The CFA Institute Research Challenge is sponsored by CFA Institute and locally hosted by the CFA Society New York (CFANY). The CFA Institute Research Challenge is an educational initiative in which leading industry professionals teach business and finance students how to research and report on a publicly-traded company. CFANY originated the competition fifteen years ago (as the “Investment Research Challenge”) as a means to promote best practices in research among the next generation of analysts.

The Research Challenge spans one academic year, and consists of the following components:

  • Training in Research and Report Writing: Students receive training by attending CFANY-sponsored seminars on Tools for Analysts, Presentation Skills, Report Writing, and Ethics. Seminar instructors are selected by CFANY.
  • Analysis of a Public Company: Teams research the same public company, selected by CFANY, including a question-and-answer session with company management.
  • Mentoring by a Financial Market Professional who advises and critiques the team’s report.
  • Assessment of Written Reports: A group of volunteer graders selected from CFANY’s membership assess the written research reports.
  • First-Round Presentation to High-Profile Wall Street Experts: All teams present their research to Wall Street experts. The experts choose the “final four” who have the strongest research to present their final report.
  • Final-Four Presentation to a High-Profile Wall Street Experts: The “final four” present their research to a panel of respected Wall Street experts. The winning team is selected based on the combined scores for the written report and the presentation.

Scholarship Application

CFA Society New York is pleased to announce that students who participated in the CFA Research Challenge in the Greater New York region in 2019, may apply to receive scholarship funds from the Heloise Ham fund via the Graham Center. A limited number of scholarships will be awarded. To apply, and for more information about the fund and how to qualify, click the button below.

Participating Universities

Baruch College, CUNY
Binghamton University
College of Staten Island, CUNY
Columbia University
Fairfield College
Fordham University
Hofstra University
Iona College
Ithaca College
Long Island University
Manhattan College
Marist College
Medgar Evers College, CUNY
Molloy College
New Jersey Institute of Technology
New York University
Nyack College
Pace University
Quinnipiac University
Ramapo College
Rensselaer Polytechnic Institute
Rutgers University
Saint Peter’s University
Seton Hall University
St. John’s University
Stevens Institute
Stony Brook University
The College of New Jersey
University at Albany, SUNY
Wagner College

Schedule of Events

Fri. Oct. 26CFA Institute Research Competition Kicks Off at CFA Society New York

Lunch: 12:00 – 12:45 p.m.
Kick-Off Meeting: 12:45– 2:00 p.m.
Seminar topic: TBA, 2:00– 3:00 p.m.

Fri. November 9Deadline to register with CFA Institute (approved students)
Fri. Dec. 8Deadline for CFA Society New York to approve team member substitutions
Thurs. January 10Deadline to register approved substitutes with CFA Institute
Mon. January 14The first draft of Research Report due to Mentors and Faculty Advisors
Thurs. January 24Submit Final Research Report as a PDF to Vanessa Ceballos & Mario Carias
Deadline: 12:00 p.m.
Fri. February 1Presentation from Toastmasters
“How to Make a Killer Presentation” 
Location: CFA Society New York (or online)
Thurs. February 14Submit PDF version of presentations by 10:00 a.m to V[email protected] and [email protected].
Fri. February 15First Round Presentations 
CFA Society New York, 8:30 a.m. – 6:00 p.m., Team’s time slot TBA (approx. 10 days prior)
Fri, March 1CFANY Final Four Competition
Tuesday/Wednesday, April 23-24Americas Regional of competition in New York, NY
Thursday, April 25Global Final Competition in New York, NY

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Volunteer Opportunities

CFA Society New York has over 35 teams participating in this year’s CFA Research Challenge. We are looking for industry mentors, graders, and judges to work with these teams! This is an excellent opportunity to provide guidance, direction, suggestions, and feedback to student teams participating in the challenge – and a great way to gain mentorship experience!

Mentors »

Judges »

Graders »

If you are interested in being a mentor, grader, or judge for the Research Challenge please contact both

Kelley Pierre at [email protected] and Mario Carias at [email protected].