CFA Institute Research Challenge


The CFA Institute Research Challenge is an annual global competition in equity research hosted by the CFA Institute started in 2007. The competition provides university students with hands-on training and mentoring in financial analysis. Students assume the role of a research analyst and are scored based on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations. The competition is split by 3 geographical regions, Asia Pacific, EMEA, and the Americas. Both undergrad and graduate students are eligible to participate. Teams begin in local competitions, from which winners advance to regional competitions. A final competition held in April identifies the winning team at the global level.
For 2019, more than 6,100 students from over 1,150 universities from 95 countries participated in the competition.

Team Compositions

Teams are be sponsored by a university located within the area of the local competition in which the team wishes to compete. Each university may field up to two teams of three to five members.

Results