Indian team wins prestigious £1,000 prize in global contest; annual competition is the ultimate test of skills
Higher education provider Global Banking School (GBS) hosted on Friday, 13 November the final of its 9th Global Investment Banking Valuation Olympiad, an event that attracted hundreds of business students from around the world to compete in a gruelling three-stage contest for a coveted £1,000 prize.
The Olympiad aims to prepare students for a career in the financial services industry. In previous years, the competition was won by teams from prestigious universities such as the University of Cambridge, the Frankfurt School of Finance & Management, and the Polytechnic University of Milan.
This year’s competition was won by a team from St. Stephen’s College, University of Delhi – the first time a team from India has picked up the prize.
The first stage of the competition tested students’ theoretical knowledge in the form of an online assessment. For the second stage, teams were provided with a recent Mergers & Acquisitions (M&A) case study, where they were required to produce an investment rationale including valuations and financial projections. Finally, the top 10 qualifying teams were asked to present their pitches for the panel of judges.
This year, due to the current global pandemic, final pitches were conducted online. GBS’s judging panel hosted the event live from its Republic campus in London, overlooking Canary Wharf.
Speaking at this year’s event, Dr Vishwajeet Rana, GBS’s Chairman of the Executive Board, said: “I would like to thank my colleagues who even during a time of lockdown managed to make this event such a success. As you know, many events this year have been cancelled, so this is a testament to their hard work and perseverance.”
“A great amount of credit also goes to the participants. We as an educational institution are mindful of how hard it has been for you as students to manage your studies during this time. I was very impressed with how well all the different teams collaborated and with their level of knowledge. You have all done great work, and from what I’ve seen today I would say that all of you are now ready to pursue a career in the financial services sector.”
Poorvi Gupta, the St. Stephen’s College team leader, said: “I think we all agree that this entire process was really wholesome and, at the same time, multidimensional. It made sure from the very beginning that we understood the concepts of finance and only then did the judges ask us to make the valuation models. So I think the way the competition is structured is really good. Overall, it was an absolutely great learning experience.”
GBS would once again like to congratulate the winning team:
St. Stephen’s College, University of Delhi (New Delhi, India)
Poorvi Gupta (team leader)
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