Georgetown MBA Students Compete in CNBC’s Million Dollar Challenge
As trading officially began on Sept. 19 in CNBC’s “Million Dollar Portfolio Challenge,” students from Georgetown’s McDonough School of Business and seven other business schools embarked on the network’s “MBA Face-Off.” Teams of 10 students from each school are competing against each other in managing a $1-million “CNBC Bucks” stock & currency portfolio.
Each of the registered students in the “MBA Face-Off” uses their virtual million dollars to fictionally trade stocks and exchange traded funds on the New York Stock Exchange, NASDAQ Marketplace, American Stock Exchange, London Stock Exchange, and Australia Securities Exchange as well as currencies in real-time.
In addition to Georgetown, the other schools competing include Carnegie Mellon, Cornell, Ohio State, University of Chicago, University of Michigan, University of Notre Dame, and University of Texas Austin.
Georgetown’s student team members are Full-time MBA Program students Sean Baker, Samantha Chow, Osman C. Jen, Christina Oh, Matthew R. Stoeckle, Sean Sun, and Ingrid Velmonte, and MBA Evening Program students Temi Akinola, Angel Irazola, and Adam Kelinsky.
Profiles of participating students as well as their respective blogs about their trading strategies are available at milliondollar.cnbc.com. Once a week, a team from one of the participating schools will appear on CNBC to discuss their performance and how they plan to win.
Trading officially ends on Friday, Nov. 18, at 4 p.m. ET. The team with the highest average portfolio balance at the end of the “MBA Face-Off” will claim bragging rights and each team member will win an iPad 2.
Students who are eligible also may compete in the “Million Dollar Portfolio Challenge” for the chance to win the grand prize of $1 million. Complete rules can be found at http://milliondollar.cnbc.com.
Follow the “Million Dollar Portfolio Challenge” and the “MBA Face-Off” on both Twitter at @cnbcMDPC (hashtags: #MBAFaceOff; #Ifihadamilliondollars; #portfoliochallenge) and Facebook at http://facebook.com/cnbcmilliondollarportfoliochallenge.