Undergraduate Students Win First Place in Quiz Bowl at Financial Management Conference

March 23, 2009

Students Lauren Migliori, Andrew Madorsky, and Patrick Go

A team of undergraduate students in Georgetown University's McDonough School of Business placed first in the Quiz Bowl among 35 schools represented at the Financial Management Association's (FMA) Student Leaders' Conference in New York, March 5-6, 2009. The Georgetown team comprised juniors Andrew Madorsky and Lauren Migliori and sophomore Patrick Go

The Quiz Bowl tested students' knowledge of financial theory, problem-solving, and current financial events. The preliminary round of the competition consisted of a written test of concepts and problems in finance. Georgetown's team scored highest in this preliminary round. The top four teams competed in a Jeopardy-style competition.

Questions, with varying point values, covered various topics in finance in categories such as financial institutions in distress, acronyms, Buffet quotes, option plays, and financial felons.

Team member Madorsky said, "The Quiz Bowl competition called upon our fundamental understanding of financial concepts in the preliminary round and our awareness of the financial markets in the Jeopardy-style final round. We were able to apply knowledge from our financial coursework to advance to the final round, where quick-thinking helped us prevail."

"Participating in the Quiz Bowl was a fantastic experience for our team," said Migliori. "We were able to combine our quantitative financial skill with our understanding of the current economic environment and historical factual knowledge to succeed."

"The final round was definitely the most exciting part of the competition, as we had to become more aggressive in our buzzing-in after we fell behind early in the round," noted Madorsky.

Migliori added, "While at the beginning of the final round, we all found it difficult to determine a strategy to answer the questions more quickly and accurately than our competitors, by the end of the round we were able to effectively work together and utilize our individual strengths."

Go remarked, "The Quiz Bowl was definitely a great experience to put everything my teammates and I had learned in our finance classes in a competitive yet fun setting. We got a few wrong answers in the beginning, but we kept our composure and were able to rally and end with a strong finish."

The Student Leaders' Conference is an annual gathering for students from FMA chapters across the country. Professor Lynn Doran, faculty advisor of Georgetown's FMA Attendees at the event heard presentations about the current economic conditions and various careers in the financial industry. They also joined in break-out sessions to interact with and learn about activities in other FMA chapters.

Doran said, "The conference enabled our students to learn about both the successes and the problems of FMA chapters at other schools. This will enable our students to be more effective officers of our FMA chapter."