Below are some frequently asked questions about becoming a member of the CFA Ottawa Society:
How large is the CFA Ottawa Society?
The CFA Ottawa Society has over 292 members. It has grown from 49 members in 1998.
Who employs CFA charterholders in the Ottawa region?
The following is a breakdown by industry and title:
| CFA Charterholder Information |
Percent |
| CFA charterholder |
89% |
| Non-charterholder |
11% |
| |
|
| Industry Classifications |
Percent |
| Broker Dealer, Investment Banking |
11% |
| Commercial/Retail Banking, Bank Trust Departments |
12% |
| Consulting Firm |
4% |
| Corporate/Public Sponsor & Foundation/Endowment |
3% |
| Insurance Company |
11% |
| Investment Company/Mutual Fund |
9% |
| Investment Management Counseling |
13% |
| Other businesses including government , academic, and miscellaneous |
37% |
| |
|
| Titles and Occupations |
Percent |
| Analyst, Equity & Fixed Income |
7% |
| Analyst, Other |
15% |
| CEO, Chairman, Partner, Principal |
4% |
| Chief Investment Officer |
3% |
| Investment Banker |
4% |
| Investment Counselor |
9% |
| Investment Firm Manager |
3% |
| Portfolio Manager |
13% |
| Sales/Marketing |
5% |
| Securities Trader |
7% |
| Other |
29% |
Is it necessary to join the CFA Ottawa Society?
No, however it is necessary to apply concurrently for membership in the CFA Institute and in a CFA Institute Member Society or Chapter (if a Member Society is located within 50 miles (80 km) of candidate's place of business).
Are there any other benefits to joining the CFA Ottawa Society?
There are several benefits to joining CFA Ottawa Society:
- Access to all Society events at reduced rates.
- Career networking opportunities.
- First notification of all finance job postings in the Ottawa region.
- Meetings are held downtown at the prestigious Rideau Club.
In addition, there are several benefits to joining the CFA Institute:
- Access to CFA Institute conferences, seminars and workshops.
- A subscription to the Financial Analysts Journal.
- Access to CFA Institute's Jobline.
- Preferred rates on life insurance, personal accident insurance, personal income insurance and critical illness insurance.
Do I have to pass my CFA level III exam before I can become a member of the CFA Ottawa Society?
No. All CFA candidates are, in fact, strongly encouraged to join the CFA Ottawa Society as soon as possible to take full advantage of the events, job postings and networking opportunities.
Do I need to be sponsored to join the CFA Ottawa Society?
Yes. To join the CFA Ottawa Society, it is necessary to be sponsored as follows:
- Supervisor plus two regular members of either the Ottawa Society, the Atlantic Canada Society or the Toronto Society.
- If your supervisor is a member of the CFA Ottawa Society, then only one other additional member from Ottawa, Atlantic Canada or Toronto is required.
The supervisor requirement is waived if the applicant is the principal of the firm, a student, retired, self-employed, unemployed, or if providing a supervisor sponsor places the applicant in a difficult professional position.
Nobody in my company is a CFA. How do I get someone to sponsor me?
It is not uncommon for potential members in the Ottawa area to work at companies that do not employ other CFA charter holders. This should not create a problem to finding potential sponsors. In this case, simply attend some of the CFA Ottawa Society functions and talk to various members to find suitable sponsors.
How much does it cost to join the CFA Ottawa Society?
Membership dues for the CFA Ottawa Society are US$75 per year in addition to CFA Institute dues of US$220 per year.
Where do I get an application form to join the CFA Ottawa Society?
Applications for membership and applications for change in status of membership are available at the CFA Institute website.
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