CFA Exam Student Scholarship Eligibility: Are You Eligible?
Margaret
8 hours 57 min 4 sec
- CFA Exam Student Scholarship Eligibility
- CFA Program Entrance Requirements
- CFA Exam Student Scholarship Criteria: Who Can Apply?
- Additional CFA Exam Student Scholarship Documents
- Key Takeaways for Student Scholarship Eligibility
CFA Exam Student Scholarship Eligibility
CFA exam Student Scholarship eligibility involves two major criteria. You are eligible for a CFA exam student scholarship if:
- You are a student at a university affiliated with CFA Institute, and
- You have not registered for any upcoming CFA exam.
That's how CFA Institute defines the Student Scholarship eligibility requirements: "For students who are currently attending an affiliated university and have not yet registered for their next exam."
If you meet these criteria, you may qualify for a CFA exam scholarship offered to college students.
In case you are unsure whether your university is affiliated, check with your school administration. The scholarship application requires you to complete an online form and sometimes submit additional documentation.
Student Scholarship reduces the CFA exam registration fee to USD 600. That means that if you are awarded a scholarship for students, you will receive a significant discount on the exam fee.
However, some CFA Institute scholarships can make the CFA exam even more affordable. For more details, I would encourage you to see all CFA exam scholarships you can apply for.
CFA Program Entrance Requirements
Before you apply for your CFA exam Student Scholarship, you need to ensure you meet the CFA Program entrance requirements. In other words, you need to make sure that it's not too soon for you to be a CFA candidate.
You are ready to enter the CFA Program and register for your first level 1 CFA exam if you meet specific eligibility requirements set by CFA Institute.
You can register for the level 1 CFA exam if:
- You are an undergraduate student within 23 months of graduation.
- You have a bachelor’s degree (or equivalent).
- Your combination of education and/or professional work experience totals at least 4,000 hours over a minimum of three sequential years.
These requirements apply universally to all CFA candidates.
Now, if you're a college student aiming at your level 1 CFA exam, you'll be most likely interested in satisfying the first CFA exam requirement.
A similar criterion applies to the level 2 CFA exam:
You can register for the level 2 CFA exam if:
- You are an undergraduate student within 11 months of graduation.
For level 3, you can register for your exam only if you earn your bachelor's degree (or equivalent).
CFA exam requirements for students vary depending on your educational background and work experience. If you enter college at some later time in your life, work experience can also play a crucial role as far as your eligibility for registering for your CFA exam goes.
Before you apply for your scholarship, check your CFA exam eligibility. In our blog post about CFA exam requirements, we help you verify if you are eligible to enter the CFA Program.
CFA Exam Student Scholarship Criteria: Who Can Apply?
The CFA exam Student Scholarship is available only to students at universities affiliated with the CFA Institute. If you are currently a student at such a school and have not yet registered for your CFA exam, you may qualify for this scholarship.
These main CFA exam Student Scholarship criteria must be met before applying for your CFA exam scholarship:
- You must be a student at a university affiliated with CFA Institute.
- You must NOT be registered for any upcoming CFA exam.
If you meet all the eligibility criteria, it's time you get your CFA exam Student Scholarship application ready.
The application process is straightforward but varies by university. Some institutions may require additional documentation, such as a CV or personal statement. Universities are responsible for reviewing applications and making award decisions, so check with your school for the specifics.
Of course, before you get to the next step of submitting your scholarship application, remember to check if you are eligible to register for your CFA exam (as explained above) after your scholarship is awarded to you.
CFA Institute says that: "Student scholarships awarded after 1 September 2024 are valid for 6 months. Please refer to your award decision email for more details." And if you’re an undergraduate student, you need to be within 23 months of graduation to be able to register for your level 1 CFA exam.
Additional CFA Exam Student Scholarship Documents
Depending on your university, you may be required to submit some extra documents along with your scholarship application. It depends on your university. So, always check with your school how to apply for your CFA exam Student Scholarship.
The key CFA exam Student Scholarship documents include:
- Resume or CV
- Academic Transcript
- Personal Statement (e.g. why you want to pursue the CFA designation).
- Essay (e.g. on topics such as career goals or study strategies).
- Commitment Affidavit
Not all universities require these additional CFA exam Student Scholarship documents. The simpler application process involves only an online form submission, making it easier for many students to apply.
Key Takeaways for Student Scholarship Eligibility
Understanding both scholarship-related eligibility criteria and exam-related requirements for entering the CFA Program is key. Before applying for your Student Scholarship, remember these essential points:
- Eligibility: You must be a student at an affiliated university and NOT yet registered for the CFA exam.
- Application Process: Submit an online application and provide any required documents.
- University-Specific Rules: Each school may have additional requirements.
- Registration: Before you enter the CFA Program and begin your CFA exam registration, it's important to check your scholarship possibilities and eligibility.
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