University of Bath School of Management University of Bath School of Management

Student wins prestigious BP competition

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Michael AroeanA first year BSc Accounting & Finance student from the School of Management was part of a team that won a prestigious cross-university event held by BP.

Michael Aroean formed part of a BAF group that won an oil trading game, coordinated by BP when they visited the School of Management to introduce the work of their Integrated Supply and Trading (IST) division to students. His winning group were subsequently invited to attend the cross-university final at BP headquarters in Canary Wharf.

To reflect the unpredictability of the real workplace, students were mixed up for the two-part final and Michael found himself in a team with a first year finance student from Warwick and third year Cambridge engineering student. The first part saw the teams use BP's new graduate-training oil simulation programme to trade shares in an intense competition, and Michael's team came third with a realised and unrealised profit of around $9 million. For the second part, teams had to use candlestick charts and oil prices based on actual WTI price movements on a randomly chosen date (12th June 1995). Trading with a million oil shares for around 40 minutes, Michael's team came way out in front making $3 million, which meant they won the competition final as a whole.

Anthony Birts, Director of Studies for BSc Accounting & Finance, said:
"This is an excellent performance and a tremendous example illustrating what we hope the BSc Accounting and Finance will enable students to do, namely apply learning to real world issues."

Following the competition students had the chance to look around the trading floor, and network with traders and the graduate recruitment team.

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General Notes For Editors:

The School of Management is one of the UK's leading business schools. Currently ranked 1st for Student Experience (Times Higher Education 2015) and 1st for Business Studies (The Times & Sunday Times University Guide 2016), we are a leading centre for management research - placed 8th in the UK in the latest REF2014.

We are one of a select number of international business schools accredited by EQUIS, the European Foundation for Management Development's quality inspectorate and the Bath MBA has been accredited by the Association of MBAs (AMBA) since 1976.

The centrality of research to teaching is an essential feature of all our programmes. The School offers a full range of programmes from undergraduate to postgraduate up to PhD level and post-experience programmes including the world-ranked Bath MBA. The School also provides tailored executive development programmes for middle and senior management.

The School of Management has a faculty of over 100 teaching and research staff, including visiting academics, with a professional support team of around 90 managerial and administrative staff. Research income averages £2 million per annum. There are approximately 2,400 students in total comprising some 150 MBA students, over 500 Master’s students, 250 full- and part-time research students, and over 1500 undergraduates following BSc degrees.