CFA Scholarship 2023: List of Scholarships, Eligibility, Application Process, Benefits

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

Also Read: Chartered Financial Analyst Syllabus

About CFA Scholarship 2023

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: All About CFA Level-2 

List of CFA Scholarships 2023

The CFA Institute offers a number of scholarships, some of which include eliminated enrollment fees and reduced registration. Since scholarships are given out on a rolling basis, applicants can choose from a variety of forthcoming exam opportunities. Let’s look at the detailed list of scholarships and their requirements:

1. 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 programme year (September 1, 2023 – August 31, 2024), there will be two application opportunities for the Access scholarship. Officially ending is the second round of scholarship applications. By no later than March 31, 2023, a choice will be determined.	USD 250 INR 20,505

2. Women’s Scholarships

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 -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.	Two 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 September 1, 2023.	USD 350 INR 28,707

Must Read: CFP vs CFA

3. 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

4. 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.	July 15, 2024, through September 1, 2023. The first cycle of the next programming year will start on September 1, 2023.	USD 350 INR 28,707

5. 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.	July 15, 2024, through September 1, 2023. The first cycle of the next programming year will start on September 1, 2023.	USD 350 INR 28,707

Must Read: What is the Difference Between CA and CS?

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.

Must Read: CA Course

How to Apply for CFA Scholarship 2023

Here’s a simple process to apply for CFA scholarship 2023:

• 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 scholarships@cfainstitute.org to get into the program.
• Register for the exam and pay the discounted fee

Must Read: Financial Analyst Courses

Objectives and Benefits of CFA Scholarship 2023

• 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.

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