Research Challenge

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CFA Institute Research Challenge

The CFA Institute Research Challenge is an annual global competition that connects university students with investment professionals from within the CFA Society® network. The competition provides students with hands-on mentoring and intensive training in financial analysis and ethics and tests participants' analytical, valuation, reporting writing, and presentation skills.

Members of our society, along with a faculty advisor and an industry mentor, work with teams of students to value a stock, write a research report, and present their recommendations. Teams then compete with peers from other schools at local-level competitions organized and judged by CFA Society members and volunteers. The winning university team(s) from each local competition then advances to see who will become the sub-regional, regional, and global champions. 

Learn more and read FAQs See the schedule and get involved

CFA Society Serbia Research Challenge 2023/2024

After months of strenuous preparation, CFA Research Challenge participants have finally competed 2023/2024 season on the 25th of February 2024! And without any doubt, Research Challenge participants are getting better and better with every year and judges and graders are not having it easy when they have to decide who will move to the next round. This season the subject company was Krka, from Ljubljana Stock Exchange. The number of registered teams was four (Team Liquidity, Team Catalyst, Team Nifty, and Team Imperare sibi), representing three local Universities (University of Belgrade, University of Niš, and University of Novi Sad).
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CFA Society Serbia Research Challenge 2023/2024
 
The winner of the CFA Society Serbia Research Challenge 2023/2024 is 
Team Liquidity representing University of Belgrade, Faculty of Economics and Business.
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CFA Society Serbia Research Challenge 2023/2024, Winning Team Liquidity
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CFA Society Serbia Research Challenge 2023/2024 Plaque
We would like to thank our sponsor KPMG Serbia for supporting our event and providing complementary rewards to all participants. Many thanks as well to representative of subject company Krka,  Uroš Ožbolt, CFA for being available to students so that the students could smoothly perform company valuation and many thanks to our board member Nataša Đorović Bijanić, CFA for hosting the event.
 
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CFA Society Serbia Research Challenge 2023/2024 Judges
The panel of judges and graders, consisting of experts from the industry, evaluated the teams. Without their contribution and devotion, the competition could not be complete. Special thanks to our judges Danijela Mirkov-Arkula, CFA, MSc (Oxon), Bodin Bulatović, CFA and Vladimir Pavlovic, PhD, CFA, and to the graders, Nina Milenković, CFA,  Ivan Perkov, CFA , Dejan Kokanović, and Zvonimir Petrović, ASA MRICS CEIV.



We would also like to thank to our volunteers who helpd in the organization of the CFA Society Serbia Research Challenge 2023/2024 – Katarina Mitić, Filip Jović, Ivana Ilić and Filipa Mirkov.