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Five W&L Seniors Receive CFA Exam Scholarships

CFA-Exam-Scholarships-600x400 Five W&L Seniors Receive CFA Exam ScholarshipsLeft to right: Andrew Gavlin, Spencer Borwick, Maggie Ma and Michael Steedman (not pictured: Alden Schade)

Five seniors, Michael Steedman, Spencer Borwick, Alden Schade, Maggie Ma and Andrew Gavlin, 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 each 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 credential gives students a distinct advantage on the job market. This year more than 172,000 candidates sat for the CFA exams, which comprise three levels. Students must pass all three levels to become a CFA. Approximately one in eight people who start the program will become a chartered financial analyst.