Q1 What is the title of the finance student competition you may consider competing? Hint: You may Google search something like “student competitions in finance”.
Accenture Best Idea Competition
Q2 Describe the eligibility requirements, if any (e.g., undergraduate college student).
18 years or olders, gpa over 2.75, enrollered in a 4 year undergraduate program, will receive Bachelors of science in 2020-2023, US residents
Q3 What are the competition criteria?
Solves the problem they are giving you. But cannot break any of these Entry cannot be sexually explicit or suggestive, unnecessarily violent or derogatory of any ethnic, racial, gender, religious, professional or age group, profane or pornographic, or contain nudity; • Entry cannot promote alcohol, illegal drugs, tobacco, firearms/weapons (or the use of any of the foregoing), or any activities that may appear unsafe or dangerous; • Entry cannot promote any particular political agenda or message; • Entry cannot be obscene or offensive, endorse any form of hate or hate group; • Entry cannot defame, misrepresent or contain disparaging remarks about Sponsor or its products, or other people, products or companies; • Entry cannot contain trademarks, logos or trade dress owned by others, or advertise or promote any brand or product of any kind, without permission, or contain any personal identification, such as license plate numbers, personal names, e-mail addresses or street addresses; • Entry cannot contain copyrighted materials owned by others (including photographs, sculptures, paintings and other works of art or images published on or in websites, television, movies or other media or musical “samples” other than the musical tracks provided) without permission; • Entry cannot contain materials embodying the names, likenesses, photographs, or other indicia identifying any person, living or dead, other than entrant without permission; • Entry cannot communicate messages or images inconsistent with the positive images and/or goodwill to which Sponsor wishes to associate; and • Entry cannot depict, and cannot itself, be in violation of any law.
Q4 What is the deadline for the submission?
April 30, 2020 11:59 pm
Q5 Why are you interested in this competition?
I am very innovative and have a creative mind for inventing stuff and figuring out solutions to poeple pains. Then building a business around that solution
Q6 What would be a possible project you may turn in for the competition? Describe it in at least 100 words.
I wouldn’t be able to say what I would hand in because once you enter the competition then they give you a problem to solve. It can be a financial problem, eco problem just about anything. These are real problems so usually the top 10 or so teams end up working with real companies to further their ideas to become real. You would just have to do a lot of research on whatever they give you to find the best solutions. Having good contacts can help to know an expert in the field they give you could be a massive leg up over all the competition.
Q7 List things that you learned in financial modeling course that could be helpful for your project in Q6. Describe it in at least 100 words.
In this class I learned so much. I would use a lot of ggplot and the different analysis we learned through graphs and other visuals. Visuals for me make it easier to explain different things so being able to plot different stocks, dates, numbers etc… would help me when presenting whatever my idea is when it came up. This class would help with pricing my product to see what the other companies in whatever I invested are pricing their products at. Make a ggplot graph of some kind to correlate my product to there’s. Also I would use the wording you taught us when explaining different kinds of graphs. The way you taught us to explain the graphs made it sound way more like we knew what we were talking about which helped me in a lot of different classes and would help me in this competition.
Q8 List things that you learned in other finance courses at PSU that could be helpful for your project in Q6. Describe it in at least 100 words.
This one is hard to answer because I didn’t take a great deal of finance courses. But through the ones I did take I think the biggest takeaways is how to speak like a financial person being able to interpret numbers and graphs. It’s nice when talking for a project or a competition when you sound like you know what you’re talking about. This helps me stay listening and pay attention to you. You lose people when they think they know more than you in a subject you’re talking about. So I think the biggest thing I learned through my finance courses is having the financial lingo to actually sound like I have done some finance before.
Q9 Check the finance blog below and see if you see any post that may be helpful for your project in Q6. Discuss how it can be helpful in at least 100 words. Hint: The author of the blog writes articles on financial analysis using R. https://rviews.rstudio.com/categories/reproducible-finance-with-r/
Because of the competiton not giving you exaclty what your trying to solve before you enter it is hard to decide what would be useful. But that blog is something that could be very useful for something like this. I think I could give you a leg up on the competitors and save you a lot of time if there is a code in there that could help you anaylize data to further your solution. So it’s not useful right now but could be very useful in the future.
Q10 List things that you think could be helpful but not taught/offered at PSU finance courses. Discuss how it can be helpful in at least 100 words.
Like I said with the lingo I learned through finance courses it’s just something I picked up but didn’t learn. I think that is a course that all students should take. In any field you will have to talk about finances at some point in your career so learning the terminology could give you a leg up against your competitors and give you the extra little something at job interviews. Also it would help once you go further into finance because the teachers wouldn’t have to explain as much because you would have already learned some of the terminology and financial talk beforehand. Money runs the world so being able to talk about this can give you a leg up in life and set you apart from everybody. Like some teachers have said to me before, fake it till you make it, but at some point it will catch up to you. So if you know a little bit you want look so dumb and get stumped on any questions.