CFA Institute Rolls Out CFA Program Enhancements to Support Future Investment Professionals

Global designation evolves to shape today’s investment profession and the professionals who operate within it

Charlottesville, Virginia 20 March, 2023: CFA Institute, the global association of investment professionals, announces significant enhancements to the CFA Program as part of its continual efforts to evolve the Program. These changes address the way today’s candidates learn and prepare them for successful careers as investment professionals, while also supplying the industry with the well-trained, ethical professionals it so requires.

Margaret Franklin, CFA, President and CEO, CFA Institute, commented:

“These enhancements represent an important milestone for our candidates and employers in the industry. In fact, they constitute the most significant changes we have ever made to the CFA Program since its inception in 1963. We conducted extensive research to get feedback directly from employers, candidates, prospective candidates, and the industry at large to inform how best to advance the knowledge and skills we provide to the investment professionals of the future.

“We can say with certainty that candidates are exceptionally keen to get an edge in the market for employment, and they are willing to work very hard for the advantage that the CFA Program provides. These changes will meet their needs by helping them to understand how to put investing concepts into practice on the job and be desk-ready on day one. The CFA Program signals clearly that candidates are serious about a long and successful career in investment management.”

The six changes are as follows:

1. Self-contained, digital practical skills modules will be introduced to the CFA Program to teach candidates on-the-job, practical applications. The initial practical skills modules include Financial Modelling for Level I; Analyst Skills at Level II; Python Programming Fundamentals (Level I or Level II) and Python, Data Science and Artificial Intelligence (Level II). Additional practical skills modules are in development for Level III for the calendar 2025 exam series. Beginning in 2024, at least one practical skills module must be completed for each of Levels I and II but will not be graded as part of the exam.

2. Specialized pathways will be introduced at Level III beginning in 2025. A common core of study will exist for all three pathways at Level III, and candidates will be able to choose one of three job-role focused pathways:

I. Portfolio Management (the traditional version of Level III)
II. Private Wealth
III. Private Markets

All three pathways will be equally rigorous and in pursuit of one credential: the CFA charter.

3. An improved digital badging strategy will reinforce the value of Level I and Level II achievements to candidates on their CFA Program journey. Candidate feedback suggests that a formal acknowledgement of completing Levels I and II would be beneficial in their search for internships and full-time positions as an indicator of the seriousness of their commitment to a career in the investment profession.

4. The volume of study materials will be reduced at each Level to ensure candidate preparation remains at around 300 hours for each exam. In our research, we found that today’s candidates are spending significantly more than 300 hours to study for each Level of the CFA Program. Best practices in instructional design are therefore being incorporated to ensure that the content is efficient, accessible, and relevant while maintaining the rigor and value-add of the CFA Program. Some introductory content that most candidates would have learned during undergraduate studies will remain available to registered candidates in the preparatory materials but will not be tested on the exams.

5. Additional practice materials: when registration opens for the February 2024 exams this May, Level I candidates will have the opportunity to purchase the CFA Program Practice Pack, a new product that includes 1000 new practice questions and six additional Level I mock exams. Candidates are currently granted access to two mock exams at no additional charge eight weeks before their exam window. Based on candidate surveys, it was determined that significant demand exists for more mock exams and practice questions from CFA Institute.

6. Level I CFA Exam eligibility has been extended by a year to those who are two years away from completing their undergraduate degree. This change was previously announced on 16 November, 2022.

Chris Wiese, CFA, Managing Director and Head of Credentialing, said:

“We spent years researching market needs while contemplating these changes. We spoke to candidates, students, employers, our members and societies, and others in the financial industry ecosystem. As the $10 trillion private markets continue to play a larger role in investment portfolios and as the $130 trillion[1] wealth management segment requires more highly trained professionals, we landed on adding these two new pathways at Level III in addition to the traditional portfolio management route. We also know that the new Financial Modeling, Python, and Analyst Skills modules will be valuable to candidates and employers alike and dovetail with existing curriculum content.”

For further information on the CFA Program, please visit, where you can also watch a video explainer from Marg Franklin, accompanied by more detailed on the six changes by Chris Wiese.

For further information please contact


About CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 190,000 CFA charterholders worldwide in more than 160 markets. CFA Institute has nine offices worldwide and 160 local societies. For more information, visit or follow us on Linkedin and Twitter at @CFAInstitute.

