Educational Recognition Includes waivers from university courses
American University, Kogod School of Business
Master of Science in Finance (MSF)

When applying for an MSF, those who have passed the CFA Level I exam are waived out of the GMAT score requirement. Learn more.

Master of Science in Real Estate (MSRE)

When applying for an MSRE, those who have passed the CFA Level I exam are waived out of the GMAT score requirement. Learn more.


Boston University
Master of Science in Banking and Financial Services Management

CFA charterholders are eligible for four course waivers in this 12-course online degree program. Learn more.


IE Business School
Master in Advanced Finance

Successful CFA Level II candidates applying for the Master in Advanced Finance program may waive the requirement to submit GMAT or GRE scores in the application process. Learn more.

Master in Finance & Global Master in Finance

Successful CFA Level I candidates applying for either of these two degrees may waive the requirement to submit GMAT or GRE scores in the application process. Learn more.


Sacred Heart University, Welch College of Business
Master of Business Administration (MBA)

Charterholders applying to the MBA program may request a waiver for the GMAT score requirement. Learn more.


University of California Berkeley, Haas School of Business
Master of Business Administration (MBA)

MBA candidates who have passed the CFA Level III exam are granted an automatic waiver in two core courses: MBA 202 Financial Accounting and MBA 203 Finance. In place of the waived courses, candidates must take elective courses to meet the 51-unit graduation requirement. Learn more about the program or view waiver qualifications.


University of California Los Angeles, Anderson School of Business
Master of Business Administration (MBA)

With proof of charter, students studying for an MBA at the Anderson School of Business can be waived out of Mgmt 408 Financial Markets. Learn more.


University of Regina, Levene Graduate School of Business
Master of Business Administration (MBA)

Advanced Standing is awarded to a student upon demonstration of acquired knowledge of a course's content through university or professional courses. The student is given advanced standing but this does not reduce the number of credit hours or fees required by an existing program. Students are registered in an Advanced Standing course and charged the associated tuition and fees. Up to nine credit hours of advanced standing will be offered to holders of the CFA designation. Learn more (PDF).

Master of Human Resource Management (MHRM)

Advanced Standing is awarded to a student upon demonstration of acquired knowledge of a course's content through university or professional courses. The student is given advanced standing but this does not reduce the number of credit hours or fees required by an existing program. Students are registered in an Advanced Standing course and charged the associated tuition and fees. Up to nine credit hours of advanced standing will be offered to holders of the CFA designation. Learn more (PDF).


University of Toronto, Rotman School of Management
Master of Finance Program

Applicants must provide a GMAT score. While there is no minimum score required, test performance will play a role in determining applicant ranking. Candidates who have passed the CFA Level III exam at the time of application are exempt from the GMAT entrance requirement. Learn more about the program or view admission requirements.


University of Wisconsin-Parkside
Master of Business Administration (MBA)

Charterholders applying to the MBA program who have a minimum 2.75 undergraduate GPA are exempt from the GMAT score requirement. Learn more.