University Relations

The CFA Institute Research Challenge is an annual global equity research 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

The 'Research Challenge' Faculty Advisor assembles the team and guides them throughout the process and acts as the link between the local host(s) and the student team.

Each team either selects or is assigned an industry mentor who helps them throughout the competition.

The written research reports are submitted to CFA Society Toronto and graded by local industry practitioners. 

A panel of professional, investment judges score the teams’ 10-minute presentation and 10-minute question and answer session.

The top 4 scoring teams advance to the final round of the local competition.

The winning team of the local competition advances to the CFA Institute Research Challenge Sub-regional competition. The winner from each regional competition will advance to the CFA Institute Research Challenge global competition, where one team will emerge as global champion.

Register Your Team

A faculty advisor from your university chooses and organizes a team (3-5 members) for the local level. A maximum of 2 teams per university campus is permitted to compete. Students must attend at least 80% of their classes at the particular campus to represent that campus.  For the Research Challenge, students must be enrolled as a full or part-time student by the registration deadline date.

Faculty advisors, if you have any questions about registering your team, or if you're a student and you need assistance finding a faculty member to sponsor your team, please click here.

Registration is now closed.

Thank you to our Local Research Challenge Sponsor

Kaplan Schweser logo

Refresh your understanding of the technical knowledge needed to make it through each round, and give your team a competitive edge with our expert tips on public speaking and effective teamwork.

Access free Kaplan Schweser Resources today

CFA Society Toronto aims to create meaningful partnerships with local universities, colleges, and their programs through its outreach, ambassador, and sponsorship programs.

Learn more about our various university relations initiatives