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CFA Institute Research Challenge

An educational initiative that promotes best practices in equity research among the next generation of analysts

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

More than 6,400+ students from over 1000+ universities, 119 CFA Local Level Challenges, and 150+ local hosts in 90 countries and territories with more than 3,000+ dedicated member volunteers will participate in the 2022-2023 CFA Institute Research Challenge

Click here for details on how the Research Challenge works.

CFA Society Chicago is proud to host the local level of the CFA Institute Research Challenge in Chicago.

Schedule of Events

The Research Challenge spans October 2022 through April 2023 and consists of the following components:

CFA Society Chicago Research Challenge Kick-Off WebinarSeptember 23, 2022 – Kickoff Presentation

Financial Valuation Models

Introduction to Company Analysis

Industry & Company Analysis

Financial Analysis Review Grid

Conflicts of Interest Form

October 7, 2022         Steelcase Company Presentation

October 21,2022        Teams Finalized, Students & Faculty Advisors Register with CFA Institute

November 4, 2022     Valuation Expert Webinar – James Valentine, CFA – Professor Finance, Marquette University View Webinar

December 9, 2022     Teams’ Follow Up Questions for Company Due to CFA Society Chicago

January 20, 2023        Teams’ Equity Research Reports Due to CFA Society Chicago by 5:00 p.m.

February 13, 2023      Advancing Teams Announced

March 3, 2023             In-Person Oral Competition

March 2023                 Virtual Sub-Regional Competition

TBD                               Virtual Regional Semifinals

TBD                               Regional /Global Finals

Feature Company: Steelcase

Steelcase is a manufacturer of integrated furniture settings for the workplace, user-centered technologies, and interior architectural products.  The company designs furniture for office settings, including adjustable desks / benches / tables, storage products, ergonomic chairs, collaborative seating systems and cubical structures, and various accessories and related services.  Steelcase was founded in 1912 in Grand Rapids, Michigan, and became a publicly traded company in 1998.  It has nearly 12,000 employees and generated $2.8B in revenue in its most recent fiscal year.- October 7, 2022 – Investor Presentation

Participating Universities

Augustana College
Illinois Institute of Technology
Lake Forest College
Millikin University
Northern Illinois University
Northwestern University
Olivet Nazarene University
Trinity Christian College
University of Illinois Chicago
University of Illinois Springfield
University of Illinois Urbana Champaign

QUESTIONS?

Contact us at info@cfachicago.org

2021 – 2022 CFA Society Chicago Presentations

NIU team members Nolan O’Rear, Nicholas Stone, and Paula Veyhle present at the CFA Institute Research Challenge Global FInals held on May 13, 2022

Winning Team:
Northern Illinois University

Company Presentation:
2021-2022

Research Challenge
Industry Experts

2020 – 2021 CFA Society Chicago Presentations