The key to attracting so many U.S. schools is our “high-caliber case,” says BCom finance student John Sanden, marketing director at NIBC.
The goal of the competition is to maximize the authenticity of the investment banking experience, involving competitors with challenges faced by publicly listed companies. The competition culminates in a live pitch to senior managing directors of Canadian investment banks, with the winning undergraduate and MBA teams sharing a prize pool of $10,000.
Teams are now competing in the preliminary round, which involves building and analyzing a full valuation model based on precedent transaction analysis, discounted cash flows and trading comparables.
The competing teams have four weeks to prepare their submissions. The top 15 undergraduate and top ten MBA teams are then invited to the final round in Vancouver.
The final teams will be announced in early December.
Record number of U.S. teams in Sauder’s NIBC competition