Delhi: the student team of FOSTIIMA BUSINESS SCHOOL, New Delhi participated in the financial simulation game at the IMT NAGPUR in their annual management fest “MILESTONE-35’.This Financial simulation game was organised under the name of “SAIL OF FORTUNE” The gruelling event was organised from 09 October to 10 October 2009. The theme of this year’s event was on the YUGAANTAR from Ice age to I.C.E. age. The event commenced with the inaugural ceremony on oct. 9th, in the presence of the honourable Chief Guest Shri A. B. Pandey President-Foundry division of NECO Group of Industries. The FOSTIIMA team consisted of Purushotam Sati and Avijeet Kumar specialising in Finance.
The team of two students had been short listed for the final round at Nagpur from various entries from whole India. The first round was also based on the Financial Simulation game. There were 25 teams in the final round including various IIM’s, IIT’s and other top management colleges of INDIA like XLRI, SP JAIN, IMI, IMT-G, JBIMS, SIBM etc. It was not a easy ride for our duo as they pitted their learning against prestigious teams and were selected among the top 10 teams and awarded merit certificates and participating mementos. The financial simulation game UNCHARTED TERRITORY was played in 7 rounds. After each round, every team could get to know about the location of each other teams. They had to make the strategy based on the expected strategy of other’s teams. It was the ultimate test of managerial ability, analytical mind, strategy, Derivatives, Trading, Arbitrage, Risk minimisation, Portfolio and innovative ideas. They had to play the game and had to maximise the net worth of portfolio with respect to other teams. This game was played in 7 rounds in 18 hours.
According to our team members Purushotam Sati and Avijeet Kumar, it was both an enriching and enlightening experience signifying the high point of their MBA at FBS. They got a warm welcome at IMT-NAGPUR campus and a chance to interact with the students from other management colleges from INDIA.
The IMT-NAGPUR Faculty was very thankful to FOSTIIMA Business School, New Delhi for participating in the
Competitive game
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