We worked more than 300 hours to prepare ourselves," Panus Hongprapipat, head of the winning team from Thammasat University's Business School said, when they met the press last week.
The team of Jackrit Bumrungtrakul, Sorawit Patumraj, Wimolnat Tanganurakpongsa and Kittikiat Tantivuttikiti won the sixth CFA Institute Research Challenge global final, held in New York on April 11.
"The competition is the most famous and acceptable among students studying finance," Wimolnat, the only female in the Thai team, said.
The Thammasat undergraduate team represented the Asia Pacific region. It beat three other finalists who were postgraduates with more work experience. They came from Stockholm School of Economics, representing Europe, the Middle East and Africa; from Rutgers University, which represented the New York region; and Illinois Institute of Technology, which represented the Americas.
Kittikiat said they were afraid Rutgers University would win the contest. Its team included a lawyer to answer judges' questions, and a member on an Bt800,000 salary who is studying an executive MBA programme.
However, with an easy-to-understand presentation, it was not too difficult for the Thai undergraduates to win the judges' hearts.
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