UTM, now a CFA-affiliated university

Sarah Jane Silva

CFA Team

Last year's CFA Institute Research Challenge team: (L-R) Zuwei Sheng, Omar Mansour, Valentin Nigmatullin, Harry Zou, Kunwar Singh


UTM has been approved to participate in the CFA Institute’s University Affiliation Program with our Bachelor of Commerce (BCom) program.

Our BCom Program covers at least 70 per cent of the CFA Level I candidate body of knowledge (CBOK), which assists students in preparing for the CFA exam.

By earning the CFA designation, students can enhance their skillset and professional prospects.

Many BCom students and graduates choose to complete the CFA exams to complement their degree from the Department of Management.

The BCom curriculum is closely aligned with the CFA Level I CBOK, and provides students with the knowledge they need to take this exam.

Students are encouraged to take the Level I exam while enrolled in the BCom program, and to continue with Level II and Level III after graduation.

As a CFA Affiliated University, The University of Toronto Mississauga’s has access to CFA Awareness Scholarships provided by the CFA Institute (apply here).

Each year, the Department of Management will administer 9 scholarships, which will help alleviate the cost of completing the CFA exam.

The scholarship waives the CFA Program enrollment fee and reduces the exam registration fee to US$350.

“It’s amazing for our students and it’s nice to be an Affiliated University,” says Assistant Professor Tanya Kirsch.

“It feels good to know that our curriculum is helpful to students preparing for the CFA examinations.”

CFA Institute Research Challenge

As a student in the BCom Program, you may apply to participate in the CFA Institute Research Challenge.

In this worldwide competition, student teams research an assigned publicly traded company, work with an industry mentor, draft a report, and present their work to investment professionals.

“I think we have a good team this year but I think it’s really up to the students,” says Kirsch.

“I always say to them it’s about the effort you put into it – the more work you do the more you’ll learn.”

More than 5,000 students from over 1,000 universities around the world take part in the challenge.

Our Management teams have competed against students from other universities and have consistently placed among the top four at the local level.

“I’m really grateful for the opportunity to have competed in the CFA Research Challenge,” said Valentin Nigmatullin, current BCom student.

“What was so unique about that competition is we had to build a professional report, and we did a good job. It’s probably the most important thing I’ve done in my academic career so far.”

Visit the CFA Institute website to learn more about the competition.