Updated: Tuesday, September 29th, 2009

Teams of students from 22 nationwide top business schools got firsthand experience in the challenges that come with conducting international business last week.

Chrysler held its 14th annual National Student Case Competition during the annual convention of the National Black MBA Association last week.

The contest required teams of business students from across the country to analyze a hypothetical business case. Teams devised business solutions for the case and presented their recommendations to a panel of business executives.

Teams were evaluated based on their analysis of the case, the feasibility of their suggestions and the caliber of their presentations.

A team from the University of Carolina at Chapel Hill received a first-place ranking and $15,000 scholarships. Students from Emory University and Winston Salem State University received second and third place prizes, respectively.

The winning teams "displayed an impressive grasp of global business dynamics," said Lisa J. Wicker, director of talent management, global diversity and leadership development for Chrysler.

Those enrolled in MBA programs may be able to participate in similar competitions that offer valuable prizes while fostering the development of marketable skills. PayScale.com, a research company, says that average salaries for holders of MBA degrees ranged from $73,510 to $171,583 in 2008, depending on the field, position and years of experience.

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