Bengaluru, 24th January 2018: Symbiosis Institute of Business Management, Bengaluru hosted the 6th edition of Revelation 2018, the Annual Management Fest of SIBM Bengaluru. The Fest is an amalgamation of both, management and cultural events. One of the management events was Finascere -The Finance Competition. From 110 teams who took part in the online rounds, only 17 teams qualified to the national finals held in the campus. The finals included seven rounds on day 1 and two more on day 2.
The first campus round was the “Best Wealth Manager” – each team were given a particular scenario and they had to build a suitable portfolio. Well, if this sounds tough, this was just a teaser for the upcoming events. Although it may seem hard, the rounds were planned in such a way to make it interesting while keeping it challenging. Then was the “Financial Modelling” round, where teams were required to build a dynamic financial model based on given balance sheets. This was followed by the “Oracle” round where the teams had to predict the price of oil in the international market exactly one year in future. This had to be substantiated with necessary data. This was followed by the “Finstruck” round where questions in the form of images relating to the financial world were shown and the candidates had to guess the answers. This was the final round before eliminations took place. The teams that qualified really did prove that they were built of steel. But that wasn’t the end of day 1. To test them further on their endurance and perseverance while still testing their mental faculties, two more rounds were held.
The next round was “Mock Stock 2.0” where teams were given virtual fund based on their previous cumulative scores and were required to buy stocks from a given pool of stocks and maximize their return. The catch was that random news about the companies was being revealed to the contestants and they had to be thinking on their feet to react to the news that was being given. This was to test the contestants on parameters such as trading, negotiation and time management.
The final round of day 1 was an overnight task – the teams had to conduct an M&A between two Indian companies that are not in news/talks for an M&A. They had to present their answer to the judge the next day.
Day 2 kicked off with high expectations due to the bar set by the teams on day 1. The teams were requested to present their finding. This was judged by Saswata Mohanty, Assistant Director, Moody's. Then it was followed by the round called “Best Wealth Managers” where the teams had to explain the rationale that went behind whilst picking up stocks on day 1 for “Best Wealth Manager”. This was judged by Asmita Karanje, Project Manager, ANZ Banking Corporation.
This concluded the event and the teams were eagerly anticipating the results. After much deliberation and discussion, the judges finally came to a consensus. First Prize went to Aakash Baid and Harish Advani from Narsee Monjee Institute of Management Studies- NMIMS Bangalore. Runners-up went to Abhijit Rao and Madhusudhan TM from CIMS.
The contestants said that they had a great time and that they gained valuable insights from the esteemed judges which they would implement to embellish the plan further. The judges were amazed at the quality of competition and said that they too learnt a lot of new things. They also said that the innovative thinking shown by the contestants was commendable. This concludes the Finascere for this year. SIBM B would take this opportunity to congratulate all the participants and winners.