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Note to Candidates
You may apply for Affiliate membership to CFA Institute and CFA Chicago if you are a Candidate and/or you do NOT intend to become a Chartered Financial Analyst (CFA).
Requirements |
Charterholder |
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Affiliate |
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| Provide one CFA Chicago Charterholder Sponsor AND one Supervisor Sponsor* |
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| Sign and submit the Member's Agreement and the Professional Conduct Statement. |
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| Adhere to the Code of Ethics and Standards of Professional Conduct |
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| Complete any additional application procedures or requirements established by CFA Institute |
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| Passed Level I of the CFA Exam - OR - Passed the CFA Institute Self-Administered Standards of Professional Practice Examination |
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| Passed Levels I, II and III of the CFA Exam |
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| Hold a bachelor's degree from an accredited institution - OR - have equivalent education and work experience |
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| Four years of acceptable work experience as defined by CFA Institute** |
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| Have met the requirements to be awarded and to maintain the use of the CFA Charter |
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| Adhere to any new standards that may be required of Chartered members |
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* The supervisor sponsor requirement is waived if the applicant is the principal of the firm, a student, retired, self-employed, unemployed, or if providing a supervisor sponsor places the applicant in a difficult professional position. In these cases, applicants must provide another sponsor who is a Regular Member of CFA Chicago (i.e., a total of 2 CFA Chicago member sponsors). Students only need one (1) sponsor -- a Professor OR a CFA Charterholder. Note: In order to waive the supervisor sponsor requirement, you must e-mail CFA Institute at cmservices@cfainstitute.org explaining why you are not submitting a supervisor sponsor.
** For a detailed description and definition of these requirements, please visit http://www.cfainstitute.org/cfaprog/requirements/workexperience.html.
Note to ALL Applicants regarding Work Experience Section in Membership Application:
Affiliate Members: While work experience is not required, you must still provide some information in this section regarding your current status (i.e., a sentence explaining whether you are a student, currently unemployed, etc.) in order to avoid any delays in processing your application.
Regular Members: You must provide a detailed work experience narrative.
The self-administered Ethics Examination for members and non-members tests ethical awareness. This online examination consists of 25 multiple-choice questions based on information contained in the 9th Edition of the Standards of Practice Handbook (PDF).
Who Should Take the Exam?
For more information regarding the Self-Administered Standards of Practice (Ethics) Exam, please click here.
Note: you must contact CFA Institute at 1-800-247-8132 to request this exam.