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.[1][2][3][4][5] 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.[6][7] The competition is split by 3 geographical regions, Asia Pacific, EMEA, and the Americas. Both undergraduate 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.[8][9][10]

For 2019, more than 6,100 students from over 1,150 universities from 95 countries participated in the competition.[11][12][13]

Team Compositions

edit

Teams are 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.[14]

Results

edit
Year Global Final Champion   Americas Regional Final Champion   Asia Pacific Regional Final Champion   EMEA Regional Final Champion  
2007   Babson College   Babson College
  Rice University
  Seton Hall University
  Chinese University of Hong Kong N/A
2008   Hong Kong Baptist University   University of Houston
  University of New Brunswick
  Hong Kong Baptist University   Charles III University of Madrid
2009   Nanyang Technological University   Yale University
  Fundação Getulio Vargas
  Nanyang Technological University   University College Cork
2010   University of the Philippines Diliman   Brigham Young University
  Fordham University
  University of the Philippines Diliman   University of Cape Town
2011   Polytechnic University of Milan   University of Southern California
  Rutgers University
  Thammasat University   Polytechnic University of Milan
2012   Thammasat University   Illinois Institute of Technology
  Rutgers University
  Thammasat University   Stockholm School of Economics
2013   Wroclaw University of Economics   University of Nevada, Las Vegas
  Fordham University
  Narsee Monjee Institute of Management Studies   Wroclaw University of Economics
2014   University of the Philippines Diliman   University of Missouri   University of the Philippines Diliman   Polytechnic University of Milan
2015   Canisius College   Canisius College
  University of Florida
  Ateneo de Manila University   Kyiv National Economic University
2016   University of Waterloo   University of Waterloo
  University of Georgia
  Ateneo de Manila University   Polytechnic University of Milan
2017   Barna Business School   Barna Business School
  Seton Hall University
  Singapore Management University   BI Norwegian Business School
2018   University of Lausanne   Jacksonville University
  University of Minnesota Duluth
  Sunway University   BI Norwegian Business School
  University of Lausanne
2019   Ateneo de Manila University   Canisius College
  Instituto Tecnológico Autónomo de México
  Ateneo de Manila University   Moscow State University
  University of Lausanne
2020   University of Sydney   Seton Hall University
  Universidade de São Paulo
  University of Sydney   BI Norwegian Business School
  University of Lausanne
2021   BI Norwegian Business School   University of Waterloo
  Appalachian State University
  University of Sydney   BI Norwegian Business School
 WHU – Otto Beisheim School of Management
2022   Northern Illinois University   University of British Columbia
  Northern Illinois University
  University of Sydney  IE Business School
  Polytechnic University of Milan
2023   University of Sydney   California Polytechnic State University
  California State University, Fullerton
  University of Indonesia
  University of Sydney
  Polytechnic University of Milan
 University of Neuchatel
2024   University of Waterloo   University of Waterloo
  Fundação Getulio Vargas
  Australian National University
  University of the Philippines Diliman
  Qatar University
  WHU – Otto Beisheim School of Management
  • Americas Region Final Champions include New York Regional Final Champions (defunct category after 2013).[15]

Ranking

edit
Winning Teams
Rank Country   Global Champion   Regional Finalist
1   United States 3 26
2   Philippines 3 6
3   Australia
  Canada
2 5
4   Italy 1 5
5   Norway
  Switzerland
1 4
6   Hong Kong
  Singapore
  Thailand
1 2
7   Dominican Republic
  Poland
1 1
8   Brazil 0 3
9   Germany
  Spain
0 2
10   India
  Indonesia
  Ireland
  Malaysia
  Mexico
  Qatar
  Russia
  South Africa
  Sweden
  Ukraine
0 1

See also

edit

References

edit
  1. ^ Barber, Joel. "Intercollegiate Case CompetitionsThe CFA Institute Research Challenge". FIU Business. Florida International University. Retrieved 4 August 2019.
  2. ^ "Waterloo Students Demonstrate Financial Savviness at CFA Institute Research Challenge Local Competition". Markets Insider. Insider Inc. 21 February 2018. Retrieved 4 August 2019.
  3. ^ "Millsaps business students take top honors at challenge". The Northside Sun. Retrieved 7 July 2019.
  4. ^ "Bloomberg for Education and CFA Institute Launch CFAPRO Database". Markets Insider. Bloomberg. Retrieved 7 July 2019.
  5. ^ Comtois, James (April 2, 2018). "CFA Institute crowns 2 teams at its Americas regional". Pionline.com. Crain Communications. Retrieved 7 July 2019.
  6. ^ "How CFA Research Challenge Preps Next Generation of Financial Analysts". Bloomberg. Bell Media. 24 April 2018. Retrieved 4 August 2019.
  7. ^ "Research Challenge". CFA Institute. CFA Institute. Retrieved 6 July 2019.
  8. ^ "Big Challenge, Big Opportunity". CFA Institute. Retrieved 6 July 2019.
  9. ^ "Ateneo students win 2019 CFA Institute Research Challenge Global Finals". Rappler. May 4, 2019. Retrieved 7 July 2019.
  10. ^ Azhar, Nour (October 30, 2017). "CFA Research Challenge: 'Future guardians' off to Seoul". Investment Magazine. Retrieved 7 July 2019.
  11. ^ "Big Challenge, Big Opportunity". CFA Institute. Retrieved 6 July 2019.
  12. ^ "Bloomberg for Education and CFA Institute Launch CFAPRO Database". MarketWatch. MarketWatch, Inc. 30 January 2018. Retrieved 4 August 2019.
  13. ^ "businesswire". PGIM supports career development with CFA Institute Global Research Challenge sponsorship. Business Wire, Inc. Retrieved 14 July 2020.
  14. ^ "CFA Institute Research Challenge Official Rules". CFA Institute. Retrieved 28 November 2019.
  15. ^ "Past Research Challenge Champions". CFA Institute. Retrieved 7 July 2019.
edit