CNBC’s “Million Dollar Portfolio Challenge MBA Face-off

MBA students from Carnegie Mellon, Cornell,
Georgetown, Ohio State, University of Chicago, University of Michigan,
University of Notre Dame & University of Texas Austin to compete for prizes
and bragging rights in a nine-week, fantasy stock and currency trading
competition

Today, as trading officially begins in
CNBC’s “MillionDollar Portfolio Challenge,” students from eight of
the nation’s top business schools will embark on their own unique competition.
The “MBA Face-Off” will pit teams of ten from each school against each other as
they test their trading prowess managing a $1 million “CNBC Bucks” stock &
currency portfolio.

Each of the
registered students in the “MBA Face-Off” will use their virtual million
dollars to fictionally trade stocks and exchange traded funds on the New York
Stock Exchange, NASDAQ Marketplace, American Stock Exchange, London Stock
Exchange and Australia Securities Exchange as well as currencies in real-time.

Schools competing in
the “MBA Face-Off” include:

-Georgetown
University, McDonough School of Business

-Mendoza College of
Business, University of Notre Dame

-Samuel Curtis Johnson
Graduate School of Management, Cornell University

-The University of
Michigan Ross School of Business

-Tepper School of
Business at Carnegie Mellon University

-The Ohio State
University and Fisher College of Business

-The University of
Chicago Booth School of Business

-The University of
Texas at Austin McCombs School of Business

Profiles of
participating students as well as their respective blogs about their trading
strategies are available at milliondollar.cnbc.com. Once a week, a team from
one of the participating schools will appear on CNBC to discuss their
performance and how they plan to win it all.

Trading officially
ends on Friday, November 18 at 4:00 p.m. ET. The team with the highest average
portfolio balance at the end of the “MBA Face-Off” will claim bragging rights
and each team member will win an iPad 2.

Students who are
eligible may also compete in the “Million Dollar Portfolio Challenge” for the
chance to win the grand prize of $1 million. Complete rules can be found at
http://milliondollar.cnbc.com.

Follow the “Million
Dollar Portfolio Challenge” and the “MBA Face-Off” on both Twitter at @cnbcMDPC
(hashtags: #MBAFaceOff; #Ifihadamilliondollars; #portfoliochallenge) and
Facebook at http://facebook.com/cnbcmilliondollarportfoliochallenge.

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