Kimberly Philips, Ann Shanley

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Kimberly Newman Philips, 23, and Ann Shanley, 26, graduates of the University of Nevada, Reno's masters in business administration program, were among the first nationwide to pass a new MBA exam from the International Certification Institute.

Philips, who also earned a degree in finance at UNR in 2001, and Shanley, who also earned a business administration degree in 1998, were among 304 people representing more than 160 schools who attempted the exam in May.