CFA ® Scholarship Guide

CFA Scholarship Guide

A CFA Scholarship is financial support for individuals who may be unable to afford all the fees of the CFA program . All CFA Institute Scholarships include a waived enrollment fee and discounted registration.

There are multiple scholarships and each one has a different set of application requirements, eligibility rules, and application windows.  CFA scholarships are available for existing CFA program candidates and people considering pursuing the CFA charter.  If you are an existing CFA program candidate you can apply for a scholarship for Level I, II, or III exams depending on which stage of the program you are at.  

TABLE OF CONTENTS

What Are The Total Fees of The CFA Program?

  • CFA Access Scholarship
  • CFA Women’s Scholarship
  • CFA Student Scholarship
  • CFA Professor Scholarship
  • CFA Regulator Scholarship
  • How To Check Your CFA Scholarship Application Status
  • Can You Reapply for A CFA Scholarship If You Aren’t Chosen?

How Many People Get CFA Scholarships?

The total fees for a CFA program candidate are over $3,000 USD. Considering it’s common for CFA program candidates to have accrued debt from gaining a traditional education in finance from a college or university, a CFA Scholarship can make a difference.  

What Is The CFA Access Scholarship?

The CFA Access Scholarship is designed to specifically improve access for individuals who are considering the CFA program and may be unable to afford all the fees associated with the program.  Recipients of the CFA Access Scholarship will be able to enroll in the CFA Program for free and pay $250 USD to register for the CFA exam vs the standard exam registration fee. 

CFA Access Scholarship Application Requirements

As you gather materials for the CFA Access Scholarship application don’t forget to:

  • Disclose any potential conflicts of interest
  • Include references
  • Write a personal statement
  • Submit the application within the designated application window

How To Apply For The CFA Access Scholarship

The first step to applying for the CFA Access Scholarship is to make sure you meet the enrollment criteria and requirements for the CFA program . 

If you meet those requirements, check to see when applications are being accepted for the CFA Access Scholarship . 

The CFA Institute usually opens registration for the CFA Access Scholarship once or twice a year.  When the application window is open you can submit your application for the scholarship through your CFA Institute account.

How To Write A Personal Statement For The CFA Access Scholarship

Writing a personal statement for the CFA Access Scholarship is an important part of developing your application because awards may be granted based on a combination of factors.  The factors to emphasize in your personal statement should be:

  • Financial need
  • Academic, professional, or other accomplishments
  • Any obstacles you’ve overcome
  • Any contributions to your local community
  • Why you’re interested in pursuing the CFA charter
  • Some personal characteristics that indicate why you should be considered for the scholarship

What Are The Rules For The CFA Access Scholarship?

Besides being eligible to enroll in the CFA program and submitting your application on time, there are rules that you should be aware of when applying for the CFA Access Scholarship.

  • While your scholarship application is pending, you should not register for a CFA Program exam.
  • If you are awarded the CFA Access Scholarship, you’ll receive email instructions that must be followed about when you can register for the exam.
  • Awards may not be sold, transferred, deferred, or assigned and are not convertible to cash.
  • If you are awarded the CFA Access Scholarship, and you don’t show up for the exam, you may be ineligible to receive future scholarships.

CFA Access Scholarship Deadlines

CFA Access Scholarship application windows contain an open date and a deadline. The deadlines for applying to the CFA Access Scholarship fluctuate each year but are usually around 35 days after the open date.  

What Is The CFA Women’s Scholarship?

The CFA Women’s Scholarship is designed to specifically improve access for women who are considering or currently enrolled in the CFA program and do not qualify for other CFA Institute scholarships.  Recipients of the CFA Women’s Scholarship will be able to enroll in the CFA Program for free and pay $350 USD for exam registration vs the standard exam registration fee.

CFA Women’s Scholarship Application Requirements

Make sure to include these components in your CFA Women’s Scholarship Application:

  • Disclosure of any potential conflicts of interest
  • A personal statement

How To Apply For The CFA Women’s Scholarship

CFA Women’s Scholarship applicants can be currently enrolled in or be in the consideration phase of enrolling into the CFA program.  The steps for applying are the same however if you are not already enrolled in the CFA program you should make sure you meet the enrollment criteria and requirements for the CFA program first. 

The next step regardless of what stage of the CFA Program you are in is to check when applications are being accepted for the CFA Women's Scholarship . 

The CFA Institute usually opens registration for the CFA Women’s Scholarship once or twice a year.  When the application window is open you can submit your application for the scholarship through your CFA Institute account. 

If you receive the CFA Women’s Scholarship, apply for Kaplan Schweser’s materials scholarship to help cover the cost of your materials.

How to write your essay for the cfa women’s scholarship.

Writing a personal statement for the CFA Women’s Scholarship is an important part of developing your application because awards may be granted based on a combination of factors.  

The factors to emphasize in your personal statement should be:

  • Experience in the investment management industry

What Are The Rules For The CFA Women’s Scholarship?

Besides submitting your application on time and being eligible to enroll in the CFA program if you haven’t enrolled yet, there are rules you should be aware of when applying for the CFA Women’s Scholarship.

  • If you are awarded the CFA Women’s Scholarship, you’ll receive email instructions that must be followed about when you can register for the exam.
  • If you are awarded the CFA Women’s Scholarship, and you don’t show up for the exam, you may be ineligible to receive future scholarships.

CFA Women’s Scholarship Deadlines

The CFA Women’s Scholarship application window contains an open date and a deadline. The deadlines to apply for the CFA Women’s Scholarship fluctuate each year but are usually around 28 days after the open date.

What Is The CFA Student Scholarship?

The CFA Student Scholarship is designed to financially support students around the world who are enrolled at a CFA Insitute affiliated university and considering entering the CFA program. Recipients of the CFA Student Scholarship will be able to enroll in the CFA Program for free and will be able to pay $350 USD for exam registration vs the standard exam registration fee.

CFA Student Scholarship Application Requirements

Each CFA Institute-affiliated university has a different set of requirements for the CFA Student Scholarship so pay extra attention to the additional documentation pertaining to your college or university for the CFA Student Scholarship.

How To Apply For The CFA Student Scholarship

The first step to applying for the CFA Student Scholarship is to make sure your school or college is in the CFA Insitute University Affiliation Program . If they are not currently enrolled in that program you will need to discuss enrolling your college or university into this program with the appropriate person at your school.  

If your college or university is enrolled in the CFA Institute University Affiliation Program, start by checking when applications are being accepted for the CFA Student Scholarship .

The CFA Institute usually opens registration for the CFA Student Scholarship once or twice a year.  When the application window is open you can submit your application for the scholarship through your CFA Institute account. 

If you receive the CFA Student Scholarship, apply for Kaplan Schweser’s student scholarship to help with the cost of your exam prep materials.

What are the rules for the cfa student scholarship.

Besides being enrolled at a college or university that is a part of the CFA Institute University Affiliation Program, there are rules that you should be aware of when applying for the CFA Student Scholarship.

  • If you are awarded the CFA Student Scholarship, you’ll receive email instructions that must be followed about when you can register for the exam.
  • If you are awarded the CFA Student Scholarship, and you don’t show up for the exam, you may be ineligible to receive future scholarships.

CFA Student Scholarship Deadlines

The CFA Student Scholarship application window is open for most of the year but does contain an open date and a deadline. The deadline to apply for the CFA Student Scholarship fluctuates each year but is usually around 10 months after the open date.

What Is The CFA Professor Scholarship?

The CFA Professor Scholarship is designed specifically for full-time college or university professors or department administrators who teach topics found in the CFA Program Candidate Body of Knowledge . Recipients of the CFA Professor Scholarship will be able to enroll in the CFA Program for free and pay $350 USD for exam registration vs the standard exam registration fee.

CFA Professor Scholarship Application Requirements

Applications for the CFA Professor Scholarship must:

  • Confirm you are a full-time professor and the number of credit hours you teach per quarter or semester
  • Include a CV
  • Attach a form of employment verification
  • Be submitted within the designated application window
  • Be submitted before registering for an exam

How To Apply For The CFA Professor Scholarship

The first step to applying for the CFA Professor Scholarship is to make sure you teach the minimum number of credit hours at your institution, which is set by the CFA Institute. 

If you do, then you must get that information verified by obtaining an English language letter from your university.  This English language letter should be on a university-branded letterhead and signed by an administrator from your institution. 

Then you’ll need to gather one of the following forms of employment verification:

  • A copy of a university-issued identification card
  • A university-affiliated email address
  • Proof of a teaching license from an issuing government agency
  • A list of current publications, research papers, or some other document that confirms your affiliation with said institution

Once you have those materials, you can start checking to see when applications are being accepted for the CFA Professor Scholarship .

The CFA Institute usually opens registration for the CFA Professor Scholarship once a year.  When the application window is open you can submit your application for the scholarship through your CFA Institute account. 

If you receive the CFA Professor Scholarship, apply for Kaplan Schweser’s professor discount to help with the cost of your exam prep materials.

What are the rules for the cfa professor scholarship.

Besides being teaching the minimum number of credit hours in topics covered in the CFA Program Candidate Body of Knowledge, there are rules that you should be aware of when applying for the CFA Professor Scholarship.

  • If you are awarded the CFA Professor Scholarship, you’ll receive email instructions that must be followed about when you can register for the exam.
  • If you are awarded the CFA Professor Scholarship, and you don’t show up for the exam, you may be ineligible to receive future scholarships.

CFA Professor Scholarship Deadlines

The CFA Professor Scholarship application window is usually for most months of the year but it does contain an open date and a deadline. The deadline to apply for the CFA Professor Scholarship fluctuates each year but the application window usually closes around 11 months after the open date.

What Is The CFA Regulator Scholarship?

The CFA Regulator Scholarship is designed specifically for organizations in the financial industry that regulate operations in the investment management industry. Organizations that receive CFA Regulator Scholarships will be able to nominate employees to apply internally to receive free enrollment in the CFA Program and a reduced exam registration fee of $350 USD vs the standard exam registration fee. 

CFA Regulator Scholarship Application Requirements

If you are applying for the CFA Regulator Scholarship as an organization, the application should contain:

  • Disclosures of any potential conflicts of interest
  • Confirmation that the organization oversees or regulates operations, standards of practice, or business conduct in the investment management industry
  • Agreement to the terms and conditions of participation set by the CFA Institute 

How To Apply For CFA Regulator Scholarship

If you represent an organization, you will need to get in touch with the CFA scholarship team at CFA Institute to discuss the process of entering into a program agreement with CFA Institute.  

If you have been nominated to receive a CFA Regulator Scholarship on behalf of your organization, HR or the CFA representative in your organization will determine the requirements for your scholarship application.

What Are The Rules For The CFA Regulator Scholarship?

As an individual who gets nominated for the CFA Regulator Scholarship through their employer, you should be aware of the rules below if you are awarded the CFA Regulator Scholarship.

  • You’ll receive email instructions that must be followed about when you can register for the exam.
  • If you don’t show up for the exam, you may be ineligible to receive future scholarships.

CFA Regulator Scholarship Deadlines

CFA Regulator Scholarships are allocated annually to participating organizations and those organizations will determine the application window.

Check Your CFA Scholarship Application Status

If you want to check the status of your CFA Scholarship application, start by logging in to your CFA Institute account and looking for a status update on your application.  Pay attention to the dates listed for the application window and make sure the application deadline has passed.  

If you would like to speak with someone directly about your application email the CFA Insitute Scholarship department . 

When Are CFA Scholarships Recipients Announced?

It can take a few weeks or months for the CFA Institute to announce CFA Scholarship recipients. Sometimes members of the CFA society will request additional information from you or request to conduct a reference check or personal interview.  

Can You Reapply For A CFA Scholarship If You Aren’t Chosen?

Yes, if you are eligible and apply for a CFA scholarship and don’t get selected, you can re-apply.  Even if you receive a CFA scholarship, you can be selected again for the same CFA scholarship if you re-apply.  

The CFA Institute does not disclose how many scholarships are awarded each year, however, it is fair to assume that at least one CFA scholarship is awarded each year for each type of scholarship.

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Writing a CFA ® Scholarship Essay: Securing Your Exam ‘Discount Coupon’

Finance graduates discussing on how to write CFA scholarship essay

One concern for any individual applying for scholarships is writing an essay that is compelling and ultimately makes the case. While the process can be intimidating, it is essential to recognize that the essay is critical to the scholarship application. The quality of your essay can significantly affect your chances of being selected for the scholarship. Apart from letting you showcase your relevant skills and abilities, your essay also functions as a launchpad to reduced fees and additional stipends. So, you know it is a critical component of your scholarship application, thus the importance of crafting a well-written and thoughtful essay that sets you apart from other applicants. 

But don’t worry; we have some tips to help you write a CFA scholarship essay that leaves a strong impression and helps to secure the funding you need to achieve your goals.

Start with a Strong Introduction

Your introduction is the first thing the scholarship committee will see, so making a solid first impression is essential. Start with a hook that grabs readers and makes them want to keep reading. This could be a relevant quote, an interesting statistic, or a brief personal story highlighting your passion for finance. Your introduction should also include a quick overview of your background, including any relevant education, work experience, and achievements in finance.

Outline Your Goals and Career Path

In the body of your essay, it’s essential to outline your goals and career path clearly. This will help the scholarship committee understand why you seek financial support and what you hope to accomplish with your CFA charter. Start by discussing your short-term and long-term career goals. Be specific and use concrete examples to demonstrate your passion for finance and commitment to pursuing a career. Next, discuss your career path and show how obtaining a CFA designation will help you achieve your goals. Mention any relevant internships, volunteer experience, or job responsibilities that have helped you develop your skills and experience in finance.

Demonstrate Your Commitment to Professional Development

The scholarship committee wants to see that you’re committed to professional development and growth. Demonstrate this by discussing relevant training, continuing education courses, or financial certifications you’ve earned. In addition, talk about your involvement in professional organizations, such as the CFA Institute or the Financial Analysts Society. This will show that you’re invested in staying up-to-date on industry trends and developments and committed to contributing to the finance community.

Showcase Your Skills and Qualifications

In the body of your essay, showcasing your skills and qualifications is vital. This will help the scholarship committee see why you’re a good fit for the scholarship and deserve financial support.

Some skills and qualifications you should highlight include:

  • Financial analysis and modeling
  • Investment research and analysis
  • Financial reporting and accounting
  • Risk management and portfolio optimization
  • Financial market knowledge and expertise

Use real-world examples to show how you’ve used these skills in the past, either at work or in school. This will help bring your qualifications to life and make them more compelling to the scholarship committee.

Conclude with a Strong Call to Action

In your conclusion, summarize the key points from your essay and reiterate why you’re the best candidate for the scholarship. End with a solid call to action, encouraging the scholarship committee to consider your application and supporting your pursuit of a CFA charter. Your conclusion should also include a statement of gratitude, thanking the scholarship committee for considering your application and for the opportunity to further your education and career in finance.

Proofread and Edit Your Essay

The final tip for writing a successful scholarship essay is to take the time to proofread and edit it for errors and clarity. You should proofread the essay at least once and possibly multiple times, depending on the time available. Be sure to review the essay’s content, flow, grammar, and spelling.

As a helpful tip, reading the essay aloud can help identify many grammar and spelling errors.  

Also, have someone else, such as a family member, teacher, or friend, review the essay after producing a second draft. Sometimes, we are just too close to our own work. Having someone else review the essay can provide an external perspective and helpful feedback.

A man standing next to a blackboard with “Whats your plan” written on it

Take a Deep Breath and Stay Positive

Once you’ve sent in your scholarship application, the best way to stay calm while you wait is to keep a positive attitude. Then accept whatever the outcome is. In case you don’t make the cut, there are many other CFA exam scholarships that you can keep an eye out for. Just take a deep breath and trust the process.

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ScholarshipTab

How to Write a Good Personal Statement for a Scholarship ( 7 PDF Sample Examples)

Published: 12 Apr 2021 Scholarship Application 53,326 views

How to Write a Good Personal Statement for a Scholarship ( 7 PDF Sample Examples)

Have you been asked by the scholarship committee to provide a personal statement for a scholarship? Are you clueless on how to draft a statement of purpose for scholarship? Do you need a perfect step by step guide to get you started?  Say no more! We got you covered. Today, you will master the art of writing a winning personal statement.

You will learn the following:

  • What is a scholarship personal statement?
  • Types of Personal Statement topics
  • Parts of a Personal statement for scholarship
  • Perfect step by step guide to writing a winning scholarship personal statement
  • Tips on scholarship personal statement: Dos and Don'ts
  • How to structure and format a personal statement
  • Sample example of a personal statement for scholarship
  • Sample example of personal statement for scholarship pdf
  • Personal statement for scholarship application examples

What is a Scholarship personal statement?

A personal statement for scholarship is a short content that conveys the message that you are a perfect candidate for a scholarship in an undergraduate, graduate or postgraduate programme. In your personal statement for scholarship 500 words, you will be providing solid evidence and examples pertaining to your experience and motivation. Your personal statement will explain why the particular programme is the right one for you, how it's connected to your personality and previous studies and what changes you would make in your society if you follow the programme.

The purpose of a personal statement is to invite the admission committee to get to know you better. You are to convince the admission committee that you are a good fit for a chosen degree. The aim is not to impress the application committee. Rather, the goal is to point to the kind of student you are. Like sample scholarship application letter for masters degree, you have to do some self - reflection to figure who you are and your future goals. When you do that, you can easily transfer your individuality to the essay.

Check out: How To Write A Letter Of Intent For Scholarship (4 PDF Sample LOI Example)

Six (6) Types of Personal Statements  Prompts

As earlier mentioned, your personal statement should share something about you. It should include aspects that have not been found in your résumé. It should indicate how deserving you are of the scholarship. It should be geared towards the scholarship provider's goals.

Usually there are various topics for composing personal letter for scholarship. You would choose one category prompt and develop your personal statement. Your choice of topic will determine the parts of your scholarship personal statement.

Prompt (1): Why do you want to attend this institution?

Simply let the committee know why you are interested in that institution. Focus on what makes the programme or scholarship so unique. Does it offer career services and facilities? Is it known for talented professors that you want to learn from?

Prompt (2): Overcoming a Problem

You will be asked to identify a problem or a failure you encounter. In personal statement for scholarship sample doc,this is where you will share how you overcame it along with the lessons you were able to learn. It could be bullying, addiction, loss of a family member or a close friend, moving to a new city etc. Share it and let the committee know the stuff of which you are made up.

Prompt (3): Creative topics

Some universities offer special, think - outside - the - box topics. They could be as tricky as "What can be actually be divided by zero?". In sample personal statement for scholarship application pdf like this, you could consider each question on its own. Brainstorm innovative ideas and see which ideas you feel passionate about.

Prompt (4): A Personal History of You

This topic asks you to relate an event in your life that incited a period of personal growth. You could also pinpoint a person who had a catalyzing effect on you and made you have a new understanding of yourself. Your first job, a unique talent that you have or a personal goal you achieved can be very catching ideas for your statement of purpose for scholarship application sample.

Prompt (5): Brainstorming New Ideas

This category of topics is about understanding how you relate with novel and diverse perspectives. You could refer to a time when you questioned a long - held belief. The reasons for changing your perspective could make a great scholarship personal statement for scholarship 500 words pdf. Universities want to know how you handle differences.

Prompt (6): Your Future Goals

What does your future look like? Do you want to be a professor? A chef? A journalist? This personal statement for scholarship application examples pdf prompt reflect on what you would like to become professionally. Through this topic, the scholarship committee wants to know how the scholarship would help you learn what you need to acquire so that you can achieve your career goals. They want to measure your level of awareness, vision and determination.

Parts of a Personal Statement for Scholarship

After you choose your topic, you may be tempted to quickly proceed with writing your sop for scholarship samples. Pause!!! You have one more step to take. You need to create an outline . An outline will help you to coordinate your thoughts and ideas. It will guide the direction of your writing and you would not be rewriting your content countless times.

There are two ways to create your outline. There is the process outline and the passion outline . If you want to discuss your personal growth, the process outline will help in explain the journey of your personal growth (before, during and after stages). If you want to share your passion, use the passion outline to relate various experiences that shaped you in becoming more competent.

After creating your outline, you can safely proceed with the sections of your statement of purpose for scholarship pdf.

Introduction Paragraph:

For example, say you are preparing a sample personal statement for fulbright scholarship. The introduction is the most sensitive part of your personal statement. Do you know why? You would need to grab the attention of your commitee and keep them reading. You could use a rhetorical question, a quick story, a surprising fact or simply a short explanation of what you will talk about in your content.

Body Paragraphs:

This part depends largely on your choice of topic and your choice of outline. If you are discussing about overcoming a problem, a personal history of you or your future goals, use the process outline and share the lessons, your background and your long - term career goals.

If, on the other hand, you choose to discuss a newly adopted idea, why you want to go to the school, or something creative, deploy the passion outline to think outside the box and relate your unique perspectives on life.

Just make sure that you are authentic, unique and use copious examples in your personal statement essay for scholarship.

Conclusion:

What if you are concluding your statement of purpose for fulbright scholarship? This is not just the part where you summarize the previous paragraphs. This is the point where you leave a lasting impression on your reader. Use a call - to - action or a hope for the future to explain why this scholarship is important to you.

Read: How to Write a Good Scholarship Thank You Letter (8 PDF Sample Examples)

The Perfect 8 Step - by - Step Guide to writing a Winning Personal Statement for Scholarship

Still concerned about how to start your example of personal letter for scholarship? Don't worry. Here is a step - by - step manual that can guide you from the minute you sight the essay prompt to the minute you hit "Submit".

Step One (1): Read your Prompts

Carefully read your topics. Understand what the scholarship committee is asking of you. Before choosing the prompt you want, try to grasp what the personal statement for university scholarship

should be like. Check carefully if there is anything like "Write on your topic in three pages of 600 words"!

Step Two (2): Be on the lookout for additional information

Are there rules and guidelines for additional information that may not be in the prompt? You need to read them carefully. Ascertain the kind of formatting that is required, when the scholarship application statement due date is or what you may need to submit with your personal statement.

