CFA Exam Scholarship – Philippines

The CFA Society of the Philippines is offering scholarships for the December 2009 Chartered Financial Analyst (CFA) Level I examination.

Read below for details on how to apply for the scholarship.

What is the CFA Program?

The Chartered Financial Analyst (CFA) is an international professional designation offered by the CFA Institute to financial analysts who complete a series of three examinations. In order to become a “CFA Charterholder,” candidates must pass all three six-hour 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.

When are the CFA exams held?

Level I exams are held in June and December. Levels II and III are only held in June. Exams for all levels are held in locations around the world. For a listing of CFA testing centers, visit the CFA Institute website.

How much does the CFA exam cost?

Fees for the CFA Exams can be found here.

Who are eligible for the CFA Scholarship?

All December 2009 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. For the CFA Society of the Philippines, the criteria are financial need, scholastic grades, an essay on why prospective scholars would like to enter the CFA Program, and relevant work experience.

What are the benefits of the December 2009 Level I CFA Scholarship?

The scholarship waives the registration fee and discounts the normal enrollment fee for the Level I exam. Recipients only pay a non-refundable, non-transferable fee of US$220.00.

Where to download the application form?

Click here to download: CFA Level I Exam Scholarship Application.doc

Questions? Submitting application?

For inquiries regarding scholarship or to submit your scholarship application, please address it to:

c/o UnionBank of the Philippines
23/F UnionBank Plaza
Meralco Ave. corner Onyx St.
Ortigas Center, Pasig City
Telephone No.: 944-8084
Fax No.: 638-0234
E-mail address:

Good luck to all who are taking the CFA Level I Exam this December and to all currently waiting for the results of the June 2009 CFA Exams!

9 thoughts on “CFA Exam Scholarship – Philippines”

  1. CFA is one of the most in demand people in the market nowadays. I also thought of taking it before; either CFA or Actuarial since my educational background is in Mathematics. But with my current workload, I don’t think I would have enough time to review for these exams not to mention the fees associated in taking it. If you failed, then sayang naman yung fee na binayad mo.
    .-= Millionaire Acts´s latest blog ..What is your source of motivation? =-.

  2. I was planning to take the CFA exam. However, I changed my mind and opted to attend the Registered Financial Planning Course from Registered Financial Planners Philippines also known as RFP Philippines.

  3. The CFA exam is really tough. Those I know who has taken it really dedicated at least 2-3 hours everyday just to study. But if you passed and eventually became a CFA, the payoffs are great. The CFAs I know who are working in the US are earning $300,000 – $500,000 a year.

  4. passing the CFA exam also makes your moneys worth it. Imagine, you are going to be an international holder for that profession. Unlike other that you have to take another exam in another country just for you to practice it.

  5. I simply can not come across a place here to order a subscribtion to “Letters in the Mail” for your reward or two and also for myself.It sounds like a wonderful idea and several of my buddies is going to be delighted to receive letters in the mail….Diane

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