CFA Global Investment Research Challenge
La Trobe University finance students have set their sights on the Asian final of the CFA Global Investment Research Challenge after winning the Australian round of this prestigious contest last week.
The five-member La Trobe team took out the Australian final from Monash, Adelaide and RMIT universities after an earlier elimination round which also included the University of Melbourne, Swinburne and Deakin.
They now go on to represent Australia in Bali next February at the Asian finals. If successful, they will compete in the CFA Global Investment Research Challenge Final, to be held in the US in April.
The Challenge is designed to promote best practices in equity research and company analysis, as students research, analyse, and report on a company as if they are practicing analysts. University teams of up to five students are required to analyse and value a publicly listed company and report their valuation and recommendation both in the form of a written stock report and as a verbal presentation and defence of the argument and recommendation to a panel of leading investment industry professionals.
In the 2010 Challenge over 2,000 students from more than 425 of the top university business and finance programs worldwide were involved.
La Trobe senior lecturer in Finance, Greg Jamieson, said given the many negative stories in the media recently about Australia’s international student sector, it was very pleasing the winning Australian team was made up of international students from four different countries.
The successful La Trobe team was comprised Mr Hani Koshaji (from Syria), Mr Byoung-Jin Kang (Korea), Mr Tong Wang (China), Ms Thi Kim Chau Hua (Vietnam), Ms Nguyen Ngoc Anh Le (Vietnam). Two of the students are completing their third year of the Bachelor of Finance program and three are completing the Master of Financial Analysis program at La Trobe.
‘Here’s a group of international students who through this Challenge have achieved success in Australia, an applied education in valuation, and friendships for life. Their success is due to the considerable thought and effort they invested in the Challenge,’ Greg Jamieson said.
Ms Thi Kim Chau Hua, one of the members of the successful La Trobe team, said: ‘The Challenge has brought to me so many valuable experiences and I learnt to apply the theories of many subjects in practice. This is the best way to learn as it requires broad knowledge on aspects such as marketing, management, macro and micro economics and also a deep knowledge of financial analysis and valuation.’
For Mr Byoung-Jin Kang, it was an opportunity to develop team works skills and friendships. ‘Participating in the Challenge was the most exciting and valuable decision I have ever made. It not only equipped me with practical experience, but also teamwork and leadership skills which you cannot easily gain elsewhere. This Challenge was not just about winning, rather it was a learning process. It offered the chance to learn from market experts as well as from team members.’
Congratulating the team on their win, Acting Dean of Law and Management, Professor Carol Adams, said the University was extremely proud of their achievement. ‘It’s great news for the Faculty, and clear evidence that our teaching is making an impact on students from around the world.’
The CFA Global Investment Research Challenge is run by CFA Institute, which has more than 100,000 members in 130 countries. More than 200,000 students sit for its CFA Charter exams each year.
• For more information, please contact Mr Jamieson on 9479 1514