Step Three (3): Brainstorm Novel Ideas

Don't rush to write the personal statement for applying scholarship with the first idea that pops up in your head. Consider various ways to answer the prompt you chose. Jot down all the ideas that come to mind and review them later.

Step Four (4): Outline your personal statement

Organize essential points and concepts of your content. As it was suggested earlier, this will help you coordinate your major ideas so that you won't forget them. In that way, you will write the best statement of purpose for scholarship.

Step Five (5): Create a mouth - watering introduction

When writing personal statement for scholarship, keep your thesis concise but at the same time, arrest the attention of your reader. Be more concerned about your story and less worried about big vocabulary. In a simple way, try to communicate the core concept of your content.

Step Six (6): Be yourself when writing the body paragraphs and conclusion

At this stage, make your scholarship statement example personal and relatable. Simply, write what you know. Find a way to share why your choice of topic is significant to you. Let the body paragraphs reflect your personal knowledge, experiences and passion. Make your essay as specific as possible and customize it to fit the scholarship.

Step Seven (7): Revise your personal statement

This time, re-read your personal statement sample for scholarship pdf with a critical eye. You can read it out loud and listen to the flow. Is it consistent? Is it logical? Is there a room for reworking?

Step Eight (8): Proofread, edit and hit "submit"

Look specifically for spelling and grammar errors. For example, say you are writing a fulbright personal statement example. Find a friend who has a strong command of the written word and can completely address the people alongside the content. Finally, submit your personal statement in the chosen electronic form (docx or pdf).

Tips: What TO do when writing a personal statement

  • Start your personal statement for college scholarship with a captivating sentence so as to arrest the attention of the admission officers.
  • Relate outside interests and passion of your course.
  • Ensure you write what comes naturally.
  • Have a close family relative or friend to proof read it.
  • Be specific and express everything in short paragraphs.

Tips: What NOT TO do when writing a personal statement

  • Don't attempt to sound too savvy.
  • Don't procrastinate. Prepare the statement purpose for scholarship ahead of the deadline.
  • Don't duplicate information from your resume.
  • Don't spend too long on the introduction.
  • Don't be dishonest. Yet, don't involve too much negative information.

Consider : How To Write A Good Scholarship Acceptance Letter (5 PDF Sample Examples)

Personal Statement Formatting

Now, here in Scholarship Tab , we say that the personal statement format for scholarship is as important as the content. So here is how to do a thorough formatting of your statement of purpose for scholarship sample.

Your personal statement must:

  • be between 500 - 700 words.
  • have short sentences of not more than 25 - 30 words.
  • be between 1 - 2 pages.
  • have a maximum of 47 lines.
  • use headings (optional) to break up the content, eg "How did I develop my passion", "Why I wish to study in this college"...
  • use Arial or Times New Roman font and size 12 - 14 px.
  • be left - aligned and have 1.5 px line spacing.

Sample Personal Statement for Scholarship Application

Did you think we would leave you without a sample? Not a chance. Here is a personal statement sample for scholarship

 of Melissa, a student applying for Masters in Creative Writing. Read and learn:

“Can you compose a story for me? I am a keynote speaker at a conference. I want to start with a story and arrest the attention of my audience. Can you handle that for me?” That was a favor asked by my endearing lecturer in my university days. I could tell that he reposed confidence in my writing skills. So, for the umpeenth time, I agreed to assist him in storytelling. Let me explain how I became the capital helping hand of many keynote speakers.

I always remembered myself with a pen and a piece of paper. I wouldn't tag myself as an enchanting speaker. But I was surprisingly celebrated for my essays in school. My maths teacher would always frown each time I murdered the solution of a mathematical equation or geometry on the board. However, you could see the English teacher's face light up whenever she praised my writing performance to my parents. Miss Katherine, my English teacher, soon became my muse for acquiring a bachelor's degree in English Literature in my early 20s.

In high school, my writing prowess was noticeable even amongst my peers. Soon, I was dragged to theatre stage plays. Was I asked to perform? Not exactly! I was asked to write theatre scripts. In time, the refreshing and full - of - life dialogues stole the hearts of the returning audience and we would always win.

In my university days, I worked as a copywriting intern in an advertising agency. One of our clients was a Non - Governmental Organization (NGO) aimed at combating the effects of gender inequality. I was particularly touched by their projects. So I gave my very best in composing a thought - provoking content for their publicity. I was soon informed that the NGO gained immense popularity in a short period of time. I was elated. One day, the founder of the NGO called me while I was on a break. I still remember her words:

“I just want to thank you for the article you wrote for us. Thank you, Melissa for sharing your talent. You have helped thousands of women gain confidence in what we do and feel protected. You should be proud of yourself!”

That one - minute call revealed my life time purpose - to put the bemoaning thoughts, unmet requests, unrealized dreams and unattended needs of unprotected women in writing. This propelled to establish my magazine called WWW - Writing for Wonderful Women.

That's why I want to study Creative Writing. I want to develop my niche in the publishing world. I know that with the lecturers of this program,  I will sharpen my research and writing abilities. With your help, I could facilitate my dream - my dream of airing the views of less privileged women with a pen and a paper.

Check out: Top 20 Online Jobs for College Students 2021

Statement of Purpose for Scholarship Sample pdf

Did you like the above sample personal statement for masters scholarship? Do you want to remain inspired and get the best out of it before you write your own? Here is personal statement for scholarship pdf. Download it, digest it and compose your own masterpiece! Download  statement of purpose for scholarship sample pdf

Sample Letter Examples Personal Statement for Scholarship

We understand that there are specific scholarships whose personal statement need to be tailored. We want to share them with you as we desire nothing more but for you to excel. Here are some leading examples:

Sample Fulbright Personal Statement

Fulbright is a popular US cultural program that aims at improving intercultural relations, cultural diplomacy and intercultural competence between the people in the USA and other countries.

Here is a sample example of the personal statement to get the fulbright scholarship.

PTDF Scholarship Personal Statement Sample

The Petroleum Technology Development Fund (PTDF) aims at qualifying graduates and professionals in the field of engineering, geology, science and management in the oil and gas sector in Nigeria. Do you want to become a PTDF beneficiary?

Write, edit and download your ptdf scholarship personal statement sample here.

KGSP Statement of Purpose

The Korean Government Scholarship Program statement of purpose kgsp is designed to equip international students with opportunities to study at higher educational institutions in Korea for academic degrees. So you would need to compose a thought – provoking personal statement for kgsp

Check out this link and see how a well accepted kgsp statement of purpose looks like.

CFA Scholarship Personal Statement Sample

The CFA Institute Scholarships are intended to promote the highest standards of ethics, education and professional excellence. There are various types of scholarship such as access scholarship, women's scholarship or regulator scholarship.

If you are eligible for any of the above, download the tailored CFA Scholarship personal statement for scholarship examples.

Nus Merit Scholarship Personal Statement

What about the nus merit scholarship personal statement? The program is a highly coveted scholarship that targets high calibre of individuals that showcase academic excellence and outstanding leadership qualities.

If you have presented and excellent record of leadership, check out the sample nus merit scholarship personal statement

Sample Scholarship Personal Statement for Masters

Are you interested in getting a masters degree? Were you asked to provide a thrilling personal statement? 

Check out this smashing  sample scholarship application letter for masters degree pdf

So, as you can see, with the proper guide and excellent personal statement samples, your personal statement will help the admission officers to know more about you as a student, your goals and how the scholarship will help you continue your education. So write memorable personal statement essay examples for scholarships that stand out among the hundreds of other submissions.

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18 November 2023

7 minutes read

Mastering the CFA Access Scholarship Personal Statement: A Comprehensive Guide

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Dirghayu Kaushik

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The Chartered Financial Analyst (CFA) designation is a prestigious certification in the finance and investment world. Obtaining this certification is a rigorous process, involving extensive exams that require not only a deep understanding of financial concepts but also a significant financial investment.

This is where the CFA Access Scholarship comes into play, offering a pathway for those who have the intellectual capability but may lack the financial means to pursue this esteemed qualification. In this comprehensive guide, we’ll delve into the nuances of crafting a compelling personal statement for the CFA Access Scholarship application.

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  • The Role and Impact of the CFA Access Scholarship in Finance Careers

Understanding the CFA Access Scholarship

Before diving into the personal statement, it’s essential to grasp what the CFA Access Scholarship is and its significance in a finance career. The CFA Institute offers this scholarship to promote diversity and inclusion within the finance profession, making the CFA Charter more accessible to individuals worldwide. The scholarship covers a portion of the CFA program enrollment and exam registration fees, reducing the financial barriers for deserving candidates.

Impact on Career Advancement

The CFA Charter is recognized globally and is often considered the gold standard in the fields of investment management and financial analysis. Having this designation can significantly boost your career, opening doors to advanced positions and higher salary brackets. Therefore, winning the CFA Access Scholarship is not just about financial assistance; it’s a stepping stone towards a prosperous career in finance.

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  • Crafting a Winning Personal Statement for the CFA Scholarship

Crafting a compelling personal statement for the CFA Access Scholarship is crucial to your application. It’s your opportunity to distinguish yourself from other candidates and demonstrate your suitability for this prestigious award. Here’s how you can craft a winning personal statement:

  • Begin with an engaging opening that captures the reader’s attention.
  • Introduce your passion for finance and how it aligns with your career goals.
  • Detail your academic background, highlighting any finance-related studies or achievements.
  • Discuss relevant work experiences, internships, or projects that have shaped your interest in finance.
  • Clearly explain your financial circumstances and why the scholarship is essential for you.
  • Be transparent and honest without overstating your situation.
  • Discuss how obtaining the CFA Charter aligns with your long-term career objectives.
  • Highlight the specific skills and knowledge you aim to gain from the CFA program.
  • Discuss current trends or challenges in the finance industry and your perspective on them.
  • Explain how the CFA Charter will equip you to contribute meaningfully to the industry.
  • Share personal traits or experiences that showcase your dedication, perseverance, and commitment to finance.
  • Include any recognitions or awards received that are relevant to the finance field.
  • Emphasize the importance of ethics in finance, aligning with the CFA Institute’s focus on integrity.
  • Mention instances where you’ve demonstrated ethical behavior in academic or professional settings.
  • Elaborate on how the scholarship will impact your studies and future career.
  • Talk about the broader impact of receiving the scholarship, such as how it would enable you to contribute to your community or sector.
  • Summarize your key points and restate your enthusiasm for the CFA program.
  • End with a confident, forward-looking statement about your career aspirations and the role of the CFA Charter in achieving them.
  • Edit your statement for clarity, grammar, and conciseness.
  • Consider getting feedback from mentors or peers, and revise your statement accordingly.

Aligning Your Statement with the CFA Institute’s Mission

Understanding the institute’s values.

The CFA Institute prides itself on its commitment to ethics, education, and professional excellence. Your personal statement should reflect these values, demonstrating how they resonate with your personal and professional ethos.

Demonstrating Commitment to Ethical Standards

Highlight instances from your life or career where you upheld integrity and ethical standards. The CFA program places a heavy emphasis on ethics, and showcasing your alignment with this can significantly strengthen your application.

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  • Balancing Professionalism and Personal Touch in Your Essay

Crafting a CFA scholarship personal statement requires a delicate balance between professionalism and a personal touch. This balance ensures that your essay stands out as both competent and relatable. Here’s how to achieve this equilibrium:

  • Begin your essay with a formal and respectful tone.
  • Use clear, concise language that reflects your understanding of the finance field.
  • Share your personal motivations for pursuing a career in finance.
  • Include anecdotes or experiences that sparked your interest in this field.
  • Connect personal experiences to your career aspirations.
  • Show how your background has shaped your professional outlook and goals.
  • Highlight your professional achievements, but focus on what they say about you as a person.
  • For instance, a team project could demonstrate leadership skills and the ability to collaborate.
  • Keep a formal essay structure (introduction, body, conclusion) but weave in personal stories or reflections.
  • This approach keeps the essay grounded in professionalism while allowing your personality to shine through.
  • Discuss how your personal values align with the ethical standards of the finance industry and the CFA Institute.
  • This can show a deep understanding of the profession’s core principles.
  • Share genuine stories and experiences rather than what you think the committee wants to hear.
  • Authenticity helps create a connection with the reader.
  • While personal stories can evoke emotions, ensure your essay also includes logical reasoning for pursuing the CFA charter.
  • This balance demonstrates both emotional intelligence and analytical skills.
  • Discuss how personal challenges or successes have taught you professional lessons.
  • This reflects an ability to learn and grow from all life experiences.
  • Conclude your essay by reiterating your professional goals and how the CFA scholarship will aid in achieving them.
  • This reaffirms your commitment to a career in finance.
  • Ensure your essay is free from grammatical errors and typos.
  • A well-edited essay reflects attention to detail, a crucial skill in finance.

Balancing professionalism with a personal touch in your CFA scholarship essay is about showcasing who you are as both a professional and an individual. It requires articulating your personal journey and professional aspirations in a manner that is authentic, reflective, and aligned with the values of the finance profession.

Addressing the Importance of Financial Education in Your Statement

Educational and career aspirations.

Discuss how the CFA Charter fits into your long-term educational and career objectives. Explain how obtaining the CFA designation will enable you to contribute to the finance profession and your community.

The Role of Financial Education in Your Life

Elaborate on the importance of financial education in your life and career. Discuss how the knowledge and skills gained from the CFA program will empower you to make a difference in the field of finance.

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  • Overcoming Challenges: Highlighting Resilience in Your Statement

In your CFA scholarship personal statement, it’s essential to discuss not only your achievements and aspirations but also the challenges you’ve faced and overcome. This shows your resilience, a quality highly valued by finance professionals. Here are key points to focus on:

  • Choose challenges that have had a significant impact on your academic or professional journey.
  • These can be financial hardships, personal obstacles, or professional setbacks.
  • Explain how you addressed or overcame these difficulties.
  • Focus on the steps you took rather than just the situation, demonstrating proactive problem-solving.
  • Discuss what you learned from these experiences.
  • Highlight how these challenges have contributed to your personal and professional development.
  • Draw parallels between the skills you developed while overcoming these challenges and those needed in the finance industry.
  • Emphasize qualities like resilience, adaptability, and perseverance, which are crucial in finance.
  • Provide specific examples of how you used creativity or analytical skills to navigate difficult situations.
  • This can include academic projects, work situations, or personal instances.
  • Acknowledge any support or resources that helped you overcome these challenges, such as mentors, educational programs, or personal networks.
  • This shows your ability to seek help and utilize available resources effectively.
  • Describe how overcoming these obstacles has fueled your motivation for pursuing the CFA Charter.
  • Relate this to your long-term goals and how the scholarship will aid in achieving them.
  • Reflect on the emotional aspects of facing and overcoming challenges.
  • Discuss how these experiences have enhanced your emotional intelligence, an important aspect in the finance sector.
  • While discussing challenges, maintain a tone of positivity and optimism.
  • Avoid dwelling on the negative aspects and instead focus on growth and learning.
  • End this section by connecting your past experiences with your future aspirations.
  • Emphasize how your resilience will continue to play a role in your pursuit of the CFA Charter and your finance career.
  • The Final Touches: Reviewing and Refining Your Personal Statement

Proofreading and Editing

Once your first draft is complete, take time to review and refine your essay. Check for grammar, punctuation, and clarity. A well-written, error-free personal statement reflects your attention to detail and professionalism.

Seeking Feedback

Get feedback from mentors, colleagues, or professionals in the finance industry. Their insights can provide valuable perspectives and help fine-tune your statement.

Your personal statement for the CFA Access Scholarship is a critical component of your application. It’s an opportunity to showcase your passion for finance, your personal journey, and how the CFA Charter aligns with your career aspirations.

Remember, this is more than an essay; it’s a narrative of your dedication to finance and your potential as a future CFA charter holder. Approach it with sincerity, clarity, and focus to enhance your chances of securing the scholarship and paving your way to a successful career in finance.

Q1: What is the CFA Access Scholarship?

The CFA Access Scholarship is an initiative by the CFA Institute to help aspiring finance professionals cover part of the CFA program enrollment and exam registration fees.

Q2: How important is the personal statement in the CFA scholarship application?

The personal statement is a critical component. It’s your opportunity to personally connect with the scholarship committee and demonstrate your suitability for the scholarship.

Q3: Can I apply for the CFA Access Scholarship if I have already registered for the exam?

Yes, you can apply for the scholarship even if you are already registered for the exam, but the scholarship would apply to future exam fees if awarded.

Q4: What should I include in my personal statement for the CFA scholarship?

Your personal statement should include your motivation for pursuing the CFA charter, your financial need, and personal characteristics that make you a suitable candidate for the scholarship.

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Table of Contents

  • • The Role and Impact of the CFA Access Scholarship in Finance Careers
  • • Crafting a Winning Personal Statement for the CFA Scholarship
  • • Balancing Professionalism and Personal Touch in Your Essay
  • • Overcoming Challenges: Highlighting Resilience in Your Statement
  • • The Final Touches: Reviewing and Refining Your Personal Statement
  • • Conclusion

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How to Write a Personal Statement for a Scholarship + Examples

What’s covered:, what is the purpose of the scholarship personal statement, what to include in your personal statement, personal statement example: breakdown + analysis, how to make sure your writing is effective.

Either before or after you’ve gotten into your dream school, you’ll have to figure out how to pay for it. For most students, this involves a combination of financial aid, parent contributions, self-contributions, student loans, and scholarships/grants. Because scholarships are money out of someone else’s pocket that you never have to pay back, they are a great place to start!

Scholarships come in two forms: merit-based and need-based. Need-based scholarships are also often called grants. These designations tell you whether an organization looks at your financial situation when deciding about your scholarship.

Additionally, different scholarships fall under different categories based on the mission of the organization or person providing the scholarship’s financing. These missions typically emphasize different things like academic achievement, specific career goals, community service, leadership, family background, skill in the arts, or having overcome hardship. As you select scholarships to apply for and complete your applications, you should keep these missions in mind.

No matter what type of scholarship you are applying for, you will be asked to provide the review committee with standard materials. This includes your transcript, GPA, and resume/extracurriculars, but also, importantly, your personal statement. A scholarship personal statement is a bit different from your normal college essay, so we’ve put together this guide and some examples to help you get started!

The purpose of your personal statement is to help a review committee learn more about your personality, values, goals, and what makes you special. Ultimately, like with your college essays, you are trying to humanize your profile beyond your transcript, GPA, and test scores.

College essays all have one goal in mind (which is why you can apply to multiple schools at once through applications like the Common App or Coalition App): convince admissions officers that you would be a valuable addition to the university environment. The goal of your scholarship personal statement is different and differs more from one scholarship to the next. Rather than convincing various review committees that you are a generally good candidate for extra funding for college, you need to convince each review committee that your values have historically aligned with their organization’s mission and will continue to align with their organization’s mission.

Common missions amongst those who give scholarships include:

  • Providing opportunities for students with career ambitions in a particular field
  • Helping students who have experienced unexpected hardship
  • Supporting students who show outstanding academic achievement
  • Funding the arts through investing in young artists with strong technical skill
  • Supporting the development of civic-minded community service leaders of the future
  • Providing opportunities for historically underrepresented ethnic communities 

If a specific mission like this is outlined on an organization’s website or in the promotional material for its scholarship, the purpose of your personal statement is to show how you exemplify that mission.

Some scholarships ask for your personal statement to be guided by a prompt, while others leave things open for interpretation. When you are provided a prompt, it is obvious what you must do: answer the prompt. When you are not provided a prompt, you want to write a personal statement that is essentially a small-scale autobiography where you position yourself as a good investment. In either case, you should identify a focus or theme for what you are trying to say about yourself so that your application does not get lost in the shuffle.

Prompts include questions like:

  • Why do you deserve this scholarship?
  • How have you shown your commitment to (leadership/community service/diversity) in your community?
  • When did you overcome adversity?
  • Why is attending college important to you?

If you are provided a prompt, develop a theme for your response that showcases both your values and your achievements. This will help your essay feel focused and will subsequently help the review committee to remember which candidate you were as they deliberate.

Themes include things like:

  • I deserve this community service scholarship because my compassion for intergenerational trauma has inspired me to volunteer with a local after-school program. I didn’t just sympathize. I did something about my sympathy because that’s the type of person I am. Within the program, I have identified avenues for improvement and worked alongside full-time staff to develop new strategies for increasing attendance.
  • I overcame adversity when my mother had to have a major surgery two months after giving birth to my younger brother. I was just a kid but was thrown into a situation where I had to raise another kid. It was hard, but I’m the kind of person who tries to grow from hard times and, through my experience taking care of a baby, I learned the importance of listening to body language and nonverbal cues to understand the needs of others (baby and nonbaby, alike).

Without a prompt, clarity can be harder to achieve. That said, it is of the utmost importance that you find a focus. First, think about both your goals and your values.

Types of goals include:

  • Career goals
  • Goals for personal growth
  • The type of friend you want to be
  • The change you want to make in the world

Values could include:

  • Authenticity
  • And many more!

After you write out your goals/values, write out your achievements to see what goals/values you have “proof” of your commitment to. Your essay will ultimately be an exploration of your goal/value, what you have done about your goal/value in the past, and what you aspire to in the future.

You might be tempted to reflect on areas for improvement, but scholarships care about you living out your values. It is not enough to aspire to be exemplary in leadership, community service, or your academic field. For scholarships, you have to already be exemplary.

Finally, keep in mind that the review committee likely already has a copy of your extracurricular activities and involvement. Pick one or two accomplishments, then strive for depth, not breadth as you explore them.

