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
|Exam ||Suggested Award Decision||Registration Deadline|
|| before November 13, 2020
|| December 7, 2020
|| before January 31, 2021
|| February 23, 2021
|| before April 9, 2021
|| May 4, 2021
|| before July 16, 2021
|| August 10, 2021
To learn more »
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.
Complete the Scholarship Application on the CFA website. In the ‘Attachments’ section of your scholarship application, please attach the following:
- Academic Transcript – an unofficial transcript will suffice
- Babson CFA Scholarship Essay
To learn more »
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 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.