Blameless Announces New “Blameless Reliability Scholarship”” to Collegiate STEM Majors

Blameless Will Award Two $2,500 Scholarships to College Students Studying Computer Science and Engineering

San Mateo, Calif.– March 16, 2023 - Blameless, the incident management workflow solution for DevOps and SRE teams, today proudly announces the launch of their Blameless Reliability Scholarship. The brand-new scholarship program will award two scholarships worth $2,500 to current or prospective college students in computer science, engineering departments or other relevant science, technology, engineering, and mathematics (STEM) fields.

According to the Bureau of Labor Statistics, STEM occupations are projected to grow 10.8% between 2021-2031. This is compared to only 4.9% growth for all other careers. At the local collegiate level, 730,394 or 18.3% of college graduates earn degrees in STEM fields.

The Blameless Reliability Scholarship is the first step that Blameless is taking in investing in the future of STEM by aiding students in their pursuit of a science degree. The requirements to enter the scholarship program include:

• Be a resident of the United States and the District of Columbia;
• Be at least 17 years old at the time of application;
• Currently enrolled full time at an accredited 2 – 4-year technical/vocational college or university – to see if your school qualifies, go to;
• Or have applied to an accredited college or university and are in the last year of high school;
• Be majoring in a computer science, engineering or other relevant STEM field;
• Have at least one (1) full academic year remaining in their program.

To apply for one of the two Blameless scholarship awards, students will need the following:

• Legal name and birth date;
• Current GPA (via official or unofficial course transcript);
• Proof of enrollment or acceptance in a college or university (this document can usually be obtained from the university’s student portal);
• A 400 – 800-word essay on the topic of “How Resilience Empowers” attached as a document or a Google docs link (ensure the sharing settings are updated).

The deadline to apply for the scholarship is Tuesday, May 30th, 2023. Please provide all of the required information by sending an email to and find out more information at

“We believe that human beings are at the heart of reliable services. We’re so excited to help empower the next generation of resilient engineers to build services that people can trust.” – Emily Arnott, Community Manager at Blameless

Additional Resources:

What is Site Reliability Engineering?
The Blameless Blog
Blameless Reliability Scholarship for Computer Science


About Blameless

Blameless is an incident workflow solution that carries teams through a codified playbook from start to finish in one fluid motion. DevOps, SRE and on-call teams command, communicate, and complete incidents faster than ever before. Everyone learns through retrospectives and data-based insights. Leading brands such as Procore, Under Armour, Citrix, Mercari, Fox, and Home Depot, rely on Blameless to embrace a culture of continuous improvement, do more with less, and protect their customers.

Blameless is backed by Lightspeed Venture Partners, Accel, Third Point Ventures, and Decibel. For more information, please visit and LinkedIn or Twitter.

Media Contacts

Elena Lopez | Sebastian Moradi
Jmac PR for Blameless

A $255 Million Settlement has been reached with JUUL Labs, Inc. making money available for those who bought a JUUL Product before December 7, 2022. Litigation continues against Altria.

A class action lawsuit claims that Plaintiffs paid more for JUUL products than they otherwise would have paid if they had been given accurate information about JUUL products’ addictiveness and safety, and that JUUL products were unlawfully marketed to minors.

A $255 million settlement has been reached in the lawsuit with JUUL Labs, Inc. and related individuals and entities.

Altria (another defendant in the lawsuit) and related companies have not agreed to settle. The lawsuit will continue against them, and JUUL purchasers’ rights may be impacted by that ongoing litigation.

The group of people who JUUL Labs has agreed to pay is called the Settlement Class and it includes everyone who purchased JUUL products from retail stores or from JUUL directly online before December 7, 2022. Those who are in this group and want to get paid, must file a claim.

Millions of Emails and Mailed Notices are being sent to identified Class Members with information about the Settlement. Recipients can click a link in the email, or scan a QR code in the Mailed Notice, or return the postage pre-paid return postcard to file a claim. Those who do not receive an email or postcard about the Settlement can file a claim by visiting the website at or obtain a paper claim form by contacting the Settlement Administrator at 1-855-604-1734.

