August 01, 2007
UCLA Anderson MBA Students Flex Their Financial Minds On New CNBC Game Show
UCLA Team Competes for $200,000 on CNBC’s “Fast Money MBA Challenge”
Englewood Cliffs, N.J. - As if their summer internships weren’t already challenging enough, five UCLA Anderson MBA students also took time this summer to fly to CNBC's New Jersey headquarters to participate in a new business-themed game show entitled CNBC's "Fast Money MBA Challenge."
The UCLA Anderson team, all members of the class of 2008, was comprised of Bryan Applequist, Martin Key, Umi Mehta and Nital Patel, and alternate Yatin Patel. Even though the UCLA Anderson students had never worked together before, they shared a common goal of collaboration and good fun.
"We couldn’t have asked for a better set of teammates," said Bryan Applequist. "I think our different strengths and varied experience, combined with a great attitude, really made us stand out among the competition."
Hosted by CNBC's Dylan Ratigan, anchor and co-creator of CNBC's "Fast Money" and co-anchor of "Closing Bell," the "Fast Money MBA Challenge" features 32 current MBA students from eight top business schools. The competition is played in a traditional bracket format. Other participating schools include Columbia, Tuck, MIT, NYU, University of Chicago, University of Texas at Austin, and Yale.
"The show did put our financial and business knowledge to the test," said Umi Mehta. "But even if you knew the answer, the real challenge was being the first to buzz in. The show's 'hot seat' segment really put you on the spot and made you sweat."
Competitor Martin Key said that the team put a lot of time and creative thought into preparing for the show. "I was hoping to throw out some quotes from the movie Wall Street," said Key.
Nital Patel was honored to be on the UCLA Anderson team, saying "we were a really good representation of Anderson - very united and proud." She added that they were great sports, as well, making sure to express their gratitude to the producers and staff for putting on such a great event.
"Fast Money MBA Challenge" premieres on Wednesday, August 1st at 6:00 p.m. & 9:00 p.m. PT and will air on Wednesday nights leading up to the finale on Wednesday, August 22nd. To learn more, log on to mbachallenge.cnbc.com.
UCLA Anderson students will first face off against Chicago in a segment airing on August 8 at 6:00 p.m. PT. The two teams will compete head-to-head in categories that test their financial expertise as money accumulates for each correct answer in a virtual "Investment Portfolio." The fast-paced format should make for exciting viewing.
The winning team will receive $200,000, awarded by TD Ameritrade, to be divided among team members. The prize money must be used for tuition, repayment of school loans, books, room and board or other school-related expenses.
Overall, the UCLA Anderson students agreed their summer game show experience was not only a once-in-a-lifetime opportunity, but a lot of fun.
"I don't think any of us imagined we'd appear on CNBC this early in our careers," said Applequist. "Here I am, 26 years old and on CNBC - it is just surreal."
UCLA Anderson will host a viewing party on August 8 at 5:30 p.m. at The Parlor in Santa Monica. Students, alumni, friends, family and staff will gather to cheer on the team. For more information, click here.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world. UCLA Anderson faculty are ranked #1 in "Intellectual Capital" by BusinessWeek and are renowned for their teaching excellence and research that advances management thinking and practice. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.
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