View source for Organization: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.<ref>{{cite web |last1=Barber |first1=Joel |title=Intercollegiate Case CompetitionsThe CFA Institute Research Challenge |url=https://business.fiu.edu/students/case-competitions/cfa-institute-research-challenge.cfm |website=FIU Business |publisher=Florida International University |accessdate=4 August 2019 |language=en}}</ref><ref>{{cite news |title=Waterloo Students Demonstrate Financial Savviness at CFA Institute Research Challenge Local Competition |url=https://markets.businessinsider.com/news/stocks/waterloo-students-demonstrate-financial-savviness-at-cfa-institute-research-challenge-local-competition-1016597557 |accessdate=4 August 2019 |work=Markets Insider |publisher=Insider Inc. |date=21 February 2018 |language=en}}</ref><ref>{{cite news |title=Millsaps business students take top honors at challenge |url=https://www.northsidesun.com/news-breaking-news-schools/millsaps-business-students-take-top-honors-challenge#sthash.E3pHBekr.dpbs |accessdate=7 July 2019 |work=The Northside Sun |language=en}}</ref><ref>{{cite news |title=Bloomberg for Education and CFA Institute Launch CFAPRO Database |url=https://markets.businessinsider.com/news/stocks/bloomberg-for-education-and-cfa-institute-launch-cfapro-database-1014560908 |accessdate=7 July 2019 |agency=Bloomberg |work=Markets Insider |language=en}}</ref><ref>{{cite news |last1=Comtois |first1=James |title=CFA Institute crowns 2 teams at its Americas regional |url=https://www.pionline.com/article/20180402/PRINT/180409997/cfa-institute-crowns-2-teams-at-its-americas-regional |accessdate=7 July 2019 |work=Pionline.com |publisher=Crain Communications |date=April 2, 2018 |language=en}}</ref> 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.<ref>{{cite news |title=How CFA Research Challenge Preps Next Generation of Financial Analysts |url=https://www.bnnbloomberg.ca/investing/video/how-cfa-research-challenge-preps-next-generation-of-financial-analysts~1666871 |accessdate=4 August 2019 |work=Bloomberg |publisher=Bell Media |date=24 April 2018 |language=en}}</ref><ref>{{cite web |title=Research Challenge |url=https://www.cfainstitute.org/societies/challenge |website=CFA Institute |publisher=CFA Institute |accessdate=6 July 2019 |language=en}}</ref> The competition is split by 3 geographical regions, Asia Pacific, [[Finance:Europe, the Middle East and Africa|EMEA]], and the [[Earth:Americas|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.<ref>{{cite web |title=Big Challenge, Big Opportunity |url=https://www.cfainstitute.org/-/media/documents/factsheet/rc-factsheet.ashx |work=CFA Institute |accessdate=6 July 2019 |language=en}}</ref><ref>{{cite news |title=Ateneo students win 2019 CFA Institute Research Challenge Global Finals |url=https://www.rappler.com/bulletin-board/229663-ateneo-wins-2019-cfa-institute-research-challenge-global-finals |accessdate=7 July 2019 |work=Rappler |date=May 4, 2019 |language=en}}</ref><ref>{{cite news |last1=Azhar |first1=Nour |title=CFA Research Challenge: 'Future guardians' off to Seoul |url=https://www.investmentmagazine.com.au/2017/10/cfa-research-challenge-future-guardians-off-to-seoul/ |accessdate=7 July 2019 |work=Investment Magazine |date=October 30, 2017 |language=en}}</ref>

For 2019, more than 6,100 students from over 1,150 universities from 95 countries participated in the competition.<ref>{{cite web |title=Big Challenge, Big Opportunity |url=https://www.cfainstitute.org/-/media/documents/factsheet/rc-factsheet.ashx |work=CFA Institute |accessdate=6 July 2019 |language=en}}</ref><ref>{{cite news |title=Bloomberg for Education and CFA Institute Launch CFAPRO Database |url=https://www.marketwatch.com/press-release/bloomberg-for-education-and-cfa-institute-launch-cfapro-database-2018-01-30 |accessdate=4 August 2019 |work=MarketWatch |publisher=MarketWatch, Inc. |date=30 January 2018 |language=en}}</ref><ref>{{cite web |title=businesswire |url=https://www.businesswire.com/news/home/20200406005061/en/PGIM-supports-career-development-CFA-Institute-Global |website=PGIM supports career development with CFA Institute Global Research Challenge sponsorship |publisher=Business Wire, Inc. |accessdate=14 July 2020}}</ref>