Payments will be based on how much each claimant spent on JUUL products compared to other Settlement Class members. How much each claimant will receive is unknown at this time because it depends on how many claims are submitted. More information about how payments will be calculated is available in the Plan of Allocation at

In addition to filing a claim, class members may object to the Settlement, or request exclusion from the Settlement Class or the ongoing litigation Class related to Altria and other non-settling defendants. Class members who do not exclude themselves may be bound by the Settlement and the Lawsuit which may impact their rights. Full details about Class Member rights and options, including the deadlines to exercise them, are available at A full list of the products included in the Settlement and the ongoing litigation, as well as other important documents, are also available at

Property Protection 101: How College Students Can Travel with Confidence During Spring Break

Right now, more than 20 million college students across the country are beginning to plan vacations, service trips, and visits home for spring break. As students consider the best ways to travel safely, they should consider taking the following steps to protect their health, property, and financial well-being.

Consider Protecting Your Trip

The COVID-19 pandemic showed us all how quickly external circumstances can change, whether due to weather, natural disasters, or epidemics. Depending on the cost of the trip or type of flight you’ve purchased, and the refund policy, families and students may want to consider buying additional insurance at the point of purchase.

Keep Track of Your Tech

Traveling with technology, such as phones, tablets, computers, headphones, wearables, and more is now the norm. But if a student has their property lost or stolen while they’re away, the cost and time needed to replace their belongings can add up quickly. To reduce the stress of losing all the information you have on your technology items you can make sure your devices are password protected, install location tracking apps, and enable 2-factor authentication when available.

Lock Your Door (and More)

Students who live on and off campus should be sure to secure their room or apartment, unplug their electronics and appliances, and lock their valuables in a lock box. Even if they are away or traveling, students are responsible for damages stemming from electrical fires, floods, or . Students should consider renters insurance, like the one offered by GradGuard below.

What to Know Before You Go

GradGuard’s Renters Insurance, which is specifically designed for college students, provides coverage for students’ belongings not only while on campus but also while they are traveling worldwide.

“The rising costs of living and a college education means students have to be smart about what they buy and how they can get the most for their money. Part of that is making sure they protect their investments and GradGuard’s Renters Insurance, like our tuition insurance, is one way to make sure they can graduate college with less stress and less debt,” said John Fees, co-founder and CEO of GradGuard.

To learn more about GradGuard’s Renters Insurance, which enables students and families to easily replace a bike, laptop, cell phone, or other items that are stolen or damaged due to a covered incident visit In addition, GradGuard’s industry-leading tuition insurance program is also a benefit that can be purchased. Visit our website to see the tuition insurance benefits available for your school.

About GradGuard

GradGuard is an authority on protecting students and families from the risks of college life. Trusted by a network of more than 400 participating colleges and universities, today GradGuard is the number one provider of tuition and renters insurance for college students. Since 2009, GradGuard has protected more than one million members at more than 1,200 unique institutions. For more information visit or follow GradGuard on Instagram, Twitter, LinkedIn, and Facebook.

For more Information:
Natalie Tarangioli is Building the Next Generation of STEM Leaders

In partnership with STEM activist and influencer Alexis Williams, DoSomething is equipping students to advocate for more equitable STEM education in their schools

NEW YORK, March 7, 2023, the national hub for youth-centered activism, invites students across the United States to join Make STEM 100%, a program designed to support exploration in the field and activate young people as advocates in closing STEM readiness and diversity gaps. The program, launched in partnership with 3M and the General Motors Foundation, helps demystify STEM opportunities available to students, highlights the importance of skills gained as a critical tool in a young change makers’ toolkit, and positions young leaders to advocate for more equitable STEM education and curriculum.

In a survey conducted in late 2022, DoSomething members ages 13-25, expressed interest in learning about career opportunities in STEM. Students indicated that their school and extracurricular activities did not prepare them for STEM careers and cited obstacles, such as lack of mentors and teachers with subject matter expertise, as well as a lack of confidence about pursuing STEM subjects.

“In the U.S., only 20 percent of high school graduates are prepared for college-level coursework in STEM. This woefully low statistic represents an equity gap and a direct concern for our membership and all young people,” said DoSomething CEO DeNora Getachew. “Yet STEM careers are projected to grow over 8 percent per year, faster than any other sector. Getting STEM readiness to one hundred percent is a critical pathway in creating equitable economic opportunity and mobility for all students and ensuring that they are equipped to forge a future in this growing and essential field.

DoSomething partnered with STEM activist, influencer, and NYU student Alexis Williams, for a ‘Two Truths and a Lie’ PSA that reveals these startling gaps through playing a STEM-themed version of the popular quiz game with students on the UCLA campus.

