November 2, 2010

Fisher team takes first place in 2010 Biz Quiz

The Michigan versus Ohio rivalry played out three weeks early in the final round of 2010 Biz Quiz with Ohio State’s Fisher team finishing victorious over University of Michigan and Michigan State University on Sunday, Nov. 6.

Brenna Brown, Daniel Kane and Adam Windnagel gave Fisher its first win in the fifth-annual Nationwide-Fisher Biz Quiz. The team was coached by Bernadette Minton, associate professor of finance.

“The best part of winning for me was bringing a victory to Fisher that no other Fisher team had done before,” Brown said. “This was not only a way for me to contribute something to Fisher, but it was a way for me to gain knowledge on new and important business topics.”

This year’s competition, which attracted 18 universities from every corner of the nation, tested students’ knowledge of critical business news in a fast-paced game show format. Competing undergraduate teams were quizzed on articles that appeared in The Wall Street Journal over a six-week time period. Borrowing from the quiz show format of “Jeopardy,” teams sound a buzzer to answer questions.

“They were a dedicated team and worked very hard,” said coach Minton. “They took the competition very seriously studying 10 to 13 hours a week on their own and then we’d meet once a week for 1 ½ to 2 hours to go over Wall Street Journal stories and practice questions.”

“Our willingness to put in the time definitely paid off in the end,” said Brown, a senior majoring in marketing.

The final round was held at Nationwide in Jeffers Auditorium. “I think that the most exciting part of the weekend was competing in Nationwide’s corporate headquarters,” said Kane. “Being in the corporate environment really added to the pressure we already felt, but it also made the event unique.”

The teammates said the competition was a great learning experience. “As a sophomore, I have very little formal finance education,” said Windnagel. “Participating in this competition was a great opportunity that not only exposed me to new terms and a framework of concepts, but it also enhanced my understanding of financial markets by allowing me to personally identify trends and functions of different markets throughout the six week period.”

Team winners in the written competition were first-place Michigan State; second-place University of Michigan and third Emory University. Individual awards in the written competition went to Matthew Kromer, University of North Carolina, who took first-place; second-place winner was Josh Burkett of Texas A&M; and University of Michigan’s Alex King placed third.

“Despite the competitive nature of the event, it was fun to witness the camaraderie among the students from the other schools,” Kane said. “Between rounds students discussed future employment opportunities and joked about the difficulties of finding a job.”