The Risk Management Association of Alberta, in conjunction with the MRU Financial Student Organization (FSO) hosted the second edition of the MRU RMA Alberta Commercial Lending Case Competition this past September. The competition is modeled after RMA competitions held in the United States and MRU is currently the only western Canadian University to offer a case competition in this format.
Building upon the success of last year’s inaugural event, the organizers were happy to report a 40% increase in student involvement for this year. This year’s competition seen 10 teams comprised from 38 Bissett BBA student participants plus six student volunteers to handle the logistics throughout the event. There were also nineteen RMA commercial credit professional-executives and ten faculty and senior management members in attendance. Each of the teams were provided with a dedicated industry mentor to give individualized advice on their analysis.
“It was an outstanding few days of learning, mentor-ship and networking! ” – Cathy Roy-Heaton
Each team was evaluated on their written and oral summary, identification of key risks, mitigation of risks, key ratio and financial analysis of the case, as well as their ability to professionally and concisely communicate their findings and defend their recommendations. The teams were extremely competitive as all ten teams placed within 15% of the first place team and there was only 1.2% differential between the 1st and 3rd placed team!
“Many of the students thanked me for the opportunity to be engaged in this experience. No question this is at the heart of what we stand for in the Bissett School of Business. Thank you for making this an impactful learning experience for our students” – Dean, Elizabeth Evans
The JMH LaunchPad competition is in its seventh year of recognizing and rewarding MRU student entrepreneurs. Hosted by the Institute of Innovation an Entrepreneurship, the annual competition has become a 300 seat sell-out event filled with investors, students, and community members who come to see the student entrepreneurs pitch their ventures for a chance at $80,000 in start-up funds (cash and in-kind services). The student entrepreneurs at Mount Royal University continue to impress and lead in Calgary’s entrepreneurial community.
Participating students were: Gio Moros, E-Cash; Silvia Bezzi, Arielle Fitzgerald, Marc Nzojibwami, Mooch; Gurpartap Baidwan, Move N’Store; Luke Morstad, Outlier Surf & Adventure Co; Tarandeep Singh Kainth, Sharyeo; Kevin Wojcial, Venure Tech Innovations VR; Vladimar Taikov, WorkMore.
Congratulations to all of our student entrepreneurs! A complete list of results can be found here.
As part of the Innovation and the Entrepreneurial experience course (ENTR 2301), Venture Design Studios, students identify a problem and find an innovative solution using the Lean Startup methodology. Throughout the year, approximately 45 external experts provide feedback and insight to 500 participating students.
At the end of the semester there is Venture Design Studios finals where the top 7 teams pitch their ideas. This semester, the winning venture and people’s choice was Safe Stir, an innovative and discrete stir stick that could identify whether a substance has been put into a drink.
The Venture Design Studio is a great example of an experiential course that seeks to drive the entrepreneurial skill-set of our students. Congratulations to these innovative students!
For the second year in a row, the Bissett School of Business team has won the CFA Societies of Canada Ethics Challenge regional round! The Bissett team beat out teams from the University of Alberta, University of Calgary, University of Lethbridge and SAIT.
The Bisset team will advance to Nationals which are to be held in Calgary this coming May. Representing the Prairies Region, they will compete against the top schools from the other Canadian regions: BC, Ontario, Quebec and the Maritimes.
The Bissett team is comprised of Aliza Carrol (BBA – Financial Services 2020, Houston Higgins (BBA – Financial Analysis 20190, Gurdit Khatra (BBA – Financial Analysis 2019), Alaina Magnusson (BBA -Financial Analysis 2020) and Allana White (BBA – Finacial Analysis 2020).
As faculty advisor, Bissett Professor Cathy Roy-Heaton would like to mention how proud she is of their efforts and the quality of their analysis of a very complex governance -ethical scenario.
Their success is a direct reflection of the quality of our Finance program! Congratulations Team!
The Bissett Accounting Students Society held their Fall financial accounting case competition this past October. Nine teams, comprised of two students each competed for prize money sponsored by the CPA Education Foundation.
Congratulations to the following winners:
1st: Derek Beavan and Sultan Sahota
2nd: Dillion Hyde and Carl Florence
3rd: Mehza Sikandar and Kisanet Berhane
Special thanks to judges Adrian Surban CPA (Atco), Jennifer Cheung CPA (CP Rail, and Shiraz Kurji CPA (Bissett Associate Professor in Accounting).
Also thank you to the CPA Education Foundation for their continued support .
As part of the CFA Institute University Affiliation Program membership, the Bissett School of Business is able to award CFA Level Exam Scholarships through the Financial Analysis Concentration.
The finance department has been allocated 15 scholarships for the December 2018 and June 2019 exams. Each scholarship is worth an approximate $900 USD and is administered by the CFA Institute.
The Scholarship selections were made by a committee consisting of Bissett Associate Professors in Finance Allan Dwyer, Carlton Osakwe and Cathy Roy-Heaton. In addition to the requirement of the student recipients being in their final year of studies (BBA GM Major with a Financial Analysis Concentration), the committee also factored in career ambitions and their contribution to the finance program during their time at MRU.
December 2018 Examination: Michael Croft, Shahla (Shay) Hussain, Dylan Nemeth, Fabjan Pepaj.
June 2019 Examinations: Michael Boulter, Quinn Bromley, James (David) Carlson, Maxim Chiguy, Serge Combot, Syed(Jay) Hussain, Ahsan Khan, Riley McCallum, Victor Power-Romero, John (Cam) Price, Austin Vrabel.
Congratulations to all of our student recipients and thank you to the committee for their time and attention given to their thoughtful selections!
“Our students were outstanding ambassadors of our program. Our RMA partners, the judges and the mentors spoke with me throughout the two days of the event and said glowing things about our students: the quality of the analysis, their eagerness to learn and their professionalism were all noted. In total, 17 corporate-commercial bankers and credit risk professionals came to our campus and worked with our students in some capacity over the two days of the event” — Catherine Roy-Heaton.
Bissett School of Business is pleased to announce BBA student and recent graduate Djordje Calic will be presenting his honours thesis research, “How do we make decisions under uncertainty? Examining how a tutorial influences gender differences in risk propensity”, at the Administrative Sciences Association of Canada (ASAC) conference in Toronto, this coming May.
Djordje is also the BBA honours Thesis Award winner and runner up for the Dean’s Award for this same honours research project.
Congratulations Djordje and good luck in Toronto!
The ATB Investor Services Investment Challenge, otherwise known as the Bissett Stock Market competition, wrapped up at the end of March after seven months. Starting in September 2017, this year saw a record number of 33 teams compete.
The winning team of Austin Glenn, Lucy Javorcikova, and Harrison Lane had an outstanding return of 92%. The second place team of Jarett Bishop, Rob Flach, and Graham Perry managed an impressive 54% return, and the third place team of David Carlson, Amy Gillies, and Ahsan Khan were close behind with a return of 44%. All three teams are the recipients of cash prizes. The winning team is immortalized by having their names inscribed on the Stock market competition trophy. This year’s competition was the 13th edition of the popular competition.
Congratulations to the students and special thanks to Jim Fischer, Associate Professor and faculty adviser for the competition!