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By Andrew Bates, EWMBA 17
The Win: 2nd Place in the Fink Center Stock Pitch Competition at UCLA, Feb. 12, 2016
The Team: (left to right) Benjamin Kim, EWMBA 17, Nikhil Mungre, EWMBA 17, Arvind Ranganathan, EWMBA 17, Andrew Bates, EWMBA 17.
The Field: Twelve teams from the US and Europe's top MBA programs met to present investment recommendations to a panel of portfolio managers from top industry firms including Capital Group, HighMark Capital, Kayne Anderson Rudnick, TCW, UPI Management, and Webush Securities. All teams competed in the first round consisting of a 15-minute presentation and a 20-minute Q&A. The top three teams went on to present a second stock recommendation for a predetermined company.
The Pitch: Our Berkeley-Haas team, Alpha Capital, presented a short position for Chipotle based on a negative one-year outlook due to the high valuation, expected margin pressure, and brand damage from health and safety issues. After narrowing the teams down to three, each remaining school pitched an investment thesis on Disney. We went long based off the conclusion that Wall Street analysts were overreacting to fears of eroding cable subscriptions, and based on a favorable outlook for Disney’s other large business units (studio, resorts and parks, merchandise).
The Clincher: We demonstrated a thorough understanding of Disney’s fundamental business model and delivered convincing evidence for the thesis. The judges were impressed by our understanding of the sensitivity of valuation models to the assumptions for two key variables, the interest rate and the terminal growth rate. We presented our valuation across a range for both variables, presenting a broad understanding of the potential outcomes.
The Haas Factor: We requested feedback on our presentation from multiple professors at Haas, and their feedback was invaluable. The practice of walking multiple people through our analysis led us to really understand our thesis. By the time we got to the final presentation we could all tell an easily understandable story. Our smooth presentation helped us to stand out amongst stiff competition from other schools.
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The ISB’s online application for the Post Graduate Programme in Management is live on the school’s website, complete with the 2016-2017 Indian School of Business essay topics. The number of required essays has dropped from three to two. The content of the prompts has slightly changed from last season’s essay set. PGP applicants are asked to respond to two required essays in 300-400 words, with an optional third essay that invites prospective students to share additional information that might substantively impact their candidacies.
The 2016-2017 Indian School of Business Essay Topics are as follows:
Essay 1: If we were to admit just One more candidate to the Postgraduate Programme (PGP) at the ISB, why should it be you? (400 words max)
Essay 2: Describe your your short and long term career plans. How does the PGP fit in with those? (300 words max)
Optional Essay: Please use this space to provide any other information not covered elsewhere in the application that could significantly impact your candidature at ISB.
Note: It is not necessary for you to write this essay. Please use this space only if there is something really significant that you would like us to know. (200 words max)
Now that the 2016-2017 ISB deadlines and essays are out, get a jump on your research by downloading the FREE Indian School of Business School Snapshot!

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