An annual competition run each year for business students, hosted at the Bow Road, London-based, Global Banking School (GBS), has seen a German University claim top prize.
Richard Bingley, Managing Director of GBS, said:
“This year’s final saw ten teams from around the world visit our London campus and provide detailed presentations about how companies can be valued on the financial markets for investors. Teams flew in from Warsaw, Mumbai, Raipur, Frankfurt, Kuala Lumpur and other global financial centres.
Every year over 5,000 student-candidates participate in the ‘Global Investment Banking Valuation Olympiad’. Student teams are filtered down after completing preliminary online tests and a second stage of presentations.
The final stage of group presentations was held at GBS’s campus in Bow, London, last Friday, in front of a panel of four senior academics and investment managers. The winning team received a cash prize of £1,000.
The winning team were led by Master’s Degree student, Christoph Willecke, at Germany’s Otto-Friedrich University in Bamberg. Mr. Willecke said:
“In my opinion it was a very tough and even close competition. For us, it was a pleasure to meet other high-educated finance students from all over the world. At the end, it was more about learning instead of winning.”
Mr. Bingley, GBS MD added: “The level of expertise demonstrated by each team of students was exemplary. GBS’s main focus is to bring the world of business into the classroom. What these groups of students achieved will stand them in good stead for major executive roles in the not-too-distant future.”
Registration for the 2019 Valuation Olympiad will open in June 2019.