CFA Institute Research Challenge

Even if we were just three students, there were countless individuals cheering us on behind the scenes. We’re so grateful for the support we received from UW alumni and faculty.

Brendan Mick; 2021 UW CFA IRC student team captain 

Only ONE team emerges as the global champion! 

"The CFA Institute Research Challenge (CFA IRC) is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. Each student will be tested on their analytical, valuation, report writing, and presentation skills. They gain real-world experience as they assume the role of a research analyst." - CFA Institute

The winning university team from each local competition advances to the sub-regional competition. The winning teams from each sub-regional competition advance to the regional competition (the Asia Pacific, Europe, Middle East, and Africa regions). Regional winners advance to the Global Final, where one team emerges as the global champion.

CFA Institute Research Challenge Stats 2021

  • 5,000+ Students 
  • 3,000+ Volunteers
  • 950 Universities
  • 150 CFA Societies
  • 113 Local Challenges
  • 91 Countries

UWaterloo's CFA IRC History

trophy2021 Americas Regional Champions
first1st Canadian team to win the CFA IRC Global Championship2016 Global Final and Americas Regional champions
brain8 out of 12 CFA IRC Local (Ontario) titles for SAF student teams

SAF's Student Team - Winners of the 2020 CFA IRC Regional Competition

2020 CFA IRC team - funny pose

2020 CFA IRC team celebrating their Regional win with a funny team pose