As part of the CFA Access Scholarship application, candidates are required to submit two essays, each with a maximum of 250 words. The essay prompts are:
- What prompted you to apply for this scholarship?
- How will receiving this scholarship make a difference in your pursuit of the CFA charter?
These essays are crucial in demonstrating your financial need, commitment to the CFA Program, and how the scholarship will impact your professional journey.
Here is a recommended Structure and sample essay for both. This is only a template and you will need to personalize based on your situation.
Essay 1: What prompted you to apply for this scholarship?
Introduction (Approx. 50 words):
Begin by introducing yourself, highlighting your academic background and current professional status. Mention your interest in the CFA Program and how it aligns with your career aspirations.
Body (Approx. 150 words):
Discuss the specific reasons that led you to apply for the scholarship. This could include financial constraints, a desire to advance in the finance industry, or a commitment to ethical standards in investment management. Highlight any relevant experiences, such as internships, projects, or coursework, that have prepared you for the CFA Program.
Conclusion (Approx. 50 words):
Summarize how the scholarship will help you overcome financial barriers and enable you to pursue the CFA charter, ultimately contributing to your professional growth and the finance community.
Sample Essay 1: What prompted you to apply for this scholarship?
As a commerce graduate and the sole breadwinner in my family, pursuing the CFA charter has always been my aspiration, but financial constraints have made it challenging. Supporting my ailing mother while working full-time and studying for professional exams has pushed me to find ways to manage both responsibilities and goals effectively.
The CFA Program represents the gold standard in investment management, and I am committed to upholding its values of integrity, competence, and professionalism. With limited financial resources and no corporate sponsorship, the cost of registration and materials is a significant hurdle. Despite these challenges, I have remained committed to learning—self-studying with free resources and managing my time between work and education.
I applied for this scholarship because it represents more than just financial relief—it is a recognition of potential. With this support, I hope to advance toward a career in portfolio management and give back by mentoring others from underprivileged backgrounds.
Essay 2 Structure : How will receiving this scholarship make a difference in your pursuit of the CFA charter?
Introduction (Approx. 50 words):
State your commitment to obtaining the CFA charter and how it is integral to your career goals in the finance industry.
Body (Approx. 150 words):
Explain how the scholarship will alleviate financial burdens, allowing you to focus on rigorous study and preparation for the CFA exams. Discuss how the support will enable you to access study materials, attend preparatory courses, or allocate more time to study by reducing work hours. Highlight your dedication to the CFA Program’s values and how the scholarship will facilitate your journey.
Conclusion (Approx. 50 words):
Reiterate your gratitude for the opportunity and express how the scholarship will not only aid in your personal advancement but also position you to contribute meaningfully to the financial sector, upholding the high standards of the CFA Institute.
Sample Essay 2: How will receiving this scholarship make a difference in your pursuit of the CFA charter?
Receiving the CFA Access Scholarship will ease the financial pressure that currently limits my ability to register for the exam and access high-quality preparation materials. The funds I currently allocate toward family responsibilities and daily living expenses leave little room for professional advancement, despite my strong desire to learn.
With this scholarship, I will be able to register for the exam, purchase essential study materials, and dedicate focused time toward preparation without compromising my family’s well-being. It will allow me to shift from fragmented study sessions to a structured and disciplined plan, ultimately improving my chances of success.
This opportunity is not just about passing an exam—it is about transforming my career trajectory. With the CFA charter, I aspire to work in investment advisory and asset management, helping clients make informed financial decisions. This scholarship is the bridge that connects my hard work and ambition to that future.