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CFA Institute Research Challenge 2021/2022 in Switzerland



Greatness Happens Here


After a very successful 2020/2021 season, with the team from University of Bern representing CFA Society Switzerland at the EMEA Regional Final , we are pleased to officially launch the 2021/2022 season -  the 13th CFA Institute Research Challenge in Switzerland.

The Research Challenge is an annual competition between teams of students in preparing an investment case consisting of a detailed research report and a presentation of a listed Swiss company. The important dates are listed below.

Students will be supported by industry mentors and must present their results in front of a panel of senior investment professionals. The challenge provides students with a unique opportunity to gain first-hand experience in the investment world and to interact intensively with investment professionals and CFA charterholders.

In setting up the challenge, the CFA Society Switzerland is trying to promote best practices in equity research and company analysis. CFA Society Switzerland is a member society of CFA Institute, the largest global association of investment professionals with more than 170,000 members and 157 member societies. CFA Institute awards the CFA Charter, the CIPM designation and runs the Investment Foundations Program. In Switzerland, the society has more than 3,000 investment professionals as members. We are committed to leading the investment profession by setting the highest standards of ethics, education and professional excellence. 


Subject Company


SIG is a leading systems and solution provider for aseptic packaging, headquartered in Neuhausen am Rheinfall, Canton of Schaffhausen. 


Updates from CFA Institute


The Official Rules have been updated for the 2021-2022 season and you can view the explanation of the changes in the Rules Change Overview. Here are some notable changes:

  • Unlimited number of teams per university (with local host approval)

  • Number of teams advancing from the local round is based on total number of participating teams rather than total universities

  • Written report appendix length has been shortened

  • Written report will no longer be scored past the local round of the competition

  • Regional and Global Final Q&A sessions will be increased by five minutes


Important dates

  • Early August 2021: Official announcement of the Research Challenge

  • Mid September 2021: Announcement of the subject company

  • 7 October 2021: Kick-Off (afternoon) in Zurich (in-person)

  • October 2021: Students contact their mentor (confirmation)

  • 20 October 2021, 10:30–12:00, CET: Webinar for students, ESG with Sebastian Wiesel, ESG Data Scientist at J. Safra Sarasin

  • 21 October 2021, 14:00–15:00, CET: Webinar for students with Sven Benz, Brand and Packaging, Lidl 

  • 27 October 2021, 09:00–11:00, CET: Financial Modelling training with Johannes Post, Partner, Deal Advisory and Global Head of Valuation Services, KPMG

  • 5 November 2021, 10:00–11:00, CET: Webinar for students with Jane Muncke, Food Packaging Forum Foundation

  • 16 November 2021, 15:30–17:00, CET (NOTE THE DATE CHANGE): Conference call with a subject company

  • October/November/December 2021: Students work on reports

  • December 2021: Presentations within the university

  • 4 January 2022, 24:00, CET: Report hand in for Swiss semi-finalists 

  • 7-8 February 2022: Presentation Skills Boot camp 

  • 12 February 2022, 24:00, CET: Presentation hand in for semi-finalists

  • 15 February 2022, afternoon: Swiss local semi-finals (Zurich)

  • 16 February 2022, afternoon: Swiss local final and Award Ceremony (Zurich)

  • March and April 2022: Western Europe Sub-Regional round, EMEA Regional Semi-Final, EMEA Regional Final and Global Final 



Student resources

Students - get involved (CFA Institute)

Students - preparation page (CFA Institute)

Past Global Winners’ reports and slides





Participating Universities

CFA Institute Research Challenge Platinum Sponsor

CFA Institute Research Challenge Gold Sponsors

CFA Institute Research Challenge Media Partner


Contact Us

Want to learn more about the Research Challenge? Then get in touch.