MBA Students Win Third Place in Bankruptcy Competition
by Sarah Small
A team of 3 ILLINOIS MBA students and 1 Masters of Finance student placed third in the Kellogg/American Bankruptcy Institute Corporate Restructuring case competition; judging for the competition was held at the Kellogg School of Management in Chicago on November 6.
Teams in the competition received a case about a company with a very large amount of debt and needed to prepare a presentation about how the company could manage its debt and move forward. The competition demanded a significant time commitment from the students involved.
The team prepared a 20 page document summarizing its overall strategy for helping the company and a spreadsheet document that showed monetary decisions, said Atsushi Fukuno, a first year MBA student who participated in the competition.
“Time management was a key factor for success,” Fukuno added. “We (needed to) tackle the case in addition to daily class and assignments.”
Gagan Bhatia, a second year MBA student, said the competition was a good opportunity and learning experience because its two hosts are well respected in the bankruptcy and turnaround industries. He also said the workload of the competition was rigorous because the students had much to learn in preparation for the judging.
“I would describe the competition as a 2-credit-hour course completed in a week as the competition involved understanding the subtleties of bankruptcy and turnaround industries, and understanding various aspects of the business,” Bhatia said.
Despite the demanding work prior to the competition, Fukuno and Bhatia both said they enjoyed participating in the competition and learning from their teammates and industry leaders.
Min Xie, first year MBA student, and Tirath Muchhala, masters of finance student were also part of the third place team.
“It gave us an opportunity to interact with industry professionals, professors, and students from other schools,” Bhatia said. “The excitement and the hard work put in the competition made it a fun and a memorable experience.”