The University of Charleston was awarded second place in the 2nd Annual Peoples Bank Undergraduate Business Case Competition on Feb. 1 in Marietta, Ohio.
The University of Charleston team earned $1,000 for their second place finish. Team members included the following students: Rhys Batt, Marc Lovis, Tyler Donnellan and Amanda Meadows, faculty advisor.
Seven colleges participated: Ashland University (Ashland, Ohio), Marietta College, Marshall University, Muskingum University (New Concord, Ohio), Ohio Valley University, University of Charleston and University of Mount Union (Alliance, Ohio).
Marshall University earned first place ($1,500) and third place went to Marietta College ($500).
During the competition, each team presented its business case response to a panel of judges.
Each team consisted of four undergraduate students and one faculty advisor. Teams were given one month to devise a solution for a fictitious financial services-related business case. The case addressed multiple geographical regions and multiple functional areas, such as strategic planning, finance and marketing. Presentations were 30 minutes in length, followed by a 15-minute question-and-answer session with the judges.
"Peoples Bank is committed to investing in our communities through educational development and outreach," said Chuck Sulerzyski, Peoples Bank CEO and President. "The Case Competition is an opportunity for undergraduate students from multiple institutions to invest time and effort in competing with their peers to provide a solution to a real world business scenario.
"The competition allowed us to acquaint ourselves with potential candidates for employment and for students to become familiar with the area. We're looking forward to the competition growing next year."
In addition to the competitive opportunity, participants interacted with business leaders in the financial services industry and received valuable feedback on the results of their work.
The event is hosted by the McDonough Center at Marietta College.