Research Challenge

Screenshot_2023-01-13_at_4_34_50_PM.png

CFA Institute Research Challenge

The CFA Institute Research Challenge is an annual global competition that connects university students with investment professionals from within the CFA Society® network. The competition provides students with hands-on mentoring and intensive training in financial analysis and ethics and tests participants' analytical, valuation, reporting writing, and presentation skills.

Members of our society, along with a faculty advisor and an industry mentor, work with teams of students to value a stock, write a research report, and present their recommendations. Teams then compete with peers from other schools at local-level competitions organized and judged by CFA Society members and volunteers. The winning university team(s) from each local competition then advances to see who will become the sub-regional, regional, and global champions. 

Learn more and read FAQs See the schedule and get involved

CFA Institute Research Challenge local Mexico

CFA Society Mexico organizes local competition since 2009.
Universities from all the country can participate, includes bachelor or postgraduate students or mix of both.

Past competitions

Year

Total Universities

Winner Team

Company

Advance

2009

6

ITAM

ALSEA

2010

8

UNAM

BIMBO

Regional Semi-finalist

2011

11

Tec Mty SF

MEXICHEM

First round

2012

12

Tec Mty CM

LIVERPOOL

Second round 

2013

13 

Tec Mty SF

SPORTS WORLD

Regional Finalist

2014

14

UP Guadalajara

FEMSA

First round

2015

19

Tec Mty CM

IENOVA

Second round

2016

15

Tec Mty CM

PEÑOLES

Second round

2017

14

Tec Mty Qro

CEMEX

First round

2018

19

ITAM

CUERVO

Regional Winner

2019

22

ITAM

GAP

First round

2020

23

UDEM

BANORTE

First round

2021

25

Tec Mty Gdl. &

Anáhuac Sur

VESTA

Semifinal Regional Round

2022

18

ITAM

Grupo Mexico

Regional Regional Round

2023

23

Iberoamericana

Grupo BMV

 2024

 22

 UDLAP

 Fibra Monterrey

CFA Institute Research Challenge Mexico 2024

Students from UDLAP won CFA Institute Research Challenge Mexico 2024
The team made up of 5 students from the Banking and Investments Bachelor’s degree at the Universidad de las Américas Puebla was the winner in the final of the CFA Institute Research Challenge 2024-2025, organized by CFA Society Mexico.
Every year, students from Mexican universities are invited to participate in the local competition of the CFA Institute Research Challenge. Teams wrote a report that develop an investment thesis on a company listed on the stock market from a fundamental analysis perspective. The company analyzed is assigned by CFA Society Mexico and this year it was Fibra Monterrey.
In this edition, a little more than 100 students from 22 universities, from 9 states of Mexico, participated. The teams made up of between 3 and 5 students prepared their reports within a period of 10 weeks and were subsequently rated by a group of volunteer evaluators. The five finalist universities were: Tecnológico de Monterrey campus Monterrey, Universidad de las Américas Puebla, Universidad de Monterrey and Universidad La Salle.
On December 10th, the finalist teams made an executive presentation in english and answered a series of questions from a group of judges with extensive experience in financial matters at a local and international level: Cecilia Jiménez, Vanessa Quiroga, CFA, Eduardo Motta and Carlos Ponce Bustos. The final took place in the auditorium of the Mexican Stock Exchange (Bolsa Mexicana de Valores).
The students from Universidad de las Américas Puebla won first place and will represent CFA Society Mexico in the subregional competition, against other Latin American countries, in April 2025.
CFA Society Mexico thank all the participating teams, professors, mentors, graders, judges, S&P GMI and Fibra Monterrey for their invaluable support and participation.
Congratulations Triana, Venedig, José Manuel, Juan Francisco and Rubén!

Important dates:

September 18th Kick Off - Presentation of Fibra Monterrey

November 8th Dealine for teams to send reports

November 22th Announcement of Finalists

December 10th Final presentations

Company to be analized

Universities 

  1. Anáhuac Norte
  2. Anáhuac Sur
  3. Iberoamericana 
  4. IPN-ESE
  5. ITAM
  6. La Salle
  7. Tec CDMX
  8. Tec Chihuahua
  9. Tec Guadalajara
  10. Tec Hidalgo
  11. Tec León
  12. Tec Monterrey
  13. Tec Puebla
  14. Tec Querétaro
  15. Tec Santa Fe
  16. Tec San Luis Potosi
  17. Univ. Autónoma de Aguascalientes 
  18. UDEM
  19. UDLAP
  20. UNAM
  21. Univ. Panamericana CMX
  22. Univ. Panamericana Campus Cd. UP

Gallery Research Challenge 2024

Gallery Winners Past Competitions