Valuation Challenge 2023

Northern Illinois University's premier organization within the exceptional College of Business, NIU Investment Association, is proud to announce this year's ON CAMPUS NIUIA Valuation Challenge. Participating teams of top students in schools potentially worldwide select and investigate the hypothetical merger of two publicly traded firms belonging to an assigned industry. In the Challenge's 1st round, teams submit a written report containing a thorough industry and company analysis which considers both quantitative and qualitative aspects of the deal as well as the ramifications for the companies involved. Teams advancing to the Challenge's second round will submit a pre-recorded presentation and then later will defend their strategy to the live virtual full board of NIUIA judges and members.


  • February 3, 2023: Teams are notified by email of the selected industry

  • February 10, 2023: Registration deadline (free! see below)

  • March 3, 2023: First round written report (and slide deck drafts) due

  • March 13, 2023: Teams advancing to the second round are notified by email

  • March 29, 2023: Advancing teams' finalized slide decks due

  • April 1, 2023: Second round presentations at NIU's DeKalb campus during the CoB's Business Olympics


  • 1st Place: $200/person

  • 2nd Place: $100/person


  • Learn skills relevant to all professions and educational tracks

  • Develop teamwork, leadership and communication skills

  • Learn about risk, diversification, company analysis, industry analysis and investing

  • Develop and apply critical thinking and reading skills throughout the competition

  • Enhance your college and scholarship applications by building your résumé

Getting Started

  • Students/Advisors register for free below.

  • Parents/Guardians must submit releases (below) for all registered student participants within 3 days of registration

Questions or comments? Please reach out to our NIU Investment Association President at or our Faculty Advisor and Finance Department Chair, Dr. Gina Nicolosi, at

Thank you and we look forward to having you on campus this Spring! Get excited and best of luck.

NIUIA High School Valuation Challenge 2023.pdf
RulesfortheCompetition 2023.pdf