The University of Waterloo has won the local level of the CFA Institute Research Challenge, a global competition that tests the analytic, valuation, report-writing and presentation skills of university students.
The winning team was determined based on the best combined score for the written equities research report graded in January, as well as on their presentation before a panel of judges in Toronto.
“Toronto CFA Society is proud to host the next generation of analysts as they hone their analytical and presentation skills in this competition,” says Peter S. Jarvis, executive director of Toronto CFA Society. “It’s hard not to come away from it energized and enthusiastic for the future.”
The Waterloo team will now advance to the Americas Regional Final, being held in New York on April 10, where they will compete against teams from the U.S., Canada and Latin America.
The Americas Regional winner will then advance to the global final also in New York the following day.
“Through interaction with faculty, our CFA mentor and the competition judges, we received valuable feedback that will enhance our abilities as finance professionals,” says Ian Gutwinski, member of Waterloo’s winning team. “We are looking forward to the next round in New York.”
The University of Waterloo team competed against groups from Wilfrid Laurier University, which earned an honourable mention as the first runner up, the Schulich School of Business of York University, University of Toronto’s Scarborough campus.