Students win AMP University Challenge

A team of students from La Trobe University has taken out first prize in the 2012 AMP University Challenge. The AMP University Challenge is a national financial planning competition open to all Australian university students with the aim to increase awareness of the financial planning profession amongst universities and students. 

Students accept their prize.This is the second year that the competition has been run and the second year in a row that a team from La Trobe University has won the national competition.  Three other teams from La Trobe University also participated in the finals competition and were placed second, third and fourth respectively. 

The winning team of Nathan Nicolaou and Andrew Cavaggion, both completing a Bachelor of Business degree, beat 112 other entrants in 57 teams to take the top prize at the Finals Day presentation held at the AMP offices in Sydney.  

The winning teams were awarded their prizes by AMP Financial Services Managing Director Craig Meller and AMP Horizons Director Tim Steele at an AMP reception. The winning team received a cash prize of $5,000 along with registration to attend the AMP Planner Conference in Brisbane and a two-day internship with the Financial Review.  La Trobe University will also receive a $10,000 grant to help support teaching initiatives in financial planning. 

The AMP University Challenge required students to prepare a scoped advice discussion paper in response to a hypothetical client case study. The top five submissions selected from the various Australian universities were then invited to compete in a Finals Day competition in Sydney where teams were tested on a range of areas including their ability to apply technical knowledge and on their presentation and communication skills in front of a panel of key industry representatives. 

All of the teams that participated in the finals competition thoroughly enjoyed the experience and appreciated the opportunity to learn from and network with key industry participants and other university students.   

‘The AMP University Challenge represents an unique opportunity for students to be able to apply their knowledge and skills in a real-life learning environment ‘ said Marc Olynyk, a senior lecturer in Financial Planning at La Trobe University.

‘We place considerable emphasis in our financial planning capstone subject in developing not only the technical knowledge of the students but also their ability to apply their knowledge and skills in solving real-life client situations.’ 

‘The AMP University Challenge has taught me a lot about where financial planning is headed and how it is evolving’ said winning team member Nathan Nicolaou.   

‘You get a real sense that the changes taking place are leading to a shift from financial planners being seen as service providers to becoming a fully recognised and embraced profession.  It’s an exciting time to be involved.’ 

Further information on the AMP University Challenge is available on the website: www.universitychallenge.com.au

ENDS

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