CFA Institute Research Challenge hosted by the CFA Society Chicago 2016-2017

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 4,000 students from over 865 universities, 99 CFA Local Level Challenges, and 137 local hosts in 70 countries and territories with more than 2,500 dedicated volunteers participated in the 2015-2016 CFA Institute Research Challenge.

Click here for details on how the Research Challenge works.

Click here for event details.

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



2016 - 2017 CFA Society Chicago Local Level Winner

IIT Team  

Participating Universities

As of September 20, 2016:

  • Benedictine University
  • Illinois Institute of Technology
  • Loyola University
  • Northeastern Illinois University
  • Northern Illinois University
  • University of Chicago
  • University of Chicago Booth School of Business
  • University of Illinois Urbana-Champaign
  • Valparaiso University


Feature Company

Teams of three to five students representing each school will focus their equity research on McDonald's, the world's leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local business men and women.

Schedule of Events

The CFA Society Chicago Challenge spans October 2016 through February 2017 and consists of the following components:

  • CFA Chicago Research Challenge Kick-Off Webinar (October 7, 2016)
  • CFA Chicago to officially announce Feature Company (October 7, 2016)
  • CFA Chicago to assign each team an industry mentor (October 7, 2016)
  • Mentoring by a professional Research Analyst (6 hours between October 7, 2016 - January 12, 2017)
  • Teams finalized and registered with CFA Chicago and CFA Institute (October 21, 2016)
  • Student and Faculty Advisor registration deadline for Feature Company Presentation (October 26, 2016)
  • Feature Company Presentation (October 28, 2016)
  • Equity Research Report due to CFA Chicago (January 12, 2017)
  • Advancing Teams Announced (January 25, 2017)
  • CFA Chicago Local Level Competition (February 3, 2017)
  • Americas Regionals in Seattle, WA (April 6-7, 2017)
  • Global Final in Prague, Czech Republic (April 28, 2017)

Universities competing at the Local Level Final on Friday, February 3, 2017:

  • Aurora University
  • Illinois Institute of Technology
  • Loyola University
  • Northeastern Illinois University
  • Northern Illinois University
  • University of Illinois Urbana-Champaign


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