About the Research Challenge

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students gain real-world experience as they assume the role of a research analyst and are tested on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations.

How it Works

CFA Institute member societies, like CFA Society Boston, and volunteers make this annual competition possible.

Levels of Competition

Students work in teams to research and analyze a publicly traded stock — sometimes even meeting face-to-face with company management. Each team produces an initiation-of-coverage report on their assigned stock with a buy, sell, or hold recommendation and may be asked to present and defend their thesis to a panel of industry veterans.

The winning team from CFA Society Boston competition advances to the Americas regional competition hosted by CFA Institute. 

The winner from the Americas regional competition will advance to the Global Final, where one team will emerge as global champion of the CFA Institute Research Challenge.