Carlson School earned $10,000 for winning the grand prize of the John Molson MBA International Case Competition held earlier this month. The team was one of 36 groups invited to compete in Montreal and were among three teams to advance to the final round.
MBA students Ian Williamson, Timothy Byrne, Sam BeVier, Katie Williams, and Associate Director of the Graduate Business Career Center Stephen Glomb prepared for months for the grueling competition. When severe weather grounded Williams in Chicago, alternate Johannes Effenberger from Munster University competed in her place.
"We were quite impressed by the professionalism of all the teams and humbled by our good fortune," says Williamson. "This being our school's first time participating, we didn't know what to expect. But, this experience was so valuable we hope Carlson becomes a regular participating school in the coming years."
The John Molson MBA International Case Competition is the largest of its kind in the world. The week-long tournament challenged students to address five real-world business cases in only three hours each. Finalists then reviewed two additional cases. Competitors prepared arguments, solutions, and plans to address the cases, without access to the Internet. Senior business executives judged the teams' solutions based on creativity, insights, substance, and plausibility of implementation.
Carlson Team Bests 250 Entries to Reach Finals in Vancouver
In similar fashion, a Carlson School MBA team was one of two groups selected to compete for the grand prize in the National Investment Banking Competition. Matt Born, Robert Tinkham, Andrew Tsai, Dave Unhjem, and Nicolas Horns took second place among more than 250 entries from students representing 43 universities across the globe.
The NIBC provides students an opportunity to experience life as a financial analyst or associate. This year, the competitors developed corporate finance analysis, performed financial modeling, and pitched their findings to an esteemed panel of judges. Held in Vancouver, the competition culminated in a live pitch to the managing directors of leading North American investment banks.
"Our team enjoyed the entire experience, from building a complete DCF model in the first round, to structuring and pitching an M&A transaction in the final round," says Born. "We were very fortunate that our team consisted of some great individuals, and we managed to defeat some very strong teams from North America and Asia."
Along with cash prizes for the winners, the case competitions were ideal venues for the students to connect with peers and executives in their fields.