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CFA Society Netherlands > Research Challenge

 CFA Institute Research Challenge

The CFA Institute Research Challenge is an equity research competition among student teams from the world’s top university business and finance programs. CFA Society Netherlands introduced the Challenge to the Netherlands as a means to promote best practices in research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.

In 2010 the Challenge was expanded to include Belgium and in 2013 Luxembourg was added to create the Benelux region CFA Institute Research Challenge!

Introduction to the challenge - View the two-minute Flash video about the Research Challenge

 How is the Challenge organized?

Upon invitation from CFA Society Netherlands, local universities assemble teams of 3 to 5 persons each. Under guidance of a mentor, students write an equity research report on a publicly traded company, and present their findings to a distinguished panel of experts.

The teams are judged on their written reports and the accompanying presentations and a winner is selected. Every member of the winning team receives a CFA scholarship, whilst the team receives a €1000 check. Furthermore, the winner will advance to the EMEA and possibly even Research Challenge Finals. Throughout the competition, CFA Society Netherlands investment professionals volunteer as mentors and judges and teach these students best practices in equity research and corporate analysis.

The 2013/2014 program will run as below:

  • 10 October 2013: Kick-off
  • 1st week of November:  Company visit
  • 10 January 2014:  Deadline for report
  • 30 January 2014:  Semi-finals
  • 12 February 2014  Finals
  • 1st and 2nd April 2014:  Regional Finals (Milan)
  • 25 April 2014:  Global finals (Bangkok)

To view summaries of past Research Challenges.

  • Report 2013; winning team Belgian/Dutch finals
  • Report 2012; winning team Belgian/Dutch finals
  • Report 2011; winning team Belgian/Dutch finals
  • Report 2010; winning team Dutch finals
  • Report 2009; winning team Dutch finals

For more information please contact


 Supporters of the Research Challenge

CFA Society Netherlands is pleased to welcome as a Benelux Sponsor of the CFA Institute Research Challenge:


And supporters of the CFA Institute Research Challenge:




Tilburg University wins the 2012 local finals


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