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One of the most well-liked careers among finance enthusiasts is that of Chartered Financial Analyst or CFA. examinations for the CFA are among the hardest, they are even harder than examinations for the CA. Only those who successfully complete the three graduate-level exams with six months of preparation for each test and have at least four years of professional experience are eligible to use the CFA designation. However, CFA examinations can be pricey for some people, and not everyone can afford the cost of these exams, which is why CFA grants scholarships to students each year who want to take the exams but are unable to pay for them. To learn more about CFA scholarships, requirements, and application procedure in detail, keep reading.
| Name of the Scholarship | CFA Scholarship |
| Conducting Body | CFA Institute |
| Included Scholarships | Access Scholarship Women’s Scholarship Student Scholarship Professor Scholarship Regulator Scholarship |
| Objective of Scholarship | To provide scholarships to economically weak students. |
| Benefits of Scholarship | Candidate must be in the final year of any bachelor’s degree program |
| Eligibility Criteria | Candidate must be in the final year of any bachelors degree program |
| Mode of Application | Online |
| Official Website | www.cfainstitute.org |
Table of Contents
About CFA Scholarship 2024
CFA scholarships minimise the financial burden while also appreciating the abilities and potential of participants in the finance industry. To assist students in paying for the exam, CFA Institute gives awards. The dedication to advancing the highest levels of ethics, education, and professional performance is reflected in the CFA institute scholarships. CFA scholarships enable more people to grow their careers and make the CFA charter more accessible.
Also Read: Chartered Financial Analyst Syllabus
List of CFA Scholarships 2024
The CFA Institute offers several scholarships, some of which include eliminated enrollment fees and reduced registration. Since scholarships are given out on a rolling basis, applicants can choose from various forthcoming exam opportunities. Let’s look at the detailed list of scholarships and their requirements:
Access Scholarships
| Eligibility Criteria | Application Window | Benefits |
| -Bachelor’s Degree or -Possess a minimum of 4,000 hours of experience (4,000 hours total) and/or education (4,000 hours total) as of the day you registered for the Level I test; or -The test window you choose cannot be more than 23 months before the month in which you complete your bachelor’s degree or an equivalent programme. | Throughout this program year (20 September 2023 – 31 August 2024), there will be two application opportunities for the Access scholarship. Officially ending is the second round of scholarship applications. By no later than 31 March 2023, a choice will be determined. | USD 250 INR 20,505 |
Women’s Scholarships
| Eligibility Criteria | Application Window | Benefits |
| – Bachelor’s Degree or – Possess a minimum of 4,000 hours of experience (4,000 hours total) and/or education (4,000 hours total) as of the day you registered for the Level I test – Should not be qualified for further scholarships. – Not yet signed up for the next test. – The test window you choose cannot be more than 23 months before the month in which you complete your bachelor’s degree or an equivalent programme. | 2 application windows will be open for the duration of the next programme year from 1 September 2023 till 31 August 2024 The first cycle of the next programming year will start on 1 September 2023. | USD 350 INR 28,707 |
Students Scholarship
| Eligibility Criteria | Application Window | Benefits |
| – Bachelors Degree or – Possess a minimum of 4,000 hours of experience (4,000 hours total) and/or education (4,000 hours total) as of the day you registered for the Level I test – MSc Finance and Banking students should be enrolled in school currently.-Not yet signed up for the next test. – The test window you choose cannot be more than 23 months before the month in which you complete your bachelor’s degree or an equivalent programme. | No application window | USD 350 INR 28,707 |
Professors Scholarship
| Eligibility Criteria | Application Window | Benefits |
| For full-time college or university faculty members, department heads, or administrators who work at authorised institutions and teach a minimum number of credit hours but have not yet registered for their forthcoming exam. | 15 July 2024, through 1 September 2023. The first cycle of the next programming year will start on 15 September 2023. | USD 350 INR 28,707 |
Regulator Scholarship
| Eligibility Criteria | Application Window | Benefits |
| The project covers staff members of governmental agencies, central banks, securities commissions, qualifying stock exchanges, self-regulatory organisations (SROs), and financial regulators. | 15 July 2024, through 1 September 2023. The first cycle of the next programming year will start on 1 September 2023. | USD 350 INR 28,707 |
Also Read: All About CFA Level-2
CFA Scholarship Evaluation Criteria
- The necessity for finances
- Achievements in academia, business, or another field
- Contributions to your community.
- Whether working in the investment management industry
- What makes candidates want to get a CFA charter
- Several traits about you that support your candidature for the scholarship
- The status of the scholarship will be determined after an assessment of the list of tests taken, the motivation letter, etc.
- The assessment process will take into account the documentation submitted at the registration stage, such as a CV, employment verification, an English-language letter, etc.
How to Apply for CFA Scholarship 2024
Here’s a simple process to apply for CFA Scholarship 2024:
- Visit the CFA website to sign up.
- Fill out the application on the CFA website.
- Present an application
- Avoid taking the exam before receiving the scholarship.
- For students’ scholarships, candidates may send or email their application package separately.
- For Professor’s scholarships, candidates are required to fill out a separate form.
- For Regulator scholarships, organizations must participate in CFA scholarship programs and are required to send mail to [email protected] to get into the program.
- Register for the exam and pay the discounted fee
Also Read: Financial Analyst Courses
Objectives and Benefits of CFA Scholarship
- The CFA Scholarship will provide students with the chance to pay for their CFA course tuition.
- The candidates will receive a list of 5 scholarships before they submit their online applications.
- Online applications will be accepted from individuals including women, professors, students, and bank staff.
- The criteria for selection will be used to choose the students.
- The scholarship will have a $250 starting point and a $350 maximum.
- If the student succeeds on the test, they will only be required to pay a portion of the remaining course expenses.
- Students who cannot pay the course expenses will be allowed to do so.
- The accomplishments and degree of interest of the candidate will be advantageous for selection.
- Before the deadline for online form submission, students must apply online for the CFA Scholarship Scheme.
- The learners will succeed in finishing their courses.
Relevant Reads:
FAQs
Yes, International students can apply for CFA scholarships.
Yes, applicants are encouraged to reapply for CFA programme levels.
All recipients of Role-Based Scholarships must be in good standing with CFA Institute. If an applicant is given more than one scholarship (of any sort), the most recent one will be taken into consideration.
This was all about the CFA scholarship. To know more about scholarships in India and abroad follow Leverage Edu.