CFA Exam Scholarship in the Philippines

Those planning to take the Chartered Financial Analyst (CFA) exam but are deterred by the high cost can now take it at a much lower cost, thanks to the CFA Philippines Scholarship Program.

What is the CFA Exam?

The Chartered Financial Analyst (CFA) is an international professional designation offered by the CFA Institute to financial analysts who complete Levels I, II and III of the exam. To officially become a CFA Charterholder, candidates must pass all three exams, possess a bachelor’s degree (or equivalent, as assessed by the CFA institute) and have 48 months of work experience in an investment decision-making position.

What are the three CFA exams?

Level I is composed of multiple choice questions and is offered in June and December of every year. It includes 240 total multiple choice questions: 120 on the morning session and 120 on the afternoon session of the exam. Each multiple choice question is not dependent on other questions and has three possible answers: A, B, and C.

Level II is composed of item sets and is offered in June only. It consists of 20 item sets or mini-cases: 10 on the morning session and 10 on the afternoon session of the exam. Each item set has 6 questions, for a total of 120 questions.

Level III is composed of  essay questions and item set and is offered in June only. The essay exam is given in the morning session and has a maximum score of 180 points. The essay exam typically has 10-15 questions, and questions may have multiple parts. The points for each question and each question part are given in the exam. In the afternoon, the item set exam is administered, with a maximum score of 180 points.

How much does the CFA Exam cost?

For the December 2010 Level I CFA Exam, the cost is US$1,110 (Program enrollment of $400 for new candidates plus the $710 exam registration) if you pay on or before August 24, 2010.

Afterwards until September 15, the exam cost is US$1,435 ($480 Program enrollment plus $955 exam registration).

What are the benefits of the CFA Exam Scholarship?

The scholarship waives the registration fee and discounts the normal enrollment fee for all three levels of the exam. Recipients recipients pay only a non-refundable, non- transferable fee of $220.

Who are eligible for the CFA Exam Scholarship?

All December 2010 Level 1 Exam candidates in the Philippines can apply for the CFA scholarship. Undergraduate students must graduate before the exam date to be eligible for the scholarship. The criteria are financial need, scholastic grades, and work experience (or possible career) in the investment industry.

How to apply?

Download and fill out this application form, attach your resume, Income Tax Return (ITR), and Transcript of Records and submit on or before 12 noon of July 5, 2010 to the contact person mentioned in the form.

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

4 thoughts on “CFA Exam Scholarship in the Philippines”

Leave a Comment