“As a black and latina queer programmer, I’m passionate about further exploring the intersection of social activism and tech,” said Williams. “Speaking with students and illuminating the current diversity gaps that still exist in STEM was a clear reminder that now is the time to act. Robust and equitable STEM education is key to building a future that serves us all!”

The PSA calls on students to take civic action and advocate for more equitable STEM offerings in their school to increase the number of students with access to STEM courses and skills. To learn more about the facts and how to be an advocate for change, you can view the PSA here.

DoSomething also convened a group of experts and young leaders in STEM for a virtual event to discuss STEM equity and representation; how young people can create their own STEM roadmap in the field; and provide concrete ways for young people to gain confidence to pursue STEM opportunities. The entire conversation can be viewed here.

Make STEM 100% also features a curated resource guide for young people to share offerings (courses, internships, partner organizations, etc.) with their peers to advance their interests and gain real life experience in the field.

“The outlook for science is promising — especially among young people. Our State of Science study found that Millennials and Gen Z both have a higher appreciation for science and expect it to drive social impact, with a focus on solutions for sustainability, healthcare and STEM equity,” said Dr Jayshree Seth, 3M Corporate Scientists and Chief Science Advocate. “But more work is needed, and we need more diverse voices. The world requires innovation. Innovation needs science. Science demands diversity. Diversity warrants equity.”

“A strong education and foundation in STEM can serve as a catalyst for change in our society,” said Terry Rhadigan, vice president of Corporate Giving at General Motors. “We believe that the Make STEM 100% program will help to close gaps and equip students from all backgrounds with the STEM skills and knowledge needed to tackle a wide range of issues that impact young people, including racial discrimination, climate change and more.”

Students that participate in either portion of the program by March 27th–advocating to their school administrators for more robust STEM education or sharing a STEM resource guide–are automatically entered to earn a $1,000 scholarship.

To learn more, please visit



DoSomething fuels young people to change the world. As the national hub for youth-centered activism, DoSomething has activated more than 5 million young people representing every U.S. area code and over 130 countries. DoSomething has registered over 360,000 new voters since 2018 and awarded more than $1.8 million in scholarships to young people since 2010. When you join, you are joining a reflective and inclusive collective of young people who are collaborating to develop and implement the solutions to the most pressing issues facing society today.

Media Contact

Charles River Associates Launches Diversity Pipeline Scholarship Program

Program will Award $60,000 in Scholarships to Students from Traditionally Underserved Populations

BOSTON, MA (March 6, 2023) – Charles River Associates (CRA), a worldwide leader in providing economic, financial and management consulting services, today announced the launch of the CRA All-Access Scholarship, which will support students pursuing degrees in business, economics, engineering, mathematics, science or technology. In the inaugural year of the program, CRA will award $5,000 each to 12 deserving students for their junior year at an accredited institution.

In keeping with CRA’s companywide All-Access Initiative, which champions the importance of higher education, particularly within traditionally underserved populations, the All-Access Scholarship is aimed at encouraging female students and students from underrepresented communities and/or socioeconomically challenging backgrounds to pursue higher education.

“Historically, economics has been one of the least diverse of all the academic fields,” said Raquel Tamez, CRA’s Chief Inclusion and Engagement Officer. “CRA’s All-Access Scholarship Program was created to help address this issue, by giving female students—as well as those from historically underrepresented communities—the financial support they need to make the most of their educational experience.

“Moreover, as a firm with offices in cities around the globe, we want to do our part in ensuring that the talent pipeline in our fields of expertise truly reflects the diversity and dynamism of the communities where we work and live.”

To be eligible for this program, applicants must be current, full-time college sophomores attending an accredited college/university and majoring in Business, Economics, or STEM with an overall GPA of 3.5. Ideal candidates will have a record of leadership and community service, exhibit financial need, and demonstrate a commitment to diversity, inclusion, and equity.

The deadline to apply for the 2023-24 CRA All-Access Scholarship is April 3, 2023. For more information and to begin the application process, visit

This program is administered by International Scholarship and Tuition Services Inc., an independent company that specializes in managing sponsored educational assistance programs.

About Charles River Associates (CRA)

Charles River Associates® is a leading global consulting firm specializing in economic, financial, and management consulting services. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at Follow us on LinkedInTwitter, and Facebook.

