Deadline: February 13, 2021

Applications are open for the Kellogg-Morgan Stanley Sustainable Investing Challenge 2021. Every year, the Kellogg-Morgan Stanley Sustainable Investing Challenge invites teams of graduate students from around the world to develop and pitch creative financial approaches to tackle pressing social and environmental challenges.

The Challenge identifies, empowers, and inspires the next generation of sustainable finance practitioners and connects them with leading industry professionals.

Challenge Details

Contestants must propose and defend a strategy that uses finance and investment tools rather than an operating enterprise to address an environmental or societal challenge. The competition is an opportunity to apply core finance principles to target the economic, social and environmental challenges that drive the field of sustainable investing.

Pitches might focus on areas like water, energy, food, social mobility, climate change, education or healthcare, among others. Contestants are encouraged to apply the entire spectrum of investment tools, styles and asset classes. The Challenge seeks to identify the next generation of sustainable finance practitioners, connect emerging leaders with industry professionals, and foster even greater emphasis on sustainability at graduate schools around the world.


  • $10,000 Prize for First Place Team
  • $5,000 Prize for Runner-Up Team
  • $2,500 Prize for Best Plastic Waste Proposal
  • Milken Institute Global Conference: Opportunity for First Place Team to present at the Milken Institute Global Conference with paid registration ($12,500 value per person).
  • Networking Opportunities: Chance to network with and get feedback from leading financial professionals.


  • Teams of graduate students from around the world are invited to participate.
  • Each team is limited to a maximum of four members, all of whom must be enrolled in a graduate program at the time of the prospectus submission.
  • There is no limitation to the number of teams from one school who can participate in the Challenge.


Teams of graduate students are invited to submit a two-page prospectus by February 13, 2021, 11:59PM PST that outlines an innovative financial vehicle that addresses a sustainability challenge and meets the requirements of an institutional investor (social operating enterprises are not applicable).

Each prospectus should appropriately address the guidelines provided. Finalist teams will be selected from the pool of submissions. Finalists will present their proposals in a series of virtual events from April 7 to April 9. 

Click here to apply

For more information, see FAQ and visit Kellogg-Morgan Stanley.

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