Paying for the CFA Exam from India: A Comprehensive Guide


Welcome to our comprehensive guide on how to pay for CFA from India. Pursuing the Chartered Financial Analyst (CFA) certification can be a significant step towards advancing your finance career. In this blog, we will walk you through the process of financing your CFA journey, highlighting various funding options and providing essential tips for cost optimization. Let’s dive in!

How to Pay for CFA from India

Understanding the CFA Exam

Before delving into how to pay for CFA from India, it’s crucial to understand the CFA exam. The CFA program consists of three levels, each requiring rigorous preparation as well as dedication. Moreover, the CFA charter holds immense value in the finance industry, opening doors to career advancement and global recognition.

Assessing the Financial Commitment

To start your CFA journey, it’s certainly essential to assess the financial commitment involved. The costs include registration fees for each exam level, study materials as well as additional resources. Therefore, budgeting and planning ahead will ensure you can pay for your CFA from India without financial strain.

Fees For CFA

FeeUSDINR (@ $1 = Rs 82.91 )
One Time Enrolment Fee$ 350Rs 29,018 (approx.)
Early Registration Fee$ 900Rs 74,619
Standard Registration Fee$ 1200Rs 99,492
Rescheduling Fee$ 250Rs 20,727 (approx.)

Please Note that all fees must be paid in US dollars. 

Payment Methods

When it comes to paying for the CFA exam from India, you must familiarize yourself with the accepted payment methods. Additionally, explore online payment options, considering their pros and cons. Overcome challenges related to international payments by choosing secure and reliable methods.

The various payment methods accepted by the CFA Institute are:

1.      Credit cards:

  1. American Express
  2. Diners Club
  3. Discover
  4. JCB
  5. MasterCard
  6. UnionPay
  7. Visa

2.      Alipay

3.      Offline payments with an Invoice (available up to 40 days before the close of registration)

  1. Personal, corporate, or bank checks (i.e., certified checks, cashier’s checks)
  2. Money or postal orders
  3. ACH or wire transfer

But wait! In addition to the existing payment options, the CFA Institute has introduced an EMI option for Indian Students.

4.      EMI       

Yes, that’s correct, CFA aspirants in India now have the option to pay for their CFA exam through EMI under the “Offline payments with an Invoice” option.

Eligibility Criteria:

In addition to being a CFA Program candidate registering using the “Pay by Invoice” option, borrowers must be: 
• An Indian citizen currently residing in India  
• Between 21 and 65 years old 
• A salaried employee of a private limited company or a public sector undertaking or self-employed with minimum turnover.


The EMI tenure can vary from 6 – 24 months.


The EMI option is available for all three levels of the CFA Programme. However, the following courses and expenses are not covered by this initiative:
• Other credentials and certificate programs from CFA Institute  
• Course fees for scholarship candidates  
• Deferral and rescheduling fees  

Funding Options for CFA Exam

Personal Savings to Pay for CFA from India

Utilizing your personal savings is a viable option for paying for the CFA exam from India. Moreover, by creating an effective saving strategy, you can accumulate the necessary funds.

Employer Sponsorship to Pay for CFA from India

Firstly, explore the possibility of employer sponsorship to pay for CFA from India. Moreover, articulate the benefits the CFA charter can bring to your role and the company, making a compelling case for sponsorship.

Points you can highlight for Employer Sponsorship to pay for CFA from India:

1.      Enhanced Knowledge and Skills

The CFA program is highly regarded globally for its comprehensive curriculum, covering essential areas of finance, investment analysis as well as portfolio management. Therefore, by sponsoring your CFA exam, your employer is investing in your professional development, allowing you to acquire advanced knowledge and skills that can directly benefit the organization.

2.      Increased Expertise

The CFA charter certainly demonstrates high expertise in investment analysis and decision-making. By earning the charter, you’ll gain a deeper understanding of financial markets, risk management, and ethical practices, hence enabling you to contribute more effectively in your current role and potentially take on additional responsibilities.

3.      Global Recognition

The CFA charter is globally recognized and respected within the finance industry. By sponsoring your CFA exam, your employer is supporting your pursuit of a prestigious designation that enhances your professional credibility and opens doors to new opportunities, both domestically and internationally.

4.      Improved Client Relations

With the knowledge gained from the CFA program, you’ll be better equipped to understand and address clients’ investment needs. As a result, this can lead to enhanced client satisfaction, improved communication, and increased confidence in your organization’s financial expertise, ultimately strengthening client relationships and potentially attracting new clients.