My interest in the field of neuroscience began at a young age.  When I was twelve years old, my sister developed a condition called Pseudotumor Cerebri following multiple concussions during a basketball game.  It took the doctors over six months to make a proper diagnosis, followed by three years of treatment before she recovered.  During this time, my love for neuroscience was sparked as I began to research her condition and, then, other neurocognitive conditions.  Later, my love of neuroscience was amplified when my mother began to suffer from brain-related health issues.  My mother had been a practicing attorney in Dallas for over twenty years.  She was a determined litigator who relentlessly tried difficult cases that changed people’s lives.  Now, she suffers from a cognitive impairment and is no longer able to practice law.  Oftentimes, she has headaches, she gets “cloudy,” her executive functioning slows down, she feels overwhelmed, and she forgets things.  My mother has gone from being the strong, confident, emotional and financial caretaker of our family to needing significant help on a daily basis. Once again, with this illness came a lot of research on my part — research that encouraged me to pursue my dreams of exploring neuroscience.

Due to my experiences with my mother and sister when I was in middle school, I knew that I wanted to make a difference in the field of neuroscience.  I also knew that, to obtain this goal, I needed to maintain superior grades in school while also pursuing opportunities outside of school to further my education.  In school, I was able to maintain superior grades to the point where I am currently valedictorian in a class of 567 students.  In addition, in school, I challenged myself by taking 16 Advanced Placement classes and 19 Honors classes.  Two of the most beneficial classes were AP Capstone Seminar and AP Capstone Research.  AP Capstone Seminar and AP Capstone Research are research-oriented classes where students are given the opportunity to pursue whatever track their research takes them down.  As a junior in AP Capstone Seminar, I researched the effects of harmful pesticide use on the prevalence of Autism Spectrum Disorder (ASD) in children.  This year, as a senior in AP Capstone Research, I am learning about the effects of medical marijuana on the treatment of Multiple Sclerosis (MS).  

Outside of school, I furthered my education through taking advantage of the Duke TiP summer program. Duke TiP is a summer program run by Duke University where students who score extremely well on the SAT as middle schoolers are able to take college classes at different universities throughout the summers of their middle school and high school years.  I took advantage of this opportunity twice.  First, I went to Trinity University in San Antonio to expand my horizons and learn more about debate.  However, once I was done exploring, I decided I wanted to go into neuroscience.  This led me to take an Abnormal Psychology class at Duke University’s West Campus.  This class opened my eyes to the interaction between neuroscience and mental health, mental illness, and personality.  Years later, I am currently continuing my education outside of school as an intern at the University of Texas Dallas Center for Brain Health.  Through this internship, I have been able to see different aspects of neuroscience including brain pattern testing, virtual reality therapy, and longitudinal research studies.  With this background, I have positioned myself to be accepted by top neuroscience programs throughout the nation.  So far, I have been accepted to the neuroscience department of University of Southern California, the University of Virginia, the University of Texas, and Southern Methodist University, as well as the chemistry department at University of North Carolina–Chapel Hill.  

It is with this passion for neuroscience driven by my family and passion for education driven by internal motivation that I will set out to conquer my career objectives.  My educational aspirations consist of acquiring a bachelor’s degree in a biological or health science that would assist me in pursuing a medical career as a neuroscience researcher.  I decided to attain a career as a researcher since my passion has always been assisting others and trying to improve their quality of life.  After obtaining my Masters and my PhD, I plan to become a professor at a prestigious university and continue performing lab research on cognitive disorders.  I am particularly interested in disorders such as Autism Spectrum Disorder (ASD).  In the lab, I hope to find different therapies and medications to help treat the 3.5 million people around the world suffering from ASD.  Furthermore, I want to contribute back to underserved populations that struggle because they do not have as much access to medical assistance as other privileged groups.  As such, I hope to do a part of my research in less developed or developing Spanish-speaking countries. This will also allow me to pursue my love of Spanish while pursuing my love of neuroscience.  I think that following such a career path will provide me the opportunity to learn about the medical needs of the autistic community and improve their quality of health.  Furthermore, I hope to train a new generation of students to strive to research and make comparable discoveries.  Whether it be through virtual reality labs or new drug discoveries, I believe that research leads to innovation which leads to a brighter future. 

This student does a great job of making themself appear competent and dedicated to the field of neuroscience. This is primarily because they provided tangible evidence of how they have pursued their dedication in the past—through their AP Capstone courses, their Abnormal Psychology class at Duke TiP, and their internship at UTD. There is no doubt in the mind of a reader that this student is high-achieving. 

This student also engages successfully with a past-future trajectory, where they end with a vision of how they will continue to use neuroscience in the future. This helps the review committee see what they are investing in and the ways that their money will go to good use.

This student has two major areas for improvement. As we have said, the purpose of a personal statement is for a student to humanize themself to a review committee. This student struggles to depict themself separately from their academic achievements. A solution to this would be for the student to establish a theme towards the beginning of their essay that relates to both their values as a human and their achievements.

At the beginning of the essay, the student explores how their interest in neuroscience began. They explain their interest through the following sentences: “During this time, my love for neuroscience was sparked as I began to research her condition and, then, other neurocognitive conditions” and “Once again, with this illness came a lot of research on my part — research that encouraged me to pursue my dreams of exploring neuroscience.” The student made the great decision to tell the backstory of their interest, but they described their research in very mundane and redundant terms. Instead, they could have focused on their value of intellectual curiosity as a magnetic force that encouraged them to research their mother and sister’s ailments. Curiosity, then, could serve as a value-related thematic throughline to taking AP Capstone classes, taking college courses during the summer that weren’t required, and interning before even graduating high school.

A second area for improvement would be avoiding statistics. As the student identifies their valedictorian status and the number of AP classes they have taken, they might turn away certain personalities on a review committee by appearing braggy. Even further, these statistics are a waste of space. The review committee already has access to this information. These words distract from the major theme of the essay and would have been better used to humanize the student.

Throughout my academic career, I have been an avid scholar, constantly pushing myself towards ambitious goals. I held and continue to hold myself to a high standard, enrolling myself in rigorous curriculum, including Honors and Advanced Placement courses to stretch my mental potential. During my junior year of high school, I took four AP tests, two on the same day, and earned the AP Scholar with Honor Award. Additionally, I received the Letter of Commendation for the PSAT/NMSQT, and qualified for Rotary Top 100 Students both my freshman and senior year, a sign of my commitment to my studies. However, school has not been all about having the best GPA for me; beyond the numbers, I have a deep drive to learn which motivates me to do well academically. I truly enjoy learning new things, whether it be a new essay style or a math theorem. I always give each class my best effort and try my hardest on every assignment. My teachers have noticed this as well, and I have received school Lancer Awards and Student of the Month recognitions as a result. It is a major goal of mine to continue to aspire towards a high level of achievement regarding future educational and occupational endeavors; I plan on continuing this level of dedication throughout my educational career and implementing the skills I have learned and will learn into my college experience and beyond.

This fall, I will begin attending the University of California Los Angeles as an English major. I chose this major because I am fascinated by written language, especially its ability to convey powerful messages and emotions. I also enjoy delving into the works of other authors to analyze specific components of their writing to discover the meaning behind their words. In particular, I cannot wait to begin in-depth literary criticism and learn new stylistic techniques to add more depth to my writing. Furthermore, I recently went to UCLA’s Bruin Day, an event for incoming freshmen, where I was exposed to many different extracurriculars, some of which really piqued my interest. I plan on joining the Writing Success Program, where I can help students receive free writing help, and Mock Trial, where I can debate issues with peers in front of a real judge. The latter, combined with a strong writing background from my undergraduate English studies will be extremely beneficial because I plan to apply to law school after my undergraduate degree. As of now, my career goal is to become a civil rights lawyer, to stand up for those who are discriminated against and protect minority groups to proliferate equality.

As a lawyer, I wish to utilize legislation to ameliorate the plight of the millions of Americans who feel prejudice and help them receive equity in the workplace, society, and so on. Though this seems a daunting task, I feel that my work ethic and past experience will give me the jumpstart I need to establish myself as a successful lawyer and give a voice to those who are often unheard in today’s legal system. I have been a Girl Scout for over a decade and continually participate in community service for the homeless, elderly, veterans, and more. My most recent project was the Gold Award, which I conducted in the Fullerton School District. I facilitated over ten workshops where junior high students taught elementary pupils STEM principles such as density and aerodynamics via creative activities like building aluminum boats and paper airplanes. I also work at Kumon, a tutoring center, where I teach students to advance their academic success. I love my job, and helping students from local schools reach their potential fills me with much pride.

Both being a Girl Scout and working at Kumon have inspired me to help those in need, contributing significantly to my desire to become a lawyer and aid others. My extracurriculars have allowed me to gain a new perspective on both learning and teaching, and have solidified my will to help the less fortunate. In college, I hope to continue to gain knowledge and further develop my leadership skills, amassing qualities that will help me assist others. I plan to join multiple community service clubs, such as UCLA’s local outreach programs that directly aid residents of Los Angeles. I want to help my fellow pupils as well, and plan on volunteering at peer tutoring and peer editing programs on campus. After college, during my career, I want to use legal tactics to assist the underdog and take a chance on those who are often overlooked for opportunities. I wish to represent those that are scared to seek out help or cannot afford it. Rather than battling conflict with additional conflict, I want to implement peaceful but strong, efficient tactics that will help make my state, country, and eventually the world more welcoming to people of all ethnic and socioeconomic backgrounds. These goals are close to my heart and therefore I will be as diligent as I am passionate about them. My perseverance and love for learning and community service drive my ambition in both education and life as a whole, and the drive to make the world a better place is one that I will carry with me for my entire life.

This student emphasizes two values in this essay: hard work and community service. These are values that go together nicely, and definitely make sense with this student’s end goal of becoming a civil rights lawyer! That said, some changes could be made to the way the student presents their values that would make their personal statement more convincing and engaging.

Structurally, instead of using a past-future trajectory, this student starts by explaining their academic achievements, then explains their career goals, then explains their history of community service, then explains their future desires for community service. This structure loses the reader. Instead, the student should have started with either the past or the future. 

This could look like 1) identifying their career goals, 2) explaining that hard work and a commitment to community service are necessary to get there, and 3) explaining that they aren’t worried because of their past commitment to hard work and community service. Or it could look like 1) providing examples of their hard work and community service in the past, then 2) explaining how those values will help them achieve their career goals.

Additionally, like with our other example, this student shows a heavy investment in statistics and spouting off accomplishments. This can be unappealing. Unfortunately, even when the student recognizes that they are doing this, writing “beyond the numbers, I have a deep drive to learn which motivates me to do well academically. I truly enjoy learning new things, whether it be a new essay style or a math theorem,” they continue on to cite their achievements, writing “My teachers have noticed this as well, and I have received school Lancer Awards and Student of the Month recognitions as a result.” They say they are going beyond the numbers, but they don’t go beyond the awards. They don’t look inward. One way to fix this would be to make community service the theme around which the essay operates, supplementing with statistics in ways that advance the image of the student as dedicated to community service.

Finally, this student would be more successful if they varied their sentence structure. While a small-scale autobiography can be good, if organized, every sentence should not begin with ‘I.’ The essay still needs to be engaging or the review committee might stop reading.

Feedback is ultimately any writer’s best source of improvement! To get your personal statement edited for free, use our Peer Review Essay Tool . With this tool, other students can tell you if your scholarship essay is effective and help you improve your essay so that you can have the best chances of gaining those extra funds!

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How I won a scholarship from the CFA Institute

Sometime early 2012, i came across a notice from the chartered financial analyst (cfa) institute on its access scholarship program (“program....

how to write personal statement for cfa scholarship

Sometime early 2012, I came across a notice from the Chartered Financial Analyst (CFA) Institute on its Access Scholarship Program (“Program”) which is designed to make CFA Institute programs more available to individuals who may not be able to afford the full program fees. (“Access Scholarships”).

After reading up on the eligibility criteria, official rules, application procedures and evaluation process, I decided to take my chance and apply for the scholarship.

The application form required that I fill in my personal information, a personal statement, references and my personal financial statement.

I submitted the application and about three months later, I received an email notifying me of my success!

Please see below my personal statement and personal financial statement used for the entry submission.

Please note that this is to serve only as a guide and not to be copied for your own application.

Personal Statement

One of my career objectives is to become a leading Investment/ Financial Adviser with great intellectual resources and skills required for the delivery of a value added, timely and personalized client service. The CFA charter is an internationally respected qualification, with its members driving development of capital markets and spear heading development projects especially in Africa where I come from. Having the CFA charter is a sign of competence and professionalism in the Investment Banking Service field. Also, the knowledge learned is a distinguishing factor among investment professionals. The CFA charter would increase my knowledge base, improve my marketability and also produce an agent for change in Africa and West Africa in particular as I intend to focus on Africa-based projects. My goal is to complete the CFA exams by the age of 26 (currently 23) and the CFA access scholarship would help me achieve my goal of becoming a CFA charter holder faster as I would otherwise spend a long period saving up for the exam fees.

Personal Financial Statement

how to write personal statement for cfa scholarship

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CFA Scholarships: How to Successfully Get Them

Aside from the time commitment, there is a considerable  cost to pursuing the CFA charter , especially for students. Level 1 enrollment and registration fees alone can be as high as $1,600, not including any  third-party materials  you might need.

Luckily, there are a variety of CFA scholarships available for candidates, allowing you to reduce the enrollment and signup fees to as low as $250. I was fortunate enough to be awarded Access Scholarships thrice, and in this article I’ll share my experience in applying and receiving one of the CFA Institute’s scholarships.

Here’s all you need to know about the latest CFA scholarship application process (including deadlines, application windows, requirements, CFA scholarship essay tips etc), and some sage advice to improve your chances of securing one!

First, a little about me

How to Apply CFA Institute Membership

I’m Alexander Law, hailing from the greater Austin area in Texas. I recently completed by MS Economics at Baylor University, in addition to some elective coursework from the Baylor Law School.

​In my final year, I participated in a two-semester practicum course of Small Cap Investing, which is similar to the Phillip M. Dorr & Friends Large Cap Endowment Fund I served as an analyst for the Healthcare sector in the Fall of 2016, with proceeds going towards student scholarships.

In addition to my undergraduate background in finance, I also have strong academic and internship experience in the healthcare sector, and would ideally want to leverage this towards a career in the finance area of healthcare to help increase operational efficiencies. My pursuit of the CFA charter is also part of my aim to be better equipped to serve in this capacity.

CFA scholarships are undersubscribed, so grab the opportunity

I had a busy semester and was worried about whether my existing scholarships would make me less attractive for the need based portion of the CFA Access Scholarship.

My professor mentioned about the dearth of applicants for the Access Scholarship, which was encouraging since my local charter was a much smaller city than my professor’s charter.

The various CFA exam scholarships, summarized

cfa scholarships explained

All CFA scholarships also have varying deadlines and application windows, so make sure you understand them and apply early to stand a chance of receiving one.

Most scholarships are completed online, but some (e.g. Regulator Scholarship) will require you to email CFA Institute directly.

The main requirements and differences of all CFA Program scholarships are outlined below.

Other CFA Scholarships
Provide financial support to those who may be unable to afford the full price for program enrollment and exam registration.​Role-based scholarships:


–  – for students of universities

 – college or university educators

–  – for employees for qualified regulatory agencies
Covers the one-time CFA Program enrollment fee of US$350 (if applicable), and

Reduces the exam registration fee to US$300 (from $940-$1,250).
Covers the one-time CFA Program enrollment fee of US$350 (if applicable), and

Reduces the exam registration fee to US$400 (from $940-$1,250).
Applicants must meet all  .

Applications are evaluated on a financial need basis, but not necessarily the only factor considered.
Applicants must be in one of the roles in the scope of the individual scholarships, and meet all  .​
2 application windows are offered per exam year (1 September 2023 – 31 August 2024).

The second application window is now closed. Decisions will be announced no later than 5 April 2024.

Given the various changes to exam windows recently, please check the to plan your route to your charter.
With the  , the role-based scholarship programs are now considered on a “rolling” basis, and therefore no fixed deadlines are in place for each exam cycle.​

For some scholarships such as Student Scholarships, applications are managed by external institutions (universities), therefore response times vary by institutions.

Women’s Scholarship applications are reviewed by CFA Institute on a semi annual basis.

2 application windows are offered per exam year (1 September 2023 – 31 August 2024).

Second application cycle is now closed and decision will be announced by 29 March 2024.

scholarship

The Regulator and Professor Scholarships will accept applications from 1 September to 15 July. Decisions will be communicated on or before 31 July each year.
Applicants must wait until scholarships are awarded registering for the CFA exam.

Candidates are not eligible if already receiving financial assistance from employer.

A maximum of one Access Scholarship per candidate per calendar year.

Candidates can only receive 1 CFA Institute scholarship per exam. If a candidate receives multiple scholarships, the most recently awarded one will apply.

Scholarships awarded are valid for approximately one year and recipients will have up to 5 exam windows to redeem their award (depending upon their exam level).

Scholarships are not deferrable.
Applicants must wait until scholarships are awarded registering for the CFA exam.

Candidates can only receive one CFA Institute scholarship per exam. If a candidate receives multiple scholarships, the most recently awarded one will apply.

Scholarships awarded are valid for approximately one year and recipients will have up to 5 exam windows to redeem their award (depending upon their exam level).

Scholarships are not deferrable.​​

CFA scholarship application: 13 handy tips & advice

CFA Scholarship Application Tips Advice

  • Know the form : You can save your current progress in the application for later and return to earlier sections of the form. However, you cannot proceed to a later section of the online application without first fully completing the earlier sections. This may be a small nuisance to some.
  • Save your personal statement on your own platform : For applications that require a personal statement (e.g. Access and Women scholarships), we recommend typing up your 3,500 characters max personal statement on a word processor for grammar and spelling check, but more importantly to have a backup that you can easily copy over into your application later.
  • While this applies only to Access and Women scholarship applicants, our research suggests that the more personal your answer, the better.
  • CFA Institute is interested in learning about you, why you would like to earn the CFA charter and how it helps you achieves your goals. Tell them your story (succinctly)!
  • how you found out about the exam and scholarship;
  • your career goals;
  • how the scholarship helps your financial position, why you need the scholarship, or in essence “how will this scholarship make a difference for you and your pursuit of the CFA designation?”;
  • the value CFA would bring (i.e. why you need the CFA charter);
  • An additional point for Level 2 and Level 3 candidates could include what you’ve learnt so far from the CFA exams and how it has been directly applicable for you.
  • No changes allowed after submitting : Make sure that all the details in your application are correct before submitting.
  • Apply for the scholarship(s)  before  registering for the exam . You don’t qualify for the scholarship if you have already registered for the exam, as it indicates that you do indeed have the ability to pay. However, if you are not selected for a CFA scholarship, you can receive the early exam registration fee discount on the next exam registration, which is valid for approximately one year (this was verified with CFA Institute directly).
  • Wait for the scholarship decision  before  registering for the exam : Once you’ve applied for a scholarship, you will need to wait for an official decision on it prior to exam registration. Your scholarship application will be declined/voided if you’ve gone ahead and registered for an exam without a result on your scholarship application.
  • Get your international passport done . You will need your international travel passport when registering and taking the CFA exams , as no other form of identification is valid. For those whom haven’t got a passport, this is something you should keep in mind, due to the length of time it takes to obtain or renew a passport.
  • You can apply more than once : Fortunately, you can receive a CFA scholarship more than once, so provided that you qualify, it is worth applying again after your first exam. Even if you’ve failed an exam, you still can apply for a scholarship for your retake.
  • You can apply for multiple scholarships at once : If a candidate receives multiple scholarships (of any kind), the scholarship that is most recently awarded will be applied.
  • No double-dipping : You will not qualify for a scholarship if you start working for an employer that offers reimbursement for exam registrations, but of course you wouldn’t really need the scholarship in that case anyways.
  • You still need  some  funding . Do also keep in mind that even with the scholarship, you still have to pay an additional $150 for the physical copies of the curriculum if preferred. The eBooks themselves are included in the registration fee, and it is worth worth trying out the digital version first before paying extra for the physical copies, as they are handy and easily accessible across different platforms. The eBooks are especially helpful when travelling abroad, although I personally prefer paper copies of textbooks whenever possible.
  • References : ​In the latest updates, it seems that CFA Institute has removed the need for any references in your Access scholarship applications. Yay!
  • Gross household income and net assets:  Firstly, there is no minimum or maximum income or asset level for scholarship candidates. Although this section may look thorough, just go through each category of income and net asset systematically, then add them up to form your best estimates in US$. Put what you think is most accurate and would be in line with the CFA Program Code of Ethics. You don’t need to send supporting documents unless requested, nor should you upload any documents that contain personally identifiable financial information.
  • Wasting the scholarship is a costly decision : It also goes without saying that if you are awarded a scholarship, you should treasure the opportunity by studying hard, giving it your best shot and sit for the exam. Even worse, if you don’t turn up for the exam as a scholarship recipient, this may disqualify your future scholarship application(s).

Hope this helps with your CFA scholarship application. If you have further questions, leave a comment below – good luck! ​ Meanwhile, here are other articles which you may find interesting:

  • CFA Program: A Beginner’s Guide
  • CFA Exam Fees: How Much Does It Really Cost?
  • 7 Reasons Why You Should Be Considering Getting the CFA Charter
  • 2024 CFA Exam Dates: Updated Deadlines for Your Calendar
  • CFA Exams: 20 Things I Wish I Knew Beforehand
  • How to Become A CFA Charterholder
  • Does the CFA Charter Increase Your Salary? If So, By How Much?

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288 thoughts on “CFA Scholarships: How to Successfully Get Them”

Hi, If I work for employer who offers CFA support but I don’t intend to use it am I eligible to apply for access scholarship?

I attempted CFA Level 1 without scholarship and failed. I need money to retake the exam. Am I eligible for the scholarship even if previously I havn’t applied for it? And if I’m eligible, will it decrease my chances?

Hi PS, sorry to hear about the recent result. You can apply for scholarship, it shouldn’t impact your chances. It’s always prudent to try. Good luck!

Hi, I received access scholarship but failed once can I again register for the same reduced price

Hi Atharva, Access scholarship only applies once. If you failed, you need to reapply for the scholarship.

Hi! I want to apply for the Access Scholarship 2024 (the window is currently open till 18th October, 2023). Will I still get to register for the CFA L2 Exam in May 2024 at the Early Bird Registration Price of $940 if I don’t receive the scholarship? How does the early bird discount get applied to your application if you are denied the Access scholarship?

