Anderson University Students In Free Enterprise (SIFE) won Purdue University's annual Battle in Boilerland last weekend. The financial analysis competition pitted SIFE representatives from five universities against each other to determine who could present the best scenario to help a young married couple emerge from debt.
Michael Flick, marketing major at the Falls School of Business at AU, participated in the competition for the second time. "This is a chance to do something you don't normally do," said Flick. "We acted as the couple's financial advisors. Being college students, with debt of our own, people wouldn't normally ask us for advice."
The 36-hour competition began Thursday night when the team was given the scenario. After working through Friday the teams presented to a panel of business personalities their solution for the couple's debt management.
"The presentation was very intense," said Lisa Sjoquist, an accounting major, comparing the setting to "The Apprentice" boardroom sessions. "But the experience met and exceeded my expectations. It really was rewarding."
Attempting to take a thorough approach to managing the couple's debt, the team contacted advisors across the spectrum, from credit card companies to counseling services the fictional couple could go to for help. Flick thinks the real-world solution contributed to the victory. "The judges knew we worked hard to try to find our solution," he said.
AU SIFE received third place at last year's Battle in Boilerland. The team will travel to Arizona in March to compete in a national competition. "I take great pride in seeing the quality of our team members confirmed by others outside of our organization," added John Van Drunen, president of AU SIFE.
SIFE is an international organization found on over 1,500 campuses in 37 countries. The organization exists to "change the world" by teaching important economical concepts relating to business and free enterprise. Students have been involved in SIFE at Anderson University for over 15 years.
Anderson University is a private, four-year, Christian liberal arts institution of approximately 2,700 undergraduate and graduate students. Established in 1917 by the Church of God, the university offers more than 60 undergraduate majors and graduate programs in business, nursing, education and theology. The Falls School of Business is one of Anderson University's largest academic departments offering eight undergraduate majors as well as MBA and DBA programs. The school is accredited by the Association of Collegiate Business School and Programs (ACBSP) and is a member of the Christian Business Faculty Association (CBFA).