CFA Scholarship Program

The M.D. Sass Investment Institute CFA Scholarship is designed specifically to help more Brooklyn College students succeed in careers in the finance industry by providing financial assistance to motivated students to prepare and take the Level I Exam for Chartered Financial Analyst (CFA).

Graduates from the finance major offered by the Koppelman School of Business have the essential knowledge that is necessary for this exam. However, historical evidence suggests that comprehensive and expert-guided exam preparations can significantly boost the confidence of the candidates and improve the overall passing rate.

Coverage

To better prepare students for the CFA Level I Exam, relieve the financial burden on students, and increase their confidence and passing rates, the M.D. Sass Investment Institute CFA Scholarship will cover for qualified candidates:

  • The Kaplan CFA Level I Exam Prep and Study Material ($699 for Essential or $999 for Premium packages, whichever option is desired by participating students)
  • The one-time CFA Level I Exam Registration Fee ($450)
  • The CFA Level I Exam Fee ($250 if registered early; the fee is reimbursed after the candidate receives the notification of passing the exam)

Eligibility

To be eligible for the M.D. Sass Investment Institute CFA Scholarship, a candidate must meet all of the following criteria at the time of application:

  • Senior status with a major in finance in the Koppelman School of Business
  • Completed or enrolled in Fixed Income Securities (FINC3380),  Portfolio Management (FINC 5310), and Security Analysis (FINC 5330)
  • A Brooklyn College GPA of 3.30 or better.

Application

The M.D. Sass Investment Institute CFA Scholarship will be awarded to five qualified applicants in each fall and spring semester, for a total of 10 scholarships annually.

The deadline for application is May 1 (spring) and December 1 (fall). The applicant must submit the following documents in the application package:

  • A cover letter describing that he or she wants to be considered for the scholarship
  • A signed statement that the candidate is committed to 1) completing the Kaplan CFA Level 1 Exam Prep, 2) studying the required approximately 300 hours need to pass the exam; and 3) retaking the exam if failed at the first attempt.
  • A complete transcript from Brooklyn College.
  • A letter of recommendation directly from a finance professor at Brooklyn College. When you submit, provide the name of the professor.

Submit the package to Phillipa Ellis via e-mail.

Selection and Award

The M.D. Sass Investment Institute staff and advisers will review, evaluate, and award the scholarships to the most qualified candidates based on their best professional judgment of the applicants’ likelihood for success in the CFA exams. The winners will be announced within two weeks of the deadline each semester.

Budget

The funding required for this scholarship is estimated at approximately $16,990 (10 x ($999 + $450 + $250)) annually. With an additional $3,000 budgeted for a paid student assistant to manage the applications and paperwork if needed, the total funding requirement is $19,990 annually.

Implementation

The M.D. Sass Investment Institute and the Brooklyn College Foundation are the managing partners of this scholarship program, with the support of the Koppelman School of Business.

Brooklyn. All in.

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