Hi CFALevel2aspirantA, yes you do get the early reg price if you don’t receive the scholarship – see the highlighted point 5 in this section .

I’m not sure how it is exactly applied, but I assume a discount would be automatically applied when you register, as it would have your info in the profile that you’ve applied for a scholarship. Best of luck!

Hi Michael – now that’s a conundrum! Is putting your CFA Society in the application optional? Can you submit the application without putting a CFA Society in at this stage? I would imagine this issue affects all scholarship candidates. If your application is submitted and can’t be changed, I suggest contacting both CFA Institute ([email protected]) and your CFA society about this to see what they say.

Hi, I wanted to know when would the window open for the Access and Women’s scholarship again as I want to give CFA L2 in May 2024

I want to apply for the scholarship but the window opens on 1st September. I wish to give the November attempt but if I wait for the scholarship result, I’ll lose the early applicant discount. What should I do?

I want to apply for scholarship for CFA L3 August 2023 attempt. I’m employed but my employer doesn’t sponsor for CFA.

So in case If I applied and by any bad chance, if I don’t get selected.

Will I be offered to register for CFA L3 August 2023 at early registration fee?

Hi I want to apply for the access scholarship which is due on 1st September 2023 .I just want to know that in case I an awarded the scholarship then it will be valid for how many windows? because I want to give the exam in August 2024 . And if I am awarded the scholarship from November 2024 and I register for August 2024 then what will happen?

I’ve got a question that would appreciate your help with.

I would like to sit for level III in Aug 2023, and I also want to apply for the CFA scholarships. Will I be able to register for that preferred exam window however the scholarship result?

Hi Team, I had earlier registered for the exam in Feb 2022 but was unable to take the exam for personal reasons. I had paid the one time registration fees already. Does this disqualify me for all scholarships?

No, I believe you can still fill out the scholarship form and point out your inability to pay the full or actual fees This (if scholarship granted) will help you to pay the reduced amount as your exam fees

Hi, Could I re-use my last essay that I used to submit for the CFA scholarship for the next application cycle? Could doing so be consider self-plagiarism?

I’m sure you could reuse it. I can’t comment on how much it affects your chances though!

I’d use it as a base and tweak it as necessary, adding in your experiences with the first cycle and why you’re re-applying for the scholarship. Hope that helps, and let me know how it goes!

Hey can you please guide me in writing access/women scholarship. I applied for access scholarship but didn’t get it. I don’t know what was exactly missing in that essay. I am now planning to apply for it again. Just need some guidance as you said you’d got scholarship.

Hi I have some questions, which I would love for you to help with Firstly I am currently in my third year (penultimate) in uni. I want to be sure if I can sit for the exams. Also for the access scholarship as we would have to wait till march 2023, would the CFA give us materials or we would have to get that ourselves? Thank you for your time.

Hi Samuel, so if you’re applying for the next Access scholarship window between 17 Jan 2023 – 14 Feb 2023, with results only being announced in March 2023, you can only register for CFA Level 1 after March 2023. So looking at the exam registration deadlines , the earliest exam window you can register for is August 2023.

As part of your registration, you would receive CFA Institute’s study materials, although quite often some candidates also pay for third party prep provider’s study material either to supplement or replace (if insufficient time) the curriculum books.

Hi Sophie Would you advice I pay for other study materials because I don’t think I would have enough preparation time if I were to wait till March for my registration since I intend on sitting for the exams August. Just so as to cover for potential missed time

Hi Samuel, it’s a hard one because everyone’s situation is different. If it is something you can afford, I’d recommend it.

Alternatively if cost is an issue, you could look at getting some 2022 curriculum books since there are only minor changes in readings for Level 1 from 2022 to 2023. You can check the differences in curriculum changes in this useful summary article and plan your studies from now till March accordingly before you get the 2023 curriculum. This will enable you to start studying now at a slower/less stressful pace without costing too much money.

Hope that helps!

hello sophie here if we got rejected for the scholarship then are we still eligible for earlybird registration for aug because early bird registration for aug ends at the month end of january.

Thank you so much Sophie. I took your advice on getting outside materials before march 2023, so I can get ahead and start my preparation. When the results of the scholarship arrives I can then start my reading with the latest curriculum ahead of the exam in August. Also finally, if I were to get the scholarship would I have the option to choose between sitting for the exam in August or November. Thank you and I hope you had a wonderful holiday.

you’re welcome! Good luck with the studies Samuel!

Hi, I’m Sun. Currently, I just finished my CFA Level I exam in Aug 2022 and I am waiting for the result. That said, the CFA Women’s Scholarship application window is now open and will be closed on 3 Oct 2022 when I will probably not receive my result yet. So could I apply for Women’s scholarship for my CFA Level II exam while waiting for my CFA level I official result?

hey, even I have the same doubt. please let me know if you get any sort of information regarding the scholarship eligibility criteria for level 2 exam.

Hello! Thank you for all the information 🙂 I would like to know if I wait for the next cycle of application of the women’s scholarship (September) and I don’t get the scholarship, can I access to the early exam registration fee discount on the exam registration of February 2023 (even if the regular date of early exam registration fee for that exam finishes on August 9th)? Thank you very much!

I do have same question. Could someone please confirm today as early registration deadline is 9th August?

Hi Ursula and Siddhika, the answer is already in the article itself, highlighted in bold yellow under the “CFA scholarship application: 13 handy tips & advice” section 🙂

Thanks Sophie 😊

Hi All I was awarded the scholarship for L1 but still total fees is coming to 1450$ is this correct or the system will take few days to get update!?

Hyy gaurav can you give a rough idea on what you wrote in that essay ?? It would be helpful I mean coz I am also L1 candidate:)

Hi…thanks for the valuable information. I actually got an access scholarship in 2018, however I was not able to register due to some personal problems. Can I apply again? As far as I know that if you register and then not appear in the exam, you will be disqualified from receiving future scholarships. However I did not register. Can you please guide in this scenario.

I got access scholarship for Level 2 but I could not register. I passed level 2 in Nov-2021 exams and paid personally for that exam. Will I still have a chance if I apply for access scholarship for Level 3 in 2023?

Hi there! The above blog on scholarships mentions that- However, if you are not selected for a CFA scholarship, you can receive the early exam registration fee discount on the next exam registration, which is valid for approximately one year (this is confirmed with CFA Institute in 2022). Is this even if the early registration date has ended? Or this is because you applied for scholarship but you didn’t get one so the early registration date is extended?

Scholarship applicants cannot register for the exam until they receive their scholarship results. Since they may (unfairly) miss out on early registration discounts, this is CFA Institute’s way of making sure scholarship applicants still get the early registration discount if they are unsuccessful in their scholarship application.

In the Annual Household Gross Income section for students do we need to write family income(parents) as it is asking about our income and not the parent’s income.

Obviously there’s room for interpretation both ways. My take on it would be that the relevant income would be the income of the party that is paying for the CFA exam fees.

Hello, I’m from Uganda and I don’t currently have a passport. Is the passport a requirement to apply for the scholarship?

Yes. Passport is a must for registration.

Hi ! I want to appear for the Level 1 examinations in the Nov 2022 attempt and I intend on applying for the Access Scholarship. The scholarship cycle is closed for now. And the additional cycle would be commencing from 9th May,2022. I just want to confirm that if I apply for the scholarship on or after 9th may then will I be eligible to appear for the Nov 2022 attempt ?

According to the timelines given by CFA Institute for both the scholarship and CFA exam, you SHOULD be able to. But I’m afraid there are no guarantees!

Hi Micheal, I applied for a CFA unfortunately I wasn’t selected . Is it possible to apply again

Hi Joseph. Yes, you can apply again. The window is open now.

See https://www.cfainstitute.org/en/programs/cfa/scholarships/access

Hey, I had applied for scholarship and gotten it for L1 but failed that exam. I had submitted the same essay for 2022 exam but didn’t receive the scholarship. Is it because I didn’t clear?

Hi Anupriya, sorry to hear that. I think it is unlikely to be penalized because of an exam failure. There are so many factors affecting who gets it, e.g. competition, needs-based etc so don’t worry about it and keep trying for next level.

Hi I Need your help regarding CFA can you please help me by texting me on 9769175193. So we can communicate regarding the same. It will be helpful for me

Wooooowwwwww, following the tips in this beautiful article (to the tiniest dot!!!) helped me to bag an Access scholarship on 8th March 2022, …!!!!

Your lady is 22 years, from the Pearl of Africa, (Uganda) in the Eastern part of the Continent…

Thankkssssssssssssssssss….. @300hours team!!!

I first read this article in mid 2021 as a final year Undergraduate student (Finance Major) with alot of anxiety about how I will be able to achieve my dream timeline of starting the CFA Charter journey, (I was 21years at the time) with no full-time job (I was just surviving on random gigs), with savings less than $50, etc…to help offset the exam costs….

Google Search about how to write a winning scholarship personal statement helped to lead me to your website!!! And the rest is history ……

I plan on taking on my Level 1 exam in Nov ’22……and I’m grateful for the game changing resources that you provide all the way through!!

Cheers to 300hours…🎉🎊📚

Yay, *high five* Mercy! Congrats, we are so proud of you! And thank you for letting us know, this made our day 😀 😀 😀

Don’t forget to use our CFA study planner for Level 1! It’s magic 🙂

Hi i want to appear in nov 22 exams so if i apply for scholarship in june22(will open as per site) then can i appear in nov22 exams?

Hi Saurabh, the final registration deadline for Nov22 exams is 9 Aug 2022.

So assuming CFA Institute takes the same 6 weeks time to announce scholarship from the date they close the application (e.g. recent Access scholarship closed on 14 Feb 2022 and results announced by 31 March 2022), the estimated results for June’s access scholarship (closing 13 June 2022) would be announced end of July 2022, this is a very tight window but it gives you a week from that to register for Nov22, assuming it is 6 weeks.

I failed my CFA L2 and I am rounding up my scholarship application. I felt a strong urge to include in the application that I had failed the L2 in November.

Will including this reduce my chances of being successful with the scholarship application?

Looking forward to your quick response.

Hi Victor, I’m sorry to hear that. But L2 is just a step above in terms of difficulty of passing, and you’re not alone. We do not know what factors CFA societies and CFA Institute use in its decision making for scholarship, but I don’t think it should impact your chances of success as it’s normal for people to fail L2, and we don’t think it would prejudice you in a needs-based scholarship application.

Hey! I am currently in the penultimate year of my graduation. Can I still apply for the access scholarship? I plan to take the exam in December 2022, I’ll be in my final year by then

Hi I want to appear for August 2022 attempt .I have applied for CFA access scholarship once if I get the scholarship can I give exam in August 2022 or Am i too late

Hey I have applied for the cfa acess scholarship and didn’t get a reply yet and registration ends on 10th Feb what should I do ?

Hi Ashish, as per our table above, Access scholarship only closes on 14 Feb with results announced by 31 March. So if you register now, your scholarship application would be voided. You would not have time to make it for May 2022 registration given the 8 Feb final registration deadline, but August 2022 registration is possible.

hey Sophie , But I want to take exam in May window only !! so should i wait till 31st march for the scholarship result ?

Hi Ashish, as per my previous message, May 2022 registration has closed on 8 Feb. So you are too late for May 2022 by now. The earliest exam you can register for – after waiting for scholarship results – is Aug 2022.

Hi Sophie I applied for acess scholarship and did not get it and gave the examination on my own in November last year and I didn’t clear it , so I am thinking of applying for acess scholarship again can you help me out with essay and tell me how can I improve it.

If I don’t get the scholarship will I have to pay the full registration fee or the early registration fee as I applied on 11th January 2022 ?

Same Question

Hi Shubham and Estuti, I have double checked this with CFA Institute, and they have confirmed that if you are not selected for a CFA Institute scholarship, you can get the early registration fee/discount on your next exam registration (valid for ~ 1 year).

What if I don’t get cfa scholarship and can’t pay early fees ?

Will subscribing to any third party provider impact my chances of getting the scholarship while its in process? Just a random thought.

Hey, I plan to appear for the August 2022 L1 Examinations. I want to apply for the women’s scholarship as well. Am I too late for the same?

Sorry for my late reply Parina! If you did apply for Women’s scholarship which closed on 28 Jan, you should hear back by 18 Feb 2022 and be still in time to register for L1 Aug22.

If not, the next Women’s scholarship application cycle opens 1–28 March 2022, with a decision around mid April. If awarded, you can still make the Aug22 registration since Aug 2022’s final registration deadline is 3 May .

For some reason I couldn’t able to mention any references in the scholarship application but was able to write an excellent essay So will I still be considered for the scholarship without mentioning the references

Hey where do we put the name of our references, you know it? I connected with my lecturers at university and they feel free to help on this.

Yeah I also have the same issue. I think this year they have removed the reference section completely from the form. They are just asking for the essay. Can anyone confirm this?

Hi Suryans, yes, it seems that in 2022’s Access Scholarship application, CFA Institute have just removed the need for providing any references going forward. You’ll be fine! Good luck 🙂

Currently I can apply for both women as well as access scholarship. I heard that women scholarship are on first come first serve basis. 11 days have already passed. Also I am a full time student. So should I apply for access or women? Can I apply for both? If yes, which to apply first? Looking forward to hear from you. Thanks! Purva

Hi Purva, you can apply for both if preferred, no worries about that. You can even apply for Student scholarship too if you’re from an affiliated university . Order of application doesn’t matter as long as you send them in early before the deadlines.

can you apply for women and access scholarship at the same time ? because the womens scholarchip page says”the Women’s Scholarship is available to women around the world who are interested in earning the CFA charter and who do not qualify for other CFA Institute scholarships” can you confirm if you can apply for both

Yes you can Henri. If you get one, the other application will not be reviewed.

hi Sophie if I apply for the access scholarship in jan2023, if awarded the scholarship will I be able to register for may2023 as the deadline is 31jan2023.if I hear back after the 31st can I still register for may late ?

Hi I am planning on applying for the September access scholarship window this mean I will get the scholarship answer after October but I want to write cfa level 1 in nov 2023. Can this work or will the deadline to register for nov 2023 have passed

Hello , i have one questions , i already registered for CFA L1 May 2022 exam , can i apply for access scholarship for CFA L2 before my exam of CFA L1 ?

No you can’t your scholarship will be rejected

Hi Punit, current registered candidates are not eligible to apply unfortunately. So you would have to wait until May exams are over, then apply in the next application window.

Hi I plan to take level 2 exam in Nov 2022 ; may i apply for this round of access scholarship (jan 2022) since CFAI said if it is awarded; it can be used for the current years’ exams (2022) ;nov? Thanks for helping

Yes I believe so Boyka. Note that Access Scholarship applications are closing soon, so make sure you get that sent in. Good luck!

Hi, I want to apply for Access Scholarship for Aug 2022 level 2 examination. I’m 23 and the sole earning individual in my nuclear family. My father has retired and my mother is a homemaker. Will I be in a disadvantageous position if I disclose that I’m earning as the CFA Institute might think that I’m capable of paying the fee? Also are there any income proofs that we are required to submit or any other documents required in the application process?

I don’t think there’s any income proof needed. I believe you should include as much context as necessary – yes, you’re earning, but you also have to support your parents, which should be taken into consideration.

Good luck, and let us know how it goes!

Hello, I wanted to give CFA level 1 on Aug2022/ Nov 2022 for which I would be applying for a scholarship that is going to start from 10th Jan 2022. At present, I have a pending application to register for the exam in Aug 2022. So, I wanted to ask will it amount to the disqualification of the scholarship application or I will still be eligible for availing of the scholarship.

I’m not sure by what you mean by ‘pending application’. If you’re registered for a CFA exam, you can’t apply for a CFA scholarship, but if you’ve not completed registration, you should be eligible for a scholarship. Hope that helps!

What is the word limit for essay for women scholarship

It can vary from year to year, but generally ‘essays’ are a short personal statement rather than a lengthy essay. Some CFA scholarships this year have 100-500 word limits for their statement-based answers. Hope that helps!

Hi, I just applied for the Student Scholarship to take the August 22 exam, but I forgot to consider the time to receive an answer. As the deadline for a reply is until July, if I understood correctly, I may not have much time to study. Did I make a mistake choosing August over November or do they tend to respond sooner?

Student scholarship applications, I believe, depend on the affiliated university so I wouldn’t be able to advise too much about that.

However if your reply is coming in July there is no way you’d be able to prepare in time for August – ideally you want 5-6 months to prepare, 3-4 months minimum. Hope that helps.

I have received Access Scholarship and currently registered For L1 May 2022. Am I eligible to apply for Access Scholarship for L2?

Yes, you can reapply for subsequent levels, or even when retaking the same level.

Hi, I’m writing the Women’s Scholarship essay at the moment and I happened to come across some comments mentioning that one has a higher chance of getting the scholarship if one applies ASAP once the application window opens. If this is true, then I’m considering to apply for the next window (Jan 2022), but also I’m worried that I’ll miss the early bird deadline which caused me to pay 1000USD in case I don’t receive the scholarship. What should I do?

Scholarship applicants will be offered the early-bird pricing regardless of the outcome of your scholarship application.

Hi, Are you sure ab this. I applied for the Women scholarship and how can I claim the early-bird registration fee in case I am not accepted for the scholarship?

do you know what happenned to the access scholarship? they put program media scholarship instead when i sign in to my account

CFA Institute have taken the Access Scholarship off for now. They keep saying it’s “coming back soon” but so far we’ve been waiting for about 7 months and counting…

Is there any update on the access scholarship, for Nov2022 exam?

Unfortunately no – still no word and Access scholarship is still not open to new applicants. ☹️

Hii. I had apply for women scholarship..When can I expect a reply from them.And also will I be getting any update if they reject my application?

CFA Institute has been changing the rules quite quickly on this, but we believe that you should get a response within max 12 weeks of applying. You will be notified whether you have been successful in your application, regardless of whether you were awarded the scholarship or not.

I have completed my graduation by opting for BBA (general) and got certification in the investment foundation course offered by CFA Institute. what is the chance that I will get the scholarship, or if it is less then what should I do to get the scholarship?

There is no insight on how many scholarships are awarded nor award criteria. It’s entirely at the discretion of CFA Institute, so your guess is as good as ours.

Hello, i want to apply to the acces scolarship this fall, and im planning to take the exam in May-22. As i read, the outcome will be on 1st December; assuming that i don´t get the scolarship, will i be able to register to the May-22 exam or it will be too late?

Thanks a lot!

We don’t really have an actual schedule confirmed for the Access Scholarship – this has been delayed several times so I’m not actually certain that the Access Scholarship will be open for applications on time as planned.

If I were you I would set a deadline for myself to wait for applications to open, and if that deadline is missed, you should think about registering without a scholarship anyway, if it’s possible.

Hey! I just failed my level 1 exams , but however I’m trying to give it in Feb 2022 . I want to apply for the women’s scholarship that is available for us but while writing an scholarship letter should we have to mention about the failing of level 1 exams in the letter? Also what kind of documents should we have to submit?

same question

I don’t think you have to speak about not passing the exams – in any case they likely have records of it anyway. I don’t think there’s any documentation necessary for the Women’s Scholarship.

Hi. I want to give the November 2022 attempt for CFA Level I. I was trying to apply for the women’s scholarship, however, the page isn’t opening and is showing some error. Please advice on what I sould do. Thank you.

It seems to be working for me now. It’s also the last day of applications for this quarterly cycle, so make sure you get your application in ASAP!

Hi, If my women scholarship gets declined, can I apply for scholarship again in future?

Yes, you can apply the same for the next cycle.

Yes, of course!

I have given level 2 exam in Aug-Sep, the results of which will be declared by the end of October. I want to give level 3 in the May window so, should I apply before my results are declared or after it?

I have the same question. Would appreciate if you could help

You can only apply for L3 after you’ve passed L2.

Hi, I am currently CFA Level 1 candidate and will be appearing for exam in November’ 2021. Am I eligible to apply for scholarship for Level 2 examination?

Same question!

You should be fine. The scholarship is awarded and valid for your next exam registration, regardless of whether it’s L2 (if you pass) or L1 (if you don’t).

Hello, can I apply for scholarship and register in my second year of under graduation so that I can give my CFA Level 1 in my third year?

Hello, as it has been mentioned a couple of times that while waiting for scholarship results, if we are denied of scholarship, we get early bird registration offer for the next available exam. So, does this mean if I want to register for November but am denied scholarship and the early bird period has expired, i will get early bird for Feb exam only and not November (which is my preference)?

You will get the early registration fee offer for the next available exam when you receive your scholarship application result. So if the standard registration for November is still open, you should be able to register for November with the early-registration fee.

Good evening and thanks for the insight.

I am new to CFA and just planning to start. I however want to apply for women scholarship in September before anything. I don’t have any cfa account yet. Do I need to create an account before applying for the scholarship or i can just go ahead and apply for the scholarship 1st before anything? Kindly guide me through. Thanks.

I believe you’ll need to create a CFA Institute account to apply for the Women’s Scholarship anyway. You’ll use the same account to register for the exam.

Read this article after my registration.. Can I cancel it and apply for the scholarship?

You should be able to cancel your registration without penalty if you’re cancelling within 14 days of registration. Make sure that the scholarship you’re eyeing is accepting applications though – for example the Access Scholarship is still not open for applications.

Has the cfa scholarship for feb 2022 been awarded yet and can we still get discount after the early registration passes

CFA scholarships are awarded independently of the exam windows – there isn’t a CFA scholarship ‘for’ Feb 2022. Scholarship applicants do get offered the early registration discount even after the deadline has passed if they’ve been waiting for scholarship results.

Hello, I’m looking to give my CFA level 1 exam in 2022. Can you please clarify whether the access scholarship for the 2022 exam has been announced. And if not what could be the possible dates for the scholarship?

The Access scholarship is unfortunately still closed, and no date announced for when applications will be opened.

