The Challenge

The challenge for our successful applicants is to build towards researching, writing and presenting an investment report on a company of your choice to Orbis analysts.

Step 1: Application

Send us your CV and a report on one of the following topics, explaining your thinking by the close of Sunday 10 November 2019 (23:59 GMT).

  • Would you recommend buying or selling shares in Alphabet, and why? (1500 words)
  • As your generation grows and reaches its peak purchasing power, what are the investment implications of the differences in values and behaviours between your age group and that of your parents? (1000 words)
  • What is one important thing that you believe in that most other people don’t? (1000 words)

Any currently enrolled student may apply. There are no academic background requirements and previous participants have ranged from first year to doctorate students, but successful applicants must be able and keen to dedicate time to research.

Word limits are provided as guidelines, content will be judged on quality and reasoning, not length.

Step 2: Get some guidance on how to approach stock picking

Successful applicants will be invited to a training session with Orbis investment analysts (Central London, 16:00 GMT, 27 November 2019) who will help you understand how to approach researching and analysing a company.

Step 3: Research and write your ‘Challenge Report’, on a company of your choice

After the training session, you will have time to research a company of your choice and put together an investment report, for submission by 15:00 GMT on 31 Dec 2019.

Your chosen company will be one that you believe will meaningfully outperform the FTSE World Index over a three to five-year time horizon. The stock should have a market capitalization of USD $3 billion or above.

Step 4: The Challenge Presentation

We will select six reports whose authors will be invited to discuss their stock ideas with Orbis investment analysts. We're seeking to identify potential, so our assessment will depend on the level of experience across participants.

Step 5: Prizes

The student preparing the most promising report and stock presentation will be awarded £2,500. There will also be two runners up prizes of £500. Participants may also be invited to interview for internships or jobs in Orbis' investment teams.


For any questions regarding the challenge, please contact us at