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CFA scholarship: how long to find out if you’re awarded a scholarship?

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  • This topic has 5 replies, 3 voices, and was last updated May-21 by Kshitij.
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      Hello

      I have submitted the essay for a CFA Level 2 scholarship. I want to take the Feb 2022 exam.

      Just read somewhere that early bird registration closes on 10 aug 2021.

      Can you tell me how much time it take to know if you got awarded a scholarship or not?

      Thanks 🙂

      gontata voted up
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      Will unsuccessful applicants for a CFA scholarship be able to register with the CFA exam early-bird registration fee?

      Applicants that are not awarded a CFA scholarship are offered the early exam registration fee for the next exam registration, so you should still get the early-bird registration fee even if you miss the early-bird deadline.

      When will you know if you’ve been awarded your CFA scholarship?

      Depends on the type of scholarship.

      For some scholarships, applications are under the management of relevant external institutions. For example an individual applying for a Student role-based scholarship will have his or her application processed by the affiliated university where they are enrolled. Response times will vary therefore by institution.

      On the other hand, applications for the Women’s scholarship are reviewed by CFA Institute on a quarterly cadence and so candidates can expect to hear the outcome of their application within approximately 12 weeks.

      How long do you have to use your CFA scholarship if awarded?

      Successful role-based or Women’s scholarship applicants have up to 12 months in which to use their Award.

      gontata voted upZee Tan voted upmikey voted up
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      2

      Thanks for such detailed answer 😊😊

      Zee Tan voted upmikey voted up
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      Hi,

      I am appearing for the November 2021 Level 1 exam (already registered through early bird), and was not aware about the CFA Institute Scholarship Program. Will I be able to apply for a scholarship for the August 2022 Level 2 exam (if I do end up clearing Level 1), given that I did not apply for any scholarship in Level 1?

      Any insights about this would help me greatly.

      Thank you 🙂

      • Up
        1

        You will not be able to apply for a CFA scholarship for the exam you’re currently registered for – you must apply for it before registering.

        But yes, you can apply for a CFA scholarship for the following level, i.e. Level 2 for you. Even if you fail Level 1 you should be able to apply for a CFA scholarship for your following attempt.

        gontata voted up
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