Any idea when they will open? And if scholarships are announced this late, will I be able to give May 2022 attempt with scholarship?

Hi. I wanted to know that if I get the access scholarship, results of which are announced in December, then can I register for the February exam next year(assuming that I have prepared) or will I have to go for the May examination

The CFA Access Scholarship is currently closed to applications so it’s not confirmed that you’ll be able to apply and get results by December.

Hi, I had applied for the Women’s Scholarship on April 19th, 2021 for the November Level 1 Exam. I have not heard back from them yet, I am getting very anxious as I expected to hear from them by now. The November registration is closing by 20th July, I thought it was gonna end by 16th first. I wish to appear for the exam in this year. Will I have to pay the standard fees now? I read that they usually do reply within 3 months and its almost 3 months now. What should I do? 🙁 🙁

CFA Institute has indicated that scholarship results take about 12 weeks as they review applications quarterly, which in your case is around 20th July. 12 weeks is also a guide rather than a hard deadline, so it might come a little earlier, or take a little longer.

Scholarship applicants will be offered the early-bird registration fee for the next available exam so they won’t miss out due to waiting for scholarship results. But since normal registration for Nov’21 closes 20th July I would prepare to have to miss Nov’21 in all honesty.

If you wish, you can follow up with them at [email protected] or any other contact details given to you during the scholarship application process.

Good luck, and let me know how it goes!

Hi Zee, I got a reply from CFAI that my scholarship was declined 🙁 They have said that I can apply for the next exam and pay the early bird fee. But I do not see it being reflected in my account. What do I do next?

You should see the early-bird rate reflected when you book your exam window. But if you don’t, send an email to [email protected] and copy in [email protected] describing your issue and saying you need your early-bird offer reset.

I want to register for Feb 2022 level 1, so does it makes any sense to wait for access scholarship? As the results of the scholarship would be declared in December, and till then the registration for Feb 2022 would have ended, if I’m not wrong.

So should I register or wait for access scholarship for Feb 2022 exam?

Currently there is no indication on when the Access scholarship will be open to applications. CFA Institute have previously indicated mid-April, but obviously we’re way past that now. Whether you should register or wait depends on how badly you want the scholarship.

I have been awarded cfa level 1 scholarship but now when I am registering and during check out the scholarship fees is not being reflected there ,what should I do now ,the last date is 30th June

You’ll need to get in touch with CFA Institute for this. Sometimes candidates’ scholarship can disappear if the checkout process is not done in one go. There is a discussion thread here: https://300hours.com/f/cfa/general/t/cfa-registration-issue/

Could you please let us know how you drafted in that application for scholarship like What points you have mentioned It would be of great help if u can mention

Thanks in advance Anjan

I applied for the women’s scholarship back in April. I’m still waiting on a response. Any idea when I could expect to hear?

CFA Institute have said that candidates can expect to hear back within 12 weeks, so it could be up to July for your case.

When will the scholorship window will open for 2022 attempts?

We just don’t know. CFA Institute have indicated that it should have opened in April/May, but clearly that hasn’t happened yet, and they were unable to follow up with a concrete date. So “whenever they’re ready” seems to be the best answer we have at the moment.

I am a late riser in the CFA club. However, I have made my decision to write the exam in Nov 2021. Looks like I am late for the women’s scholarship and I have to wait till September to apply for it.This automatically implies that If I am to write the Nov Exam, I have to pay the full fees of $1000. Am I correct in gathering that information from the website? I would appreciate any response on this.. Thank you!

CFA Institute has previously informed us that the Women’s Scholarship is supposed to be awarded on a rolling basis going forward, so we’re not sure why they’ve closed it until September.

You’ll miss the registration deadline for Nov 2021 if you wish to to apply for the Women’s scholarship in September, so it’ll have to be one or the other.

Exactly my thoughts. That leaves in terrible lurch. Is this a first time incident of them closing the scholarship window early. Any chance I can get the scholarship for Nov by reaching out to them?

You could always try, but I doubt it.

Think about which is more important to you – applying for a scholarship or proceeding with the exams sooner.

Well, I am still contemplating the idea to take the test in Feb 2022. However, the scholarship opens only in September and that gives me another question. If the early bird registration ends in August. Then how will the scholarship be effective for me, if I chose to write L1 in Feb 2022. If I choose the early bird option, I have to register for the exam. And If I choose the scholarship then I wait to register the exam and bear the late fee. Am I thinking tooo much?

Definitely not over-thinking it, it’s a fair and often-asked question. CFA Institute have confirmed to us that unsuccessful scholarship applicants will be offered the early-bird rate for the next exam, so you won’t miss out. If you get the scholarship obviously it wouldn’t matter 😊

Hello , Have a good day ! I want to apply for women’s scholarship for the 2022 exams. However I apply and wait for the revert from CFA institute even after the “early bird registration” which results in i have to pay extra after deadline. If I unable to get the scholarship what will be the amount i have to pay after deadline.? Is there any reduction in amount for those who are waiting for the scholarship? Though I cannot afford the late registration fee , I can expect a reply form CFA ASAP.

You won’t miss out on the early-bird registration fee as a scholarship applicant. Quoting CFA Institute:

Applicants that are not awarded a scholarship are offered the early exam registration fee for the next exam registration.

Hi Tan, It means i do not have to pay late registration fee for coming exam in 2022 ( I am studying for CFA level 1 May 202 exam).

It means if you apply for the Women’s Scholarship but are not awarded it, you will be able to register for the next exam with the early exam registration fee, even though it’s passed.

Thank you so much for clarifying doubts.

No problem at all!

I have the same question. If I apply for women’s scholarship in September for cfa level-1 may 2022 exam and I’m not able to get it will I be able to pay the early bird registration fees for may 2022 even if the deadline passes?

Yes, you will be eligible for the early-bird rate.

Hi, I am working for an employer for the past 10 years after completing my Post Graduation in Engineering . Will I be eligible for Access Scholarship or any other Scholarship. Thanks in advance.

I think pretty much anyone is eligible to apply for the Access Scholarship, but applications are not open yet. I don’t think you’re eligible for any other CFA scholarship.

hi , i want to know that if I register for access scholarship for 2022after informing that the cfa institute will giving the information for the access scholarship, After applying for the scholarship can i really get the scholarship, for that I have financial issues so I can’t afford the fees and I have very much interested and I have knowledge of investment and finance field. can u please tell me about this?

I won’t be able to tell you what are your chances of getting the scholarship. If you’re interested in finance and determined to get the scholarship, read our guide carefully, follow all the advice there and apply when the Access Scholarship is open for applications. Good luck!

please reply to my comment done on 9th May 2021

My name is Dinesh and I am CA final student from india. Is it I am eligible to student scholarship? Is it The Institute of Chartered Accountant’s of India is affiliated university as per CFA Institute

Student scholarship eligibility and deadlines depend on the specific affiliated university. I could not find The Institute of Chartered Accountants of India on the list of affiliated universities on CFA Institute’s website .

Thank you so much for this useful information. I was having a doubt , can a 12th passout apply for access scholarship and if we receive access scholarship, is it a one time application (valid or applied to all the 3 levels) or should we have to apply it again for L2 and again for L3?

I’m not sure what you mean by ’12th passout’. Each application applies to only one level of the CFA exam – you can reapply again for subsequent levels.

I’m looking at the Access Scholarship to open for November 21. However, the early bird registration for November 21 closes on 5th of May.

I understand that even if we don’t get the Scholarship, we would get to apply the exams with the discounted fees. However based on 2020’s scholarship, the awards are given in December..so, I’m not sure how that would work out.

The Access Scholarship schedule was originally configured to suit the old CFA exam schedule (twice a year in December and June) so yes, the Access Scholarship schedule doesn’t quite fit the new CFA exam schedule. CFA Institute are aware of this and are working to eventually move the Access Scholarship to a rolling schedule, like all other CFA scholarships. CFA Institute have not actually announced details for the latest Access scholarship, so your concerns on scheduling might be addressed once they disclose full info on how the latest Access scholarship is going to work.

So I guess it’s a risk not applying for the early bird dateline for 5th May, cause the info from CFAI is still not out and it’s anyone’s guess.

I mean, I technically have the ability to pay for it, but it’s not quite the same as really being able to afford it.

Guess I’ll have 1 more day to decide. Thanks Zee!

“I mean, I technically have the ability to pay for it, but it’s not quite the same as really being able to afford it.” That’s the best description of the CFA scholarship applicant I’ve seen yet! You’re welcome – good luck! If you have any further questions, just post in our support forum .

When do access and student scholarship applications start for the 2022 attempt?

There are no fixed deadlines for role-based or Women’s CFA Program scholarship applications, including student scholarships. Applications are considered on a rolling basis, with awards made throughout the year.

There is less clear info on Access scholarships. There is an effort to eventually move this to a rolling schedule as well, but for now it’s still on an annual basis. Access scholarship applications should open any time now, but it might be delayed due to the many changes over the past year (and changes that are still going on!).

Hey, I want to apply for the student scholarship. In the list of affiliated universities my university is listed but my program isn’t. Will I still be able to apply for the student scholarship and be considered for the same?

I’m pretty sure your program doesn’t need to be listed to be able to apply. There are additional requirements depending on your university that you should check out though – see here .

Thank you Zee that clears my doubt.

You’re welcome!

I have applied for the women’s scholarship and planning to take the nov 2021exam. If I don’t hear back from them before the early bird deadline and I didn’t get the scholarship should I pay the extra fee in standard deadline or the same fee as in early bird deadline?

We’ve received quite a few questions about this – we have reached out to CFA Institute and will update everyone when we hear back on this. Stay tuned!

Hi Vamshik, I finally got a confirmation from CFA Institute on this:

Hope this clarifies.

Hi Alexander,

Had a doubt. I have applied for women’s scholarship for Nov 21 exam. Waiting for the reply. If in case the scholarship gets rejected, and this rejected reply if I get after the date of early registration which is May 4 2021, then will I be eligible for early bird registration or I will have to pay the entire 1000$ fees ?

Hi Riya, I’ve just got confirmation from CFA Institute that applicants that are not awarded a scholarship are offered the early exam registration fee for the next exam registration.

Hello. I had applied for access scholarship last year. But i did received an early exam registration fee waiver only. The last date to redeem this offer was given as 30 june 21. But now when i wanna register for nov 21 level 1 exam it is not reflecting at the time of checkout and i am asked to pay in full $1150. Can you please guide me in this. Thank you.

Hi Aakansha, last year’s scholarship awards have been extended to include all 2021 exams. You must register for an exam by the testing window’s registration deadline.

I suspect there is a system issue in your case and you’ve to contact CFA Institute directly to sort this technical issue, as you’re not the first to report this! You should be allowed to register for L1 Nov21 with reduced fees from your scholarship award.

Hi, I’m planning to take L1 Nov21. But I want to apply for Women scholarship before that. Considering the early registration deadline falls on 4th May’21, should I take the L1 Feb’22 attempt or should I just go ahead with the registration asap to avoid paying $300 for the late registration. Also, while applying for the women scholarship, there’s an option to attach supporting documents. Could you please guide what kind of documents can these be so that I can obtain them if possible to support my application?

I’m also having similar questions.

Hi Sophie, one last question what is the word limit for the essay?

Hi Ridhi, for Women’s scholarship application it is max 3500 characters. As Access scholarship is not open yet, I would assume it is similar length. Good luck!

Hi I applied for women scholarship 1 week back.but I have time only till 4th May to register for cfa Level 2 august 2021exam,its the final registration date.since I won’t be able to receive the scholarship with in the above time period. I want to register for my cfa without scholarship. What would happen if I register for my cfa exam as applied for scholarship?

Hi Sowmya, if you register for L2 Aug21, your scholarship application would thus not be considered.

Hi Alexender,

I applied for the women scholarship in Feb, when can I expect to get a reply? I am planning to appear for the exam in Nov 21 and early registration is open till 4th May.

Hi Sumedha, it can take up to 3 months to hear back for Women’s scholarship. That said, you can still register for Nov21 exams if awarded with the reduced fee. Nov21 exam’s registration closes on 10 Aug 2021 .

I got access scholarship with a deadline of 30 june 2021. Today I was trying to enroll for level 1 July exam but could not find any option to choose the scholarship or to reduce the fee to 250$ on the dashboard. Please help. Thanks for your time in advance.

Hi Lakshay, it is worth calling CFA Institute directly as it may be a technical issue on their end. Given that L1 Jul21 registration is closing on 20th April, timing may be tight and you may have left this too late.

It may be worth considering L1 Aug21 registration, as it is just 1 month later with more study time. You can still get the scholarship applied as long as you register for an exam before your 30 June 2021 deadline.

Thanks for your reply. The scholarship is not even reflecting in the August exams and CFA institute is not picking calls or replying to emails. I am waiting from many days for their reply.

Hey! Hope you are doing well 🙂 I just got my result two days back for level 1 and i am so happy that I passed!!! Now, I want to apply for scholarship for level 2 I have a few questions, please help me answer it 🙂 Q1- If I apply for scholarship now, when will I get to know about the result? Q2- If I get selected for scholarship and in the mean time the ‘early bird registration’ gets closed, still I will get the scholarship and the amount will be reduced to $350?? Q3- Can I apply for women and regular scholarship both at the same time?

Thank you in advance! God bless you 😀

Ah I’ve answered your questions here in the forum .

Hi. I appeared for CFA L1 in Feb 21 but I did not pass it. However, I paid the entire fees for it. Now if I want to appear for L1 again in Feb 2022, can I apply for the Access Scholarship or will I have to pay the entire fee again? And if I can apply for the Access Scholarship, when can I do it?

Hi AD, sorry to hear that.

Yes you can apply for scholarship this year for L1 Feb22 retake. Access scholarship this year is supposed to open mid April, that is CFA Institute’s guidance, but clearly they are late on this. But it should be soon.

Hi Alexandar,

I would like to know exam registration fee reduction for CFA access scholarship/ women scholarship entitle for 3 level exam or need to apply for every level?

I’m looking forward for your reply.

Hi Kath – the scholarships apply to individual levels, so you’ll need to apply at every level.

Hello! Hope you are doing great

I have taken my cfa level 1 exam on 17th feb 2021 and the results are awaited, they will be announced in April. I want to apply for women scholarship for level 2, given the fact that level 1 results are not yet out, can I still apply for level 2 scholarship?

Hi Ridhi, you can’t apply for Women’s scholarship yet until your results are out around mid April.

Perhaps you could work on your scholarship application meantime and have it saved whilst awaiting your results.

Hey kindly help me if possible.. I want to take Nov 2021 L1 attempt. I want to apply for women’s scholarship.. is it okay to apply for the scholarship today? will my scholarship get approved? because the last date of early registration is May 4 2021.

Hi Urvashi, Women’s scholarship are assessed on a rolling basis and takes 3 months to hear back from application submission. So if you apply today, you will be late for L1 Nov21 early registration deadline, however, you could still make final registration deadline (10 Aug) if you’re happy to squeeze that in.

Hello, I’m planning on appearing for November 2021 or February 2022 exam. If I apply for the access scholarship in March, which of the above exams can I apply for? Thank you.

Hi Hrishike, Access scholarship is only opening around mid April this year. We don’t know if the rules are changing for Access scholarships, so unable to comment on that at this stage.

For example, pre 2021, Access Scholarships have traditionally open for application in March until September, with results being announced 1st week of December. Obviously with that timeline, Feb22 exam is more realistic.

That said, we expect CFA Institute to update their Access Scholarship deadlines and assessment cycle given the new exam cycles. For example, IF Access Scholarships became like the others and are open on a rolling basis, where you hear back within 3 months, you would then be able to apply for Nov21.

Long story short, we need this year’s Access Scholarship to open to understand if there are any new changes, before we know the answer to your question 🙂

Thank you for the information. What will be the deadline for early registration for February 2022 attempt?

2022 exam details haven’t been published as yet. However, if I were to infer from Feb21 dates, it would be mid Aug for early reg deadline for L1 Feb22 🙂 Stay in touch with us by signing up to our mailing list (at the top of each page), and/or check back on our CFA exam dates page for more info.

Hi, I was awarded the access scholarship last November 2020. I am really confused about the expiration date that was mentioned. The expiration date given is June 30, 2021. It means that I should register before an exam registration closes right, it doesn’t mean that I have to take the exam before June 30, 2021? I mean for instance, for November 2021 exam, the registration closes on August 10, 2021, it means that I can still use the scholarship for it, right? Since the registration for November closes on August, I can still register using the scholarship before June 30? Thank you in advance for answering my question. 🙂

Hi Ey, yes it means you need to REGISTER before the deadline of the scholarship expiry 30 June 2021, NOT take the exam before the scholarship’s expiry.

Hello, Can I now apply for a Scholarship for CFA L1 for November 2021

Hi Rishi, not for Access scholarship as applications only open in March and candidates normally apply 1 year in advance of the target exam.

But for other role-based ones which are open on a rolling basis it could potentially work, but deadlines are tight as early registration deadline for Nov 21 exam is 4 May 2021.

Hi Add and Rishi

Sorry for putting the question here but I could not find where I can put the questions.

I have 2 questions that need your help,

1. I am going take the exam for Level 1 in Nov 2021. It means there is no scholarship which I can apply at the moment ? right? even I enroll Women scholarship ( as the last date to Register for Nov exam is 4 May.) So, I need to pay registration fee and the fee for level 1 ? Am I understanding right? if not could you please correct me and give me a idea?

2. Assuming I pay registration fee and level 1 and pass Level 1, when can I apply for scholarship for Level II ?

Thank you so much

Hi, Is the $25 rescheduling fees applicable for both rescheduling within the exam month (say shifting between 24th-30th August 2021 for Level) and rescheduling within the exam cycles (say shifting from August 2021 to November 2021 for Level 1) ?

Hi there, I applied for Women scholarship on the 9th of January. Just wondering when do you think they tell me the result for my scholarship? Do you think I get back from them soon and would be able to register for May 2021 level 1 exam?

Best Regards,

Bahareh Edalat

Hi, If I appear for Level 1 in August 2021, will I be able to appear for Level 2 in February 2022?

Yes Kardam, if you pass L1 Aug21 you can go for L2 Feb22. See our CFA Journey Planner for more details.

Hi Sophie and Rishi

1) for L1 Nov21, yes it is too late as scholarship applications should happen 1 year BEFORE the exam year you would like to apply for, typically. 2) you can apply for L2 scholarships after you have received your L1 results, but BEFORE you register for L2 exams.

hi I have registered for CFA’s women scholarship program in Nov 29, but I have not received the result yet. Do you think I have any chance to get the scholarship for 2020? because there wasn’t any deadline for women scholarship.

Hi Life, CFA Women’s scholarship is on a rolling basis as you said, and are assessed on a quarterly basis.

So you should hear back on the results within ~12 weeks. Successful role-based or Women’s scholarship applicants have up to 12 months in which to use their Award. I presume you meant 2021, and therefore you should be able to use it for 2021, if awarded.

Hope this helps!

I’m appearing for CFA L1 in Aug’21 which means results would be out by end of Sept’21. By the time results are out for CFA L1, window for Access scholarship would be closed.

How do i apply for Scholarship for CFA L2 before results are out for L1 and before scholarship deadline which is Sept’21.

Hi Neha, If you’re taking CFA L1 in Aug21, the exam window is end of August. So since results are out within 60 days from that, you would only know your results by end of October, not September.

But yes, the Access Scholarship window would be closed by then, based on the current annual cycle. You won’t be able to apply for L2 Access Scholarship without L1’s results in time. We have reached out to CFA Institute previously on this issue, and they have said “We hope to enable a move to a rolling application basis for Access scholarships over time.”

So unfortunately there is no clear time commitment when CFAI would update their Access scholarship cycle, but we expect this should be updated soon.

On the other hand, you could consider Women’s scholarship since there are no fixed deadlines for role-based or Women’s CFA Program scholarship applications. Applications are considered on a rolling basis, with Awards made throughout the year. Women’s scholarship applications are reviewed on a quarterly basis and so candidates can expect to hear the outcome of their application within approximately 12 weeks.

This may be a good alternative/backup if Access scholarship cycle hasn’t changed then.

Hi. I am so much confused pls help me. On October 11 I had received an email for access scholarship decision that I have been selected for scholarship but from that date to up till now the status on my cfa account has not been changed from submitted to awarded. What to do now. Do I suppose to get the scholarship or not. Please tell

Hi Raveena, congrats on the scholarship! It is best to follow up directly with CFA Institute BEFORE you go for any exam registration, as it cannot be deferred to future levels. Registering now without any scholarship details voids the scholarship award. CFA Institute is probably just swamped and it is best to double check your status with them directly via email.

I have emailed them so many times but get no response yet. I am also trying on call but they are not answering. Should I wait till January?

Is there any way by which one can use access scollrship benefit for level 2 February 2022 examination…? Because i don’t see any. Also if i didn’t apply for the same and paid the full fees. Will i be eligible to get a level 3 scollrship further?

Hi Cube, there is a deadline (depending on type of scholarship, e.g. for Access it is around 7 months from award) to register for the CFA exams. So 2020’s scholarship awards are for 2021 exam registrations only usually. I don’t quite understand your second question: do you mean if you paid full fees for L2, will you be eligible to get a L3 scholarship if you apply in the future? If so, yes you can apply for L3 (after you have passed L2), regardless whether you have received a scholarship previously. Does this answer your question?

I have missed the chance to apply for scholarship this year and I’m planning to give level 1 exam in aug. Will I be able to apply for scholarship for level 2 after the exam ??

Hi Kishan, as long as you apply before the deadline it should be fine (and before registering for L2). But we expect CFA Institute to update their scholarship deadlines/timetables hopefully soon to reflect the new CBT exam cycles. So we have to wait and see for now.

If I apply for the level 1 scholarship in March 2021 then will i be able to apply for December 2021 examination if a get the scholarship?

