FDIC Academic Challenge team (left to right): Jenna Huizinga 鈥23, Ian Merrihew 鈥22, Chris Bridenbaugh 鈥23, and Jake Syzmanski 鈥25 (photo provided).
A four-member team of students from Geneseo鈥檚 School of Business has won the Third Annual , a national competition among university and college undergraduate students concerning the US banking sector. This marks the second challenge win for Geneseo, which also took first place in 2021.
Geneseo鈥檚 team this year consisted of Chris Bridenbaugh 鈥23 (economics major) from Livonia, NY; Jenna Huizinga 鈥23 (economics major, with minors in and ) from Willseyville, NY; Ian Merrihew 鈥22 (economics major, philosophy minor) from Averill Park, NY; and Jake Syzmanski 鈥25 (finance major) from Depew, NY.
The students presented on the effects of the rapid rise in interest rates on the banking sector, particularly relating to events of the last two months, then participated in a 15-minute Q&A session with the judges.
鈥淲e had an exceptional team this year, with veterans Ian and Jenna and new members Jake and Chris,鈥 says faculty advisor L茅onie Stone, assistant professor of economics. 鈥淓veryone worked very hard, and we鈥檇 like to thank the many alumni and friends of Geneseo who offered their time to help the team prepare. We all learned so much!鈥
The competition included more than 20 entrants from around the country. Other finalists represented California State University Fullerton, the University of North Carolina at Chapel Hill, the Virginia Polytechnic Institute and State University, and James Madison University, last year鈥檚 winner.
The FDIC鈥檚 hosted the 2022鈥23 Academic Challenge. In the first round, teams used multiple public data sources to prepare a written submission. In the second round, finalists presented their findings and answered questions from a panel of judges who work in the areas of banking and bank supervision.