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Experience-Based Learning
Pitt Business Strategic Initiatives
One of the defining characteristics of business education at Pitt Business is the importance we place on experience-based learning (EBL). Whereas many business schools only mention the importance of experiential learning, we attempt to integrate EBL across our curriculum.
To accomplish this, we use simulations, case competitions, and encourage students to become involved in one of our many Consulting Field Projects (that focuses a cross-disciplinary student team on a real organizational project) or to take on a consulting position (providing market research, business plan review, and financial plan development services to entrepreneurs in a number of different industries) with our Institute for Entrepreneurial Excellence. The culmination of the course is the McKinsey Cup Competition where students teams compete for the coveted McKinsey Cup Trophy.
Research shows that EBL is one of the most powerful teaching approaches because it requires students to apply the theories and knowledge discussed in the classroom to real-world situations. This approach produces the equivalent of a practice field where students drill and develop their skills.
We are proud to announce the opening of our newest EBL space-the financial analysis lab. The 3,000-square-foot lab features a trading room, tote display boards, and a ticker where students can become fully immersed in a realistic Wall Street trading room environment and gain financial trading skills and acumen. Students experience technologically supported classes using the dual high-definition video projectors, complete audio/visual system, and 58 student stations loaded with state-of-the-art tracking and simulation software.
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