Pace University recently achieved a remarkable feat by winning the national College Fed Challenge for the sixth time. This competition, organized by the Federal Reserve, challenges undergraduate teams to analyze economic conditions and propose monetary policies.
This year saw participation from 139 schools across 36 states, making it one of the largest fields ever. The team’s journey began in a highly competitive New York region, where they triumphed over elite institutions like New York University and Columbia University, earning their spot in the national finals.
At the national level, Pace went head-to-head with renowned programs like Harvard and Princeton. In a thrilling finale, Pace secured first place, with Harvard and UCLA taking second and third, respectively.
President Marvin Krislov praised the team’s analytical skills and teamwork, emphasizing how their success reflects Pace’s strong academic programs. The team consisted of students from various economics programs, including Suraj Sharma, Giancarlo Raspanti, and Brooklyn Bynum, who all shared the pride of representing Pace.
Months of preparation focused on researching economic trends, creating presentations, and rigorous Q&As with faculty advisors. Sharma noted that the victory is a testament to the hard work and dedication everyone put in. Bynum highlighted the transformative experience for the team, while Raspanti appreciated the strong camaraderie developed during the challenge.
It’s noteworthy that this year’s team included equal representation of women, continuing Pace’s commitment to fostering female leaders in economics. Faculty coaches Gregory Colman and Mark Weinstock expressed pride in the students’ performance, particularly during the Q&A segment, where they showcased their deep understanding of U.S. economic policies.
The College Fed Challenge is critical for experiential learning at Pace. Alumni from this program often secure internships and positions at prestigious institutions, creating a supportive network for future teams. Recently, John Williams, president of the Federal Reserve Bank of New York, engaged with Pace students, further bridging the gap between academia and industry.
The success of the Pace University team not only highlights their dedication but also mirrors a growing trend in higher education where hands-on learning plays a vital role. Programs that provide real-world experience are increasingly important for students seeking competitive advantages in today’s job market.
In summary, Pace’s victory at the College Fed Challenge exemplifies excellence in economic education, teamwork, and leadership in a changing world.