Hi Jainam, from 2021, there are no longer any Dec exams. Check this post ( https://www.300hours.com/articles/all-the-dates-you-need-for-your-next-cfa-exam ) for the new computer-based exam schedules. At the moment, all of the scholarships are on a rolling basis and probably takes 3-4 months on average for results, except Access scholarship, which currently (as confirmed by CFA institute) is on an annual basis. They recognise that this would probably change to a rolling basis as well to accommodate the new exam cycle, but have not confirmed or made any announcements on this.

What are the usual questions or things I need to be prepared for with regards to the the access scholarship interview?

Hi Jieun, as far as I’m aware, there are no in-person interviews for the access scholarships. Just an online application.

I have been scheduled for one this coming weekend, it’s expected to run for 15 minutes

Hi Jieun, thanks for letting me know – interviews are quite rare, but it’s a good thing! Which CFA society are you registered to? 15 minutes isn’t long, so here’s a few tips: as it is access-based, make sure you’re familiar with your financial situation numbers that you’ve submitted, also your CV and career goals. Definitely be prepared to answer ‘why do you want to pursue the CFA charter’ and how this can help with your current job or target career. Good luck, let me know how it goes!

Hi All, I applied for access scholarship this year and I submitted my application on 24th of june 2020. I understand that we get our results by 1st of December. However, I’m a tad worried because all my friends that applied after I submitted have gotten feedback whereas i am yet to receive any. Do i need to send them a mail to enquire about my status or wait till 1st of December. Thanks

Hi Isaac, if you’re worried, feel free to send them an email to chase up. You should hear back by 1st Dec latest as you said. Good luck!

Same here. Same here. I am waiting too. Hopefully, they still get back to us.

Hi, have you heard from them?

Hie sophie. As you replied above in comments for adithya’s question about getting access scholarship on dec 1 if applied before sept 15 (the deadline for feb 21) . And If scholarship granted to me, will there be separate availability of location for people who earned schoarship on December 1 for feb 2021 exam or do we have to struggle instead in getting exam location.

Hi Vikrant, I’m not aware of a separate booking system for scholarship recipients unfortunately. So yes, if you do get awarded an Access scholarship on 1st Dec 2020, you can book for Feb21 provided there are slots available.

Can I apply scholarship for December 2021 attempt??

Hi Archi, there’s no longer a Dec 2021 exam now, given the transition to computer-based testing. Check out this article for 2021 exam cycles by level ( https://www.300hours.com/articles/cfa-journey-planner-registration-options ). That said, you can apply for role-based scholarships now as they are on a rolling basis. The annual Access scholarship applications just closed on 15 September 2020 (for 2021 exams), so you will need to wait until it reopens again. Given the change in exam cycle schedules, it is likely it would be on a rolling basis next year, but we are awaiting CFA Institute’s confirmation on this point.

Hey. Now that the last date for Feb 2021 registrations has been shifted to Dec 7 and Access results are announced on December 1, is there a chance that if awarded, I can use the Access scholarship for Feb 2021 exam dates? Need to know this as I will have to plan my studies accordingly.

Hi Adithya, that may be possible now, assuming you applied for Access Scholarship before 15 Sep 2020. So if awarded on 1st Dec 2020, you should be able to apply that scholarship to a Feb21 L1 exam cycle, which wasn’t possible previously under the old final registration deadline.

hi, I am looking to give December 2021 Level I CFA exam, so do i need to apply for woman scholarship now. At the time of granting scholarship, do CFA give us some kind of timeline in which one need to sit for the exam. thanks for your response.

Hi Sarika, with computer-based exams next year, there would no longer be a December L1 exam cycle, but 4 exam cycles: Feb21, May21, Aug21 or Nov21 for Level 1 exams. You can certainly apply for Women’s scholarship now as it is on a rolling basis with limited numbers awarded per exam cycle. Yes, if awarded, CFA Institute does provide you with a defined window of time (seven months) in which you must enroll for a CFA Program exam before the expiration date listed in the scholarship award email expires. It probably makes sense to apply now, as it takes a few months to award it, which ties in nicely with an end of year L1 2021 exam for you.

Thanks Sophie! Just to clarify, I take the December level 1 exam, wait for results and if I pass, apply for the women scholarship for level 2 (2021). But isn’t the scholarship on first-come first-serve basis? Does women scholarship have any deadline? Thanks again 🙂

Hi Ridhi, yes I think you can apply for scholarship after your results have been announced. For women’s scholarship, it is on a rolling basis throughout the year so no deadline, just apply when you’re eligible and not registered as a candidate. My understanding is that it is on a first-come-first-basis, I don’t know whether that has changed given the new CBT exam schedules next year, but I presume it still would be as they probably allocate a certain number of such scholarships for each exam cycle.

Hi! I have already registered for level 1, which means I cant apply for scholarship now. My level 1 exam is in December 2020. I want to apply for level 2 scholarship. What is the deadline for scholarship for 2021 exams? I have been searching but can’t find. Thanks in advance!

Hi Ridhi, yes you’re right as your situation is similar to the previous commenter above. The deadline for 2021 exams has unfortunately just passed for Access Scholarship (15 Sep). The other Role-based scholarships are awarded on a rolling basis and applications have opened since 1st September, so if you’re eligible for any of those, make sure you prepare your applications now, but only submit it after the exams results are announced. Else your best bet is to wait for 2021’s Access Scholarship to open for 2022 exams. That said, as mentioned above, Access Scholarship’s rigid annual timeline may no longer make sense when we move to computer-based exams which are held 2-4x a year, so hopefully CFA Institute may move Access Scholarship on a rolling basis soon, or else it is quite tricky to plan on when to take an exam! Sorry it wasn’t a clearcut answer – we will certainly update our readers if the deadline/timing changes on Access Scholarship.

I already registered level 1 Dec 2020 exam, does it mean I am not eligible for the scholarship? If so, can I now apply the scholarship for level 2 instead?

Hi Iceberg, yes as you’re a L1 registered candidate, you’re not eligible to apply for a scholarship as you’ve demonstrated the ability to pay via your registration. That said, you’re also a year late for 2020 exam’s scholarships, as this year’s scholarship deadlines are for 2021 exams. I just double checked with CFA Institute and unfortunately it seems that rules have changed (although not made clear) that you can no longer apply for a scholarship (even if for a different level) if you’re currently enrolled in an exam. This seems to create a disadvantage for current Dec candidates given the Access scholarship’s deadlines. The current rigid, annual timeline for Access Scholarship doesn’t seem to work if exams are held 2-4x a year going forward for each level, so I’m hoping that CFA Institute would eventually change Access Scholarship rules to be rolling just like the other Role-based scholarship for the registration timing and requirement to be un-registered when applying to make sense.

Thank you for the information Sophie. Do you know if CFA Institute will soon change the Access Scholarship deadlines? I weren’t able to register for the Access Scholarship this year to take the Level II in 2021 because I’m already registered for the Level I December, 2020. It’s kind of unfair, I will have to wait until 2022 to take the Level II exam then, since the next Access Scholarship will probably be awarded in December, 2021.

Hi Eduardo, CFA Institute hopes to change the Access Scholarship cycle to be on a rolling basis in the future. But currently it is still on an annual basis.

If someone had registered for the now postponed June 2020 exams by paying the full fees and they have not yet selected an upcoming exam date for 2021, can they still apply for the Access scholarship?

Hi Gbilly, I’m afraid not, as the person is currently registered for an exam (although the date was postponed and yet to be selected), so as per the Access Scholarship rules, currently registered candidates are not eligible. Because by registering, they have already demonstrated the ability to pay the examination fees and hence do not qualify for the scholarship.

Hi, I have a questiom, if my unmarried sibling has a car and a house under his name, should I include it in the income and asset portion? I just want to make sure so I hope you can help me.

Hi Jae, I’m confused as to whether it is your CFA scholarship application or your brother’s? Scholarship applicants should include income and assets under their name in the Access Scholarship application.

Yes it is my application. Thank you for that. I was just confused as I am not married yet, so I included for instance my family’s income and asset – e.g. my parents’ house where I currently live since the application said “Household” Income and Asset and I belong to that household including my parents and siblings.

Hi! About the “Income and Asset” portion that is “quite detailed” as you mentioned. Do I have to attach a personal financial statement to support what range of amount I choose? My local society does not require any additional document as per CFA Institute website. So, I just wonder if it should be automatically attached? Thank you!

Hi Angel, if your local society doesn’t require it, then it is optional. But feel free to attach it as additional documentation if you’ve the option to – it can’t hurt your chances. Good luck!

Thanks for Sharing Its Very Informative For Me

Putting the CFA society I belong to on my CFA access scholarship is very compulsory because it was starred. So I chose CFA society of Nigeria. And then I made up my mind to join the CFA society of Nigeria, but before I can successfully be a candidate member of the CFA society of Nigeria, I must be registered for an upcoming CFA exam. But this condition conflicts with one of the requirements of the CFA access scholarship, which is applicant for the CFA access scholarship must not be registered for the upcoming CFA exam until they get a feedback from the CFA access scholarship team. I am very confused

Hi Michael, sounds like it’s best you reach out to CFA Institute and your society to ask about this.

HI. I would like to know for the two referees you provided, were they later contacted by CFA?

That’s a very good question. I’m not sure if they did – it’s been a while ago! They might have had a quick call just to check details etc, but not an extensive phone interview.

Thank you very much for the response. I have a quick question. While registering for the CFA access scholarship, I was asked “which of the CFA society do I belong to”. I am not a member of any CFA society as at the time of registration, but I chose the CFA society in my country; CFA society of Nigeria. Immediately I made preparations and plans to join the CFA society of Nigeria, in which I got necessary information as to how to be a member of the CFA society of Nigeria. I am supposed to be joining the CFA society of Nigeria as a candidate member. One of the requirements for joining the CFA society of Nigeria is to already be registered for an upcoming CFA exam. I can’t register for any CFA exam until I get a response from the CFA access scholarship team. Any registration I make now before I get a response from the scholarship team will imply I am capable of registering for the exam without any financial constraint or need for scholarship, which will therefore automatically cancel me out or make not qualified for the access scholarship. I am a bit confused here. I am not suppose to register for the CFA exam until after the CFA access scholarship team gets back to Me. But While applying for the CFA access scholarship, I was told my access scholarship application will be reviewed by the CFA society I belong to. To be a member of the CFA society of Nigeria (candidate member), I must be registered for an upcoming CFA exam. I am very much confused here and need your help on what steps to take, so I don’t get affected in any way. Thank you.

Hi Michael – now that’s a conundrum! Is putting your CFA Society in the application optional? Can you submit the application without putting a CFA Society in at this stage? I would imagine this issue affects all scholarship candidates. If your application is submitted and can’t be changed, I suggest contacting both CFA Institute ([email protected]) and your CFA society about this to see what they say.

Can i apply for both Access scholarship and women’s scholarship?

Hi Disha, yes you can apply for both scholarships. But a candidate may only receive one CFA Institute scholarship per exam, in which case the most recently awarded scholarship will be applied.

Hiya! Is the women’s scholarship really given on a first come first serve basis? Where does this information come from?

Hi Devin – the women’s scholarship has a set number of scholarships, and the application window closes when all scholarships have been awarded. So it is advantageous to apply as early as possible – hence ‘first-come-first-served’. Hope that makes sense!

If you apply for the scholarship how long will take to hear about the outcome

Historically, about 2-3 months.

1st December for the applied year.

If you’ve applied for the CFA access scholarship but didn’t get it, would CFA Institute refund the difference in higher fees due to trying to meet different scholarship deadlines?

I’m assuming you mean that because the scholarship requires you NOT to register until you hear back from them, you might miss the early registration deadlines? If that is the case, in the past, CFA Institute will allow you to pay the ‘cheaper’ fee. However I’ve not been able to find any official reference to this any more, so they may have changed this. Best to contact them directly ( https://www.cfainstitute.org/en/utility/contact-us ).

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Scholarship Story

Personal Statement for Scholarship: How to Write and Examples

Table of Contents

A substantial part of the applications are personal statement for scholarship. Writing a stunning personal statement is vital if you’re hoping to win a scholarship. The personal statement is your chance to convince the board that you deserve the scholarship. While your curriculum vitae may be remarkable, hundreds, perhaps even thousands of students are likely to be just as remarkable. A personal statement is an excellent way of setting yourself apart.

Personal Statement for Scholarship

There’s no right way to write a personal statement for a scholarship, but here are some tips on how you can write a killer personal statement that can help you to elevate your pitch.

What is a personal statement for scholarship?

A personal statement is an overview of your accomplishments, talents, interests and objectives that are often included in applications for universities or scholarships or on resumes. It is a sample of writing (often about 2 pages) that describes you to the best of your abilities, your reasons for choosing the course you have chosen, your research interests, your goals and the creative ways you can add value to the program you are applying to.

The purpose of the personal statement is to provide an opportunity for those reviewing applications to learn more about you, your education goals, and how the scholarship will help you to continue your education.

How do you write a personal statement?

To guide you in composing your scholarship personal statement, here are some tips on how to get started.

Be concise, be organized, be focused

Make sure that your personal declaration follows a coherent order. Try to ponder how it might sound to an audience that doesn’t know you. Getting input from people you trust can help you get different points of view on how those who read it actually impact your personal statement. Avoiding long, drawn-out essay responses will not only help keep the attention of your reader, but will also show you’ve been thoughtful about your writing.

Be reflective

A personal statement, just because it narrates challenging times, is not always impactful. Strong personal statements should show that the writer has reflected on their past experiences and achievements and learnt from them. Ideally, the writer will be able to show progress towards a clear outlook on how he or she sees the world and the direction he or she is heading in the future. An effective personal statement gives a clear sense of your personal qualities and how you used and developed them to respond to your challenges and opportunities.

Get personal

The readers want to get an understanding of who you are, and the only way to do that is by sharing a little about who you are. That’s why it is called a personal statement after all. This is your opportunity to share what you feel they should know about you for making an informed decision with the reader.

Make it authentic

A personal statement for scholarship should show you who you really are and what you support about, not what you assume the readers want to hear. Remember that those who read your application will also be able to read many other applications, and will be able to tell you immediately if what you write is honest and genuine. It’s also worth remembering that some programs require a finalist interview where it’ll be easy to spot those who haven’t been authentic in their personal statements.

Give yourself plenty of time for revisions

Before submission, personal statements need to go through several revisions. Read your writing to others, and rewrite the content and style for accuracy. Pay attention to proper grammar and punctuation rules, and don’t forget spell checking. It’s also strongly advised that you make use of campus resources to gain valuable insight into how to improve your personal statement for scholarship.

A short personal statement, a strong personal statement

“My love of astronomy started when I looked up as a child at the darkness of space and found it captivating and awe-inspiring at the same time.” “From seeing my first production on stage I have been passionate about William Shakespeare’s works. I am fascinated by the way in which Shakespeare is still relevant today.

Can you see why these two examples are inaccurate?

While they are very favorable and well-worded statements about why a student might want to study astronomy, or Shakespearean literature, both of these examples of Personal Statement lead to clichés and generalization very rapidly.

We are not suggesting that when writing a personal statement for scholarship you should not use positive words, but this positive language needs to be supported up with solid, specific examples and thorough analyses. Remember: Showing, not telling, is the key to an excellent personal statement.

Why, then, is Shakespeare relevant to today? What specific examples could you use of an author from the 16th century to demonstrate its relevance to the modern age? Similarly, proclaiming a love for night sky wonders is all well and good, but why did it make you want to study astronomy?

Impose a limit on how many adjectives or descriptive sentences you use in your writing. It is important to remember that a personal statement in a relatively short number of words has to accomplish a lot. If you over-use words such as ‘ambitious,’ ‘astonishing,’ and ‘awe-inspiring,’ you’ll end up repeating yourself.

Structure of a personal statement

Structuring your statement is important to ensure it reads well. Write your personal statement as an ongoing prose piece, just like an essay. You might want to follow this structure:

Introduction

Your introduction should be brief, explaining why you’re excited about applying for the scholarship. The strongest introductions often have an academic focus, so think about the reading of the background that you did.

Avoid such phrases as ‘I always have’ or ‘from a young age’ or anything like that. Focus on one particular thing about the offered field that interests you. If you have a hardship, leave your introduction to the end. Once the main body of your personal statement has been written, it will be clear what your strongest motivations for applying are. Then you can integrate that into your introduction.

The main body of your personal statement should include examples that show your preparedness.

Start by choosing between three or four examples. For an idea of what examples you could include here, refer back to step one. Try to have at least one example related to your course which focuses on academic reading. Just avoid listing skills or qualities, and explain in detail your skills and experiences. Make sure you show when writing about skills or qualities that they are relevant to your future studies.

Try to think academically, as well. Imagine you are an admissions tutor when choosing your examples: are you demonstrating your knowledge of the subject through detailed examples? Are you showcasing the skills you need to apply the scholarship successfully?

Your conclusion should summarize your statement’s key points and remind the granting committee of your strengths. This is a good opportunity to write about your future plans, too. How does the scholarship that you apply for fit into your larger picture?

Examples of personal statement for scholarship

Whether it’s a scholarship essay about yourself, a creative writing scholarship, or an essay on why you deserve the scholarship, the personal statement for scholarship examples below can help you better understand what may result from following a good format.

Personal statement for scholarship: Example #1

As a child of immigrant parents, I learned to take responsibilities for my family and myself at a very young age. Although my parents spoke English, they constantly worked in order to financially support my little brother and me. Meanwhile, my grandparents barely knew English so I became their translator for medical appointments and in every single interaction with English speakers. Even until now, I still translate for them and I teach my grandparents conversational English. The more involved I became with my family, the more I knew what I wanted to be in the future.

Since I was five, my parents pushed me to value education because they were born in Vietnam and had limited education. Because of this disadvantage, I learned to take everything I do seriously and to put in all of my effort to complete tasks such as becoming the founder of my school’s Badminton Club in my sophomore year and Red Cross Club this year. Before creating these clubs, I created a vision for these clubs so I can organize my responsibilities better as a leader. The more involved I became, the more I learned as a leader and as a person. As a leader, I carried the same behavior I portrayed towards my younger cousins and sibling. My family members stressed the importance of being a good influence; as I adapted this behavior, I utilized this in my leadership positions. I learned to become a good role model by teaching my younger family members proper manners and guiding them in their academics so that they can do well. In school, I guide my peers in organizing team uniform designs and in networking with a nonprofit organization for service events.

Asides from my values, I’m truly passionate in the medical field. I always wanted to be a pediatrician since I was fourteen. My strong interest in the medical field allowed me to open up my shell in certain situations: when I became sociable to patients in the hospital as a volunteer, when I became friendly and approachable to children in my job at Kumon Math and Reading Center, and when I portrayed compassion and empathy towards my teammates in the badminton team. However, when I participated in the 2017 Kaiser Summer Volunteer Program at Richmond Medical Center, I realized that I didn’t only want to be a pediatrician. This program opened my eye to numerous opportunities in different fields of medicine and in different approaches in working in the medicine industry. While I may have a strong love for the medical field, my interest in business immensely grew as I soon discovered that I didn’t only have to take the practical approach in the medical field. With this interest, I plan to also become a part of a medical facility management team.

In the future, I hope to pursue my dream of becoming a doctor by attaining an MD, and to double major in Managerial Economics. I intend to study at UC Davis as a Biological Sciences major, where I anticipate to become extremely involved with the student community. After graduation, I plan to develop a strong network relationship with Kaiser Permanente as I’ve started last year in my internship. By developing a network with them, I hope to work in one of their facilities someday. Based on my values, interests, and planned future, I’m applying for the NCS Foundation scholarship because not only will it financially help me, but it can give motivation for me to academically push myself. I hope to use this scholarship in applying for a study abroad program, where I can learn about other cultures’ customs while conducting research there.

Personal statement for scholarship: Example #2

Nothing is more important to me than ending racial inequality and discrimination in America, as I do not want my younger siblings to face the discrimination Black people continue to face in our present society. After winning our fight to freedom and provoking the passage of the 1964 Civil Rights Act, why do Black teens face higher poverty rates than Whites and are still four times more likely to be incarcerated? “That was such a long time ago. You really need to get over it,” my White peers say when referring to racial inequalities. But, why then, in 7th grade, after winning Nazareth Academy’s Spelling Bee competition, did my fellow White classmate state with a heavy dose of surprise, “You know…when I first saw you, I didn’t think you were going to be smart?”

I hope to contribute to ending racial discrimination by utilizing our present interconnectivity and running a social media campaign titled #It’sNotOver. #It’sNotOver aims to oppose the widespread misconception that, because racial inequality was legally outlawed, de facto racial inequality does not still persist in our society. Our recent presidential election may have brought life to a ‘Divided America’, but it also exposed how influential social media is. By raising awareness of racial disparities that occur everywhere, I might encourage a new wave of change in our country like that of the present Time’s Up movement. Furthermore, if I can access the influence of celebrities in my #It’sNotOver campaign, like that of Time’s Up, I might similarly capture the attention of millions of people and inspire action against this issue across the globe.

I know that social media can only do so much in addressing these issues as not everyone can afford the luxury of having internet access. However, I hope that my campaign can inspire all those who do have access to take it upon themselves to be the change by being inspired by the fact that we are globally united in this issue. Although I expect negativity and criticism from people who either do not believe that this issue exists or do not believe in our cause, I am willing to encounter it if it means our society as a whole irrevocably can grow to accept each other’s differences.

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how to write personal statement for cfa scholarship

Access Scholarship | Personal Statement

I am planning to appear for level 2 in June 2021. I intend to apply for access scholarship. In this regards someone can please recommend me suggestions in the following areas:

  • Personal Statement: What points Should be covered in personal statement and what points should be avoided ? Any must have line/statement ?
  • Net Income: What kind of personal income statement can do the work ? Any special recommendation ?

Please i need recommendation ? Any1 ?

  • https://www.quora.com/How-do-I-write-an-effective-application-for-CFA-scholarship
  • https://soleadea.org/cfa-scholarship
  • https://www.cfainstitute.org/programs/cfa/scholarships

You’re welcome!

Financial Aid and Scholarships

Important updates.

