The team of 4 undergraduates from UNLV’s Lee Business School (“LBS”) won the Americas regional CFA Institute Research Challenge (“CFA IRC”) in Toronto, Canada.
UNLV advances to the Global Final in London England on April 12th, where the LBS team will face teams from Fordham University (the New York regional winner), India’s Narsee Monjee Institute of Management Studies (the Asia Pacific regional winner) and the winner of the Europe, the Middle East and Africa (“EMEA”) region.
The UNLV team comprised Sean Skinner (captain), Elias Shliyan, Warren Stender and Jeffery Zemp. Sean, Elias and Jeffrey are finance majors graduating in May 2013. Warren, a management major, graduated in December 2012.
CFA Society Nevada members coached the UNLV students: Faculty Adviser Dr. Jagdish Mehta, Ph.D., CFA, CFP, Visiting Associate Professor at UNLV, Past President and Board Member of the Society, and Industry Adviser Dominic Rodrigues, CFA, Chief Investment Officer of Las Vegas-based wealth management firm Integress Financial, Society Vice President and Board Member.
In the Americas’ first round of 45 teams, UNLV beat ITESM – Ciudad de Mexico, Mount Royal University, University of Cincinnati, University of Georgia, and University of Florida.
In the “Sweet Sixteen” second round the LBS team beat Brandeis University, Creighton University and University of Pittsburgh.
The “Final Four” third round comprised Colorado State University, University of Hawaii - Manoa, UNLV and Virginia Commonwealth University. A strong presentation followed by an even stronger Q&A session with competition judges secured the win for UNLV.
This is the first appearance for LBS students in the Global Finals. Jag and Dominic were faculty and industry advisers, respectively, of the 2011-2012 UNLV team that reached the Americas regional semi-finals.
The CFA IRC is an annual global competition where business undergraduate and MBA students develop and prepare sell-side styled equity research reports on public companies, and present their buy, hold or sell recommendations along with analysis and rationale. Students are strenuously tested on their analytic, valuation, report writing and presentation skills, and gain real-world experience as they assume the role of a research analyst. Guided by faculty advisers and mentored by industry advisers, students may spend hundreds hours on this work by the end of the competition. More than 3,000 students from over 650 universities in 55 countries and territories participated in the 2011-2012 CFA IRC.