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CNID Investment Challenge 2024

Sponsored by CN Investment Division (CNID)

Your opportunity to learn an investment approach decades in the making…
Philosophy of Ownership • Exceptional People • Rigorous Process • Conviction-driven Portfolios

Attention Undergraduate and Graduate Students...

CNID invests to capture a larger share of tomorrow’s economy. Although this may seem like a simple objective, achieving it can be complex as it requires a rigorous and consistent approach over the long term.

This is where we truly stand out from our peers, and we’re excited to share that expertise with you.

The CNID Investment Challenge gives you a unique, real world opportunity to boost your skills as an investment analyst covering high-quality companies and private assets. Working with our team of professionals, finalists will gain hands-on experience to help prepare for life after graduation.

Sign up for this year’s Challenge and:

- Learn from the mentorship and real-life experience of buy-side investment professionals

- Hone your skills by doing deep-dive company analysis

- Pitch your investment recommendation to CNID’s experienced investors

​- Win a summer internship at CNID

Akash Singhal, Finalist of the Investment Challenge 2023

"Participating in the CNID Investment Challenge in Montreal [...] was intellectually stimulating, pushing me to go beyond surface-level analysis and understand the intricate mechanisms driving stock performance."

How it Works

Round 1:

- Choose one of the following pre-selected companies or a company of your choice:


Meta Platforms



- Submit a two-page report detailing where you see the company in 10 years - and why.

We'll pick up to three winning reports from each school - up to ten students will be selected and move on to the next round of the challenge..

Round 2:

- Participate in a CNID Training Day that will help you better analyze companies from the bottom-up

- You'll be working on the same company you presented in round 1 and prepare a 20-minute pitch to present to our panel of CNID portfolio managers

- We'll assign you a mentor from the CNID investment team to guide you in preparing your pitch

The winner of the Challenge gets a summer 2025 internship at CNID!

How to Participate

Email your two-page report for Round 1 of the challenge in PDF format by 11:59 p.m. on September 30, 2024.

Make sure to include your name, your email address, and the name of your university.


Sign up by submitting your two-page report

Due September 30, 2024

The finalists of Round 1 will be notified

On October 3, 2024

The Training Day

On October 10, 2024

Pitch Day

On November 15, 2024

The Winner of the Challenge will be announced

On November 19, 2024

About Us

About the CN Investment Division (CNID)

Established in 1968 and based in Montreal, CNID manages one of the largest single-employer defined benefit pension funds in Canada, Canadian National Railway (CNR.TO), and holds a long track record of solid performance. Approximately C$17 billion is actively managed in-house by about 95 employees, including some 40 investment professionals. Global equities make up approximately 35% of the CN Pension Plan (the Plan) and are 100% managed by a talented team of managers and analysts. The remainder of the Plan is composed of fixed income assets, real assets, as well as an absolute return portfolio. CNID's culture is nimble, innovative, collaborative and risk-aware. Pensioners are always at the heart of what we do.
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