Three Ohio State juniors got to tour the New York Stock Exchange trading floor and bring home $5,000 each in scholarships.
They competed in the YOUniversity Deal Challenge funded by Duff & Phelps, a financial advisory and investment banking firm.
Chris DiYanni and Zachary Messenger, both third_ years in finance and real estate, and John Weiler, a third-year in economics, beat out more than 30 teams from 16 colleges around the country.
“The most memorable part for me was probably at dinner when they said who the second place team was, so I knew we were first,” Weiler said.
DiYanni said after applying for the scholarship, they had a month to put together a power point presentation “solving a business problem involving the telecommunication industry”.
On March 28th the three were selected to compete in the final round, which included an all expenses paid trip to New York City April 13th-15th.
Brigham Young University’s team won last year, which was the first year of the competition.
“In 2011, we expanded the program to test a boarder set of skills, including mergers and acquisitions advisory, transaction opinions, dispute consulting and valuation advisory,” Julie Pinsonneault, a senior associate in marketing for Duff & Phelps, said.
Messenger noted that touring the NYSE was one of the highlights of the trip for him.
Weiler agreed saying: “Being on that trading floor is something I’ve wanted to do for awhile. My brother does banking in New York and it’s been something that I’ve wanted to go into as well, so this was a great chance to take an inside look at the NYSE and see the financial district in Manhattan”.
“It was an incredible experience; I met a lot of great people there,” Messenger said.
One of the requirements for teams to compete was having a faculty advisor to assist them. Sergey Chernenko was OSU’s advisor.
“He helped us out all along the way with polishing up our presentation, giving us pointers and throwing questions at us,” Weiler said.
Chernenko was not immediately available for comment.
The three will receive the scholarship money in the fall.
Messenger summed up his experience saying, “It opened up more doors for the future.”