The Fast Money MBA Challenge pits eight teams of business school students against each other in a multi-part challenge for the chance to become the Fast Money MBA Challenge Champions. The teams are comprised of four contestants and one or two alternates.

It is a single elimination tournament where the eight teams have been seeded according to their positioning within the 2007 U.S. News & World Report Top Business Schools ranking.

The participating schools are:

Columbia University (Columbia Business School)
Dartmouth College (Tuck School of Business)
MIT (Sloan School of Management)
NYU (Leonard N. Stern School of Business)
UCLA (Anderson School of Management)
University of Chicago (Graduate School of Business)
University of Texas at Austin (McCombs School of Business)
Yale University (Yale School of Management)

The tournament is played out in seven games within the four episodes. It is a traditional bracket format with a qualifying level of four games, a semifinal level of two games and a final level of one game with the winning team sharing a prize of $200,000 to be used for school expenses.

The future of Wall Street is playing to win.

The MBA Challenge takes all your favorite game show elements – speed rounds, head-to-head challenges, a huge prize – and puts the brightest business minds in the country to the test. These MBA students know that The Street is watching. From their knowledge of ticker symbols to their financial trivia prowess, they have one goal: to build their team’s investment portfolio in order to move on to the next round in the hopes of winning the championship.

But this isn’t just any game show. There are twists, upsets, and chances for the contestants to put it all on the line.