==Team Compositions==
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.<ref>{{cite web |title=CFA Institute Research Challenge Official Rules |url=https://www.cfainstitute.org/-/media/documents/support/research-challenge/challenge/research-challenge-official-rules.ashx |work=CFA Institute |accessdate=28 November 2019 |language=en}}</ref>

==Results==
{| class="wikitable"
|-
! Year !! Global Final Champion {{Gold1}} !! Americas Regional Final Champion {{Silver2}} !! Asia Pacific Regional Final Champion {{Silver2}} !! EMEA Regional Final Champion {{Silver2}}
|-
| 2007 || {{flagicon|USA}} [[Organization:Babson College|Babson College]] || {{flagicon|USA}} [[Organization:Babson College|Babson College]]<br/>{{flagicon|USA}} [[Organization:Rice University|Rice University]]<br/>{{flagicon|USA}} Seton Hall University || {{Flagicon|Hong Kong}} Chinese University of Hong Kong || N/A
|-
| 2008 || {{flagicon|Hong Kong}} Hong Kong Baptist University ||  {{flagicon|USA}} [[Organization:University of Houston|University of Houston]]<br/>{{flagicon|Canada}} [[Organization:University of New Brunswick|University of New Brunswick]]|| {{flagicon|Hong Kong}} Hong Kong Baptist University || {{flagicon|Spain}} Charles III University of Madrid
|-
| 2009 || {{flagicon|Singapore}} Nanyang Technological University || {{flagicon|USA}} [[Organization:Yale University|Yale University]]<br/>{{flagicon|Brazil}} Fundação Getulio Vargas || {{flagicon|Singapore}} Nanyang Technological University || {{flagicon|Ireland}} University College Cork
|-
| 2010 || {{flagicon|Philippines}} University of the Philippines Diliman || {{flagicon|USA}} [[Organization:Brigham Young University|Brigham Young University]]<br/>{{flagicon|USA}} Fordham University || {{flagicon|Philippines}} University of the Philippines Diliman  || {{flagicon|South Africa}} University of Cape Town
|-
| 2011 || {{flagicon|Italy}} Polytechnic University of Milan || {{flagicon|USA}} [[Organization:University of Southern California|University of Southern California]]<br/>{{flagicon|USA}} [[Organization:Rutgers University|Rutgers University]] || {{Flagicon|Thailand}} [[Organization:Thammasat University|Thammasat University]] || {{flagicon|Italy}} Polytechnic University of Milan
|-
| 2012 || {{Flagicon|Thailand}} [[Organization:Thammasat University|Thammasat University]] || {{flagicon|USA}} [[Organization:Illinois Institute of Technology|Illinois Institute of Technology]]<br/>{{flagicon|USA}} [[Organization:Rutgers University|Rutgers University]] || {{Flagicon|Thailand}} [[Organization:Thammasat University|Thammasat University]] || {{flagicon|Sweden}} [[Organization:Stockholm School of Economics|Stockholm School of Economics]]
|-
| 2013 || {{Flagicon|Poland}} Wroclaw University of Economics || {{flagicon|USA}} [[Organization:University of Nevada, Las Vegas|University of Nevada, Las Vegas]]<br/>{{flagicon|USA}} Fordham University || {{Flagicon|India}} Narsee Monjee Institute of Management Studies || {{Flagicon|Poland}} Wroclaw University of Economics 
|-
| 2014 || {{Flagicon|Philippines}} University of the Philippines Diliman || {{flagicon|USA}} [[Organization:University of Missouri|University of Missouri]]||{{Flagicon|Philippines}} University of the Philippines Diliman || {{flagicon|Italy}} Polytechnic University of Milan
|-
| 2015 || {{Flagicon|USA}} Canisius College || {{flagicon|USA}} Canisius College<br/>{{flagicon|USA}} [[Organization:University of Florida|University of Florida]] || {{Flagicon|Philippines}} Ateneo de Manila University || {{flagicon|Ukraine}} [[Organization:Kyiv National Economic University|Kyiv National Economic University]]
|-
| 2016 || {{Flagicon|Canada}} University of Waterloo || {{Flagicon|Canada}} University of Waterloo<br/>{{flagicon|USA}} [[Organization:University of Georgia|University of Georgia]] || {{Flagicon|Philippines}} Ateneo de Manila University || {{flagicon|Italy}} Polytechnic University of Milan
|-
| 2017 || {{Flagicon|Dominican Republic}} Barna Business School ||  {{Flagicon|Dominican Republic}} Barna Business School<br/>{{flagicon|USA}} Seton Hall University || {{Flagicon|Singapore}} Singapore Management University || {{flagicon|Norway}} BI Norwegian Business School
|-
| 2018 || {{Flagicon|Switzerland}} [[Organization:University of Lausanne|University of Lausanne]] || {{flagicon|USA}} [[Organization:Jacksonville University|Jacksonville University]]<br/>{{flagicon|USA}} [[Organization:University of Minnesota Duluth|University of Minnesota Duluth]] || {{Flagicon|Malaysia}} Sunway University || {{flagicon|Norway}} BI Norwegian Business School<br/>{{Flagicon|Switzerland}} [[Organization:University of Lausanne|University of Lausanne]]
|-
| 2019 || {{Flagicon|Philippines}} Ateneo de Manila University || {{flagicon|USA}} Canisius College<br/>{{flagicon|Mexico}} Instituto Tecnológico Autónomo de México || {{Flagicon|Philippines}} Ateneo de Manila University  || {{flagicon|Russia}} Moscow State University<br/>{{Flagicon|Switzerland}} [[Organization:University of Lausanne|University of Lausanne]]
|-
| 2020 || {{Flagicon|Australia}} University of Sydney || {{flagicon|USA}} Seton Hall University<br/>{{flagicon|Brazil}} Universidade de São Paulo || {{Flagicon|Australia}} University of Sydney || {{flagicon|Norway}} BI Norwegian Business School<br/>{{Flagicon|Switzerland}} [[Organization:University of Lausanne|University of Lausanne]]
|-
| 2021 || {{Flagicon|Norway}} BI Norwegian Business School || {{flagicon|Canada}} University of Waterloo<br/>{{flagicon|USA}} [[Organization:Appalachian State University|Appalachian State University]] || {{Flagicon|Australia}} University of Sydney || {{flagicon|Norway}} BI Norwegian Business School<br/>{{flagicon|Germany}}WHU – Otto Beisheim School of Management
|-
| 2022 || {{Flagicon|USA}} [[Organization:Northern Illinois University|Northern Illinois University]] || {{flagicon|Canada}} University of British Columbia<br/>{{flagicon|USA}} [[Organization:Northern Illinois University|Northern Illinois University]] || {{Flagicon|Australia}} University of Sydney || {{flagicon|Spain}}IE Business School<br/>{{flagicon|Italy}} Polytechnic University of Milan
|-
| 2023 || {{Flagicon|Australia}} University of Sydney || {{flagicon|USA}} [[Organization:California Polytechnic State University|California Polytechnic State University]]<br/>{{flagicon|USA}} [[Organization:California State University, Fullerton|California State University, Fullerton]] || {{Flagicon|Indonesia}} [[Organization:University of Indonesia|University of Indonesia]]<br/>{{Flagicon|Australia}} University of Sydney || {{flagicon|Italy}} Polytechnic University of Milan<br/>{{flagicon|Switzerland}}University of Neuchatel
|-
|}
* Americas Region Final Champions include New York Regional Final Champions (defunct category after 2013).<ref>{{cite web |title=Past Research Challenge Champions |url=https://www.cfainstitute.org/en/societies/challenge/past-champions |work=CFA Institute |accessdate=7 July 2019 |language=en}}</ref>

