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Scholarships

CFA Institute scholarships are part of our commitment to promoting the highest standards of ethics, education, and professional excellence. Our scholarships help make the CFA® charter more attainable and give more people an opportunity to advance their career. 
Apply for Scholarships

Explore Available Scholarships 

Our variety of scholarships allow more people to participate in CFA Program. View our full list of scholarships below. All scholarships include a waived enrollment fee and discounted registration. Scholarships are awarded on a rolling basis, allowing candidates to select from multiple upcoming exam offerings. Please note that CFA Program scholarship offerings are subject to change.

All fees shown are net of any local Value-Added Tax (VAT), Goods and Services Tax (GST), Sales Tax or any similar  tax payable by the candidate in their country of residence. Where CFA Institute is required to collect such taxes at the local statutory rate, this will be added to the fees shown during the payment/checkout process.

For information about taxability related to online purchases from CFA Institute, please visit our Tax Policy page.

Who Is This For? Registration Discount *
Access Scholarship For individuals who may not be able to afford the program fees and are not currently registered for an exam. You are NOT eligible to apply if you are currently registered for an exam and/or are waiting for results to be released. Exam registration reduced to USD300
Women's Scholarship For women who are interested in earning the CFA charter, do not qualify for other CFA Institute scholarships, are not currently registered for an exam. You are NOT eligible to apply if you are currently registered for an exam and/or are waiting for results to be released.   Exam registration reduced to USD400 
Student Scholarship For students currently attending an affiliated university and are not currently registered for an exam. You are NOT eligible to apply if you are currently registered for an exam and/or are waiting for results to be released.  Exam registration reduced to USD400 
Professor Scholarship For full-time college/university professors or administrators/department heads who teach a minimum number of credit hours at qualified institutions and are not currently registered for an exam. You are NOT eligible to apply if you are currently registered for an exam and/or are waiting for results to be released.  Exam registration reduced to USD400 
Regulator Scholarship

For employees of financial regulators, central banks, securities commissions, qualifying stock exchanges, SROs and/or government entities. Specifically, those entities that oversee or regulate operations, standards of practice or business conduct of the investment management industry and which have entered into a program agreement with CFA Institute. You are NOT eligible to apply if you are currently registered for an exam and/or are waiting for results to be released

Exam registration reduced to USD400 

*Prices valid for scholarships awarded before 31 August 2024.

General Scholarship FAQs

Can I apply for a scholarship while I am waiting for my exam result?
No, you are not eligible to apply for a scholarship until you have received your exam result. If you apply for a scholarship prior to receiving your result, your application will be rejected.

Can I apply for more than one scholarship at a time?
Yes, you may apply for more than one scholarship program during the same cycle. If you receive multiple scholarships, the scholarship that was most recently awarded will be applied. 

Is there a limit to how many times I can apply for any of the scholarships?
No, we do not track nor limit the number of applications an individual submits.

When is my scholarship active after it is awarded?
You should allow 7-10 business days from the time you receive the scholarship award notification for your discounted registration fee to be available. 

How long will I have to register for an exam with my scholarship?  
Scholarships are valid for one year and awardees will have up to five exam windows to redeem their award (depending upon their exam level). The scholarship expiration date and applicable cycles will be emailed directly to you if you are awarded a scholarship. 

When do I see the discounted fee displayed during registration?
The scholarship rate will not display immediately; you must navigate through the registration process and the reduced rate will display on the final page before payment. Note: if you change your payment method, your discount may be deactivated. If this occurs, please contact us for assistance. 

What happens if I do not use my scholarship before it expires?
If you fail to utilize your scholarship by not registering, not scheduling or not appearing for the exam, you may be ineligible to receive future scholarships. 

Can I extend my scholarship?
You have one year from the award date to register for an available exam at the discounted registration fee. Scholarship awards are non-transferable and cannot be extended past their stated expiration date.

If I am not awarded a scholarship, will I receive the early registration price?
If you are not awarded a scholarship, you will be permitted to register at the early registration price for the current exam cycle (August 2024 for Access and Women’s scholarship applicants). Please await the official decision notification from our Scholarships team for instructions on registering at the lower fee. If you register before receiving this notification you will not receive a refund for paying the higher registration fee. This option is only valid if the registration window is still open for the applicable window.  


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