The Martin J. Whitman School of Management at Syracuse University hosted its first graduate student stock pitch competition Feb. 26, in Lender Auditorium. Organized by the Whitman finance department, the event featured three graduate student teams pitching three different stocks. Nearly 50 people attended.
Joel Redmond, vice president at Key Private Bank (also a Whitman adjunct professor), served as adviser to the student teams. The pitches were judged by a panel of two faculty members: David Weinbaum, associate professor of finance and Harris Fellow, and Craig Dudczak, Ayesha Sheth, MBA student, and an investment professional, Matt Ramsey of Pico Wealth Management.
The stock pitch team comprised of students, Jiaxuan Li, Shouchi Li and Xiaofang Wu, won the event with its pitch of Southwest Airlines stock. The team was eligible for a prize of up to $500, funded by D’Aniello Fund.
Stock pitch challenges or competitions are popular within business schools because they provide a forum for students to showcase their stock-picking skills and learn from top professionals in the field. Typically, the students prepare and present buy/hold/sell recommendations and defend them in front of a panel of judges.
“Stock pitch competitions replicate the intense competition and fast-pace of sellside and buyside analysts and asset managers,” said Ravi Shukla, associate professor finance and chair of the Whitman finance department. “It’s a way for our students to prepare themselves for what they will face as professional financial analysts.”
Whitman plans two more stock pitch competitions this semester on March 26 and April 23.
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