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CNBC’s “MILLION DOLLAR PORTFOLIO CHALLENGE MBA FACE-OFF”

MBA students from Carnegie Mellon, Cornell, Georgetown, Ohio State, University of Chicago, University of Michigan, University of Notre Dame & University of Texas Austin to compete for prizes and bragging rights in a nine-week, fantasy stock and currency trading competition

ENGLEWOOD CLIFFS, N.J., September 19, 2011— Today, as trading officially begins in CNBC’s “Million Dollar Portfolio Challenge,” students from eight of the nation’s top business schools will embark on their own unique competition. The “MBA Face-Off” will pit teams of ten from each school against each other as they test their trading prowess managing a $1 million “CNBC Bucks” stock & currency portfolio.

Each of the registered students in the “MBA Face-Off” will use their virtual million dollars to fictionally trade stocks and exchange traded funds on the New York Stock Exchange, NASDAQ Marketplace, American Stock Exchange, London Stock Exchange and Australia Securities Exchange as well as currencies in real-time.

Schools competing in the “MBA Face-Off” include:

-Georgetown University, McDonough School of Business (http://msb.georgetown.edu/)

-Mendoza College of Business, University of Notre Dame (http://business.nd.edu/)

-Samuel Curtis Johnson Graduate School of Management, Cornell University (http://www.johnson.cornell.edu/)

-The University of Michigan Ross School of Business (http://www.bus.umich.edu/)

-Tepper School of Business at Carnegie Mellon University (http://www.tepper.cmu.edu/index.aspx)

-The Ohio State University and Fisher College of Business (http://fisher.osu.edu/ftmba/)

-The University of Chicago Booth School of Business (http://www.chicagobooth.edu/)

-The University of Texas at Austin McCombs School of Business (http://www.mccombs.utexas.edu/)

Profiles of participating students as well as their respective blogs about their trading strategies are available at milliondollar.cnbc.com. Once a week, a team from one of the participating schools will appear on CNBC to discuss their performance and how they plan to win it all.

Trading officially ends on Friday, November 18 at 4:00 p.m. ET. The team with the highest average portfolio balance at the end of the “MBA Face-Off” will claim bragging rights and each team member will win an iPad 2.

Students who are eligible may also compete in the “Million Dollar Portfolio Challenge” for the chance to win the grand prize of $1 million. Complete rules can be found at http://milliondollar.cnbc.com.

Follow the “Million Dollar Portfolio Challenge” and the “MBA Face-Off” on both Twitter at @cnbcMDPC (hashtags: #MBAFaceOff; #Ifihadamilliondollars; #portfoliochallenge) and Facebook at http://facebook.com/cnbcmilliondollarportfoliochallenge.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD+, CNBC is the recognized world leader in business news providing real-time data, analysis and information to more than 390 million homes worldwide. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m.- 8:00 p.m.) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC.com and CNBC Mobile Web (mobile.cnbc.com) offer real-time stock quotes, charts, analysis and both on-demand and live streaming video.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/