Finance students earn 1st place in CFA Challenege

BUFFALO, NY ―For the third consecutive year, a team of Canisius College finance students won first place at the Western New York Chartered Financial Analyst (CFA) Institute Research Challenge.  Hosted this year by Canisius College, the CFA Institute Research Challenge is a competition between university-sponsored teams that research a designated publicly-traded company, prepare a written report on that select company and then present their findings to a panel of judges.  The competition tests the analytic, valuation, reporting writing and presentation skills of university students. 

“This competition provides a tremendous opportunity for students to take the next step, from the classroom to collaborative research and application of their knowledge,” says Richard A. Wall, PhD, professor of economics and finance and interim vice president for academic affairs.  “The students integrate their academic training in a team environment and become polished professionals at the very start of their careers.”

The Canisius team competed against Niagara University, St. Bonaventure University, SUNY Brockport, SUNY Buffalo, SUNY Fredonia, SUNY Geneseo, SUNY Oswego and Syracuse University, for the Western New York title.  Canisius now advances to the North/South Americas Regional Research Challenge, which will be held on March 20-21 in Toronto, Ontario.  The winner of that challenge advances to the global final in London. 

The Canisius team is comprised of students from the Golden Griffin Fund, the college’s first real-money, equity investment fund managed by undergraduate and graduate finance majors. Students develop analytical financial skills during the two-semester finance course taught in the college’s Financial Markets Lab.  The Canisius College team included: Drew Pettit ’13 (team captain), Brandon Carnovale ’14, Drew Jaskowiak ’13, Don Monroe ’13 and Micah Puscheck ’13.  Wall serves as the faculty advisor to the Canisius team.  Jeffrey Viksjo ’06, CFA, senior financial analyst at First Niagara Financial Group, is the team’s industry mentor.  

The Chartered Financial Analyst Institute is a global association for investment professionals. It administers the CFA and Certificate in Investment Performance Measurement (CIPM) curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. The institute has more than 100,000 members, including the world’s 90,000 CFA charter-holders, as well as 135 affiliated professional societies in 58 countries and territories.

One of 28 Jesuit universities in the nation, Canisius is the premier private university in Western New York.