CFA Society Phoenix

A Member of the CFA Institute Global Network of Societies


 Judging Criteria- CFA Institute Research Challenge



Written Reports

The written research report will comprise 50% of the total score based on the following 100 point criteria.

SectionMaximum Points
Business Description5
Industry Overview & Competitive Positioning15
Investment Summary20
Financial Analysis20
Investment Risks15
Corporate Governance5


Oral Presentation

Each presentation will be comprised of:

  • 10 minutes of presentation by the students.
  • 10 minutes of Q&A by our judging panel. 

The oral presentation will comprise 50% of the total score based on the following 100 point criteria

  • Financial Analysis:
    • How thorough was their analysis of the industry, company, and competitors?
      • Maximum 25 points
  • Valuation
    • Were the valuation methodologies appropriate and detailed?
      • Maximum 25 points
  • Presentation
    • How effective/convincing was their presentation?
    • Was it logical and did the facts support the recommendation?
      • Maximum 20 points
  • Question & Answer
    • Were the students able to answer the questions effectively and with confidence?
      • Maximum 20 points
  • Team Involvement
    • Team involvement in the presentation/questions and answers
      • Maximum 5 points
  • Materials
    • Quality of the slides
      • Maximum 5 points

In the event of a tie, the team with the higher overall oral presentation score will be declared the winner. 

Graders of the written reports are separate from the judging panel for the oral competition.