★ Transparent, all-in-one fee guide

CWM® Fee Structure — Everything You Need to Know

The CWM® programme starts from Rs.42,000 + GST for resident Indian candidates. Exam fees are Level I Rs.7,080 and Level II Rs.9,440, paid separately when you schedule. EMI is available, and overseas candidates are quoted in USD.

Programme Fees

Training & Registration Fees for Resident Indian Candidates

The programme fee covers your registration, access to online courseware and study materials. Three pathways are available depending on your background and experience.

PathwayEligibility (summary)Programme FeeWith Paperback Books
Compulsory Pathway10+2 pass; no prior work experience required to beginRs.42,000 + 18% GSTRs.50,000 + 18% GST
Experience Pathway3+ years relevant financial services experienceRs.42,000 + 18% GSTRs.50,000 + 18% GST
Corporate Member PathwaySponsored through a corporate member organisationRs.44,000 + 18% GSTConfirm with counsellor

The fee breakdown for the standard pathways is: registration Rs.36,000 + online courseware Rs.6,000, totalling Rs.42,000 before GST. Paperback books (an optional add-on) are priced at Rs.8,000. Corporate member pricing uses a reduced registration fee of Rs.30,000.

Training is available in three delivery modes — self-paced online, instructor-led online-live, and in-person classroom — so you can choose what fits your schedule and learning style. Specific mode pricing and current EMI terms should be confirmed with an AAFM India counsellor, as these may vary by batch.

Examination Fees

CWM® Exam Fees — Level I and Level II

Exam fees are paid separately from your programme fee, directly when you schedule your examination through the authorised testing network.

Rs.7,080
Level I exam fee (Rs.6,000 + 18% GST)
Rs.9,440
Level II exam fee (Rs.8,000 + 18% GST)
USD 100
Certification fee (on passing both levels)
Year-round
Exams available 365 days a year

Exams are delivered via Pearson VUE and Prometric at over 200 global centres and 75 Indian cities, or via NSE Academy in India. The fee is payable at the time of scheduling, not at registration. Candidates on the Experience Pathway who meet the eligibility criteria may be exempt from the Level I examination — confirm with your counsellor before paying.

Once you pass both levels and pay the USD 100 certification fee, AAFM USA processes and dispatches your CWM® charter. For full exam rules, calculator policy and grading details, see the Examination page.

No negative marking: Each attempt is scored on 85 questions worth 160 marks over 180 minutes. The pass mark is 50% (80/160). You may reattempt after a 15-day gap within your registration validity period.
What Is Included

What Your Programme Fee Covers

Understanding exactly what you receive for your investment helps you compare accurately and plan your study journey.

AAFM India Registration
Official enrolment

Your registration on the AAFM India student portal, which activates your 365-day study window and triggers dispatch of your welcome correspondence from AAFM USA.

Online Courseware Access
Digital study materials

Full access to the official CWM® digital curriculum for all 20 units across both levels — Levels I Foundation and II Advanced — including practice question banks and mock papers.

Paperback Books (Optional Add-on)
Physical textbooks

Printed study books for all units, available for an additional Rs.8,000. Many candidates prefer the digital-only route; physical books are recommended if you study away from a screen frequently.

Faculty & Mentor Support
Guidance throughout

Access to AAFM India's faculty team for doubt-resolution, available through the student portal. Online-live and classroom modes additionally include scheduled contact sessions with instructors.

Student Portal & Career Services
Beyond the curriculum

Access to the alumni network, job board, and connections with AAFM India's 30+ corporate hiring partners — available to active students and certified professionals.

International Charter Dispatch
On certification (USD 100)

Once you pass both levels, the USD 100 certification fee covers AAFM USA processing and international dispatch of your CWM® charter, valid in 151+ countries with no territorial re-examination.

Note: Exam fees (Level I Rs.7,080 · Level II Rs.9,440) and the USD 100 certification fee are NOT included in the programme fee and are payable separately at the relevant stage.
EMI & Payment Options

Flexible Payment — Pay in Instalments

AAFM India offers EMI to make the CWM® more accessible. Credit and debit card holders can spread the programme cost over monthly instalments.

EMI is available for eligible credit and debit card holders at the time of registration. The number of EMI months, interest rate (if any), and any processing fee are governed by your card-issuing bank — AAFM India facilitates the option but does not set the bank's terms. To understand which cards qualify and what the effective monthly outgo will be for your chosen pathway, contact an AAFM India counsellor before registering.

1

Speak to a counsellor

Call or use the enquiry form below to get current EMI options, confirm your pathway and receive a personalised fee summary before you commit.

2

Select EMI at checkout

During the online registration process, choose your preferred EMI tenure from the options your bank makes available at the payment gateway.

3

Activate your account

Once the first instalment is processed, your AAFM India student account is activated and your 365-day study window begins.

4

Pay exam fees separately

Exam fees (Rs.7,080 for Level I; Rs.9,440 for Level II) are paid at the time of scheduling — not at registration — so you can time them to match your readiness.

Demand draft: Payments by demand draft are also accepted. Overseas candidates use the ICICI Bank account details provided by AAFM India at the time of registration. All fees are non-refundable once paid; please review the brochure and speak with a counsellor before submitting payment.

Overseas Candidates

International Candidate Fees (USD)

Candidates based outside India are charged in US Dollars and follow a single combined fee structure for registration and courseware.

Fee ComponentAmount (USD)Notes
Registration & CoursewareUSD 1,000Equivalent to the resident Indian programme fee; includes online study materials
Examination (per level)USD 200Paid at time of scheduling at a Pearson VUE / Prometric centre globally
CertificationUSD 100Payable on passing both levels; covers AAFM USA processing and charter dispatch
Courier (books)At costBorne by the candidate; applicable only if paperback books are ordered

Overseas candidates use the ICICI Bank account details provided by AAFM India at the time of registration for wire transfer. The CWM® charter is recognised in 151+ countries and examinations can be taken at over 200 global cities through Pearson VUE and Prometric — there is no territorial re-examination requirement.

For current exchange-rate guidance, batch availability, or questions about taking the exam at a specific international centre, contact AAFM India at info@aafmindia.co.in or use the enquiry form below.

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Give a course advisor 15 minutes and walk away with a clear plan, fee options and your next batch date — no pressure, no jargon.

Questions

CWM® Fee Structure — Common Questions

The base programme fee starts from Rs.42,000 + 18% GST (totalling approximately Rs.49,560) for the Compulsory and Experience pathways. If you add optional paperback books the fee is Rs.50,000 + 18% GST. Exam fees are separate: Level I Rs.7,080 and Level II Rs.9,440. Contact a counsellor for the current schedule and any corporate pricing.

No. The programme/training fee covers registration, online courseware and study materials. Exam fees are paid separately — Rs.7,080 for Level I and Rs.9,440 for Level II — when you schedule your examination through Pearson VUE, Prometric, or NSE Academy.

Yes. EMI is available for credit and debit card holders. The number of instalments and applicable processing charges depend on your card issuer. Contact an AAFM India counsellor to understand the current EMI options before registering.

Fees once paid are non-refundable under any circumstances. AAFM India recommends attending a free counselling session and reviewing the brochure thoroughly before making payment.

Overseas candidates pay USD 1,000 for registration and courseware, plus USD 200 per examination level and USD 100 for certification. Courier charges for dispatch of study materials are borne by the candidate.

Your registration is valid for 365 days from the date of activation. Both levels must be completed within three years; if they are not, completed levels are nullified and re-registration is required.

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