NMSU Finance Management Association shines in competition

April 20, 2011 by Christine Pixley, NMSU News Center

NMSU's FMA Chapter members at the FMA Finance Leaders’ Conference in New York. Top Row: Dongcao (Martin) Wu, Russell Stockton, Jing Gao, Elijah King, Ashley Flores, Stephen Chemistruck. Bottom Row: Blaine Baggao, Patrick Waggoner. (Submitted photo)

The Finance Management Association chapter at New Mexico State University represented their alma mater exceptionally at their first FMA Finance Leaders’ Conference and Competition, getting fifth place overall in the competition.

This is the first time NMSU’s FMA chapter has participated in this competition, which is part of the FMA Finance Leaders Conference, which is held every spring in New York City.

“The members of the club decided to re-charter to a more relevant, international organization where we could network and compete with chapters across the nation,” said Patrick Waggoner, president of FMA, “this was our first year competing.”

The NMSU chapter competed against 35 teams from 50 chapters from across the country, getting fifth place overall to land in the top 15 percent and beating teams from top universities like Arizona State University, California State University-Fresno, Florida State University, and of course, UTEP and UNM. “We have come a long way since our days as a small finance club,” Waggoner said, “I’m very proud of the dedication and professionalism these students provide to the club and university.”

Attending the conference at The New Yorker Hotel, from left to right: Russell Stockton, Jing Gao, Ashley Flores, Blaine Baggao, Stephen Chemistruck, Elijah King, and Dongcao Wu (Submitted photo)

The members of the winning NMSU team were: MBA student Jing Gao and Senior Finance Students Dongcao (Martin) Wu and Blaine Baggao. The competition consists of a 25-question test that the teams must work together to solve. The participants spent several months preparing for the match.

NMSU’s local FMA chapter is part of the Financial Management Association, an international organization dedicated to developing and disseminating knowledge about financial decision making. Locally, the FMA is dedicated to connecting students with guest speakers comprised of various business leaders and professionals as well as providing a friendly environment for students.

“Being a member of FMA is a great opportunity to become part of an organization that has the ability to travel and compete as well as network with professionals and fellow students,” said Waggoner, “I hope our chapter grows and is able to stay relevant and professional each semester.”

Membership is open to any student, graduate or undergraduate, that has an interest in finance. The club meets every other Tuesday at 6:30 p.m. every meeting features relevant business professionals as special guest speakers.

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