John Borrowman III
Borrowman Baker LLC
What it would have been like to finish undergrad already knowing how to apply the Income, Market and Asset Approaches? How to calculate WACC and CAPM? Can you imagine the head start you would have had? Believe it or not, those curriculum changes are happening all across the country. One of the results of that change is the Private BV Challenge.
The BV Challenge matches teams from colleges and universities in a competition designed around an actual valuation assignment made available by the firm of Moss Adams. Participating teams receive free access to extensive information and databases provided by Business Valuation Resources (BVR). The Challenge was created, and is managed, by Prof. Herb Kierullf at Seattle Pacific University.
The 2015 BV Challenge has twenty-five teams drawn from twenty schools. Each team will tackle an assignment to opine on the Fair Market Value of a 20% interest in a fictional road construction company organized as an S corp. Their first hurdle is to develop and deliver a 40 minute presentation about their work. Video recordings of the presentations are viewed by judges who are among the top practitioners in the profession.
Judges will choose eight finalist teams that will travel to Seattle for live presentations on April 24 & 25. The teams are permitted to change their presentations based on input from the initial judging round. The live presentations are 40 minutes followed by 15 minutes of Q&A, and are delivered to yet another panel of judges. Winners are announced and prizes awarded at a banquet that closes the competition.
You can read more about the Private BV Challenge here. Check with your favorite finance professor to see if your alma mater is involved. It’s not too early to be thinking about the next competition.