Sheridan Financial Planning students recently had an opportunity to test their skills against students from five other colleges at the annual Canadian Institute of Financial Planners (CIFP) Case Challenge Event placing third overall behind Centennial and George Brown College. The Sheridan Faculty of Business team included Steven Hole, Rohan Sharma and Chris Hoeppler with Professor Sidney Liburd and Associate Dean, Rob Giberson.
Hosted by Centennial College in Scarborough, the November CIFP Case Challenge competition included participants from Centennial; Sheridan Institute of Technology and Advanced Learning; George Brown College; Conestoga College Institute of Technology and Advanced Learning; Mohawk College; and Seneca College of Applied Arts and Technology.
“This is a great opportunity to showcase and demonstrate the fine job that these institutions are doing with financial services students,” said Keith Costello, president and CEO of The Canadian Institute of Financial Planning. “It’s a really good indication of where our highly skilled manpower in financial services is going to be coming from in the next 10 to 20 years.”
During the CIFP Case Challenge Event the students are divided into teams of two or three members, a financial case is given to the teams, and they have 90 minutes to craft a plan for that case. The teams each have 20 minutes to present their plans to a panel. The panel asks follow-up questions about the plan following the presentation. The teams are marked on the criteria of time management, creativity and presentation skills.
This event marks the second CIFP competition, last year’s competition was held exclusively for Centennial College students. In future, Costello hopes more colleges across the province — and, eventually, the country — will participate in the competition.