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

Is YOUR University Up to the Challenge?

Who? CFA Society East Tennessee and CFA Society Nashville host the Greater Tennessee Research Challenge.

What? The annual CFA Institute Research Challenge is a global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly-traded company, and then write a research report on their assigned company with a buy, sell, or hold recommendation.

Why? The Contest gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for a real-world competition. The Contest's goal is to promote best practices in equity research and company analysis. Students research, analyze, and report on a company as if they are practicing analysts. Additionally, all participants are introduced to and held to the standard of the CFA Institute Code of Ethics and Standards of Professional Conduct.

When? The contest begins in September. Mentors meet with the students several times between September and January. The local champion is determined in February at the local competition and advances to regional competitions held in April.

How? Each CFA city host launches an Investment Research Challenge in conjunction with a participating university. The universities assemble teams of business and finance students who work directly with a company in researching and preparing a company analysis. Mentors with equity analysis experience will be assigned to each team to help the students. Each team submits a research report on a specified company and later does a final presentation in front of a judge's panel consisting of high-profile CFA Society members.

For more details, contact:
Society Manager at [email protected]

Are you up for the Challenge?

Is your school interested in participating?  If so, please reach out to us.

Contact Us

2023-2024 Participating Schools

  • Belmont University
  • Covenant College
  • East Tennessee State University
  • Lipscomb University
  • Middle Tennessee State University
  • Sewanee - The University of the South 
  • Southern Adventist University
  • University of Evansville
  • University of Tennessee - Chattanooga
  • University of Tennessee - Knoxville