Congratulations to Ted Rogers School of Management Finance students Dalton Austin, Maximillian Czmielewski and Lena Hirschfield for coming in second at this year’s virtual Battle on Bay competition.
Founded by the Ryerson University Finance Society (RUFS) in 2007, the Battle on Bay competition gives students from universities across Canada the opportunity to develop and apply their problem solving, communication and financial skills to tackle real-life financial issues incorporated in a case.
The theme of this year’s event, which took place over Zoom January 7-10, 2021, was The Paradigm of Asset Management. Teams of three to four students were given the freedom to choose any stock on the North American exchange that had a market capitalization greater than $1 billion. Each group was given the requirements for their stock pitch a week prior to the conference.
On day two of the event, all nine teams presented in front of a panel of judges consisting of industry professionals. On the third day, teams participated in preparing a crisis case on a new stock, Kirkland Lake Gold, and presented their findings to new a panel of judges. Teams were evaluated based on their overall score from both the main case presentation (worth 65%) and crisis case presentation (worth 35%).
The Ted Rogers School team received $2,000 in prize money for their second place finish. Rounding out the top three were Wilfrid Laurier University in first place and Bishop’s University in third.
Battle on Bay also included a variety of online networking events, workshops and social functions for students to participate in.
“This year’s Battle on Bay was quite different as a virtual event compared to the in-person ones students have become accustomed to,” says Austin. “Networking was done through Zoom breakout rooms, and technology added an extra layer of complexity to regular tasks.”
“RUFS did a phenomenal job, however, of making it just as enjoyable as I'm sure it has been in recent years,” he explains. “They were able to still cultivate an environment where students could learn and actively ask questions during live workshops, but also succeeded in creating a social environment amongst the delegates.”
The event wrapped up with a keynote address by School of Accounting & Finance (SAF) Advisory Board member John Stephenson, who is a Thematic Research Analyst with BMO Capital Markets.