Tuesday, March 9, 2021


An AIM Team Advances in the CFA Challenge for the 11th Time in the Past 13 Years!

MILWAUKEE - March 9, 2021 - Five undergraduates from Marquette University’s Applied Investment Management program have advanced to the Midwestern US sub-regional finals of the Chartered Financial Analyst’s Institute Research Challenge. This is the 11th time in the past 13 years that a Marquette AIM team has advanced beyond the Wisconsin CFA Research Challenge.

Marquette’s Blue team was one of two representing the university at the CFA Research Challenge on February 25, where the team beat out teams from UW-Eau Claire, UW-Whitewater, Milwaukee School of Engineering. Members of the winning team include Sean Dole, Erik Floyd, Nicholas Rohrer, Brook Seifu, and Joseph Vitrano.

Marquette's Blue CFA Research Challenge Team

The Midwestern sub-regional round will be held virtually and take place on March 19. Besides Marquette, the competition includes teams from Central Michigan University, Illinois Institute of Technology, Iowa State University, John Carroll University, Purdue University, University of Dayton, and University of Minnesota-Duluth. Teams advancing from the sub-regionals to the regional semifinals will be announced at the end of March.

The Americas Regional semifinals will be held on April 15, the Americas Regional finals will be held on April 21, and the Global final competition will be held on April 22. The Global round includes the winners from the Americas, Asia-Pacific, and Europe-Middle East-Africa competitions. The CFA Institute will livestream the Americas Final and Global Finals.

"The CFA Institute Research Challenge is a rigorous global competition that tests our students' knowledge and application of investment management principles, ethics and professional standards," said Dr. David Krause, director of the AIM program. "To be among the few teams who are moving on to the sub-regional challenge is an honor for our students, and a testament to their hard work and commitment to the competition and their futures in the investment management profession. I'm very proud of all of our students who are participating in the CFA Challenge. Like past teams, they worked hard and delivered a quality product. I think they can do very well and I’m hopefully we continue to move forward in the competition."

Marquette’s Gold team finished second at the Wisconsin and CFA Research Challenge. Members of the team include Riley Arnold, Kathryn Christian, Haley Gaffner, Adan Jimenez, and Ellie O'Donoghue.


About the CFA Institute Research Challenge

The CFA Institute Research Challenge is a global competition that tests the equity research and valuation, investment report writing, and presentation skills of university students. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. Through the course of the competition, which requires hundreds of hours of preparation, participants receive mentoring from a professional research analyst as they analyze a publicly traded company, write a professional research report, and present their research results and recommendations to a high-profile panel of experts. Points are awarded to teams on the basis of their investment case, their poise, and their ability to answer the judges' questions. The teams are sponsored by local CFA Institute member societies or groups of volunteers, each of which previously hosted country heats of the Challenge. This year because of Covid-19, the challenges are being held virtually. For more information, visit cfainstitute.org.