Kellogg Students take First Place at MBA Stock Pitch Competition
11/1/2005 - The Kellogg School of Management took first place at Cornell University's third annual MBA Stock Pitch Competition. The Kellogg School was represented by three first-year students, Lance Garrison, Steven Kalter and Rahul Seshan, who traveled to Cornell's Ithaca campus to compete against their peers from nine other business schools. The competition puts the students in a situation that simulates the Wall Street decision-making process.
In a competition that lasted about 13 hours, the teams had to prepare recommendations on three stocks. In the first round, the students had five minutes to make their buy, sell or short recommendation on one stock to a panel of judges, which was made up of analysts and money managers.
After two rounds of competition, four teams (the Kellogg School, Duke University, University of Michigan and the University of Rochester) were chosen to compete in the last round. The Kellogg School's Rahul Seshan made the final stock presentation on Cabot Oil & Gas, which helped clinch the victory for Kellogg.
“It was a great experience presenting to the judges and defending our thesis, and of course, working together,” said team member Steven Kalter.
The team walked away with $3,000 in prize money.
In addition to the Kellogg team, MBA students from the following universities participated in the competition: Carnegie Mellon University (Tepper), the University of Chicago Graduate School of Business, Cornell University (Johnson), Duke University, the University of Michigan (Ross), New York University (Stern), University of Rochester (Simon) and the University of Virginia (Darden).