The Chartered Economist course fee is a critical factor for students
The Chartered Economist course fee varies depending on the certifying institute, course duration, mode of study, and included study materials. Below is a detailed breakdown of the typical fees involved in pursuing the Chartered Economist certification, primarily referencing AAFM India, one of the prominent providers:
Registration Fee
- For Indian residents, the registration fee is approximately ₹40,000 plus 18% GST.
- For overseas students, it is around USD 1000.
- This fee includes access to online study materials and student account services.
- Registration is valid for 365 days, and candidates must complete the certification within 3 years from the registration date.
Examination Fees
- Examination fees are charged separately at the time of the exam.
- For Indian residents, the exam fee is ₹5,000 plus GST per examination.
- Overseas candidates pay around USD 200 per exam.
- Exams test various modules covering advanced economics topics and applied knowledge.
Certification Fees
- Upon successful completion of all examinations and criteria, candidates pay a certification fee of USD 100.
- This fee is applicable globally and is payable to the certifying body.
Registration Renewal
- If candidates are unable to complete certification within the initial 365 days, they can renew registration.
- Renewal fees for Indian candidates amount to ₹8,000 plus GST.
- Overseas renewal fees are generally USD 100.
Optional Additional Costs
- Some programs offer paperback books and additional study material for extra fees, typically around ₹8,000.
- Different modes of training (classroom, distance learning, webinars) may affect overall cost.
- Courier costs for overseas candidates for physical courseware are borne by the candidate.
Payment Options
- EMI options are commonly available for credit/debit card holders, easing the financial burden.
- Payment methods include demand drafts, online bank transfers, and international wire payments for overseas candidates.
Summary Table of Fees for Indian Residents
| Fee Component | Amount (INR) |
|---|---|
| Registration Fee | ₹40,000 + 18% GST |
| Examination Fee | ₹5,000 + GST per exam |
| Certification Fee | USD 100 (~₹8,000) |
| Registration Renewal | ₹8,000 + GST |
| Optional Study Material (paperback) | ₹8,000 |
Career Return on Investment
- The Chartered Economist certification enhances career prospects in government economic policy, financial institutions, research, consulting, and academia.
- Average salaries for certified professionals start from ₹4-5 Lakh per annum and can go up significantly with experience and specialization.
- The investment in certification fees is justified by the professional advancement and credibility gained.
Conclusion
The Chartered Economist course fees is competitive considering the globally recognized credential, comprehensive curriculum, and career opportunities it opens. Candidates should plan their finances around registration, exam, and renewal costs while leveraging EMI options if needed. This certification is an excellent investment for economists aiming to elevate their expertise and professional standing.
