What membership option is right for me?

The appropriate membership type depends on how much work experience you have.
If you are enrolled in Level I of the CFA® Program and have less than one year of appropriate work experience you should choose candidate membership.

If you have 48 months or more of work experience regular membership is appropriate, otherwise affiliate membership is your best option.

What is the difference between regular and affiliate membership?

Both regular and affiliate members are members of CFA Institute and have access to the same resources and benefits.  However, regular members also have voting rights with CFA Institute and CFA Society Melbourne.

What type of work experience is appropriate?

CFA Institute is responsible for determining what counts as appropriate work experience. Additional information is available on the CFA Institutes website.

Broadly, you must be able to show that you have experience in evaluating or applying financial, economic or statistical data as part of the investment decision-making process.

Do I have to complete the CFA Program to become a member?

No.  You can become a regular or affiliate member without completing or even undertaking the CFA Program.

However, if you have not passed Level I of the CFA Program you must sit a Standards of Practice Examination to demonstrate your understanding of the CFA Institute Code of Ethics and Standards of Practice Handbook.

How do I apply?

Regular and affiliate members should apply through CFA Institute. Candidate members can apply through CFA Society Melbourne by contacting us.

When can I join?

You can join as a regular, affiliate or candidate member at any time.  However the membership year runs from 1 July to 30 June and is not pro-rated.

How much is membership?

Refer to the table on the Membership Types page.

I’m no longer working in the industry but would like to maintain my CFA® charter.  Is a discount available?

If you are retired, temporarily unemployed or no longer working in the investment management industry you can apply for retired status via CFA Institute. This will provide a discount on your CFA Institute and CFA Society Melbourne annual dues.

I’m enrolled in the CFA Program, does that mean I’m a member?

No.  Being enrolled in the CFA Program does not automatically make you a member of CFA Institute or a local society.

I’ve passed Level III of the CFA Program, how do I get my CFA charter?

You must be a regular member of CFA Institute to receive your CFA charter.  More information on receiving your CFA charter is available from CFA Institute.

How do I update my details?

Regular and affiliate members can update their details through the CFA Institute website.

Candidate members should email events@cfas.org.au to update their details.

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