As we near the end of the week, it’s time to take another look at MBA student newspapers in a new edition of Campus Chronicles! This week we read up on the latest happenings at University of Michigan’s Ross School of Business through The Monroe Street Journal.
With the objective of bringing students together to investigate alternative investments, the Alternative Investments Club (AIC) is in the midst of running the annual AIC Private Equity Competition. This event allows students to compete for a cash prize of $200 while gaining greater insight into various aspects of private equity, including leveraged buyouts or LBO modeling, through a guest speaker series and workshops. During the competition, students work in groups of four, with each group given at least $300mm of equity in order to execute a leveraged buyout of a publicly traded domestic company. Each group must draft an executive summary detailing why they chose a particular company as the best investment. At the end of March, the groups moving on to the final round will be announced. In this round, each team presents for thirty minutes on their investment rationale, and then a Q&A session follows. The AIC Competition thus gives Ross students yet another opportunity to apply their classroom knowledge to a real-world competition.
The Monroe Street Journal also celebrates the success of the Blue Door Art Auction, which was sponsored by the Wolverine Wine Club and the SGA and showcased the talent of Ross students and partners. MBA students served as auctioneers, overseeing the bidding over the artistic pieces. Most of the pieces were created by MBA students and included photographs, paintings, and sketches. Four MBA students even submitted pieces that they had picked up while on Ross MTreks to Morocco, Costa Rica, South Africa, and Turks and Caicos. The auction raised almost $2,500 – proceeds which support the Ann Arbor Art Makers programs for at-risk youth. The event not only recognized MBA students’ artistic talent but also allowed students to donate to a great cause.
Stay tuned next week for another edition of Campus Chronicles!
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