A team of MBA students from Georgetown's McDonough School of Business placed fourth overall in the CNBC "Million Dollar Portfolio Challenge MBA Face-Off." Additionally, team member and MBA Evening Program student Angel Irazola earned individual honors for his portfolio.
Georgetown's MBAs competed against seven other business schools in the invitation-only contest by managing a $1 million "CNBC Bucks" stock and currency portfolio. Each team member used their virtual million dollars to fictionally trade stocks and exchange traded funds on the New York Stock Exchange, NADSAQ Marketplace, American Stock Exchange, London Stock Exchange, and Australia Securities Exchange, as well as currencies in real time.
At the end of two months of trading, Georgetown McDonough's portfolio was worth $1,050,377. The winning team - Chicago Booth - finished with a portfolio worth just over $1.2 million. Other schools in the competition included Carnegie Mellon, Cornell, Ohio State, University of Michigan, University of Notre Dame, and University of Texas Austin.
Irazola's individual portfolio was second in the Top Individual Currencies Only category, with a value of $118,877; second in the Top Individual Overall category, with a value of $1,296,036; and third overall in the Top Individual Equities Only category, with a value of $1,177,158.
In addition to Irazola, Georgetown’s team members were 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 and Adam Kelinsky.