Honourable second place for economics students in the international CFA Institute Research Challenge

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Students from Erasmus School of Economics have successfully competed as finalists in the CFA Institute Research Challenge – Benelux

During the Benelux Finals at Euronext on 20 February 2023, Wiard BriggemanMiquel Franquesa GomezChristopher Axel HimawanRaman K. and Svetlana Menshchikova showed impressive company valuation and presentation skills.

Equity research report on PostNL

They secured an honourable second place with their equity research report on PostNL, close behind the student team of the HEC-Management School of the University of Liege.

Esad Smajlbegovic smiling with a closed smile at the camera
Esad Smajlbegovic
Erasmus School of Economics

'I congratulate Wiard, Miquel, Axel, Raman and Svetlana on this great achievement!'

Esad Smajlbegovic, Associate Professor of Finance at Erasmus School of Economics and academic advisor of the school’s student team, is extremely proud: ‘Erasmus School of Economics has been participating for only three years now and for the first time, our team qualified for the Benelux finals and has taken an excellent 2nd place.

I congratulate Wiard, Miquel, Axel, Raman and Svetlana on this great achievement! I would also like to express my gratitude to Alex Morozov and Heleen de Vlaam, the organisers of the CFA Research Challenge – Benelux, as well as to the students’ industry mentor Sjoerd Rozing for his fantastic support and advice.’

Axel HImawan dressed in a suit and tie smiling at the camera

‘I gained a lot of practical experiences to prepare for my future career in finance’

Commenting on competing in the challenge’ final, Axel Himawan says: ‘From meeting with PostNL’s management team and presenting our work in front of the experts in equity research, I gained a lot of practical experiences to prepare for my future career in finance. It is an honour for me to represent Erasmus School of Economics in such a prestigious competition!’

Axel Himawan, economic student

Team member Miquel Franquesa adds: ‘I think this challenge has provided me with a great opportunity to meet very experienced people in the finance field and work on a project together with other students that really resembles what experts do in practice. I think it is truly something that I recommend to next year students if they are interested in putting into practice their finance knowledge as well as developing many other soft skills that might be important for our future careers.’

About the CFA Institute Research Challenge

The CFA Institute Research Challenge is an equity research competition among student teams from the world's top university business and finance programmes. It offers the best real-life experience for groups of young talents to produce a complete research report on a company and compete with other (international) teams! Ethics, education and professional excellence are core to the competition and it provides participants with the opportunity to showcase technical and soft skills and meet employers.

More information

For more information, please contact Ronald de Groot, Media and Public Relations Officer at Erasmus School of Economics: rdegroot@ese.eur.nl, mobile phone: +31 6 53641 846.

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