==Ranking==
{| class="wikitable" style="text-align: center;"
|+Winning Teams
!Rank
!Country
!{{Gold1}} Global Champion
!{{Silver2}} Regional Finalist
|-
|'''1'''
|align="left"|{{USA}} 
|3
|26
|-
|'''2'''
|align="left"|{{PHL}} 
|3
|5
|-
|'''3'''
|align="left"|{{AUS}} 
|2
|4
|-
|'''4'''
|align="left"|{{ITA}}
|1
|5
|-
|'''5'''
|align="left"|{{CAN}}<br/>{{NOR}}<br/>{{CHE}}
|1
|4
|-
|'''6'''
|align="left"|{{HKG}}<br/>{{SGP}}<br/>{{THA}}
|1
|2
|-
|'''7'''
|align="left"|{{DOM}}<br/>{{POL}}
|1
|1
|-
|'''8'''
|align="left"|{{BRA}}<br/>{{ESP}}
|0
|2
|-
|'''9'''
|align="left"|{{GER}}<br/>{{IND}}<br/>{{IDN}}<br/>{{IRL}}<br/>{{MYS}}<br/>{{MEX}}<br/>{{RUS}}<br/>{{ZAF}}<br/>{{SWE}}<br/>{{UKR}}
|0
|1
|-
|}

==See also==
* CFA Institute
* Chartered Financial Analyst
* [[Finance:Certificate in Investment Performance Measurement|Certificate in Investment Performance Measurement]]

==References==
{{reflist}}

==External links==


[[Category:Business education]]


{{Sourceattribution|CFA Institute Research Challenge}}