@ randev
While i appreciate ur methodology and time taken to find the numbers. Following are the reasons that you have not been able to find any meaningful info
1. Most probably (99.9% sure), the # of charterholders are not by NATIONALITY rather by the COUNTRY specific society they are enrolled with. The CFA website says (FIND THE CHARTERHOLDER in YOUR COUNTRY) e.g. if Indian National charterholder is working in UAE, he usually does not register with India society but with UAE society. Therefore, he will be reported under UAE. As you rightly pointed out that CFA is considered gold standard, most of the CFA holders get job in Middle East, Singapore, etc. While, they are expatriates working in these countries, their interest in moving to Canada is by no means less than those who stay in country of their nationality. In fact, it is higher as they are already used to living abroad.
2. CFA Examinations have been banned by Indian court (due to dispute over use of CFA trade mark which is also registered in India over ). Therefore, Indian investment/financial analysts obtained local CFA degree or work without earning global CFA designation.
3. Earning CFA designation is a long process (atleast 4 yrs due to work experience requirement) and tests r very competitive. Specially, those who r working in high paying Inv/Fin analysis jobs, do not find time to clear the exam (especially Level III). Canadian immigration require only 1 yr experience. Therefore, many CFA candidates are eligible to apply but they are out of your data.
4. Another, rather interesting reason is that, while many employers prefer to hire CFA in the subcontinent, they does not allow the employer to right CFA on their business card (especially if boss is not CFA himself) therefore many charterholders do not renew their membership with local society to save membership fee (not reported in country CFA charter holders). In Canada companies not only allow writing CFA on business card but also reimburse membership fee.
Therefore, lower # of CFA candidates does not mean that any country has less # of Financial / Investment analysts. The prospective immigrants in the category can be judged by the fact that it was the second category to be filled in FSW 13.
Yes, the competition for the immigrants under the category will be high not only because of the CFA Charter but also because they will have Canadian Degrees in hand and know Canadian market/economy better than the recently landed immigrant.
While i appreciate ur methodology and time taken to find the numbers. Following are the reasons that you have not been able to find any meaningful info
1. Most probably (99.9% sure), the # of charterholders are not by NATIONALITY rather by the COUNTRY specific society they are enrolled with. The CFA website says (FIND THE CHARTERHOLDER in YOUR COUNTRY) e.g. if Indian National charterholder is working in UAE, he usually does not register with India society but with UAE society. Therefore, he will be reported under UAE. As you rightly pointed out that CFA is considered gold standard, most of the CFA holders get job in Middle East, Singapore, etc. While, they are expatriates working in these countries, their interest in moving to Canada is by no means less than those who stay in country of their nationality. In fact, it is higher as they are already used to living abroad.
2. CFA Examinations have been banned by Indian court (due to dispute over use of CFA trade mark which is also registered in India over ). Therefore, Indian investment/financial analysts obtained local CFA degree or work without earning global CFA designation.
3. Earning CFA designation is a long process (atleast 4 yrs due to work experience requirement) and tests r very competitive. Specially, those who r working in high paying Inv/Fin analysis jobs, do not find time to clear the exam (especially Level III). Canadian immigration require only 1 yr experience. Therefore, many CFA candidates are eligible to apply but they are out of your data.
4. Another, rather interesting reason is that, while many employers prefer to hire CFA in the subcontinent, they does not allow the employer to right CFA on their business card (especially if boss is not CFA himself) therefore many charterholders do not renew their membership with local society to save membership fee (not reported in country CFA charter holders). In Canada companies not only allow writing CFA on business card but also reimburse membership fee.
Therefore, lower # of CFA candidates does not mean that any country has less # of Financial / Investment analysts. The prospective immigrants in the category can be judged by the fact that it was the second category to be filled in FSW 13.
Yes, the competition for the immigrants under the category will be high not only because of the CFA Charter but also because they will have Canadian Degrees in hand and know Canadian market/economy better than the recently landed immigrant.
randev said:Like many on this forum, I, too, am curious whether the cap for financial and investment analysts (NOC 1112) is reached or is getting to close to being reached. My gut feeling is that the number of financial and investment analysts on the FSW 2014 spreadsheet is grossly underestimating actual interest in that category. Consequently, the anticipated cap reach date for NOC 1112 of 7/17/2014 could be very well off the mark. To get a better estimate of potential applicant pool / actual interest in NOC 1112, I attempted a unique approach. ..................................Here are the number:
China's population is 1.4 billion; according to CFA institute's member directory web link, the number of CFA charter holders in China is just 2960
India's population is 1.2 billion; according to CFA institute's member directory web link, the number of CFA charter holders in India is just 1319
While Canada is the second largest country in the world in terms of land mass, its population – 35 million - is quite small. The country, however, has 14,769 CFA charter holders.
Let me put Canada's number in perspective: the US has 58,508 CFA charter holders. US' population is 318 million. Using proportions, I calculated how many CFAs Canada would have if its population were as large as the US'. For those of you who care to know, number would be 134, 186. Per capita, Canada has a much greater number of CFAs than the US!
My attempt to gauge the potential size of NOC 1112 applicants from China and India proved futile. The only conclusions that I arrived at was that these countries, despite having very large populations, have a stunningly short supply of competent investment analysts. On the other hand, Canada, despite its small population, has many CFAs. Competition for financial and investment analyst jobs in Canada is, thus, likely to be pretty intense!