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​​UMD Team 1.pdf​​​​​​​​​​​

​​CFA Institute Research Challenge Hosted by CFA Society Minnesota

​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.   

The Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for a real world competition.  Additionally, all participants are introduced to and held to the standard of the CFA Institute Code of Ethics and Standards of Professional Conduct.   

CFA Society Minnesota is proud to host the 8th annual Upper Midwest​ Research Challenge.

2017-2018 ​​Participating Universities (to-date)

  • Augustana University​ (2 teams)
  • Bethel University
  • Minnesota State University Moorhead
  • North Dakota State University
  • University of St. Thomas​
  • Winona State University (2 teams)

2017-2018 Subject Company

The 2017-2018 Research Challenge subject company will be annouced at the kick-off meeting on October 2. This year's competition will be impressive, with numerous teams participating from schools throughout Minnesota, North Dakota, South Dakota and Wisconsin. The local competition involves more than 70 university students and countless volunteers.​

​Thank you to our 2017-2018
Local Level Sponsor

​​​Volunteer Opportunities

  • ​Industry Mentor: hands-on work with university students
  • Report Grader: review and grade student research reports
  • Presentation Judge: listen to and critique student stock recommendations
Contact Diane Senjem at to volunteer​

Schedule of Events

September - University Teams Form

10/02/17 - Kick-off Meeting

TBD - Subject Company Analyst Day

1/12/18​​ - Written Reports Due

2/15/18​ - Local Finals, Thrivent Auditorium, Minneapolis​

3/19/18 - 3/20/18 - Regionals, Boston, MA 

04/20/18 - Global Finals, Seoul, Korea

2016-2017 Minnesota Local Level Champion

University of Minnesota Duluth Team #1

View the winning team's report:
​​Questions? Contact Amanda Sullivan at 

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