CFA Institute Research Challenge

The Research Challenge gives students all around the world the chance to learn best practices in equity research through hands-on mentoring and intensive training in company analysis. Last year’s competition featured more than 5,000 students from more than 900 universities worldwide.

Teams will compete against teams from other Quebec universities and will have the opportunity to :

  • Analyze a public company
  • Be mentored by investment management professionals
  • Write an equity research report
  • Present their research to a high-profile panel of experts
  • Advance to Regional and Global levels of competition if they win the local challenge

Link to the CFA Institute

How it works

1

The university representative registered with the Research Challenge forms a team or teams and works with the selected students throughout the competition period.

2

Each team is assigned a mentor from the Montreal financial industry. The mentor provides support to the team for the duration of the competition.

3

LOCAL COMPETITION: The teams’ written research reports are submitted to CFA Montréal and graded by local professionals.

4

LOCAL FINALS: A panel of experts from top financial institutions critiques each team’s 10-minute presentation, followed by a 10-minute Q&A. The winning team moves on to the regional quarter finals for Canada.

5

REGIONAL QUARTER FINALS: The four teams that earn the highest score at the regional quarter finals advance to represent Canada at the semifinals for the Americas.

6

SEMIFINALS FOR THE AMERICAS: All the selected teams compete to represent the Americas at the global finals. Two teams move on to the finals for the Americas and the CFA Institute Research Challenge global finals.

7

FINALS FOR THE AMERICAS AND GLOBAL FINALS: The winners of the global finals are named the 2023 Research Challenge World Champions.

Important dates for the 2022–2023 season: 

Deadline for team registrations

October 21, 2022

KICKOFF OF THE 2022–2023 SEASON AND UNVEILING OF THE SUBJECT COMPANY

November 23, 2022 1 p.m.– 4:30 p.m.
Location TBD.

Attendance mandatory for participants.

Q/A WITH THE SUBJECT COMPANY AND WORKSHOP ON HOW TO PREPARE THE WRITTEN REPORT

January 13, 2023 Noon to 2 p.m.
Location TBD

Deadline for the written report

January 30, 2023 before 5:00 PM

Local finals and cocktail reception

February 15, 2023 2 p.m.– 4:30 p.m
Location TBD.

(hosted by CFA Montréal in cooperation with CFA Québec)

REGIONAL QUARTER FINALS — DEADLINE FOR SUBMITTING THE VIDEO PRESENTATION

March 19, 2023 3 p.m.
Location TBD.

SEMIFINALS FOR THE AMERICAS

April 13, 2023

FINALS FOR THE AMERICAS AND GLOBAL FINALS

May 22, 2023

Winners from the past three years

2021-2022

MATTON, Charles-Olivier

HINSE, Mathieu

AMYOT, Maxime

PÉLLETIER, Maya

BENOIT, Olivier

2020-2021

CHEN, Bruce

LUO, Haiwen

WIACEK, Neil

WU, Audrey

YU, Andy

2019-2020

LAFLÈCHE, Pier-Olivier

ARSENAULT, Olivier

KANTHASAMY, Sai

McEWEN, Mitch

CFA Montréal: Contacts

denise.nimara@cfamontreal.org
Denise Nimara
Research Challenge Coordinator
Danielle.filistin@desjardins.com
Danielle Filistin, CFA, PRM
CFA Institute Research Challenge Host & Chair of University Relations Committee

Universities : Contacts

HEC
Valeri Sokolovski
valeri.sokolovski@hec.ca
Polytechnique de Montréal
Robert Normand
normandr@cirano.qc.ca
Université de Laval
Christian Boutet
Christian.Boutet@fsa.ulaval.ca