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CFA Institute Research Challenge

What It Is

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. Each student will be tested on their analytical, valuation, report writing, and presentation skills. They gain real-world experience as they assume the role of a research analyst. 

How It Works

Local level competitions are organized and judged by CFA Institute society members and volunteers who function as local hosts.

The winning university team from each local competition advances to the sub-regional competition.

The sub-regional, regional, and global competitions are hosted by CFA Institute in the Americas; the Asia Pacific; and the Europe, Middle East, and Africa regions. The winning teams from each sub-regional competition advance to the regional competition. Regional winners advance to the Global Final, where one team emerges as the global champion.

View the sub-region breakdown (PDF)

Get the fact card (PDF)

View the Official Rules (PDF)

Competition Schedule 

University teams begin their activities in the fall, with local competitions occurring throughout the world at various times early in the calendar year.  Sub-regional, regional competitions and the global final are held in March, April, and May.


The Sub-Regional round will take place during the month of March. After all local competitions have completed, local winners will receive specific instructions for recording their sub-regional presentations. Teams advancing from the sub-regionals to the regional semifinals will be announced at the end of March.

Regional Semifinals

8-9 April 2025

Regional Finals

10-11 April 2025

Global Final

Week of 5 May in Chicago, USA

Find out how you can get involved

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