York Society of Security Analysts (NYSSA) announced that for the second year in
a row, a team of students from Montclair State University’s School of Business has
won a coveted spot as one of the final four in this year’s New York Regional
Final of the CFA© Institute Research Challenge.
very pleased with the team making it to the final four,” said Department of
Economics and Finance Professor Richard Lord, who is the team’s faculty
advisor. “They worked very hard, and I knew they were well prepared.”
On February 8, 2013, team members Max Felderhoff, Vilma de
los Angeles Solano Jarquin, Khalil Abdulnour, Mario Brzyzek and Richard Jimenez
advanced to the next round by besting teams from schools such as Columbia
University and Rutgers University with their written report and presentation on
multinational software giant Microsoft Corporation.
Sponsored by the CFA Institute and locally hosted by the NYSSA,
the annual global educational initiative is designed to familiarize the next
generation of financial analysts with best practices in equity research through
hands-on training and mentoring. Noted industry professionals teach students
how to research and report on a publicly traded company.
The Montclair State team gave a ten-minute presentation of
their recommendations and findings to a panel of high-profile Wall Street
professionals. “They made an excellent pitch, recommending a strong buy on
Microsoft,” recalled Lord. “The fearful part is the questions from the judges –
you never know what they will ask. But the group’s responses were flawless.
After that presentation, I would have been more surprised if they had not made
The Monclair State team will face off against teams from
Fordham University, Pace University and Seton Hall University in the Final Four
Competition on March 4, 2013. The winner of that round will head to London to
compete against teams from around the world on April 12, 2013.
Department of Economics and Finance Professor Hermann
Sintim-Aboagye is the faculty advisor to the MSU Chapter of the
NYSSA, acting as liaison on NYSSA-MSU related matters, including the
development of the MSU CFA Challenge team. Industry mentor Rick
Seto of investment adviser firm Flaherty & Crumrine is reviewing
critiquing the students' work.
Expectations are running high that this year’s team will make it to the world finals. “We’re definitely hoping for the best this year,” said Lord.