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​​CFA Institute Research Challenge Hosted by CFA Society Minnesota​

The CFA Institute Research Challenge is an annual, 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. 

Each Research Challenge season leverages the efforts of over 140 CFA member societies, 3,500 member volunteers, and more than 5,000 students from over 1,000 universities.     

The Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for a real world competition.  Additionally, all participants are introduced to and held to the standard of the CFA Institute Code of Ethics and Standards of Professional Conduct.   

CFA Society Minnesota is proud to host the 9th annual local Research Challenge.

2018-2019 Participating Universities
Augustana University (2 teams)
Bethel University
Gustavus Adolphus College
North Dakota State University
University of MN Twin Cities (2 teams)
University of MN Duluth (2 teams)
University of Wisconsin Superior​

Teams advancing to the local finals...
Bethel University
North Dakota State University
University of MN Twin Cities (graduate team)
University of MN Duluth (team 1 & 2)

The Team Advancing to the Regional Finals in New York...
University of Minnesota Duluth, Team 2​

2018-2019 Subject Company: Bio-Techne (TECH)download.png

Bio-Techne Corporation (NASDAQ: TECH) is a leading developer and manufacturer of high quality purified proteins and reagent solutions - notably cytokines and growth factors, antibodies, immunoassays, biologically active small molecule compounds, tissue culture reagents and T-Cell activation technologies. Bio-Techne's portfolio also includes protein analysis solutions, sold under the ProteinSimple brand name, offering researchers efficient and streamlined options for automated western blot and multiplexed ELISA workflow. These reagent and protein analysis solutions are sold to biomedical researchers as well as clinical research laboratories and constitute the Protein Sciences Segment.
Bio-Techne also develops and manufactures diagnostic products including FDA-regulated controls, calibrators, blood gas and clinical chemistry controls and other reagents for OEM and clinical customers. Bio-Techne's genomic tools include advanced tissue-based in-situ hybridization assays (ISH) for research and clinical use, sold under the ACD brand as well as a portfolio of clinical molecular diagnostic oncology assays, including the ExoDx®Prostate(IntelliScore) test (EPI) for prostate cancer diagnosis. These diagnostic and genomic products comprise Bio-Techne's Diagnostics and Genomics Segment.
​Thank you to our 2017-2018
Local Level Sponsor

​​​Volunteer Opportunities

  • ​Industry Mentor: hands-on work with university students
  • Report Grader: review and grade student research reports
  • Presentation Judge: listen to and critique student stock recommendations
Contact Amanda Sullivan at to volunteer​
Schedule of Events

University Teams Form

Kick-off Meeting

​Subject Company Analyst Day

Written Reports Due

Local Finals​
Minneapolis Central Library
Pohlad Hall​

Regionals, New York, NY 

​New York, NY

2018-2019 Minnesota Local Level Champion

University of Minnesota Duluth Team #2

​​Questions? Contact Amanda Sullivan at 

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