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"Tell me and I'll forget; show me and I may remember; involve me and I'll understand." - Chinese Proverb 


 About CFA Institute Research Challenge

The CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world’s top finance programs. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.

 How it works

Together society leaders and local universities assemble university teams of 3-5 students each. Teams are mentored by industry professionals in writing an equity research report on a publicly traded company. The teams present their findings to a distinguished panel of experts.


 Challenge Components

  • Analysis of a Public Company
    Teams research a publicly traded company. Company management presents to the teams and participates in a Q&A session.
  • Mentoring By a Professional Research Analyst
    Each team works with an investment professional, who mentors the team on research process and reviews and critiques its report.
  • Writing a Research Report
    Each team produces an initiation of coverage report on its chosen company. The report is reviewed and scored by a group of judges.
  • Presentation of Research to a High-Profile Panel of Experts
    Teams present their research to a panel of experts from top financial institutions. The team with the highest combined report and presentation score is the winner.
  • Advancement to the CFA Institute Global Challenge
    The winners of local competitions advance to compete against teams within their geographic region, culminating in a global finale competition.


  • Universities:
    Showcase your university on a global scale; provide students with practical training and exposure to top industry professionals
  • Mentors and Panelists:
    Promote best practices in research to the next generation; give back tot he investment professional in a high-impact, time-compressed manner
  • Sponsors:
    Show active promotion of industry best practices, professional excellence, and the highest ethical standards. Gain worldwide exposure and brand recognition.