After months of rigorous preparation, the CFA Research Challenge participants have officially concluded the 2024/2025 season on February 23, 2025! There’s no doubt that each year, the participants in the Research Challenge continue to improve, making it increasingly difficult for judges and graders to decide who will advance to the next round. This season the subject company was Rivian (Nasdaq, USA). The number of registered teams was four (Team Synergy, Team Bull&Bear, Team Momentum Minds, and Team IBU), representing four Universities (University of Belgrade, University of Niš, University of Novi Sad and International Balkan University).
The winner of the CFA Society Serbia Research Challenge 2024/2025 is
Team Synergy representing University of Belgrade, Faculty of Economics and Business.
The winner of the CFA Society Serbia Research Challenge 2024/2025
We would like to thank our sponsor KPMG Serbia for supporting our event and providing complementary rewards to all participants. Many thanks as well to representatives of subject company Rivian for being available to students so that the students could smoothly perform company valuation and many thanks to our board member Nataša Đorović Bijanić, CFA for hosting the event.
Nataša Đorović-Bijanić, CFA
The panel of judges and graders, consisting of experts from the industry, evaluated the teams. Without their contribution and devotion, the competition could not be complete. Special thanks to Danijela Mirkov-Arkula, CFA, MSc (Oxon), Nina Milenković, CFA and Ilija Protić, CFA.
CFA Society Serbia Research Challenge 2025/2024 judges.
We would also like to thank to our volunteers who helped in the organization of the CFA Society Serbia Research Challenge 2024/2025 – Ivana Ilić, Dimitrije Kitanović, Miloš Maksović, Stefana Stošić, Luka Stamenović, Marko Simović and Valerija Gajić.