School of Business & Economics
Laurier undergrads take second in Dalhousie Credit Risk Case Competition
Kim Takeuchi, Director Marketing and Communication
WATERLOO —Undergraduate students from Laurier’s School of Business & Economics placed second in the recent 2008 Dalhousie Credit Risk Case Competition. Laurier, renowned for its finance education, provides undergraduate students with the equivalent of a year’s training in the financial sector through its co-op program.
Cited by a Professional Risk Managers’ International Association (PRMIA) poll of risk managers as one of the most critical areas in today’s financial sector, the focus on credit risk is not given the attention or importance it should be in traditional MBA programs or financial education. This case competition is specifically designed to ensure students gain experience in the critical areas of credit analysis and risk management.
Laurier students Daniel Ram, Tom Kapsimalis, Chad Artem and Tim Soroka - the only team of undergraduate students in the event - competed for two days against eight other teams comprised of more experienced MBA students.
“The fact that our students showed so well in this competition is important,” said Brian Smith, a finance professor at Laurier. “Without sufficient understanding of credit risk, their comprehension of finance would be very limited.”
“Laurier has placed in the top three in the last four years of this competition,” said Alan Marshall, a finance faculty member at Laurier. “Our students know what they’re doing. We’re very proud of this year’s team.”
This unique event pits teams from Canadian and American universities in a two-day competition of ideas, theory and cutting edge credit risk decision making.