Student Club Events

NYU Stern Students Win Ninth Annual National Energy Finance Challenge

A team of four Stern MBA students won the ninth annual National Energy Finance Challenge on October 18, 2013, in Austin, TX. Full-time MBA students Jay Ji, Kushal Patel, Gennadiy Ryskin and Chip Teets competed as team “6 Hour Energy” in a simulated business pitch judged by executives from major energy companies.

All participating teams were tasked with evaluating three large energy projects, selecting the most promising project and pitching it to a fictitious management team. The teams had three days to build financial models, predict outcomes and prepare their pitches. After presenting their preliminary pitches, four finalist teams were selected to field questions from a room full of “investors” (judges) for 45 minutes in a hypothetical scenario in which an activist investor publicly denounced the project plan.

NYU Stern’s team was awarded first place and received a $10,000 cash prize award.

Sixteen business schools participated in the competition: Carnegie Mellon (Tepper), Columbia, Cornell (Johnson), Duke (Fuqua), Dartmouth (Tuck), MIT (Sloan), NYU Stern, Rice, UCLA (Anderson), University of Chicago (Booth), University of Michigan (Ross), UNC , University of Texas, UVA (Darden), Vanderbilt and Yale. Chevron sponsored the event, along with additional companies including ConocoPhillips, Schlumberger Business Consulting and ExxonMobil.