CFA exam / Registration / Scholarships




How to Reduce CFA Exam Cost

If you plan to become a CFA charterholder but you are worried it will cost you a fortune, you couldn't be more wrong. CFA Institute offers scholarships that make the exam more affordable. For all those who cannot afford full CFA Program fees awaits CFA Access Scholarship. Also, there’s an offer for students and for women.


CFA Access Scholarship

CFA Access Scholarships for CFA 2019 exams are no longer available, but those who plan to take their exam in 2020 can apply from 1 March to 15 September 2019. The application period concerns both June and December 2020 candidates. Scholarships are awarded at the latest in December following the application period.

See if you meet CFA requirements for candidates in the Program


Plan Way Ahead, It’s Too Easy to Miss!

CFA Access Scholarship is intended for you particularly if you feel that the CFA exam cost is a challenge owing to your difficult financial situation. It is available to both new and existing candidates and can be used for all exam levels. The application deadline is the same for both June and December exams coming up the next calendar year. The deadline always expires in September of the year preceding the exams.


15 September 2019

APPLICATION DEADLINE FOR CFA *2020* EXAMS

by 1 December 2019

*2020* ACCESS SCHOLARSHIPS AWARDED


Thus, to apply for your CFA 2020 Access Scholarship, you need to register at the CFA Institute website before 15 September 2019. After you create your account, you will be able to submit your application. Do not register though for your exam before you receive the scholarship.


register with CFA Institute apply wait for scholarship register for your exam & make the payment


When to Pay if I Apply for My CFA Access Scholarship?

If you register for your exam before you get your scholarship award decision, you'll have to pay the unreduced fee. If your pay, CFA Institute will conclude that you can afford the exam and will deny you the scholarship. Wait for your scholarship first. You will register for your exam when your scholarship is awarded to you and you will make the reduced payment of USD 250 then.



CFA exam registration = fee payment

register after scholarship award but before the final registration fee deadline!



See CFA 2019 registration deadlines.


CFA Access Scholarship: The Biggest Cost Reduction

How much you pay for your CFA exam depends on when exactly you register. CFA exam cost without a scholarship is at least USD 650.

See other CFA fees.

With CFA Access Scholarship, exam registration fee is cut down to USD 250, which makes it the biggest exam cost reduction there is (included in the price is enrollment fee if applicable).


What Else Should I Know if I Apply?

  1. If you gain your CFA Access Scholarship, you must use it for the exam for which it is offered. There is no transfer of scholarships between the exams.
  2. You have to sit for the exam for which your scholarship was awarded or you may be denied your Access Scholarship in the future.
  3. If you’re a June candidate and you apply for your CFA Access Scholarship, the early exam registration deadline is made unavailable to you. If you’re denied the scholarship, CFA Institute usually offers a discount on the registration fee to be used in case you still want to sit for the upcoming June exam.
  4. December candidates have no such problem – they know whether they gained their Access Scholarship about a year before the actual exam (scholarships are awarded by 1 December of the previous year).

CFA Access Scholarship Personal Statement

When applying for your CFA Access Scholarship you are asked to provide your identification details, including passport information. You also need to give your personal financial statement and explain why earning CFA Access Scholarship is important to you. Remember that apart from your financial needs, also your personal story is of value here. When writing your application, try to distinguish yourself from other candidates. Think about what favors you and why CFA Institute should invest in you.


CONTROL YOUR EXAM PREP
FROM WEEK TO WEEK


Before you register with CFA Institute and submit your application, read the Access Scholarship Official Rules and make sure you meet CFA Program entrance requirements.


CFA Access Scholarship:

USD 250 is all you pay for your exam

all levels: CFA level 1, CFA level 2, CFA level 3

one application deadline for all June and December exams

application deadline easy to miss

NOTE: You are not eligible for CFA Access Scholarship if your employer financially supports your participation in the CFA Program.



Other CFA Scholarships

CFA Institute awards scholarships to individuals from specific circles strategic for the world of investment and finance. Special CFA scholarships also support women and qualifying students. Such scholarships are available to both new and existing candidates and can be used for all exam levels.

See if you meet CFA requirements for candidates in the Program


5 Types of Dedicated CFA Scholarships

Women’s Scholarships – for women not eligible for other scholarships and not yet registered for their exam >> note that the scholarships are limited in number and the application period closes as soon as the limit is reached.

Professor Scholarships – requirements to meet: specified number of teaching hours (full-time professor) + employment verification attachments.

Student Scholarships – awarded through universities and colleges affiliated with the CFA Program, so check with your school whether you can apply.

Regulator Scholarships – for entities supervising or regulating the investment management industry (full-time qualified employees only).

Media Scholarships – for media related to the world of investment and finance (full-time employees only).


Dedicated CFA Scholarships Reduce CFA Exam Cost

With a special CFA scholarship, exam registration fee is cut down to USD 350. Included in the price is enrollment fee (if applicable).

See other CFA fees.


Plan Ahead to Earn Your Dedicated CFA Scholarship

June and December exams have separate application periods for dedicated CFA scholarships. For June 2019 exams application deadline is 1 February 2019, and for December 2019 exam it is 1 September 2019, except for Student Scholarship. For students sitting their exam in December 2019, the deadline is 8 August 2019.


1 February 2019 APPLICATION DEADLINE FOR JUNE 2019 EXAMS

1 September 2019 APPLICATION DEADLINE FOR DECEMBER 2019 EXAM

8 August 2019 APPLICATION DEADLINE FOR DECEMBER 2019 EXAM (STUDENT SCHOLARSHIPS ONLY!)



Women Must Register Early to Apply for Their CFA Scholarship

With the scholarships awarded to women: the scholarships applied for before 1 February 2019 can be used only for the upcoming June exam, whereas the scholarship applied for before 1 September 2019 – only for the upcoming December exam.

If so, you need to take these deadlines into consideration when registering with the CFA Institute to apply for your Women’s Scholarship.

If you are a June candidate, you have to create your account at the CFA Institute website before February. December candidates must register at the CFA Institute website before September. As a matter of fact, the sooner the better...


See when it’s best to register to ensure your Women's Scholarship award


After you create your account, you will be assigned your CFA Institute ID – required for your application! Do not register though for your exam before you receive your scholarship.


register with CFA Institute apply wait for scholarship register for your exam & make the payment



When to Pay if I Apply for My Dedicated CFA Scholarship?

You must not register for your exam before you obtain your scholarship. Because CFA exam registration means fee payment, you need to wait for your scholarship first. Then, register for your exam and make the reduced payment of USD 350.



CFA exam registration = fee payment

register after scholarship award but before the final registration fee deadline!



See CFA 2019 registration deadlines.


Other CFA Scholarships: How to Apply

There are different rules for different types of CFA scholarships.

Women are asked to explain why they would like to earn their scholarship. Media applicants must attach current samples of their work and a letter from their employer. Also for university teachers, attachments and a letter are required. Regulators must give the name of the entity they work for and their role within its structure.

Students should check with their university whether it’s affiliated with the CFA Program and what they need to do to apply for the scholarship.

All dedicated CFA scholarship applications are handled from the level of your CFA account and must be submitted before deadline. As soon as your application is processed, you will receive further info to your email. For women – within 3 weeks.


CONTROL YOUR EXAM PREP
FROM WEEK TO WEEK


Before you register with CFA Institute and submit your application, read the Official Rules for the Scholarship Program and make sure you meet CFA Program entrance requirements.


Other CFA Scholarships:

USD 350 is all you pay for your exam

all levels: CFA level 1, CFA level 2, CFA level 3

separate application deadline for June and December exams

for women, shorter application period