Media Contact

Carissa (Miller) Willcoxon
Director of Marketing | ISTS
(615) 777-3735

Looking for a Recession-Proof Career? Teach Away Launches Scholarship to Empower English Language Teachers

In recent years turbulent times around the world have hit close to home for many of us and made us rethink many aspects of our daily lives – including our careers.

Living through the pandemic, the cost-of-living crisis, and an impending economic downturn led to a newly forming economic landscape. Along with the push for better working conditions that spurred the Great Resignation, many people are also looking for more job security.

Recession-proof careers promise consistent work and reliable income, even in uncertain economic conditions. But they don’t have to mean a dull career. In fact, far from it, many ‘reliable’ jobs come with opportunities for continuous learning, career growth, and global travel.

Teaching happens to be one of the best recession-proof jobs for 2023.

Becoming a certified TEFL (Teaching English as a Foreign Language) teacher opens up your career to endless job opportunities, as the global need for English-speaking teachers continues to rise.

High demand means getting qualified to teach is now more accessible than ever, making teaching an ideal job for new grads and career changers alike.

Teach Away, the industry leader in international teacher placement, has launched its first TEFL Scholarship Program. This initiative aims to provide aspiring teachers with the essential skills and training required to teach English abroad or online. The TEFL Scholarship Program is designed to support an aspiring teacher who is unable to participate due to financial limitations. The scholarship will cover the expenses of the selected candidate’s enrollment in the 120-hour online TEFL course, which has been created in partnership with Teach Away and the Ontario Institute for Studies in Education (OISE) at the University of Toronto.

“Students are facing financial difficulty more than ever before. Teaching English [abroad or online] is a great way to secure a steady income while doing very fulfilling work,” says Rene Frey, president of Teach Away.

TEFL grads go on to teach all around the world, from Japan and South Korea to the UAE, Spain, and beyond. A TEFL scholarship will provide the financial assistance needed to help one lucky recipient pursue their dream of living and teaching abroad.

A TEFL Certificate issued by OISE at the University of Toronto is globally recognized and increases aspiring teachers’ chances of securing their dream teaching job abroad. OISE is a top-tier institution in educational research and teacher training, with a particular focus on foreign language instruction. Its distinguished faculty includes world-renowned policymakers and school specialists, and the TEFL certification program was developed by highly respected instructors.

Teach Away is committed to making a difference in the lives of those who are passionate about education and empowering students. The TEFL Scholarship Program is an important step towards achieving this goal.

Since 2003, Teach Away has connected reputable international schools with great teachers through its recruitment platform and helped train teachers with high-quality internationally recognized professional development programs such as its TEFL courses.

The scholarship deadline is April 3, 2023, visit to find out how to apply!

About Teach Away

Founded in 2003, Teach Away has been on an epic journey to solve the global teacher shortage with amazing teachers. Teach Away is currently a global leader in international teacher recruitment and certification. We are home to the largest online community of international educators worldwide. We offer teacher certification, TEFL certification, teaching jobs, online teaching jobs, teacher recruitment and the opportunity to teach english abroad.

Through the past 20 years we’ve stayed true to our vision of a world where every student experiences the power of a great teacher.

Media Contact

Paula Swirla
(416) 471-4031

Financial Aid Awareness Month: How to Make Higher Education Affordable

Financial Aid Awareness Month provides an opportunity to understand the numerous financing options available to alleviate the up-front cost of higher education, such as tuition and room-and-board.

For many students and families nationwide, affordability remains a high concern as they consider investing in a college degree. According to the National Center for Education Statistics, over 85% of students receive some form of financial aid; however, it is not always easy to access and understand all available options. Determining how to access and apply for financial aid can be overwhelming. At the heart of most tuition assistance options is the Free Application for Federal Student Aid (FAFSA), an online form in which families provide household size, income, and other facts used to determine eligibility for various financial aid programs.

Let’s take a look at some of the options available to ensure students and families understand the tools available to make the best financial decisions while pursuing higher education.


One of the most popular forms of financial aid comes in the form of government grants which can be awarded by federal or state governments, nonprofit organizations, and from schools directly. Grants do not need to be paid back and are typically given to students who demonstrate financial need. Students will be automatically considered for federal loans by completing the FAFSA form, and any qualifying options will be applied to your financial aid award annually. Additionally, students may be eligible for grants at the state level. Although state grants may require students to fill out forms outside of the FAFSA, it is wise to explore all options to reduce costs.


