After five long months of hard work and preparation, six teams competed at the 2016-2017 CFA Institute Research Challenge local final that took place at the Moscow Exchange (MoEx) on March 14.
Six best teams from five universities made it to the Russian final based on the scores of their financial reports. Five finalists were from Moscow – the Higher School of Economics, New Economic School, the Financial Academy under the Government of the Russian Federation, and two teams from the Moscow State University. The sixth team came from Nizhny Novgorod, representing the Higher School of Economics Nizhny Novgorod campus.
Each team presented their work in front of the panel of judges, comprised of seven financial professionals carefully picked by CFA Russia’s educational committee. Following their presentations, the students had to answer a series of questions coming from the judges.
After two hours of tough competition, the students from the Moscow State University's Economic Faculty emerged as winners with 94 points (out of 100). The team from the Higher School of Economics (Moscow) was runners-up with 92 points.
Now these two winning teams will represent Russia in the Research Challenge EMEA regional final scheduled for April 26-27 in Prague.
This year, CFA Russia had the unprecedented number of universities competing at the local stage. There were 44 teams from 33 universities, including the teams of Belarussian State University and Azerbaijan’s Qafqaz University. Due to such large number of universities registered for the local stage, Russia earned a right to send two teams to the EMEA regional final of the Research Challenge.
The financial analysis of the Moscow Exchange (MoEx), this year’s subject company, gave students a great opportunity to gain valuable experience that would help in their future professional careers. The CFA Institute Research Challenge is a tough competition and participants need to show not only their knowledge of a financial analysis, but also other key professional skills, such as determination, team work, and excellent communication skills.
CFA Russia would like to thank Wiley, Thomson-Reuters, MoEx, and Kaplan Schweser, companies that sponsored and helped to put together the 2016-2017 Research Challenge.