The Columns

Five Seniors Receive CFA Exam Scholarships

— by on December 8th, 2015

Five seniors, Andrew Head, Payson Miller, Jerry Qiu, Michael Stovall and Xiaoxiang Yang, have received scholarships to study for level one of the exam to become a chartered financial analyst (CFA).

As a university recognized by the CFA Institute, Washington and Lee can offer up to five scholarships a year to reduce the exam price for students from $1,400 to $350. Additionally, the CFA Institute will send scholarship recipients books on six topics, including finance, accounting and ethics.

A highly sought after designation, a CFA charter gives students a distinct advantage on the job market. Annually, 150,000 people worldwide sit for the CFA exams, which comprise three levels. Students may retake a failed exam, but must pass all three levels to become a CFA. Approximately one in eight people who start the program will become a chartered financial analyst.