The Federal Work-Study Program allows students with financial need to work part-time to earn money that can be used to help pay for education-related expenses. When filing out the FAFSA form, students must indicate an interest in participating in the program. While this is often a great opportunity for students to gain professional experience, not all schools participate in the program and jobs are not guaranteed. Unlike grants which are automatically applied to aid letters, securing a work-study job is the responsibility of the student once they arrive on campus.


Perhaps the most well-known form of financial aid comes in the form of loans. Unlike grants, loans must be paid back and accrue interest overtime. Loans can either be federal or private, and the process for obtaining and repaying each loan greatly differs. Regardless of loan type, students and parents should have a clear understanding of each loan’s interest rate, the time in which they must repay the loan, deferment options, and other fees associated with payment.

Federal student loans are accounted for when students receive financial aid packages and are calculated based on your FAFSA. If you qualify, students will be offered two types of federal loans in financial aid packages: direct subsidized or direct unsubsidized loans. With a direct subsidized loan, the federal government pays the interest while you are in school, in the first six months after you leave school, and during deferment. If a student takes out a direct unsubsidized loan, they are responsible for always paying the interest.

Private loans are borrowed from a private lender – companies, banks, or credit unions – and require additional application processes. While private loans can help bridge gaps between other financial aid offerings and outstanding costs, students should always consider all federal student loan options before seeking out private ones. Because most private loans are credit-based, borrowers must show positive credit history. Additionally, interest rates are often higher than federal loans as they are fixed at a specific rate. There is less flexibility when it comes to repaying private loans and default on these loans comes with greater consequences.

Paying for a college education is among the most expensive investments a family will make, and it is important to remember that it does not come risk-free. Most financial aid offerings include clauses that require repayment if the student withdraws and fails to complete the semester. This Financial Aid Awareness Month, students and families should consider protecting their investment with tuition insurance. An unexpected – and uninsured – withdrawal can be costly as about 40% of student loan borrowers failed to complete their undergraduate degree. To learn more about GradGuard’s Tuition Insurance plans, visit

About GradGuard

GradGuard is an authority on protecting students and families from the risks of college life. Trusted by a network of more than 400 participating colleges and universities, today GradGuard is the number one provider of tuition and renters insurance for college students. Since 2009, GradGuard has protected more than one million members. For more information visit or follow GradGuard on Instagram, Twitter, LinkedIn, and Facebook.

For more Information:
Natalie Tarangioli

CFA Institute Launches Refreshed Investment Foundations® Certificate

Program designed for non-investment professionals aims to promote continuing education and develop knowledge of key investment concepts across the workforce

New York, 14 February 2023—CFA Institute, the global association of investment professionals, has launched a new edition of its CFA Institute Investment Foundations® Certificate (“Investment Foundations Certificate”), a self-paced online certificate-level program that provides the global workforce with a clear understanding of how the global investment industry works.

The Investment Foundations Certificate is designed for non-investment professionals who work or seek to work in marketing, communications, sales, HR, IT, legal and compliance roles at investment organizations, such as firms in asset management, private equity, real estate, or venture capital.

The Investment Foundations Certificate covers foundational concepts about the investment industry, including its purpose, structure, key functions, roles and responsibilities, commonly used vocabulary, investment types, ethical considerations, financial regulation, and more. It also enables professionals, or those aspiring to get a job in the industry, with an ability to think critically, ask the right questions, and ultimately open doors to roles in the industry.

The major benefits of the Investment Foundations Certificate for participants:

• Job seekers without a finance background, as well as undergraduate students, who aspire to work in the industry will learn the foundational components, increasing their financial literacy and skillset.
• Learners who pass the assessments will be issued with a digital certificate and badge, which can be used to demonstrate knowledge and understanding on resumes/CVs and social-media career profile platforms.
• Learners for whom English is a second language may find the Investment Foundations Certificate helpful in mastering core investment industry concepts in English.

Margaret Franklin, CFA, President and CEO, CFA Institute, comments:

“Our vision for CFA Institute is to be where the investment industry comes to skill, upskill, and reskill, which is why we are so excited to bring this new version of the Investment Foundations Certificate to the market. The program will enable participants to communicate more effectively, apply critical thinking to their work, and collaborate more effectively with colleagues in investment teams based on shared knowledge. Employers are now seeking a broader skillset amongst their workforce, and the Investment Foundations Certificate can offer the foundational content that individuals will need, whether already in the industry, or working towards their first role.”

