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CFA Institute Research Challenge Global Platinum Sponsor




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Congratulations to the other teams: Vlerick, Tilburg University and UC Louvain for making it to the final of the Benelux region CFA Institute Research Challenge!

Special thanks to Luxembourg School of Finance for their participation which allowed for Luxembourg to be represented in the challenge for the first time.
Their report graded fifth, so a great success for a first time!

In 2013 Luxembourg joined CFA Society Netherlands and CFA Society Belgium to create the Benelux region CFA Institute Research Challenge!

CFA Institute Research Challenge 2014:

Participating teams:

  • Duisenberg School of Finance
  • University of Amsterdam
  • VU University Amsterdam
  • University of Groningen
  • Maastricht University
  • Erasmus University of Rotterdam
  • Tilburg University
  • Nyenrode Business University
  • Vlerick Leuven Gent Management School
  • University of Liège
  • ICHEC Brussels School of Management
  • UC Louvain
  • University of Luxembourg
  • KU Leuven


  • Frans Jurgens
  • Michael Kretschmer
  • John Elliot


  • 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)

 CFA Institute Research Challenge

The CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world’s top finance programs. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. The challenge gathers students, investment professionals, publicly traded companies and corporate sponsors together locally for a real world competition on a global scale.

What is the Research Challenge?

The Research Challenge is a global Team competition in equity analysis for tomorrow’s best analysts. 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.

Click here to learn more.

View the two-minute Flash video about the Research Challenge

How does the Challenge Work?

• The national CFA society hosts and launches the Research Challenge in conjunction with the participating universities.
• The universities assemble teams of 3-5 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 (one team per school) 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 members of the Swedish investment community.