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The team from the Higher School of Economics (Moscow) will represent Russia in the CFA Institute Research Challenge 2016/2017 EMEA regional final

For the third year in a row, the team from the Higher School of Economics, Moscow selected by the Banking Institute became a finalist of the CFA Institute Research Challenge 2016/2017 local final and will participate in the CFA IRC 2016/2017 EMEA regional final in Prague this April


The Russian final of the annual international financial and investment competition held by the CFA Institute, USA - CFA Institute Research Challenge took place at the Moscow Exchange (MoEx) on March 14. 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.

After five long months of hard work and preparation, six teams competed at the 2016-2017 CFA Institute Research Challenge local final. Six best teams from five universities made it to the Russian final based on the scores of their financial reports on this year’s subject company – the Moscow Exchange (MoEx). Five finalists represented Moscow universities – 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.

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, so two winning teams will represent Russia in the Research Challenge EMEA regional final scheduled for April 26-27 in Prague.