All Students/Faculty Advisors are advised to strictly adhere to following guidelines. For Questions, Please email firstname.lastname@example.org
Important Disclosure regarding Conflict of Interest
- All participants in the CFA Institute Research Challenge, including Hosts, Teams, Team Members, Mentors, Faculty Advisors, Judges and Graders have an obligation to avoid actual or potential conflicts of interest with their participation. A conflict of interest may exist when a participant or a participant’s family member or close friend is involved in activities that may impact the participant’s ability to perform their role fairly and impartially. A conflict may be actual or perceived. To avoid any actual or perceived conflicts of interest, each participant must disclose to CFA Institute in writing any potential conflicts, including but not limited to any ownership interest in the Subject Company and any close personal or professional relationships with employees at the Subject Company. Judges and Graders must further disclose any close personal or professional relationship with Team Members, Mentors or Faculty Advisors
- The faculty advisor serves as not only the primary advisor to the student teams, but also runs the team selection process and serves as the primary university contact with the society hosting the local level of the CFA Institute Research Challeng
- Teams that have done well in past Challenges have been teams that have received a strong degree of involvement and support from the university’s faculty and administration.
- Total faculty involvement with the student teams in an advisory capacity must not exceed 10 hours prior to submission of the students’ written reports. Logistical work such as arranging meeting space, etc., for the team does not count toward the 10 hours. Faculty advisors may spend an additional 3 hours for each local, regional or global final (presentation) in which the team participates.
- The written reports are a key component of the team’s scoring. Many societies use the written report scores as a means to select the finalist teams who present to the panel of judges. In addition, the research performed by the students in preparing the report serves as the basis of their oral presentations. The 10 hours should be dedicated to mentoring the team on their research and written reports. Faculty advisors will be given an additional 3 hours to advise their teams on their presentations.
- Students are preparing the reports and presentations from the perspective of a sell-side analyst. They can read existing research on the company, but all analysis should be their own. They cannot cut and paste analysis from another source into their written reports or presentations. The data sources for all tables, graphs, etc. must be cited.
- Students must follow the format of the report template exactly, and will be penalized by graders for failure to do so.
- Faculty advisors should advise students on their research methods and analysis, but cannot perform any research or write any portion of the report.
- Faculty advisors may not contact the subject company, or any of its affiliates, distributors, suppliers or competitors within the context of the challenge, with the exception of supervising student contacts.
- Students will also be paired with an industry professional as a mentor, whose primary responsibility is to instill a “real-world” industry perspective into the students’ theoretical knowledge base, not to teach students how to construct a DCF model or perform other fundamental analysis. The faculty advisor should ensure that students have a firm grasp of the basic analytical techniques necessary for this project.
- There are three levels of the Challenge: local, regional, and global. Faculty advisors will be allowed to work with the teams for an additional 3 hours for each level of competition the teams achieve.
- Part of the presentation scoring is Team Involvement in the presentation and Q&A. Teams that have all of their members present and answer questions tend to make a better impression on the panel of judges and score better overall, not just in this category.