What does the course of study involve?

• Through 60-90 hours of online study over 12 months, the Investment Foundations Certificate provides learners with the essential investment industry concepts in a low-stakes study environment.
• New content on Decentralized Finance, Financial Technology, ESG Investing, and Diversity, Equity, and Inclusion in Practice, draws on CFA Institute research, policy, and standards to inform the materials.

Certificate Experience

The Investment Foundations Certificate is refreshed with entirely new topics, course structure and an optimized learning experience. It is made up of six self-paced interactive courses, each delivered through modules that include interactive text graphs, images, video, discussion prompts, and assessments to deliver a compact, modern, and highly accessible learning environment.

The course topics are:

• Course 1: Industry Overview and Structure
• Course 2: Types and Functioning of Markets
• Course 3: Investment Instruments
• Course 4: Investment Inputs and Tools
• Course 5: Serving Clients Needs
• Course 6: Serving the Greater Good

For the full Investment Foundations Certificate details, visit:

Leading organizations are already accessing the Investment Foundations Certificate to complement organizational learning agendas designed to help people work more effectively with global colleagues through a common industry understanding. Organizations that will be offering access to the Investment Foundations Certificate learning materials to their teams following today’s launch include State Street Global Advisers.

Lori Heinel, CFA, Global Chief Investment Officer, State Street Global Advisors, comments:

“Investing in the financial literacy of State Street Global Advisors’ employees through the CFA Institute Investment Foundations Certificate provides long-term benefits for both the individual and the organization, creating a workforce more equipped to make informed decisions, help clients and drive growth for the company.”

For further information, please contact

Notes to Editors

• The Investment Foundations Certificate registration is priced at is US$350. From the point of registration into the program, learners have 12 months to complete all six courses–including all course assessments and the end-of-certificate assessment. All assessments take place within the learning platform.
• The end-of-certificate assessment comprises 100 multiple choice questions over a maximum test time of 140 minutes. The final assessment will be available to learners starting 15 March 2023. Participants who successfully complete all six courses and the end-of-certificate assessment will receive a digital certificate and a digital badge.
• A free Investment Foundations Certificate demonstration, via access to the Decentralized Finance material in Course 2, Module 2, Lesson 5, is available here: What is Decentralized Finance (DeFi)?
• The Investment Foundations Certificate is not an academic degree/diploma or equivalent and does not in itself allow for progress to higher-level academic studies in any education system.

About CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 190,000 CFA charterholders worldwide in 160 markets. CFA Institute has nine offices worldwide and 160 local societies. For more information, visit or follow us on Linkedin and Twitter at @CFAInstitute

Media Contact

For further information, please contact


The annual program will distribute almost half a million dollars to help fund food and beverage education for future industry leaders

NEW YORK (February 7, 2023) – The James Beard Foundation® (JBF) announced today that applications for its 2023 Scholarship Program are now open. The Scholarship Program—an annual initiative aimed at supporting aspiring culinary students, future restaurateurs, beverage professionals, and more—will offer more than $470,000 to recipients this year.

The JBF Scholarship Program supports the life cycle of a culinary career, providing financial assistance to both emerging and established culinary talent looking to further their education at a licensed or accredited culinary school, hospitality institution, college, or university. Established in 1991, the Scholarship Program serves a particular need in a post-pandemic world, with culinary school applications decreasing while the projected need for head cooks and chefs rising an estimated 15 percent from 2021 to 2031—over double the growth of other professions.1,2 As of 2023, JBF will have awarded nearly $9 million in financial aid to over 2,000 recipients, thanks in part to new partnerships with the Tasting Texas Food and Wine Festival and donor Jamie Hormel.

“The James Beard Foundation was founded to not only celebrate, but support and empower the future of the culinary industry,” said Anne E. McBride, PhD, Vice President of Programs, James Beard Foundation. “Now more than ever, we are proud to foster up-and-coming talent through funding and scholarship opportunities, helping us to create a more equitable and sustainable industry.”

Scholarship award amounts range from $2,500 to $20,000, and eligibility requirements vary by opportunity. Applicants, generally, must be enrolled or planning to enroll in a program at a licensed or accredited culinary school, hospitality institution, college, or university in Fall 2023. International students may also qualify for many of the scholarships and are encouraged to apply. Previous recipients are also eligible to apply again, and interested applicants are eligible to apply for more than one scholarship. There is no application fee required.

