Team from Indian Institute of Management wins £2,000 prize in 10th edition of highly respected global banking contest.
West London played host to finals of the 10th Global Investment Banking Valuation Olympiad on Friday 19th November. It was at the Greenford campus of GBS, the renowned higher education provider, that international teams gathered to pit their financial wits against each other.
This year saw the competition being won by the team from the Indian Institute of Management in Amritsar. This is the second year in a row that an Indian team has taken the prestigious prize.
The prestige of the competition is confirmed by the calibre of the entries, with previous winning teams coming from world class universities such as the University of Delhi, Frankfurt School of Finance and Management, University of Cambridge and the Polytechnic University of Milan.
Hundreds of business students from schools and universities from around the globe enter the competition – a tough three-stage contest that aims to prepare students for a financial services career.
In the first round of the competition, students’ theoretical knowledge was tested in an online assessment. In the next round, Students were asked to prepare an in-depth analysis of an existing company. They then needed to produce an investment rationale including valuations and financial projections. Finally, the top 10 qualifying teams were asked to present their pitches to a panel of expert judges.
Kanika Bhatia, leader of the winning team, said “The entire competition has been a learning curve for us, all the stages had their own level of excitement. Competing with the global teams gave us a once in a lifetime experience. We would like to thank the team behind the Olympiad for such a well-managed platform and competition.”
Speaking on behalf of the judging panel, Ari Erdenetsogt, Head of Finance at GBS, said “We have all been so impressed by the drive and commitment of all of this year’s teams – and the quality of their entries. Such great work has been done by all, and it has been so inspiring for us to see such team spirit combined with amazing technical knowledge. I am certain that all of our participants have a very bright future in financial services ahead of them.”
GBS would once again like to thanks all entrants, and congratulate the winning team:
Indian Institute of Management (Amritsar, India)
Kanika Bhatia (Team Leader)