  • In observance of Independence Day, Financial Aid and Scholarships will be closed on Thursday, July 4, 2024 . 
  • The Department of Education has announced they will send information from the 2024-25 FAFSA to schools in mid-March. This may result in a delay in financial aid packaging and offers for the 2024-25 academic year. 
  • While awaiting your financial aid offer, we encourage you to utilize the UC Davis Financial Aid Estimator  to estimate your potential aid.

Writing a Personal Statement

Perhaps the most critical piece of many scholarship applications is the personal statement. It is often the chance for you to make the best case for why you should be given a scholarship. Personal statements allow the reader of your application to gain the strongest feel for who you are as a person, what sets you apart from other applicants, provide evidence of your intellectual and creative achievements, and show your writing ability.

Your personal statement should be treated as the equivalent of a face-to-face interview. A well-written statement adds clarity, richness, and meaning to the information collected in other parts of your application. It is also an opportunity to explain how factors outside of your school environment have enhanced or impeded your ability to maximize available academic and intellectual opportunities.

While there is no one correct way to write a personal statement, here are some tips that are universally applicable:

Start on your personal statement early.

Give yourself time to think about your topics, and carefully consider the rationale behind each question.

Be clear. Be focused. Be organized.

Make sure your personal statement follows a logical structure. Try to think about how it may sound to an audience who doesn’t know you. Getting input from people you trust—teachers, friends, relatives—can help you get different perspectives on how your personal statement affects those who are reading it. Avoiding long, drawn-out essay responses will not only help keep your reader’s attention but will also show that you were thoughtful about your writing.

Get personal.

The readers want to get a sense of who you are, and the only way to do this is to share a bit about who you are.  After all, it is called a Personal Statement. This is your chance to share with the reader what you feel they should know about you to make an informed decision.

Make it authentic.

A personal statement should showcase who you are and what you care about, not what you believe the readers want to hear. Remember that those reading your application will be reading many other applications as well and will be able to tell right away if what you are writing is honest and authentic. It is also worth keeping in mind that some programs require an interview for finalists where it will be easy to spot those who have not been genuine in their personal statements.

Be careful with humor and clichés.

What might seem funny or bitingly ironic to you might not seem that way to someone who doesn’t know you. Remember that the personal statement is an opportunity for you to give a complete picture of yourself. Don’t allow clichés to speak for you.

Be reflective.

A personal statement isn’t effective simply because it chronicles difficult circumstances. Strong personal statements should show that the writer has reflected upon and learned from their past experiences and achievements. Ideally, the writer will be able to show progression towards a clear perspective of how he or she sees the world, and what direction he or she is headed towards in the future. An effective personal statement gives a clear sense of your personal qualities and how you have used and developed them in response to your opportunities and challenges.

Use specific examples to illustrate your ideas.

Being too vague or writing too generally will not make your personal statement memorable. Thousands upon thousands of personal statements discuss initiative, but only hundreds show initiative using concrete examples of demonstrated motivation and leadership. But examples are only one part of the equation. You also need to show how you have assigned meaning to your experiences and how you have grown from them. Prove that you have a sense of who you are, where you are going, and how you are going to use your education and your experiences to accomplish your goals. Although some events have long-term or even lifetime ramifications, it is usually better to focus on recent events because they shed more light on who you are right now.

Finally, give yourself plenty of time for revisions.

Personal statements should go through several drafts before submission. Read your writing to others, and revise for clarity in content and in style. Pay attention to rules of correct grammar and punctuation, and don’t forget to spell-check. It is also recommended that you make use of campus resources (such as professor, teaching assistant, advisor, Academic Assistance and Tutoring Center, classmates, or friends) to gain valuable insight into how to improve your personal statement. If you are applying for prestigious scholarships, make sure to submit all personal statements to the Prestigious Scholarship Advisor for editing and guidance on re-writes.

We hope these tips will help you get organized and will inspire you. Your personal statement is the best tool you have to show us the individual gifts you have to offer.

CFA Scholarship [Access, Women, etc.], Essay, Results, Application and more

Diving into the CFA Program marks the start of an ambitious journey toward becoming a Chartered Financial Analyst, a title that holds immense prestige in the finance industry. But with high aspirations often comes a significant financial commitment. Enter CFA Scholarships : your golden ticket to advancing your career without the burden of heavy fees.

In this blog, we cut straight to the chase, providing you with essential information on the scholarship types available, how to apply, and strategies for writing an essay that stands out. Whether you’re a budding finance professional or a student with big dreams, we’re here to guide you through the scholarship process, making your path to CFA certification both accessible and clear.

Understanding CFA Scholarships

The path to becoming a Chartered Financial Analyst (CFA) is both prestigious and demanding, with a significant investment in time and resources.

Recognizing the financial challenges many candidates face, the CFA Institute offers a variety of scholarships to help reduce the financial burden and make the CFA Program more accessible to a broader audience.

To know more about CFA as a course, read – All About CFA

Overview of Available Scholarships

  • Access Scholarship: Aimed at making the CFA Program more accessible to individuals who may not afford the full program fees. It’s open to anyone who meets the CFA Program enrollment requirements but lacks the financial means.
  • Women’s Scholarship: Specifically designed to support women around the world in obtaining the CFA Charter, promoting gender diversity in the finance profession.
  • Student Scholarship: Offered to students currently attending affiliated universities, this scholarship encourages aspiring young professionals to start their CFA journey.
  • Professor Scholarship: Available to full-time college or university professors who teach finance-related courses, facilitating educators to further contribute to the finance education ecosystem.
  • Regulator Scholarship: Intended for employees of regulatory agencies, central banks, and securities commissions, among others, to aid in their professional development.

Criteria and Eligibility for Each Scholarship Type

  • Access Scholarship: Applicants need to demonstrate financial need and cannot be currently enrolled in the CFA Program.
  • Women’s Scholarship: Open to women around the world who are interested in earning the CFA Charter but require financial assistance to do so.
  • Student Scholarship: Students must be enrolled at an affiliated university and recommended by their academic institution.
  • Professor Scholarship: Professors must be employed full-time at an academic institution and actively teaching finance or related subjects.
  • Regulator Scholarship: Employees or members of regulatory bodies in the finance sector who wish to enhance their knowledge and skills.

Objective and Benefits

The primary objective of CFA Scholarships is to reduce financial barriers for promising candidates who demonstrate a strong commitment to their finance careers but require support to cover the costs of the CFA Program.

These scholarships not only make the CFA Charter more accessible but also strive to promote diversity and inclusion within the finance industry.

  • Reduced Exam Fees: Significantly lower registration fees, which cover the program enrollment fee and the exam registration fee for the respective level.
  • Access to Resources: Scholarship recipients gain access to the CFA Program curriculum and a plethora of study resources and support networks.
  • Professional Recognition: Receiving a CFA Scholarship itself is an accolade, recognizing the recipient’s potential and commitment to their finance career.

In summary, CFA Scholarships offer a pathway for individuals from diverse backgrounds and financial circumstances to embark on or continue their journey toward becoming a CFA Charterholder.

By understanding the types of scholarships available and their eligibility criteria, candidates can identify the opportunities that best align with their circumstances and career aspirations.

Scholarship Application Process

Securing a CFA Scholarship is a competitive process that requires careful preparation and attention to detail.

Understanding the application steps, key deadlines, and essential documents can significantly enhance your chances of success.

Step-by-Step Guide on How to Apply for a CFA Scholarship

Applying for a CFA Scholarship requires a detailed understanding of the process to ensure your application is complete and submitted on time.

  • Determine Eligibility: First, make sure you meet the eligibility criteria for the scholarship you’re interested in. Each scholarship type has specific requirements based on factors like financial need, gender, academic status, or profession.
  • Create a CFA Institute Account: If you haven’t done so already, you will need to create an account on the CFA Institute website. This account is essential for accessing scholarship applications and managing your CFA Program journey.
  • Go to the CFA Institute’s official website.
  • Hover over or click on the “Programs” tab, then select “CFA Program” from the dropdown menu.
  • Look for a section titled “Scholarships” or use the search feature to find the scholarship page.
  • Select the Scholarship: On the Scholarships page, you’ll find detailed information about each scholarship, including Access, Women’s, Student, and Professor Scholarships, among others. Click on the scholarship you wish to apply for to view specific details and requirements.
  • Access the Application Form: Within the scholarship’s detailed page, there will be a link or a button labeled “Apply” or similar. Click on this to either log in to your existing CFA Institute account or to create a new one if you haven’t already. Once logged in, you can access the scholarship application form.
  • Complete the Application Form: Fill out the application form with all the required information. This typically includes personal details, academic and professional background, a statement of financial need or an essay (depending on the scholarship), and any other information specific to the scholarship.
  • Prepare and Upload Required Documents: Some scholarships may require additional documentation, such as proof of income, academic transcripts, or letters of recommendation. Prepare these documents in advance and upload them as part of your application.
  • Review and Submit Your Application: Before submitting, double-check all the information you’ve entered and ensure that all required documents are attached. Make sure your application is complete and accurate, then submit it before the deadline.

Required Documents and Information for Application

  • Personal Identification: A copy of your passport, national identity card, or other government-issued identification.
  • Academic Records: Transcripts or records from your highest level of education.
  • Proof of Financial Need: This may include income statements, employment status documentation, or a written statement explaining your financial situation (specifically for the Access Scholarship).
  • Recommendation Letters: Some scholarships may require letters of recommendation from professors or industry professionals.

Key Dates and Deadlines to Remember

For the 2024 CFA exam year, the CFA Institute offers several scholarship cycles with specific opening and application periods for different types of scholarships, including the Access, Women’s, Student, Professor, and Regulator Scholarships.

  • Access Scholarship: The second cycle for the Access Scholarship opens on January 24, 2024. The first cycle has already closed in late 2023.
  • Women’s Scholarship: For the Women’s Scholarship, the second cycle opens on January 9, 2024. Like the Access Scholarship, its first cycle has already closed.
  • Student Scholarship: Applications for the Student Scholarship are accepted from September 1, 2023, through July 31, 2024.
  • Professor Scholarship: The application period for the Professor Scholarship runs from September 1, 2023, until July 15, 2024.
  • Regulator Scholarship: Similarly, applications for the Regulator Scholarship are accepted from September 1, 2023, through July 15, 2024.

Each scholarship type offers specific benefits, such as waived enrollment fees and reduced exam registration fees, aiming to make the CFA charter more accessible to a broad range of candidates.

The scholarships cater to individuals based on financial need, academic or professional status, and efforts to promote diversity within the finance industry.

Tips for a Successful Application

  • Start Early: Begin your application well in advance of the deadline to allow ample time for gathering documents and refining your essay or statements.
  • Be Thorough: Answer all questions fully and provide detailed responses where applicable. Comprehensive answers can better demonstrate your eligibility and need.
  • Focus on Your Essay: If required, your essay should clearly articulate your passion for finance, your career aspirations, and how the CFA Charter will help you achieve those goals. Be authentic and specific.
  • Proofread: Typos and grammatical errors can detract from the quality of your application. Review your application carefully or have someone else check it before submitting.
  • Follow Instructions: Adhere strictly to the guidelines for document formatting, word limits, and any other application instructions.

How to Write a Great Scholarship Essay?

Crafting a scholarship essay that captures the essence of your aspirations and aligns with the CFA Institute’s values is paramount. This section breaks down the process into digestible tips, ensuring your essay stands out.

Why Your Essay Matters?

  • Your unique opportunity to showcase personality, drive, and commitment.
  • Goes beyond grades and scores to reveal who you are and why you deserve the scholarship .

What the CFA Institute Values?

  • Essays should reflect integrity , excellence , and respect .
  • Highlight your understanding of finance , ethical commitment , and career alignment with the CFA Charter .

Crafting Your Essay

  • Introduction : Grab attention and state your goals.
  • Body : Detail experiences, challenges, and learnings.
  • Conclusion : Reinforce your commitment and future plans.
  • Be specific about your finance aspirations.
  • Include personal stories that showcase your values.
  • Explain how the scholarship will help overcome financial barriers .
  • Professional yet personal ; let your personality shine.
  • Honesty and enthusiasm are key.

Mistakes to Avoid

  • Vagueness : Specific details set you apart.
  • Ignoring the Prompt : Address all parts of the question.
  • Typos and Errors : Proofread to maintain professionalism.
  • Repeating Your Resume : Offer new insights about yourself.

An impactful essay is your ticket to making a memorable impression on the scholarship committee. By following these guidelines, you’re well on your way to crafting a compelling narrative that not only highlights your financial acumen and ethical stance but also brings your personal journey to life.

Scholarship Results, Acceptance, and Reapplication

Navigating through the outcomes of your CFA Scholarship application encompasses several key phases, each critical to your journey towards earning the CFA Charter.

Scholarship Results Announcement

Timing and Notification : Scholarship results are generally announced via email a few months following the application deadline. Ensure your contact details are up-to-date in your CFA Institute account to receive all communications promptly.

Accepting a CFA Scholarship

Upon receiving a scholarship:

  • Email Confirmation : Look out for an email from the CFA Institute detailing your scholarship award.
  • Profile Update and Acceptance : Log into your CFA Institute account, find the scholarship notification, and follow the instructions to accept your award.
  • Terms and Conditions Review : Carefully read through any terms associated with the scholarship, particularly those regarding exam registration deadlines.
  • Exam Registration : Utilize the scholarship to register for the CFA exam within the specified period to leverage the financial benefits fully.

If Not Selected for a Scholarship

Should your application not result in a scholarship, consider the following steps for reapplication:

  • Reflect and Enhance : Review your initial application to identify areas for improvement. Update your CFA Institute profile with any new achievements, experiences, or qualifications that strengthen your candidacy.
  • Revise Your Essay : Take a critical look at your scholarship essay. Enhance it to reflect any new insights, experiences, or professional growth that align more closely with the CFA Institute’s mission and values. A more compelling narrative can significantly impact your reapplication.
  • Monitor Deadlines : Keep an eye on the CFA Institute’s website for the next scholarship cycle dates. Planning your reapplication early can give you a strategic advantage.
  • Update Application Materials : Prepare your reapplication by emphasising any new accomplishments or experiences. Ensure your financial need is clearly articulated, and your commitment to the finance profession is evident.
  • Submit Your Reapplication : Revisit the scholarship section in your CFA Institute account when the next cycle opens. Fill out the application form with updated information and submit it ahead of the deadline, ensuring all newly added achievements are highlighted.

Whether moving forward with scholarship funding or preparing to reapply, maintaining focus on your ultimate goal of earning the CFA Charter is paramount.

Each step, from application to exam preparation, contributes to your professional development in the finance industry.

Stay engaged, seek growth opportunities, and persist in your efforts to secure the scholarship and achieve your career aspirations.

Preparing for the CFA Exam with a Scholarship

Receiving a CFA Scholarship not only alleviates the financial burden associated with pursuing the CFA Charter but also provides a unique set of resources and opportunities to enhance your exam preparation.

Understanding how to leverage these advantages effectively can significantly impact your study strategy and exam performance.

Impact of Scholarship on Exam Preparation

  • Reduced Financial Stress : With the scholarship covering a substantial part of the exam fees, you can focus more on your studies without the added pressure of financial constraints.
  • Increased Motivation : Winning a scholarship often boosts confidence and motivation, as it recognizes your potential and commitment to a career in finance.

Resources Available for Scholarship Recipients

  • Study Materials : Scholarship recipients typically gain access to a wealth of CFA Institute study materials, including the official CFA Program Curriculum, sample exams, and preparatory content designed by Quintedge to aid in understanding the vast subjects covered in the exams.
  • Workshops and Webinars : Some scholarships may offer exclusive access to workshops, webinars, and online classes focusing on exam preparation strategies, time management, and specific content areas.
  • Networking Opportunities : Being a scholarship recipient can open doors to networking events with CFA charterholders, industry professionals, and fellow candidates, providing insights into the exam and career advice.

To get suggestions about some of the best CFA Study Material available, read – Best CFA Study Material in 2024

Planning Your Study Schedule Around Scholarship Deadlines

  • Start Early : Once you receive your scholarship, begin your exam preparation as early as possible. Consider the scholarship award date and exam registration deadlines to maximize your study time.
  • Set Milestones : Break down the curriculum into manageable sections and set milestones based on the exam date. This helps ensure you cover all topics thoroughly and have time for review.
  • Incorporate Resources : Integrate the resources provided by the scholarship into your study plan. Utilize official study materials for in-depth learning and attend workshops for additional guidance.
  • Practice and Review : Allocate ample time for practice exams and review sessions. These are crucial for reinforcing your understanding and identifying areas that need further attention.
  • Adjust as Needed : Be prepared to adjust your study schedule based on progress and comprehension. Flexibility is key to addressing challenging topics and avoiding burnout.

Stepping into the world of finance with the CFA Charter as your goal is a pursuit of excellence. The CFA Scholarship not only eases the financial journey but also opens up a world of opportunities for dedicated candidates.

With determination, strategic planning, and the right resources , achieving your dreams is within reach. Whether you’re gearing up for a reapplication or leveraging a scholarship win, remember that every step you take is a leap towards your future in finance.

Let this guide inspire you to aim high, persevere, and embrace the opportunities that come your way. The path to becoming a CFA Charterholder is rich with challenges, but with the support of the CFA Scholarship, your finance career is set on a trajectory towards success.

Frequently Asked Questions

No difference; the Access Scholarship is one type of CFA Scholarship aimed at those with financial need.

Personal info, educational background, financial need statement, and sometimes an essay.

Focus on your finance career aspirations, financial need, and ethical commitment to the profession.

how to write personal statement for cfa scholarship

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The College Application

How to Write a Killer Scholarship Personal Statement: Definitive Guide With Examples

A lady searching for scholarships, and preparing to write a scholarship personal statement

The Importance of an Effective Personal Statement

Whether you’re coming straight out of high school, are a transfer student, or are an adult student returning to college after a long absence, one of the first things you’ll want to do when preparing for college is to look for scholarships.

At all levels, college is expensive. Winning scholarships that cut down on costs is a priority for most of us, and writing an effective scholarship personal statement can help you do that.

There are many important parts of the process when it comes to scholarship applications. Locating the scholarships and gathering all the relevant information are key components, but your scholarship personal statement is arguably the most important part of a scholarship application.

Writing a powerful and memorable personal statement can really make your application stand out among the hundreds of other submissions.

Table of Contents

What Exactly Is a Scholarship Personal Statement?

A personal statement is pretty much exactly what it sounds like. It’s a statement, paragraph, or essay about yourself. It should tell who you are, where you came from, what your dreams, goals, and aspirations are, and more. It should focus on your strengths and tell scholarship committees why you deserve their money.

Sometimes, personal statements can be written in response to an open-ended question, such as, “ Tell us about yourself. ” More often, though, scholarship applications have a very specific prompt that you’re supposed to follow when writing your personal statement.

Following the Prompt

A prompt is something that many colleges or other types of scholarship committees will give you to help guide your writing. Some essays won’t have a prompt. We’ll discuss those later on in the article. For now, let’s focus on the applications that provide you with prompts.

When given a prompt, please stick to it and answer it fully. You don’t want to trail off onto some other tangent or write your statement how you want to write it simply because it sounds better or because you already have a standard scholarship personal statement you like to use. Answer the prompt that is given, and answer it honestly and completely.

Some prompts require you to respond to the questions asked in the order given, while for others ( most of them ), you can follow whatever order that suits you, so long as you address all questions.

Knowing about some common prompts beforehand will help prepare you for what you may be asked and will keep you from being blindsided. Knowing some common prompts early on can also prepare you a little more about what to write.

Common College Scholarship Personal Statement Prompts

1.   why do you deserve this scholarship.

This is probably the most commonly asked prompt for any scholarship personal statement. Most organizations that give scholarships know why you want the scholarship. What they don’t know is why exactly they should give it to you. Your answer to this prompt should be one that fully answers the question by telling the scholarship committee not only why you deserve the money, but also why you need it at all.

Why you deserve something and why you need it are two totally different questions. This prompt, though, requires you to answer both. The reasons you need the scholarship money could involve a number of factors, including:

  • Financial hardship in your family
  • Coming from a single-parent or foster-parent home
  • Older siblings already at college
  • Parent(s) is disabled, out of work, or incarcerated
  • Coming from a low-income family, neighborhood, or Title I school
  • Receiving government assistance (housing, food stamps, etc.)
  • Being a ward of the state with no support system

All of these reasons – and more – are why you might need the money. Tell the committee that in your scholarship personal statement.

Telling them these things should not be seen as “feeling sorry for yourself” or begging for help. These are all legitimate reasons you could potentially need help paying for college. As long as you’re being honest, these are definitely things that should be included in your personal statement.

Telling the committee why you deserve the scholarship is a little different. While all those reasons are why you need the money, they don’t explain why you deserve it. This is the part of the scholarship personal statement where you sell the committee on YOU.

Tell them about all the great things you’ve done. If you were an honor roll student, a member of the BETA Club or National Honor Society, or a National Merit Scholar, put that in your statement.

Other reasons you could cite as to why you deserve a scholarship include:

  • Exceptional athletic ability or talent
  • Many hours of documented community service
  • Having served your country honorably in the military
  • Impressive personal stories of overcoming adversity
  • Exceptional ACT/SAT scores
  • A schedule that shows an impressive balance of grades, sports, community service, etc.

Just as listing the reasons you need the scholarship isn’t begging, listing these reasons for deserving the scholarship isn’t bragging. There are hundreds, possibly even thousands, of people, trying to get the same scholarships you’re trying to get. You need to stand out above the crowd.

2.  Tell us about overcoming your greatest challenge.

Although this prompt is worded quite differently from the first prompt, in essence, you can answer them both in a similar way. All of those reasons you might have for needing the money are also challenges you’ve had to overcome to succeed in life.

Other possible challenges could include the loss of parents, a physical or mental disability you’ve had to learn to cope with throughout your life, or a dangerous, scary, or upsetting life event you’ve lived through in your past.