This year, JBF will offer three basic types of scholarship awards in the categories of Culinary and Pastry Arts, Wine Studies, and Food Systems. The types of awards are:

• Scholarships: Cash grants applied to tuition and, on a case-by-case basis, other school-related expenses

• Tuition Waivers: Tuition waivers granted by educational institutions, which are renewable in some cases

• Work Study Grants: Grants for working culinary professionals that cover expenses from programs offering experiential learning at farms, fisheries, wineries, and other venues of food production, under the auspices of the Jean-Louis Palladin Professional Work/Study Grant

Below is a selection of the scholarships JBF will be offering for the 2023 year:

• The Debbie Lewis Women in Wine Scholarship: The Debbie Lewis Women in Wine Scholarship honors the life of vintner Debbie Lewis. Debbie had a lifelong passion for mastering the business of wine and set an inspiring example of dedication and hard work to all those around her. Woman-identifying students over the age of 21 who reside in the U.S. and are planning to enroll or are currently enrolled in a beverage, wine studies, hospitality management, master sommelier, or culinary program at an accredited culinary school, hospitality institution, college, or university will qualify. Up to one [1] scholarship of $5,000 will be granted.

• The JBF Caviar Chefs of Tomorrow Scholarship Fund: The JBF Caviar Chefs of Tomorrow Scholarship Fund was established in partnership with Caviar with the mission to increase diversity in the premium restaurant industry and aims to support BIPOC individuals who reside in the United States who are planning to pursue culinary or pastry training at an accredited institution. Up to two [2] scholarships of $20,000 will be granted.

• The JBF Mondelēz Foodservice Scholarship Fund for Equity in Leadership: The JBF Mondelēz Foodservice Scholarship Fund for Equity in Leadership is open to women-identifying and BIPOC individuals who are planning to enroll, or are currently enrolled, at an accredited institution, focusing on culinary arts, pastry and baking, culinary science, or food business, and who reside in the United States. Up to three [3] scholarships of $10,000 will be granted.

• The JBF Visit San Antonio Culinaria Scholarship Fund: The JBF Visit San Antonio Culinaria Scholarship Fund is open to women and BIPOC individuals who reside in the state of Texas and are pursuing a degree at an accredited institution in culinary, pastry, restaurant management, or wine studies. Up to four [4] scholarships of $10,000 will be granted.

• The JBF National Scholars Scholarship: The JBF National Scholars Program, which launched in 2016, provides ten [10] high-impact scholarships of $20,000 each to food-focused candidates of exceptional talent. Candidates for the 10 National Scholarships are selected according to academic merit, personal and professional recommendations, and demonstration of the potential for leadership roles in culinary arts, food studies, agriculture, hospitality management, and related fields. To ensure regional diversity of this national program, one [1] awardee will be selected from each of the 10 geographic regions defined by the JBF Awards.

The Scholarship Program is administered by International Scholarship and Tuition Services, Inc. (ISTS), an independent company that specializes in managing sponsored educational assistance programs. ISTS hosts the online application process, vets the initial candidates for eligibility, and disburses awards to recipients on the Foundation’s behalf. The JBF Scholarship Selection Committee reviews the semifinalists and approximately 40 recipients are selected. The deadline to apply is March 31, 2023.

For more information about the program and to apply, visit


The James Beard Foundation (JBF) is a 501(c)3 nonprofit organization that celebrates and supports the people behind America’s food culture, while pushing for new standards in the restaurant industry to create a future where all have the opportunity to thrive. Established over 30 years ago, the Foundation has highlighted the centrality of food culture in our daily lives and is committed to supporting a resilient and flourishing industry that honors its diverse communities. By amplifying new voices, celebrating those leading the way, and supporting those on the path to do so, the Foundation is working to create a more equitable and sustainable future—what we call Good Food for Good®. JBF brings its mission to life through the annual Awards, industry and community-focused programs, advocacy, partnerships, and events across the country. Coming soon, for the first time in the Foundation’s history, exceptional culinary talent, industry leaders, and visitors from NYC and beyond can experience unforgettable dining and educational programming at Pier 57—inspiring food and beverage devotees for decades to come. Learn more at, sign up for our newsletter, and follow @beardfoundation on social media.

1. Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Chefs and Head Cooks,
2. Angela Salerno, “Culinary school enrollment drops even as need soars at restaurants,” The Washington Post, August 30, 2022,