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CFA Societies Texas > Research Challenge Overview

 CFA Institute Research Challenge of the Southwest Overview

****Winners for 2013-2014:  Rice University (1st) with Nicholls State University (2nd)

Rules for the Challenge are posted.  Please review closely. 8 Finalist teams this year competed at TIPS with the two top scoring teams progressing to the Regional competition. Members of the top winning team will be entitled to CFA scholarships.   2014-2015 Southwest US Challenge will begin September 1, 2014!!!!!!


Overview/History of the IRC: In 2006, the CFA Society of Dallas/Fort Worth and the CFA Society of Houston teamed up to launch an exciting new initiative, the Investment Research Challenge-Texas.  In the initial year of the Challenge, student teams from Rice, A&M, TCU and SMU competed with each other on analyzing, writing, and presenting a report recommending a “Buy”, “Sell”, or “Hold” position on a publicly traded company.  The societies assisted in providing education tools; the goal being to provide a value-added real-world application for these students.  The teams were then assigned the company (i.e. the target company) to analyze with access to the CEO and CFO. Teams were given a template to follow in completing their written analysis/report.  All four Texas societies, Austin, Dallas-Fort Worth, Houston and San Antonio provided mentors for the teams, judges or graders. Finalist teams competed before an oral panel made up of leaders in our investment community at the Texas Investment Portfolio Symposium (TIPS).  The winning team went on to compete regionally against other winners hosted by CFA Institute in New York City.

2014 Summary - Out of a total of 24 teams across three states (LA, OK, TX) competing in this year's local CFA Institute Research Challenge, 8 teams competed in the Finals where Rice University won the competition held in conjunction with TIPS (Texas Investment Portfolio Symposium) on February 15, 2014 at Southern Methodist University. Nicholls State University was second.  The CFA Insitute Research Challenge - Southwest U.S., now in its eighth year, is managed and supported by the CFA Societies Texas (Austin, Dallas-Ft. Worth, Houston, and San Antonio) as well as the CFA societies of Louisiana and Oklahoma. As the winners of this year's event, Rice team members are eligible to receive a scholarship for their next CFA exam. The top two winners, Rice and Nicholls State will represent our area at the Americas Regional Final in Denver on March 19th where teams from across the Americas; Canada, U.S., and Latin/South America will compete.         

2014 -  2015 Update - The CFA Research Challenge - Southwest U. S. begins September 2014.  Timelines and up-to-date announcements will be availabe on the website starting July 2014.

From its beginnings eight years ago, the Challenge now involves more than 3,000 students from over 650 of the world’s top universities.  55 countries are represented.  111 societies participate utilizing over 2,000 volunteers.

A very, very special thank you to all the members of the CFA Societies of Texas, Louisiana, and Oklahoma for their assistance in our Southwest U.S. Challenge including the many university liaisons, faculty advisors, instructors, team mentors, graders and judges.  Each of your contributions has made it possible for the local Challenge to become the success it is today!  Volunteers interested in signing up for the 2014 – 2015 competition, please contact Leah Bennett ( or Sharon Criswell ( 

Benefits of the CFA Institute Research Challenge:

  • Students receive real-world training in equity analysis
  • Investment professionals make an impact on the profession
  • Public companies promote education and analyst independence
  • Universities gain global exposure
  • Corporate sponsors reach universities, students, and finance professionals

For additional information on the CFA Institute Research Challenge, please download our Powerpoint presentation.


A sincere thanks to all three of our sponsors, Bloomberg, Kaplan Schweser and FactSet.


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