--- title: Five Dordt students win state financial analyst research challenge date: 2024-03-18T09:35:00-05:00 author: Sarah Moss canonical_url: "https://www.dordt.edu/news/five-dordt-students-win-state-financial-analyst-research-challenge" section: News --- [ View Dordt News](https://www.dordt.edu/news) [Academics](https://www.dordt.edu/news?category=academics) [Business](https://www.dordt.edu/news?category=business) Mar 18, 2024 # Five Dordt students win state financial analyst research challenge Five Dordt University finance students recently won the state of Iowa’s local section of the Certified Financial Analyst (CFA) Institute Research Challenge. They competed against 9 other teams, including University of Iowa, Iowa State University, University of Northern Iowa, and Grinnell College. ![](https://d3evso2dxyohou.cloudfront.net/generalUploads/2023-24/2024-03-15_002081.jpg?mode=crop&pos=center-center&w=66&h=57&f=webp&c=8e5c598f&v=8769e2a5e5ca6c701c924ed095e846ceffd6a0e798a70662df13e4627efb77b0) ![]()Five Dordt University finance students recently won the state of Iowa’s local section of the [Certified Financial Analyst (CFA) Institute Research Challenge.](https://www.cfainstitute.org/societies/challenge) They competed against 9 other teams, including University of Iowa, Iowa State University, University of Northern Iowa, and Grinnell College. All teams had to present buy recommendations for [John Deere](https://www.deere.com/en/index.html) at an in-person competition in Cedar Rapids, Iowa. “Our judges were very impressed by all of the times, and the competition was fierce,” states [CFA Society Iowa](https://www.linkedin.com/company/cfa-society-iowa/posts/?feedView=all), who judged the competition. “Ultimately, the team from Dordt University was declared the winner!” The Dordt students who participated in the CFA Institute Research Challenge include: - Hunter Coyle, senior business finance and computer science major - Taeden Van Beek, senior business information systems and finance major - Daniel Draaistra, senior accounting and business finance major - Joshua Rathjen, senior actuarial science and business finance major - Luke Rankin, senior business finance major Assistant Professor of Business Administration Dr. Jesse Veenstra served as faculty advisor for the team. ![](https://d3evso2dxyohou.cloudfront.net/generalUploads/2023-24/1708612419959.jpg?mode=fit&pos=center-center&w=57&h=65&c=bf53028a&v=b62ba272e1381567c7b6be9e59abfe88b960eb1da2679a4f78789cebd0ced625) Work began in October, when the team began preparing an analysis of John Deere, which would ultimately result in a written report and a presentation. Coyle, who also serves as president of [Defender Capital Management](https://www.defendercapitalmanagement.com/), says that they were provided with a competition rubric that included sections like company overview, description, risk, competitive landscape, financial analysis, valuation and investment, and more. “Since this was Dordt’s first year participating in the Research Challenge, we didn’t know what to expect as far as competition,” he says. “Due to the sheer size of some of the larger schools like Iowa State or University of Iowa, we figured that they would have students who were really dedicated to doing well.” Coyle and his teammates committed to spending as many hours as they could diving into the research and getting to know John Deere. The group put together a 10-page analysis report and a PowerPoint presentation, both of which they had to present in a quick 10 minutes. “Before leaving, the team did several practice runs of the presentation, and they ran through it many times during our 4.5 hour drive,” says Veenstra. And the hard work paid off; the Dordt team moved on to a Midwest sub-regional competition, with hopes of making it to nationals in New York City. “It was fun to see how we stack up against large and well-respected universities,” says Veenstra. “It shows that our students are well prepared for careers in finance. Plus, the challenge was structured like what CFA’s do daily. Dordt students experienced how difficult yet rewarding the process of analyzing companies really can be.” Coyle was thrilled to have been part of this experience, in part because it helped put what he’d learned in the classroom to work. “We also were paired up with a CFA mentor—that is, someone who has their CFA designation. We were able to learn from them, show them our research, and get their thoughts on how we could improve our understanding and knowledge.” “The team represented Dordt University extremely well,” adds Veenstra. “Several industry professionals commented to me afterward how impressed they were with the Dordt team. This is great for these students as they enter the workforce, but also for future students to come. Showing how intelligent, motivated, and skilled our students are positively influences the perception of Dordt in the industry. I look forward to more Dordt teams in the future competing in this competition.” **About Dordt University** As an institution of higher education committed to the Reformed Christian perspective, Dordt University equips students, faculty, alumni, and the broader community to work toward Christ-centered renewal in all aspects of contemporary life. Located in Sioux Center, Iowa, Dordt is a comprehensive university named to the best college lists by U.S. News and World Report, the Wall Street Journal, Times Higher Education, Forbes.com, Washington Monthly, and Princeton Review. --- [Previous Article ![](https://d3evso2dxyohou.cloudfront.net/generalUploads/2023-24/kathleenvantol-1.jpg?mode=crop&pos=center-center&w=56&h=33&f=webp&c=6e2e2dc6&v=dd3deda566a415d0cd50d9c816cdc7e71d6f8db7c5a8f03595496ffda90fd01c) Education Mar 19, 2024 ## Dordt education professor makes significant impact at Tesoros de Dios Dr. Kathleen VanTol, professor of education and director of the Special Education Program at Dordt University, has been making a difference at a school in Managua, Nicaragua, dedicated to providing education and vocational training for students with special needs. Read More ](https://www.dordt.edu/news/dordt-education-professor-makes-significant-impact-at-tesoros-de-dios) [Next Article ![](https://d3evso2dxyohou.cloudfront.net/generalUploads/2023-24/cherrydeck-MtHiQ8NCIoM-unsplash.jpg?mode=crop&pos=center-center&w=56&h=33&f=webp&c=1210aa67&v=cc7ee47d6913b16d3afd04f058529f7840a4ae3e99e20ec149d4e45e21366964) Academics Mar 15, 2024 ## Dordt’s MSW ranked a top program by Forbes Advisor Forbes Advisor has ranked Dordt University’s Master of Social Work (MSW) as a top program on its list of “Best Master of Social Work Online Programs of 2024.” Read More ](https://www.dordt.edu/news/dordts-msw-program-ranked-a-top-program-by-forbes-advisor) [ ![]() ## View All Dordt News View News ](https://www.dordt.edu/news) Aug 19 General #### [International Student Orientation ](https://www.dordt.edu/events/international-student-orientation-2026-08-19) Aug 20 General #### [International Student Orientation ](https://www.dordt.edu/events/international-student-orientation-2026-08-20) Aug 20 Athletics Men's Soccer #### [8/20 8:00 PM Dordt University Men's Soccer at Carroll - Nelson Stadium ](https://www.dordt.edu/events/8-22-100-pm-dordt-university-mens-soccer-at-carroll) ![A picture of campus behind yellow prairie flowers](https://d3evso2dxyohou.cloudfront.net/generalUploads/2021-22/Buildings-and-Campus/2021-09-23_001574-1.jpg?mode=crop&pos=center-center&w=50&h=50&f=webp&c=3d670641&v=d2bdb7cbdc83e5be46d3a10afe8a1214a0e770536697eb0ddbe29e017d2e9577) <![CDATA[YII-BLOCK-BODY-END]]>