The Chartered Financial Analyst (CFA) Institute periodically organizes CFA scholarships to enable students to participate fully in the CFA program.
These scholarship programs contribute to the mission and vision of the CFA institute and society, which is to promote the highest standards of ethics, education, and professional excellence/ competency.
These scholarships include a waived enrollment fee and a discount on registration fees and expenses for those who want to write the Chartered Financial Analyst exam or are currently studying or teaching in any of its affiliated universities.
There is no limit to how many times you can apply for CFA scholarships. You can apply for more than one scholarship program, but if you are selected for more than one award, the one most recently awarded to you will be considered.
You must apply for any of the CFA scholarships before registering for the CFA exams; when you register for the exam before applying for the scholarship, your application will be rejected.
CFA scholarships are not fully funded scholarship programs; the amount and registration reduction fee will be awarded to you depending solely on the type of scholarship you’ve applied for.
For you to get any of the scholarships that CFA offers, you need to follow their rules and guidelines; this content will give you a full breakdown of everything you need to know about each rule, eligibility requirements and as well as its application procedures; ensure you read till the end.
List of CFA Scholarships
Below is the list of available CFA Scholarships
CFA Access Scholarship
The CFA Access Scholarship is specifically designed to help individuals who cannot afford the program fee.
The scholarship program is only valid for one exam cycle, if you apply and are awarded this scholarship, you must register for your CFA program exams within the time frame provided and before the deadline that will be listed in the scholarship award email.
Currently, registered candidates are not eligible for this scholarship program, and you are someone that your current employer financially sponsors to participate in the CFA program.
Scholarship Summary:
- Host: CFA Institute
- Category: CFA chartered holder
- Amount: Exam Reduction fee of $400
- Duration: one exam cycle
- Application Deadline: August 26, 2024
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CFA Professor Scholarship
This scholarship program is specifically for full-time university professors teaching at least six credit hours per quarter/semester or any administrative/ departmental head learning a minimum of three credit hours per quarter/semester at a qualified institution who still needs to register for the next CFA exam.
Scholarship Summary:
- Host: CFA Institute
- Category: CFA chartered holder
- Amount: Exam Reduction fee of $600
- Duration: one exam cycle
- Application Deadline: July 15, 2025
CFA Student Scholarship
This scholarship category is specifically for affiliated university students who must register for the next CFA exam.
Once offered a scholarship opportunity from CFA Institute, you can also be offered individual scholarships from your affiliated study university.
You cannot apply for this scholarship if you’ve already registered for the exam and are waiting for your results to be released.
Scholarship Summary:
- Host: CFA Institute
- Category: CFA chartered holder
- Amount: Exam Reduction fee of $600
- Duration: one exam cycle
- Application Deadline: July 31, 2025
CFA Scholarship 2024 Requirements
To become eligible to apply for any of the CFA Scholarships, you must meet the following.
- Academic Qualification: You must be or have at least completed your bachelor’s degree program
- Admission: You must be enrolled or planning to join the CFA program
- International Passport: You must have an international travel passport; without this, you won’t be able to sit for any exam
- English Proficiency: CFA programs are only offered in English; you must be good and proficient in the use of English
- Work experience: You must have a level of work experience
How to Apply for the CFA Scholarship 2024 Application
To apply for the CFA Scholarship, you are to follow these guidelines.
- Visit the institute’s website: visit the CFA website to see the list of available scholarships.
- Fill application form: select the scholarship that matches your criteria and fill out the application form.
- Upload Needed Documents: Each scholarship has individual documents; you must upload them correctly. Some vital documents include Transcripts or academic records, financial information, personal statements and letters of recommendation.
- Proofread your application and submit: once you submit, you will not be allowed to make any changes; ensure you proofread your application and make any corrections before submitting.
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CFA Scholarship 2024 Deadline
The scholarship date and deadline vary according to the scholarship type you are applying for. You should visit the CFA Institute website to find out the scholarship date and deadline as well as its eligibility requirements.
This will enable you to plan and prepare ahead of time.
FAQs | CFA Scholarships
How to Do CFA in Nigeria?
You can become a CFA holder in Nigeria by following these simple steps.
– Enroll and pass the three levels of the CFA program exam.
– Have an attainable work experience.
– Submit your reference letters.
– Apply to become a CFA chartered holder.
How tough is the CFA Exam?
CFA is one of the toughest exam courses in the field of financial marketing and investment management; if you want to pass the exam, you need to study extra hard using the right resources, enroll in personal tutorial classes and study past questions
Final Thoughts
The sole aim of the CFA scholarships is to help those who want to become Chartered Financial Analysts but need help paying the cost of CFA courses and exams.
CFA has three levels, and to progress from one level to the other, you must pass each level’s exams successfully.
The exam fees according to the CFA program level are as follows.
- CFA level 1: $1,340-$2,990
- CFA level 2: $950-2,590
- CFA level 3: $940-$2,960
Applying and winning any of the above scholarships is the only way to reduce these exam fees.
The scholarships do not cover any other expenses you will incur during your CFA program and examination.
You must provide your funds to cover material, traveling, rescheduling costs and other additional expenses
