The next generation of investment professionals is ready to take on the challenge!
CFA Society Finland officially launched the local 2026–2027 CFA Institute Research Challenge on 4 November, bringing together talented university students for another exciting season of equity research, financial analysis and professional development.
This year, we are delighted to welcome teams from eight universities across Finland and Estonia:
Aalto University School of Business
Hanken School of Business
JAMK University
LUT University
Tallinn University of Technology
University of Eastern Finland
University of Turku
University of Vaasa
Terveystalo Oyj Announced as This Year's Subject Company
We are pleased to announce Terveystalo Oyj as the subject company for this year's competition. As one of Finland's leading healthcare service providers, Terveystalo offers students an interesting opportunity to explore the healthcare sector from an investment perspective.
At the kick-off event, we had the pleasure of welcoming Juuso Pajunen, CFO, and Siri Markkula, Director, Investor Relations, from Terveystalo. Juuso provided a comprehensive introduction to the company, offering students valuable insights as they prepare to begin their research and valuation work. A warm thank you to both for joining us!
Valuable Support from Industry Professionals and Data Providers
We are also delighted to continue our collaboration with our excellent data providers, Quartr and FactSet, whose platforms offer students valuable tools and resources for their equity research.
A special thank you to Adam Thelander and Emil Persson from Quartr, and Markus Olsson and Henrik Emanuelsson from FactSet, for introducing their respective platforms during the kick-off event.
An important part of the Research Challenge is the opportunity for students to learn directly from experienced investment professionals. Each participating team is assigned a dedicated industry mentor who provides guidance and advice throughout the research process. We sincerely thank all our volunteer mentors for sharing their expertise and supporting the next generation of investment talent.
The Research Begins!
With the kick-off now behind us, the teams will begin their work on comprehensive equity research reports on Terveystalo, applying their analytical skills to evaluate the company's business, financial performance and investment potential.
The CFA Institute Research Challenge provides students with a unique opportunity to gain hands-on experience in equity analysis, develop their presentation and teamwork skills, and connect with professionals in the investment industry. The competition will ultimately culminate in the global final in May 2027.
Finally, a big thank you to the CFA Society Finland Research Challenge organizing team — Alexander Matyushkin, CFA, Tuomas Hillukkala, CFA, Tapio Koivu, CFA, Aleksi Jalava, CFA, and Mirva Peltoniemi, CFA — for their dedication and efforts in making this competition possible.
We wish all participating teams the very best of luck and look forward to following their progress throughout the competition!
