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CFA Scholarship: Personal statement

Updated: Sep 8

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.



Key deciding factors

The CFA Institute/society shall diligently assess your personal statement to determine your eligibility for the scholarship on the basis of a number of factors.

While financial need will be strongly considered, awards may be based on a combination of factors, including:

  • financial need;

  • the academic, professional or other accomplishments of the candidate;

  • obstacles overcome by the candidate;

  • contributions to the local community;

  • the candidate’s interest in pursuing the CFA charter;

  • and other personal characteristics

All these factors shall indicate that the individual is a strong candidate to receive the scholarship and become a CFA charter holder. Do mention all the achievements that make you appear a deserving candidate for the CFA scholarship.


How to write the Personal Statement

I am sharing below a draft essay that can be used by you as a skeleton to script your own personal statement. An attempt to include all the key deciding factor discussed above have been sincerely made.



CFA Scholarship Personal Statement - Outline


Dear Sir/Madam,


Greetings for the day.


I am -------------------, a Graduate in Commerce from ------------- University residing at -----------------------. Currently, I am working as an intern under a financial advisory firm dealing with greenfield project finance, working capital finance, loan restructuring schemes and work of similar nature.

The reason why I am applying for this scholarship is the inadequate flow of income in the initial stage of my career. I live and work away from home taking care of my basic needs by myself. Besides, I contribute marginally to provide financial support to my family. You may appreciate the fact that I have self-financed my education since high school till post-graduation without troubling my family and so is what I intend to do now. This scholarship shall significantly assist me in meeting the fund requirement for pursuing the CFA program which, otherwise, would be highly taxing on me to arrange the full course fee all by myself.


I have always been a sincere student throughout my school and college years. I have secured ------ Rank in ----------------- exams with the highest marks in ---------------. Also, I have won a few accolades for chess and badminton.


I am a part of an initiative in my local community named ‘---------’ providing education to children. Notably, we have helped the son of a widow to complete his high school by financing his school fee and imparting free education.


I feel the CFA curriculum will imbibe me with the right skill set required to advance in my financial career. I shall devote the required study hours as recommended by the CFA Institute. The coveted certification shall provide me with a broad range of financial knowledge and high ethical standards which holds great value in the eyes of employers. Going through the rigorous CFA curriculum, I shall not only learn finance but also hard work and perseverance.


I believe I am an excellent candidate for the CFA scholarship and based on my educational background and knowledge, I am positive that I will do justice to the scholarship if awarded to me.


I also clarify that the annual income mentioned in my application is my total family income.


Thank you for taking the time to review my application. I am looking forward to hearing a positive response in this regard.


Regards,

Your Name

Email:


Final advice

The essay has been carefully drafted keeping in mind all the key factors. You can use it to save a lot of time and effort. It also complies with the additional information as required by the CFA Society.


Just make the necessary changes applicable to you such as your Name, University etc. and you are good to submit in no time.


In the end, if this post was of any help to you, do share with others in need of it.


Should you have any queries, feel free to leave a comment.


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