Global Investment Research ChallengeWhere opportunity favors the prepared mind…

The Purpose

Teach best and ethical practices in equity research through a real-world experience to the next generation of investment professionals.

What is it?

• Worldwide Intercollegiate Competition between teams of students.

• Students compete on:

1. Sell-Side Research Report of a publicly traded company

2. Professional presentation to an expert panel of judges

Key Components

Mentoring by an industry professional

Interview company

management

Write a sell side equity

research report

Present to a panel of expert

judges

Perform corporate analysis

Form team of 3-5

students

Sample Report

2011 Tournament Diagram

75 LOCAL SOCIETY INVESTMENT RESEARCH CHALLENGES

16 Teams

Asia PacificRegional

14 Teams

EMEARegional

45 Teams

AmericasRegional

16 Teams

New YorkRegional

Global IRC Finals

2011 Timeline

Asia-Pacific Regional Final22 February 2011, Bali, Indonesia

EMEA Regional Final3 March 2011, Madrid, Spain

Americas Regional Final7 April 2011, Omaha, Nebraska

5th Annual Global Challenge Final8 April 2011, Omaha, Nebraska

Media Exposure

Benefits

• Learn best practices in research and report writing

• Real-life learning experience as a Sell-Side Equity Analyst

• Gain access and exposure to leading industry professionals

• Professional report and experience can be featured on resume/CV and on job interviews

• Experience presenting to top financial professionals

• Individual and team prizes

• Opportunity for travel (all expenses paid)

• Potential for media exposure (local, national, and global)

• Join a network of over 2500 students and 1000 volunteers worldwide

The Student Experience

• “Candid feedback from mentors, graders, and judges helped me to understand the industry”

• “It was a thrill to open the NYSE!”

• “It was an honor to win US$10,000 for my university”

• Understanding : “opportunity favors the prepared mind”

• “My sell-side research report opened doors to a fantastic internship”

• “I was offered a job in the investment industry where jobs are difficult to find.”

Student Testimonial

“I found the IRC to be an invaluable, real-life prep for job interviews. I interviewed with an equity research firm while working on the report and the interviewers were amazed at my level of exposure as a student. I was extended an offer, based without a doubt, on my participation in the Global IRC. I highly recommend the Investment Research Challenge to students who are interested in a career in finance.”

– Steve Catera, Rutgers University, 2009 Global IRC Participant

Global Investment Research ChallengeDeveloping the next generation of investment professionals

For information on the Global IRC:

• Website:www.globalinvestmentresearchchallenge.org

• Email:irc@cfainstitute.org