Skip to main content

UofGH advances to semifinals at CFO Case Study Competition in South Africa

For the second year in a row, a team of University of Guelph-Humber Business students and alumni have advanced to the semifinals at the prestigious CFO Case Study Competition, placing in the top six. The competition, which began on March 1, involves a highly competitive and rigorous process, with 1,950 students on 550 teams, from 85 different universities, 46 countries, and six continents, competing this year.

The UofGH team – which includes fourth-year Business students Shirin Monga and Daniel Bielak, and alumni Emma Lal and Michael Persaud, receive an all-expenses-paid trip to Johannesburg, South Africa to compete in the final rounds of the competition. The final rounds will take place on October 15 and 16, 2019 at the Johannesburg Stock Exchange – the oldest and largest stock exchange in Africa. In addition to UofGH, teams from Finland, UK, Germany, Nigeria, and South Africa made the top 6.

In the first round, the UofGH team had to solve five business problems relating to Volkswagen, and submitted a report that they completed over a two-month period. Winning teams advanced to the top 20.

Those 20 teams then submitted PowerPoint slides and a 10-minute video presenting their case solutions. The teams also created one-minute videos introducing the team and stating why they should receive votes on social media.

In October, the six semi-finalists will present in front of a panel of judges that will include CEOs and CFOs of major public corporations. The three winning teams will go on to compete in the finals the following day, where a winner will be selected. The winner will have the opportunity to blow the Kudu Horn, which opens up trading at the Johannesburg Stock Exchange.

“I’m so happy for our students making the semi-finals – they have worked tremendously hard all year, and the amount of effort we’ve put into training for various case competitions, these students deserve everything they’ve worked so hard for,” says Justin Medak, Assistant Program Head of Business at UofGH, who also trains and prepares UofGH students for case competitions at all levels. “It shows how far we’ve come as a university to make the top six in back-to-back years. It speaks to the quality of our students, the impact they have globally, and I’m very impressed with them.”

How you can help

The semi-finalist teams will all have their one-minute videos posted on the CFO’s Facebook page, where they can earn points for “likes” and “shares” as part of a 65-day social media challenge, which takes place until September 15. The three teams receiving the most “likes” and “shares” will receive 5%, 3%, and 1% boosts in their judges’ scores during the semifinals, which could be an important advantage. UofGH students are encouraged to give the team a huge assist by clicking “share” and “like” on the University of Guelph-Humber’s submission!