CFA Institute Research Challenge

The CFA Institute Research Challenge is an equity research competition among student teams from the world’s top university business and finance programs. Students write an equity research report on a publicly-traded company and present their findings to an expert panel. The teams are judged and a winner selected based on their written reports and presentations.  Throughout the competition, leading investment professionals volunteer as mentors and judges, and teach the students the best practices in equity research and corporate analysis

Source: CFA Society Switzerland


2 April

Our team participated in the EMEA Subregional rounds. Only 14 teams from across Europe, the Middle East, and Africa took part in this round.

Congratulations to our students, we are incredibly proud of you!

See more:


15 February - Swiss Final - 1st place!

Five MScF students, representing the University of Neuchâtel, won the final of the prestigious CFA Institute Research Challenge 2023/2024 in Switzerland in Zurich. Congratulations for their great achievement!

See more: 


Left to right: Cristina Morari, Polina Zhukhovskaya, Constantin Stici, Ilinca Grumeza and Sergio Lopez

Source photo: Carole Fleischmann


3 May - Global Final

At the final, the University of Sydney won the CFA Global Champion Award. There was no ranking for the rest of the teams.
Nevertheless, we are very proud of our team from the University of Neuchâtel! They did a terrific job! Only 6 teams participated in the final (among more than 1100+ universities that participated this year). Participating was already an incredible achievement. 

See more:


Left to right: Dr Eelco Fiole, Tutkunaz Yapici, Sofiya Pugachyova and Prof. Carolina Salva

Source photo: CFA Insitute



13-14 April - EMEA Regional Final

Our team was awarded the title of EMEA Regional Champion and advanced to the Global Final which took place in Washington DC on 3 May at the CFA Institute conference "Asset and Risk Allocation, Building Resilient Portfolios for the Future".

Congratulations to Firas, Tutkunaz and Sofiya.

See more:

EMEA final bandeau.jpg

Source photo: CFA Society Switzerland


6 April - EMEA Subregional Final

Our team advanced to the EMEA Regional Final.  

See more:


16 February- Swiss Final

Four MScF students took part in the prestigious CFA Institute Research Challenge 2022/2023 in Switzerland Final in Zurich and came second. Congratulations for their outstanding performance!

See more: 


Left to right: Firas Yakhlef, Tutkunaz Yapici, Sofiya Pugachyova and Martin Grünenfelder

Source photo: CFA Society Switzerland


21 February - Swiss Final


Left to right: Sidita Hasa (Teaching Assistant), Antonius van Eersel, Polina Efremenko and Nikolay Pugachyov

Source photo: CFA Society Switzerland


22 February - Swiss Final

CFA 2018 Team UniNE 485x200.jpg

Left to right: Loïc Buri, Giulio Bertolini, Riccardo Mancini and Jeremy Rigolet

Source photo: Carole Fleischmann


23 February - Swiss Final

  • As of 2017, rankings are no longer disclosed

CFA 2017 Team UniNE

Left to right: Youssef Kallel, Mario Mihajlov, Yuliya Tsilyk, Gaurav Singh and Petr Nikiforov

Source photo: Carole Fleischmann


25 February - Swiss Final

  •  2nd Overall


Left to right: Mathias Gfeller, Nils Hodel, Quentin Jacot, Thibaut de Coulon and Dario Dias Nunes

Source photo: Carole Fleischmann


25 February - Swiss Final

  • 2nd for Presentation
  • 3rd for Report


Left to right: Damien Jaquet, Erwin Näscher, Thibaud Romet, Karine Patron and Adrien Voltolini

Source photo: Carole Fleischmann


26 February - Swiss Final

  • 1st for Best Presentation
  • 2nd Overall


Left to right: Alex Marc, Head of Equities, Merrill Lynch Switzerland, Anastasiia Medianovska, Johan Barbezat, David Wehrli, Lorena Zini and Prof. Peter Fiechter

Source photo: Carole Fleischmann