CFA Exam Scholarship – Philippines

James Ryan Jonas

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!

James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.