Research Challenge

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 Institute Research Challenge local Mexico

CFA Society Mexico organizes local competition since 2009.
Universities from all the country can participate, includes bachelor or postgraduate students or mix of both.

Past competitions

Year	Total Universities	Winner Team	Company	Advance
2009	6	ITAM	ALSEA
2010	8	UNAM	BIMBO	Regional Semi-finalist
2011	11	Tec Mty SF	MEXICHEM	First round
2012	12	Tec Mty CM	LIVERPOOL	Second round
2013	13	Tec Mty SF	SPORTS WORLD	Regional Finalist
2014	14	UP Guadalajara	FEMSA	First round
2015	19	Tec Mty CM	IENOVA	Second round
2016	15	Tec Mty CM	PEÑOLES	Second round
2017	14	Tec Mty Qro	CEMEX	First round
2018	19	ITAM	CUERVO	Regional Winner
2019	22	ITAM	GAP	First round
2020	23	UDEM	BANORTE	First round
2021	25	Tec Mty Gdl. & Anáhuac Sur	VESTA	Semifinal Regional Round
2022	18	ITAM	Grupo Mexico	Semifinal Regional Round
2023	23	Iberoamericana	Grupo BMV	Subsemifinal Regional Round
2024	22	UDLAP	Fibra Monterrey	Subsemifinal Regional Round
2025	17	Tec Mty CDMX	Grupo LaComer	Semifinal Regional Round
2026	16		Grupo Bimbo

CFA Institute Research Challenge Mexico 2026

CFA Society Mexico is proud to announce that the 18th edition of the CFA Institute Research Challenge Mexico is already open, and we welcome to the 16 participating teams.

CFA Society Mexico announces that the company to be analyzed this year is Grupo Bimbo, we appreciate your support that made this event possible.

The kickoff and Grupo Bimbo presentation will take place virtually on September 17 at 10:00 a.m.; participating teams have already received connection details via email.

We also thank our official sponsor, S&P Global Market Intelligence, for confirming their support for the 2026–2027 competition.