
Daniel Favitta, left, Ethan Foster, Eric McTeir, David Jones and Bill Strausbaugh. (Photo by Amanda Getty)
A team of Walker College students won the recent N.C. Chartered Financial Analyst (CFA) Society Research Challenge, held in Greensboro. Bill Strausbaugh, Eric McTeir, Daniel Favitta, Ethan Foster and David Jones will next compete against 46 other teams from across the nation that at the CFA’s Americas competition in New York City in April.
Students from Appalachian last won the competition in 2009. The 2012 team is comprised of members of the Bowden Investment Group, an investment management class in the Department of Finance, Banking and Insurance.
“Our undergraduates have always been highly competitive, even against MBA students from top 20 ranked programs,” said Dr. Delbert Goff, the team’s faculty mentor and a professor in the Department of Finance, Banking and Insurance. Goff estimated each student spent 150 or more hours preparing for the competition, which will further prepare them for careers in the banking or financial industry.
“They have gained invaluable experience in conducting real-world financial analyses, the benefit of participating in the competition, and the confidence to know they can compete against students from some of the highest-ranked MBA programs in the nation,” he said. “I am proud of these students.”
“They are great representatives of Appalachian State University,” he said.
The Research Challenge challenged teams of students from public and private universities in the state to research, write and present a report recommending a “buy,” “sell” or “hold” position on a publicly traded company.
The students had access to the company’s management team for one day and were given a template to follow in completing their written analysis and report. The N.C. CFA Society provided mentors for the teams and judges and graders that reviewed and graded the reports.
“Appalachian had one of the few undergraduate teams competing in the competition,” said Christopher Pavese, chief investment officer with Broyhill Asset Management in Lenoir who was one of the team’s mentors. Pavese is president of N.C. CFA and a past judge of the competition.
“This win says a lot about the program at Appalachian and the commitment of faculty to these students. This is the second time in the four years of the competition that Appalachian has won top honors competing against teams comprised of students from master’s and MBA programs,” Pavese said.
Kay Norwood of Charlotte, a retired executive from Wells Fargo’s Evergreen Investments, also mentored the students in past years.
Appalachian offers a B.S.B.A. with a major in finance and banking.






The Walker College of Business is home to about two dozen students clubs. Many focus on majors, others specific careers. All provide benefits to students, both in networking and exploring potential careers. Almost all of the clubs will be seeking new members during the 2012 Business Club Expo this Thursday, Feb. 2, from 10 a.m. to 4 p.m. on the second floor of Raley Hall. It is open to all students, both COB majors and non-COB majors.
The American dream (today) is alive and well, but not because you want it. You're going to have to work for your piece of the dream.
A Watauga County native, Thomas earned a Bachelor of Science in communication from Appalachian’s College of Fine and Applied Arts. She was an active member of the Chi Omega sorority and Pi Sigma Epsilon business fraternity while a student.
Walton Conway, owner of the 