CFA Society Calgary

A Member of the CFA Institute Global Network of Societies

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 CFA Institute Research Challenge

The CFA Institute Research Challenge is a global competition that tests the equity research and valuation, investment report writing, and presentation skills of university students. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring an intensive training in company analysis and presentation skills.

How the Challenge Works

Local CFA Institute volunteers work in conjunction with participating local universities to assemble teams of 3-5 business and finance students. Each team works directly with a mentor to research and prepare an equity research report on a publicly traded company.

Each team's findings are locally evaluated by high-profile panels of heads of research, portfolio managers, and chief investment officers from some of the world's top firms. Local champions advance to regional competitions in the Americas, Asia Pacific, and EMEA, and then to the global final.

Benefits of Participation

Students: Develop your resume/CV through hands-on mentoring and intensive training in company analysis and presentation skills.

Universities: Showcase your university on a global scale and provide your students with practical training and invaluable exposure to top industry professionals.

Mentors and Panelists: Encourage best practices in research within the next generation of investment professionals and help give back to the investment profession in a high-impact manner.

Frequently Asked Questions

Who is eligible to compete?
Both undergraduate and graduate student.

What is the timing of the Challenge?
See the 2018 Schedule of Events on the sidebar for the Canadian Prairies timeline.

How is the Research Challenge different from a "stock-picking" competition?
Students conduct in-depth analysis on a single company and produce a full equity research report. The winning team is chosen based on the thoroughness of its analysis and knowledge of one company rather than whether their predictions of the stock price are correct.

 Student Resources

​​Official Rules​​

Report Front & Back Pages​



2017 Winning Presentation​ - Barna Business School

2016 Winning Research Report - University of Waterloo



Participating Universities:

Mount Royal University
Northern Alberta Institute of Technology (NAIT)
University of Alberta
University of Calgary (2 teams)
University of Lethbridge (2 teams)
University of Manitoba​ (2 teams)
University of Saskatchewan
University of Winnipeg

Sponsors:

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 Local Challenge Information

​Subject Company: 
Stella-Jones Inc. (TSX: SJ)
Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The Company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunications companies with utility poles. Stella-Jones also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products which include marine and foundation pilings, construction timers, wood for bridges and coal tar based products.

2018 Schedule of Events

October 23, 2017
Subject Company Presentation
Conference Call

January 14, 2018
Team Written Report due
11:59 pm

February 9, 2018
Networking Reception
Location TBD, Calgary
5:30 pm - 9:00 pm

February 10, 2018
All events will take place at the
The Westin Hotel, Calgary

Team Breakfast
7:00 am - 8:30 am

Team Presentations - 1st Round
8:30 am - 12:00 p​ m

Lunch
12:00 pm

Final Presentations
1:30 pm - 3:30 pm

Awards Presentation
​​4:00 pm

March 19-20, 2018
Americas Regional Final
Boston, MA, USA

April 20, 2018
Global Final
To be determined


2017 PARTICIPATION
 
5,250+Students
3,500+Volunteers
1,000+Universities
151CFA Member Societies
109CFA Local Level Challenges
81Countries
 
 
Volunteer Opportunities
  • Industry Mentors: hands on work with university students
  • Report Graders: review and grade student research reports
  • Presentation Judges: ​listen to and critique student stock recommendations
Contact Carlene Vohs​ to get involved.