CFA Institute University Affiliation Program 

At Babson College, the Bachelor of Science in Finance and the Master of Science in Finance programs have been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Practice within the program. These programs position students well to obtain the Chartered Financial Analyst® designation, which has become the most respected and recognized investment credential in the world.

Entry into the CFA Institute University Affiliation Program signals to potential students, employers, and the marketplace the Babson College curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the CFA examinations. Through participation in this program, Babson College is eligible to receive a limited number of student scholarships for the CFA Program each year, including:

  • 23 annual scholarships
  • Access to the CFA curriculum (Levels I, II, and III)
  • Practice exams (Levels I, II, and III)

CFA Exams Update for 2021 

Along with Level I, the Level II and Level III CFA exams will shift from paper-based to computer-based testing starting in 2021. This change allows us to provide smaller group sizes, better social distancing, easier scheduling with more locations, and less uncertainty about planning for our candidates.

The Level I computer-based exam will be offered four times per year. The Level II and Level III computer-based exam will be offered two times per year.

Exam Schedule for 2021

  • Level I: February, May, August, and November
  • Level II: May and August
  • Level III: May and November

Important Dates

Exam Suggested Award DecisionRegistration Deadline
February 2021      before November 13, 2020      December 7, 2020
May 2021      before January 31, 2021      February 23, 2021
August 2021      before April 9, 2021      May 4, 2021
November 2021      before July 16, 2021      August 10, 2021


To learn more »

Scholarship Application

CFA Program Awareness Scholarships are available for qualified students and faculty. The scholarship waives the one-time enrollment fee ($450) and reduces the exam costs ($650–$1,380) to $350. 


Applicants must be current students at the time they submit their application. It is important to note that the scholarship recipient is not obligated to sit for a specific offering. Students can register and sit for any exam that is open for registration within one year from the date their award decision is made. Scholarships for the 2021 exams will be available starting September 1.   

Application Process

Complete the Scholarship Application on the CFA websiteIn the ‘Attachments’ section of your scholarship application, please attach the following:

  1. CV/Resume
  2. Academic Transcript – an unofficial transcript will suffice
  3. Babson CFA Scholarship Essay 

  To learn more »

Accessing Materials

The e-book curriculum for all three levels of the CFA Program is available in the Cutler Center (at the designated terminals). Please see the staff member on duty for more details.

Practice Exams

Practice exams for the Level I and Level II exams are administered annually in May for candidates preparing for the June exam. The practice exams cover the learning outcome statements (LOS) from the curriculum and use the same format as the actual exam.

For additional information on applying for an exam scholarship, please contact Patrick Gregory, CFA, managing director of the Stephen D. Cutler Center for Investments and Finance.


FEI Boston Events  

Each month during the academic year, the Cutler Center partners with FEI Boston to bring their Professional Development Sessions to campus. These events draw an estimated 30-40 senior finance executives to campus and provide Babson students, faculty, and staff with an opportunity to connect with corporate finance practitioners. 


Bloomberg Experiential Learning Partner 

Babson College is a Bloomberg Experiential Learning Partner (ELP), which was developed to recognize academic institutions that integrate Bloomberg into their undergraduate and graduate curricula. The Cutler Center is equipped with 18 Bloomberg terminals that provide students and faculty with access to the data and analytical tools used by investment professionals. Students also have the opportunity to improve their skillset and marketability through the Bloomberg Market Concepts Certification, which is an eight-hour self-directed program covering Equities, Fixed Income, and Currencies. 





The Loomis Sayles Undergraduate Women's Investment Network (UWIN)

The mission of the Loomis Sayles Undergraduate Women’s Investment Network (UWIN) is to inspire, develop and recruit undergraduate women for investment management careers through mentorship and internship opportunities. The mentorship program matches undergraduate women with a Loomis Sayles mentor to help connect the educational experience to a potential career in investment management by sharing knowledge, experience and career advice. In the paid internship program, women experience two investment or client-facing functions in 10-week rotations during the school year. The program is designed for female undergraduates in their sophomore and junior years who have an interest in business, finance, accounting, mathematics, economics or investments. The UWIN program is helping to seedthe pipeline of diverse talent into the investment management industry.