For this type of prompt, you’ll want to start with the challenge you faced. Be as honest and descriptive as possible about what it was. Then be equally honest and descriptive about the steps you took to overcome it. If, after overcoming the challenge, you received some kind of recognition or award, make sure you mention that as well.

3. Why do you want to attend college?/Why is education important?

This is another very popular question that’s asked on scholarship applications. A scholarship committee wants to know that you have actual, obtainable goals for your education and your future before they give you money to use for college.

If you can’t effectively explain why college – and education in general – is important to your future goals, most committees won’t want to take a chance on you.

There are different ways to approach this particular prompt. If you fit into a category of people who have notoriously been excluded from higher education in the past, such as African Americans, women, or other minority groups, talking about that can help your case.

You can discuss how hard the generations that came before you fought for you to be able to attend college and how you want to honor that.

You can also take a wholly personal approach to answering this question. Mention any relevant struggles you’ve been through, and don’t be afraid to talk about your family. Did they go to college?

If not, discuss what an honor it’ll be to be the first in your family to graduate from college. Those types of things are all relevant reasons you might want to attend college.

No matter which way you decide to go with your answer to this question, don’t forget to talk about your goals and how college is the only way for you to achieve them in your scholarship personal statement.

Be specific. Talk about your intended major and how that major and the classes you’ll take for it will help you become what you want to become. If you’re applying for a college-specific scholarship, talk about why you want to go to that specific college.

4. Random and Unique Essay Prompts

Sometimes, no matter how hard you study and prep in order to write a good essay, a scholarship committee comes up with a personal statement essay prompt that seems like it’s entirely out of left field. These types of prompts can be anything.

For example, the University of North Carolina at Chapel Hill has been known to ask students seeking scholarships in the past, “ What do you hope to find over the rainbow? ”. And for 2022/23, one of UNC’s application prompts required fill-in-the-blank type of responses, including:

  • If I had an extra hour in every day, I would spend it…
  • If I could travel anywhere, near or far, past, present or future, I would go…
  • The last time I stepped outside my comfort zone, I…

The 2022/23 Yale-specific questions on the Coalition and Common App included the following short answer questions:

  • You are teaching a new Yale course. What is it called?
  • Yale’s residential colleges regularly host conversations with guests representing a wide range of experiences and accomplishments. What person, past or present, would you invite to speak? What would you ask them to discuss?

Another unusual prompt you might come across is “What would you do if you were a superhero?” .

There really isn’t a way to prepare for these types of prompts, but knowing they exist and that you might run across one is a good start.

For many people, these are the best kinds of prompts to receive. They give you a chance to let your imagination run wild, and they’re a nice change from the same old “Why do you deserve this scholarship?” type of questions.

So if you do happen to run across one of these, don’t immediately dismiss it. These types of prompts give you a chance to have a little fun. They are a chance to have your personality shine a little, and who knows- you might just impress the scholarship committee!

Writing Scholarship Personal Statements for Applications without Prompts

If you’re asked to write a personal statement but aren’t really given a prompt, simply tell the college a mixture of all those things listed above. Talk about your achievements, accomplishments, and instances of overcoming obstacles. Talk about your history, and tell them why you need the scholarship and why you deserve it.

There are also a few other Do’s and Don’ts to remember. Do be specific, but don’t get too complicated. Keep things simple and light, while also being thorough. Your personal statement is like a mini autobiography.

You want to highlight all the key points while putting a heavy emphasis on your strengths. You can mention a weakness, especially if you’ve learned to overcome that weakness, but don’t focus too much attention there.

Arrange your essay in a logical order that makes sense and flows well. Also, try to keep to one or two central themes throughout the entirety of the statement. Clear, concise personal statements are easily read and extremely memorable. Don’t be afraid to tell a story, though.

You never want to lie or exaggerate in your personal statement, but you should make it as interesting and as entertaining as possible while sticking to the facts.

Be very clear and precise about your goals and dreams. Don’t add in a lot of hypotheticals, maybes, or uncertainties. Scholarship committees want to know that you have a solid goal for your future.

They don’t want to give money to someone who might want to be an engineer and thinks botany is great but also really loves the idea of cosmetology and is just going to “stay undeclared until I figure it all out.” Umm…that’s an extreme example, perhaps, but you get the idea.

Don’t add in a lot of unnecessarily long words. Your personal statement should read like an actual story of your life, not a poorly written thesaurus. Trust us on this.

Scholarship committees will be much more impressed if you write an honest, well-organized, and coherent essay about yourself than they will if you find a way to use the words “ platitudinous ,” “ audacity ” and “ impecunious ” in your personal statement.

Also, avoid cliches and extremely long and wordy sentences.

Personal Statement Review: If you need help brainstorming or reviewing your essay, check our personal statement helper page.

Standard Scholarship Essay Format

The first thing you want to do when writing your scholarship personal statement is to set the formatting up correctly. Some scholarship applications will provide you with specific formatting requirements.

If not, the standard formatting requirements of a scholarship essay or personal statement are usually as follows:

  • One-inch margins on all sides
  • Double-spaced
  • No additional line spaces between paragraphs
  • Typed in Times New Roman
  • Typed with 12-point font

Specific guidelines given in the scholarship instructions always supersede these formatting guidelines. Be sure to use proper grammar and punctuation. If these aren’t your strong points, ask a teacher, mentor, or friend to look over your essay for any errors.

You could also utilize this awesome  spellcheck and online grammar check tool , or use any other that works for you. 

After you’ve got the formatting correct, the next thing you want to do is put together your outline. This can be done on paper, on the computer, or just inside your head, but it does need to be done.

You need at least a loose outline to make sure your essay flows smoothly and makes sense as written. While the exact structure of your essay will depend largely on your own writing style and the essay prompt, here’s the general structure for most essays.

Step 1: Introduction

Your introduction should be no more than 2 paragraphs long, and you want to catch the reader with a very interesting and engaging first sentence. You should also outline the key points you’re going to be making in the remainder of your essay. If you were writing an English paper, this would be your thesis.

Step 2: Body Paragraphs

You should always have at least 2 body paragraphs, preferably 3. Remember, long paragraphs of text running together can be hard for readers to wade through and absorb, so try to keep your paragraphs to no more than 5 sentences if possible.

If you change topics, such as moving from talking about your family to talking about your strengths, you should also change paragraphs.

Your body paragraphs are where you really sell yourself as a great student with a lot of potential to the scholarship committee. Remember- be specific but simple!

Don’t get bogged down in big, thesaurus-like words, and avoid clichés. Just be honest about your life experiences, your accomplishments, and your future goals.

Step 3: Conclusion

In this last paragraph, you’ll want to sum up everything. This is also the paragraph where you talk about how much being awarded this particular scholarship would benefit you and what you would do with the money that will help you achieve your goals.

It’s also nice to thank the scholarship committee for taking the time to read through your application and consider you for the scholarship.

Scholarship Personal Statement Examples

Below you’ll find some examples of actual scholarship essays that were written by actual college students seeking scholarships. Some are examples of what to do, while others are examples of what not to do.

If you’re stuck and don’t know where to begin, hopefully, these will give you a little inspiration.

Sample Essay 1

“The day was May 28, 2014. My doctor told my parents that I would need Spinal Fusion Surgery with rods and screws, and it had to happen quickly. Before surgery, the doctor suggested strength training for the muscles in my back so that I’d recover faster. I immediately went to the local gym and began working with a personal trainer, Justin. I learned so much from him including how the body works and how surgery takes time to heal. After surgery, I knew that I wanted to use my experience to help others, just like Justin helped me.”

– Read the rest   here .

This is an excellent example of an introductory paragraph for a scholarship personal statement. With the author’s first two sentences, I was hooked. This student knows how to immediately capture the reader’s attention and pull him into his story.

He’s relating a true story in response to a prompt asking him about his after-college plans, but he’s doing it in such a way that it’s instantly interesting, and engaging, and makes us want to read more.

The student also has a great transition sentence. Although we only provided a portion of the essay that stops just before he tells us exactly what his goals are, it’s obvious by the last displayed sentence that that’s exactly what he’s about to do.

He’s about to tell us his plans for his future, after already telling us why he chose those plans.

In just a few short sentences, this student catches our attention, tells us about a horrible thing that happened to him that he had to overcome, explains how that situation shaped what he wants to do with his future, and transitions into telling us his goals.

This is a masterfully crafted introductory paragraph.

Sample Essay 2

“Unlike other teens, I’m not concerned about money, or partying, or what others think of me. Unlike other eighteen-year-olds, I think about my future and haven’t become totally materialistic and acquisitive. My whole outlook on life changed after I realized that my life was just being handed to me on a silver spoon, and yet there were those in the world who didn’t have enough food to eat or place to live. I realized that the one thing that this world needed more than anything was compassion; compassion for those less fortunate than us.”

In contrast to example one, this sample section is an example of what not to do when writing your personal statement. It starts off badly and just keeps ongoing.

The first couple of sentences of this student’s essay don’t paint her in a great light because of how they’re written. It’s fine to tell the scholarship committee that you aren’t a partier and that you care about your future, but it’s not okay to do it while sitting in judgment of other people.

The very first words of this essay are “Unlike other teenagers.” This automatically sets the writer apart, which would be fine if she were going on to say something positive about “other teenagers.”

For instance, if she were to say that she didn’t grow up getting to socialize and spend time with friends because she was homeschooled her whole life or that she didn’t learn about the advantages of technology because she grew up in a rural community, her opening words would’ve been fine.

Instead, she immediately jumps into saying harsh, degrading things about “other teenagers.” She lumps all teenagers into a stereotypical group of irresponsible partiers who care only about their appearances and material things.

Casting other people in a bad light is never a great way to let your light shine in any arena, but this is especially true when trying to craft a strong college personal essay.

The transition to her revolutionary life moment didn’t make a lot of sense, either. She says her “whole outlook on life changed” after realizing there were poor people in the world. This is off-putting for 2 reasons.

The first is that most people, including children, know there are poor people in the world. It isn’t really a secret and doesn’t usually come as a life-changing shock.

Secondly, the way her essay is written, she says she never did those bad things that other teens did. Then she says her whole life changed when she realized there were poor people in the world.

As written, this makes it sound like she changed and started doing these things after her revelation, which is certainly not what she meant at all, but because of the chronology of her essay, that’s how it sounds.

Sample Essay 3

“And, that strength was something that came not only from knowing how to cook my own food, lug armfuls of wood three or four times a day, and make my own safe and cozy place in the world, no matter where. It came from an inner sense of seeing things as they are. Life isn’t just out of a magazine with the best appliances and the nicest furniture. There are other things in life, like dirty floors, and relationships that don’t always work, and meals that have to be made. But, that’s not all bad.”

– Read the rest   here .

This is another example of an essay Don’t. The whole essay, which isn’t listed here, isn’t bad as a whole, but it also isn’t clear and precise. The sentences are long and wordy, and the student uses conjunctions, like “and” and “but,” to start sentences.

Grammatically, that isn’t the best way to write. This is an example of an essay that could have been quite good if only the student had spent some time editing it, proofreading it, and perhaps handing it over to someone else to look over it before he submitted it.

Never underestimate the power of revision and constructive criticism when writing your own scholarship essay.

Sample Essay 4

“Through the successes of my efforts, I also realized that poverty was just a societal limitation. I was low-income, not poor. I was still flourishing in school, leading faith-based activities, and taking an active role in community service. My low-income status was not a barrier but a launching pad to motivate and propel my success. […] Success is triumphing over hardships — willing yourself over anything and everything to achieve the best for yourself and your family. With this scholarship, I will use it to continue focusing on my studies in math and engineering, instead of worrying about making money and sending more back home. It will be an investment into myself for my family.”

– Read the rest here .

These are two paragraphs from the same essay, both excellently written. This student came from a very poor background and had to begin making money to help out their family at a very early age.

In this essay, the student does a great job of discussing hardships in the past in an honest, straightforward way that invites the reader’s admiration rather than pity.

The way he spends a brief amount of time talking about his hardships and then moving swiftly into how those hardships motivated him to want more from life is very well-done.

His conclusion paragraph is also spot-on. He acknowledges that the only way to overcome hardship is “willing yourself” to achieve. This shows that he has a willingness to work hard and experience to back it up.

He then goes on to tell how he’ll use the scholarship money if he receives it. He says that he’ll “invest into [him]self” and take this opportunity to work hard, even if it means he has to suffer financially for a few years, in order to achieve what he needs to achieve to ensure future financial success for both himself and his family.

This shows him to be a hard worker, someone caring and empathetic enough to put family first, and intelligent and enterprising.

These are all great things colleges want from prospective students, and he showcases these traits in himself without being overt or in-your-face about it.

Sample Essay 5

“To be able to hold onto your money you have to know how to manage it. Money management is a complicated process. As teenagers, we often have no idea how to manage money and we end up wasting a lot of it. But in a bad economy, most of us have had a crash course in what happens when you don’t manage your money properly. We have had to delve into a world foreign and unfamiliar to us and solve our own money problems. The most successful of us have managed to still have some semblance of a social life without going over our small budgets. The keys to doing this successfully are actually quite simple.”

The prompt for this particular essay was about managing money. In terms of staying on topic and having a good opening sentence, this writer did a really nice job.

The writer also makes the article very relatable because being a teenager and not knowing how to manage money is something most of us can remember quite easily.

In addition to being relatable, the first paragraph also holds our interest because it is easily read, not packed full of synonyms from the thesaurus, or written loftily.

The writer also does a great job with his “thesis” sentence. The last sentence of the paragraph is simple and straight to the point.

It lets us know what’s coming next; he’s about to list the keys to managing money successfully. This is a very well-organized introductory paragraph.

Where the writer falls short, though, is with his grammar. There are obvious run-on sentences and missing commas in that first paragraph. He also starts a sentence with a conjunction, which isn’t great as a general rule. The bad grammar and poor editing/proofreading take away from his entire paragraph, which otherwise would have been really good.

We’ve said it once, and we’re saying it again: Don’t skip the proofreading/editing stage ( fyi , we have great packages here to help with this ). If that isn’t something you’re good at doing, ask a teacher, mentor, friend, or loved one.

Grammar is important. You can have the best idea in the world, and bad grammar will keep people from hearing it because they’ll be too distracted by the errors.

When proofreading or editing for grammar, here are the most common questions to ask yourself:

  • Did you write in complete sentences? (No fragments, run-ons, or comma splices)
  • Did you run the paper through spellcheck and grammar check?
  • Is all of your punctuation correct?
  • Is it clear to whom or what your pronouns are referring?
  • Are there any  misplaced or dangling modifiers  in your essay?
  • Did you write in an  active voice ?
  • Are you being repetitive?
  • Did you use the right word between  commonly confused words ?
  • Did you use proper subject/verb and noun/pronoun agreement throughout?
  • Does your essay make logical, organized sense?

Before submitting your essay, edit through it using these questions as a guide.

Summing It All Up

The importance of writing a great, moving, and memorable scholarship personal statement cannot be overstated. Scholarship applications are uniform for all students.

Scholarship committee members are forced to read through the same types of information for all the students who apply. The one place you’re able to stand out and be creative is in your personal essay. That’s why it’s so important that you make it count.

A strong personal scholarship essay can be the tipping point between no money and lots and lots of money, so plan for it. Make time to do it right and edit it properly.

Consider it the most important part of your application process, and set aside the appropriate amount of time for drafting it, writing it, and editing it before the submission due date.

Finally, never be afraid to ask for help. Whether it’s an educator, parent, spouse, or friend, there is someone out there who wants to see you succeed. That person will be happy to help you craft the best possible scholarship personal statement.

How long should a scholarship essay be?

A scholarship essay should typically be between 500 to 1000 words. However, always adhere to any specific word limits set by the scholarship. If no limit is specified, aim for a concise essay within this range.

Focus on clear expression of ideas and experiences, and ensure to proofread for clarity and coherence. It’s more about quality than quantity.

Further Reading:

The Best GMAT Prep Courses, According to MBA Students

Best MCAT Prep Courses, According to Med Students

Best NCLEX Prep Courses, According to Nurses

Accredited ABSN programs in North Carolina

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  1. CFA Scholarship Guide

    How To Write A Personal Statement For The CFA Access Scholarship. Writing a personal statement for the CFA Access Scholarship is an important part of developing your application because awards may be granted based on a combination of factors. The factors to emphasize in your personal statement should be: Financial need

  2. PDF Cfa Personal Statement for Scholarship Sample

    Not only will the CFA help me with my career, but also to help me grow as a person, learning self-discipline and guidance. The CFA will also help me keep on track with my future profession, and will keep concepts and ideas fresh in my mind and will make them easier to recall and use when needed. Thank you for taking the time to review my ...

  3. How to Write Your CFA® Scholarship Essay?

    In your conclusion, summarize the key points from your essay and reiterate why you're the best candidate for the scholarship. End with a solid call to action, encouraging the scholarship committee to consider your application and supporting your pursuit of a CFA charter. Your conclusion should also include a statement of gratitude, thanking ...

  4. How to Write a Good Personal Statement for a Scholarship ( 7 PDF Sample

    Step Eight (8): Proofread, edit and hit "submit". Look specifically for spelling and grammar errors. For example, say you are writing a fulbright personal statement example. Find a friend who has a strong command of the written word and can completely address the people alongside the content.

  5. Mastering The CFA Access Scholarship Personal Statement: A

    This is where the CFA Access Scholarship comes into play, offering a pathway for those who have the intellectual capability but may lack the financial means to pursue this esteemed qualification. In this comprehensive guide, we'll delve into the nuances of crafting a compelling personal statement for the CFA Access Scholarship application.

  6. How to Write a Personal Statement for a Scholarship + Examples

    That said, it is of the utmost importance that you find a focus. First, think about both your goals and your values. Types of goals include: Career goals. Goals for personal growth. The type of friend you want to be. The change you want to make in the world. Values could include: Authenticity.

  7. How I won a scholarship from the CFA Institute

    The application form required that I fill in my personal information, a personal statement, references and my personal financial statement. I submitted the application and about three months later, I received an email notifying me of my success! Please see below my personal statement and personal financial statement used for the entry submission.

  8. CFA Scholarship Guide

    If you're wondering how to write an essay for the CFA Scholarship, this session is for you! We will cover everything you need to know to apply, including an ...

  9. CFA Scholarships: How To Successfully Get Them

    Save your personal statement on your own platform: For applications that require a personal statement (e.g. Access and Women scholarships), we recommend typing up your 3,500 characters max personal statement on a word processor for grammar and spelling check, but more importantly to have a backup that you can easily copy over into your ...

  10. CFA Scholarship 2024

    If you're wondering how to write an essay for the CFA Scholarship, this session is for you! We will cover everything you need to know to apply, including an ...

  11. Cfa Scholarship Personal Statement Sample

    cfa-scholarship-personal-statement-sample - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The applicant believes they are an excellent candidate for the CFA scholarship. They plan to complete their finance and accounting classes and take an Advanced Financial Analysis course to prepare for the CFA exams. Their goal is to become a financial analyst and eventually ...

  12. How to write a winning CFA Access Scholarship Essay

    Written by Rokeebat Hammed. I write about productive systems, effective study methods, postgraduate study and scholarship applications, and share my international study experiences 👩‍🎓 ...

  13. Personal Statement for Scholarship: How to Write and Examples

    Examples of personal statement for scholarship. Personal statement for scholarship: Example #1. Personal statement for scholarship: Example #2. A substantial part of the applications are personal statement for scholarship. Writing a stunning personal statement is vital if you're hoping to win a scholarship. The personal statement is your ...

  14. Access Scholarship

    CFA Level II. hamza April 22, 2020, 10:30am #1. Hi There, I am planning to appear for level 2 in June 2021. I intend to apply for access scholarship. In this regards someone can please recommend me suggestions in the following areas: Personal Statement: What points Should be covered in personal statement and what points should be avoided ?

  15. Financial Aid and Scholarships

    Start on your personal statement early. Give yourself time to think about your topics, and carefully consider the rationale behind each question. Be clear. Be focused. Be organized. Make sure your personal statement follows a logical structure. Try to think about how it may sound to an audience who doesn't know you.

  16. CFA Scholarship [Access, Women, etc.], Essay, Results, Application and more

    Complete the Application Form:Fill out the application form with all the required information. This typically includes personal details, academic and professional background, a statement of financial need or an essay (depending on the scholarship), and any other information specific to the scholarship.

  17. The Killer Scholarship Personal Statement Guide: w/Examples

    It should tell who you are, where you came from, what your dreams, goals, and aspirations are, and more. It should focus on your strengths and tell scholarship committees why you deserve their money. Sometimes, personal statements can be written in response to an open-ended question, such as, " Tell us about yourself.

  18. Women's Scholarship

    The scholarship application window is now open and will close at midnight ET on 5 February 2024. Once your application has been processed, you will be notified of a decision by email. You can expect a decision no later than 29 March 2024.

  19. CFA Scholarship Letter Sample

    CFA Scholarship letter sample - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The document is a request by an individual for a CFA Access scholarship. It details their career objective to become an investment/financial adviser and background working as a financial analyst since 2016. It explains how obtaining a CFA charter would help broaden their scope to provide ...

  20. Question: Finance Q: How To Write A Personal Statement For The CFA

    Writing a personal statement for the CFA Access Scholarship is essential for completing your application because scholarships are awarded based on a variety of factors.Try to cover the following points in your statem …View the full answer

  21. CFA Scholarship Personal Statement

    medium.com-CFA Scholarship Personal statement - Free download as PDF File (.pdf), Text File (.txt) or read online for free. CFA letter copy

  22. Question: Finance Q: How To Write A Personal Statement For The CFA

    Finance Q: How To Write A Personal Statement For The CFA Access Scholarship? Here's the best way to solve it. Solutions are written by subject matter experts or AI models, including those trained on Chegg's content and quality-checked by experts.

  23. Guide to Crafting a Persuasive CFA Scholarship Personal Statement

    CFA Access scholarship as well as Women scholarship require you to write a personal statement as a part of the application process. This is the most crucial part which can be the deciding factor for your selection. A well-written personal statement can immensely increase the probability of you getting the scholarship awarded.