Only three other German universities had qualified for the German finals and the feedback for the presentation of the five WHU students has been extremely positive! The students conducted a company analysis of Beiersdorf AG and submitted a written report with a buy recommendation. In the finals, they presented their research results to a jury of industry experts and CFA charter holders. The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. More than 5,000 students from 1,000 universities worldwide participated in this year’s challenge.