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The GSB will take on UCLA’s Anderson School of Management in the first round of CNBC’s first game show “Fast Money MBA Challenge.” In a test to see how their financial education stacks up, the show features 32 current MBA students from eight business schools seeded according to the 2007 US News & World Report Top Business Schools ranking. See who’s representing the GSB.
Schools competing are:
What’s at stake besides school pride and bragging rights? Prize money of $200,000 awarded by TD Ameritrade, will be split among all team members. Note: Tom Ricketts, ’93, is board member of Ameritrade and CEO of Incapital.
How does it work? In each program, schools compete head-to-head in categories testing their financial expertise. For each correct answer, a team accumulates money (points) in a virtual "Investment Portfolio." The team with the most points advances to the next round and starts again with zero in their portfolio.
The championship game has an extra round. The team with the higher point value at the end of the third round is awarded $110,000 in virtual money and the other team is awarded $100,000 to create a "Championship Portfolio" consisting of five individual publicly traded stocks. Each team's point totals are set aside. The two final teams will be graded on the actual market performance of their "Championship Portfolio" from the beginning of trading on July 16 through the close of the market on August 22. The team whose "Championship Portfolio" has the highest value will be declared the winner on August 22 live from the NASDAQ.
Be sure to tune in and cheer on the GSB. Here is a schedule but be sure to check your local listings for air dates and times.
EPISODE 1 -- Wednesday, August 1, 9pm & 12am ET
EPISODE 2 -- Wednesday, August 8, 9pm & 12am ET
EPISODE 3 -- Wednesday, August 15, 9pm & 12am ET
EPISODE 4 -- Wednesday, August 22, 9pm & 12am ET