5.      Competitive Advantage

In today’s competitive job market, having the CFA designation sets you apart from other professionals. By sponsoring your CFA exam, your employer is not only investing in your long-term growth and development but also equipping you with a valuable asset that can give the organization a competitive edge in attracting and retaining top talent.

6.      Commitment to Professional Standards

The CFA program emphasizes a strong commitment to ethics and professional standards. By sponsoring your CFA exam, your employer demonstrates its dedication to upholding the highest ethical practices and standards within the finance industry, further enhancing the organization’s reputation and integrity.

7.      Return on Investment (ROI)

Highlight the potential return on investment for your employer. Discuss how the knowledge and skills gained from the CFA program can lead to improved financial analysis, more accurate investment decisions in addition to potentially higher returns for the organization’s portfolios or clients.

8.      Career Advancement

The CFA charter is often considered a prerequisite or advantage for senior roles in finance. By sponsoring your CFA exam, your employer is not only investing in your long-term career growth but also preparing you for future leadership positions within the organization, and reducing the need for external hires. This point can help greatly for employer sponsorship to pay for CFA from India.

9.      Networking Opportunities

The CFA program provides ample networking opportunities through local CFA societies and global events. Mention how attending these events as a CFA candidate can help expand your professional network, leading to potential collaborations, and partnerships as well as access to industry insights that can benefit the organization.

10.   Demonstration of Commitment

Pursuing the CFA charter requires significant dedication, commitment as well as self-discipline. By seeking employer sponsorship, you demonstrate your commitment to personal and professional growth in addition to showcasing your drive to excel within the organization and contribute to its success.

Above all, remember to tailor your pitch to your specific employer, highlighting the points that align with their goals, values, and strategic objectives. Emphasize the mutual benefits and the positive impact your CFA journey can have on both your professional growth and the organization as a whole.

Educational Loans to Pay for CFA from India

Firstly, you must research and compare educational loan options available in India to pay for your CFA. Moreover, understand the terms, interest rates, and repayment plans to make an informed decision.

Scholarships and Grants to Pay for CFA from India

Look for scholarships and grants specifically designed for CFA candidates in India to help them pay for the certification. Moreover, be aware of the eligibility criteria and application process to increase your chances of success.

The following are some Scholarships offered by the CFA Institute:

ScholarshipWho is it forDiscount
Access ScholarshipFor individuals who may not be able to afford the program fees. Applicants must meet all CFA Program enrollment requirements.Exam registration reduced to USD 250
Women’s ScholarshipFor women who are interested in earning the CFA charter, do not qualify for other CFA Institute scholarships, and have not yet registered for their next exam.Exam registration reduced to USD 350
Student ScholarshipFor students currently attending an affiliated university and have not yet registered for their next exam.Exam registration reduced to USD 350
Professor ScholarshipFor full-time college/university professors or administrators/department heads who teach a minimum number of credit hours at qualified institutions and have not yet registered for their next exam.Exam registration reduced to USD 350
Regulator ScholarshipFor employees of financial regulators, central banks, securities commissions, qualifying stock exchanges, SROs and/or government entities. Specifically, those entities that oversee or regulate operations, standards of practice or business conduct of the investment management industry and which have entered into a program agreement with CFA Institute.Exam registration reduced to USD 350

How to Pay for CFA from India: Tips for Cost Optimization

Maximize Study Materials

Make the most of study materials as well as resources by understanding their value and focusing on the ones most relevant to your learning style.

Cost-Effective Alternatives

Explore free or low-cost alternatives for study materials, such as open-source textbooks and online educational platforms.

Study Groups and Communities

Join study groups or online communities to share resources, study tips, and guidance, reducing individual costs while benefiting from collective knowledge.

Paying for CFA from India: Other Considerations:

Beyond the CFA exam, consider additional expenses such as CFA Society memberships and continuing education requirements. Be aware of renewal fees as well as maintenance obligations to ensure the longevity of your CFA charter.


In conclusion, obtaining the CFA charter from India can be a significant milestone in your finance career. Additionally, by carefully considering funding options, planning your finances, and optimizing costs, you can make the CFA journey more accessible and rewarding. Especially now that CFA Institute has introduced an EMI payment option for Indian students which makes planning and budgeting much easier for the certification. Above all, remember that the value of the CFA charter extends beyond the exam itself, offering endless possibilities for professional growth and recognition. Therefore, start planning today and embark on your path to CFA success!