Student wins prestigious BP competition
A 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.
For further information / press enquiries, contact:
Liz Alvey, Marketing Officer
School of Management
University of Bath
Claverton Down
Bath BA2 7AY
UK
Tel:+ 44 (0) 1225 386856
Email: pr@management.bath.ac.uk
General Notes For Editors:
The University of Bath School of Management has consistently achieved both top research and teaching ratings in the UK's Higher Education Funding Council for England (HEFCE) assessments. In the 2008 Research Assessment Exercise (RAE), the School was rated 5th in the UK for management research.
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 School is consistently ranked among the top UK business schools by The Times, The Sunday Times, The Financial Times and The Guardian.
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 around 90 teaching and research staff, including visiting academics, with a support team of around 70 managerial and administrative staff. Research income averages £2 million per annum. There are approximately 2,100 students in total comprising some 200 MBA students, 460 Master’s students, 210 full- and part-time research students, and over 1100 undergraduates following BSc degrees. The School also runs joint undergraduate programmes with Departments in the Faculties of Engineering and Design, Science and Humanities and Social Sciences.
