Flagship Program · Est. 1996 - 30 Years of Standards

Chartered Economist (Ch.E®) Certification

The charter designation for professionals who read economies for a living — macro and monetary analysis, econometrics, public finance and applied sectoral economics. Awarded by the American Academy of Financial Management in the USA, examined through Pearson VUE, and recognised across 150+ countries. The world’s first graduate economics designation.

Curriculum last updated August 2026

150+Countries recognise CWM®
300,000+Global AAFM® alumni network
50,000+CWM® worldwide
1996Setting standards since

Recognized and accepted by leading institutions

Exams are booked through authorized testing partners across 75+ Indian cities.

Academic & institutional acceptance
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Trusted & recognised worldwide
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The shift

From Reading the Headlines to Reading the Economy

Most professionals absorb economics in fragments — a paper during a degree, a research note here, a policy summary there. The fragments rarely assemble into a working method.

Rate decisions land as news

You follow the announcement without the reasoning behind the policy move, or what it implies next.

Forecasts come from someone else’s deck

Econometric method is what turns an opinion about the economy into a defensible number.

Sector knowledge stops at your desk

A specialisation pathway makes you the person in the room who understands how that industry actually behaves.

Analysis without a credential behind it

Capable work, but nothing an employer or client can verify at a glance.

Ch.E® is for professionals whose work depends on being right about where the economy goes next — six modules, an independent Pearson VUE examination, and seven sector pathways to specialise into.

What is the Chartered Economist (Ch.E®) designation?

Ch.E® is a graduate-level professional designation in economics, awarded by the American Academy of Financial Management in the USA. It certifies that the holder can combine economic theory with quantitative analysis to interpret markets, forecast trends and advise on decisions that turn on where the economy is going. The discipline it covers is broad — econometrics, financial economics, industrial organisation, international trade, labour economics, macroeconomics and monetary economics, microeconomics and public finance. It was designed to close the gap between economics as it is taught and economics as it is practised.

6 modules

Ch.E® — The General Charter

One level, examined independently through Pearson VUE. 100% online and self-paced through the USA-ACER learning system, with 2,000+ pages of reading and 500+ practice questions.

7 pathways

Sector Specialisations

Add a sector designation on top of the general charter — financial, energy, health, industrial, managerial, petroleum or policy economics. Each carries its own programme and examination fee.

Who earns the Ch.E®?

Economists & research analysts

Formalise and globally validate expertise you already apply, with a charter an employer can verify.

Banking & capital markets professionals

Read policy and macro conditions the way the desk needs them read, not the way the news reports them.

Corporate strategy & planning

Apply managerial economics to pricing, forecasting, cost-benefit analysis and long-range planning.

Policy & government professionals

Fiscal policy, taxation, welfare and public finance, with a pathway designation that names the specialism.

Consultants & sector specialists

Energy, health, industrial and petroleum professionals who want sector economics they can charge f

Graduates & postgraduates

Economics, finance, statistics, mathematics, management or business administration graduates entering the field.

Candidates who have passed 12th standard are eligible to register. Graduation in any stream is mandatory to be eligible for certification, so final-year students can enrol now.

Trusted by Leading Employers

Our certifications open doors to top companies across the finance industry.

INDIA

Bharti AXA
SOFP
Brokers Forum
Angel Broking
Karvy Private Wealth
Rivergate Capital Partners
Principal Asset Management
Peerless Mutual Fund
Motilal Oswal
UTI Mutual Fund
Bharti AXA
SOFP
Brokers Forum
Angel Broking
Karvy Private Wealth
Rivergate Capital Partners
Principal Asset Management
Peerless Mutual Fund
Motilal Oswal
UTI Mutual Fund
Hedge
Abans
Brokers Forum
Zen Money
IFAN
Welcon
Alpha Capital
Freedom
Edelweiss
Ambit
Hedge
Abans
Brokers Forum
Zen Money
IFAN
Welcon
Alpha Capital
Freedom
Edelweiss
Ambit

INTERNATIONAL

Karvy Private Wealth
Axis Mutual Fund
Nippon India Mutual Fund
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential
Kotak Mutual Fund
L&T Mutual Fund
Aditya Birla Sun Life
AMFI
Karvy Private Wealth
Axis Mutual Fund
Nippon India Mutual Fund
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential
Kotak Mutual Fund
L&T Mutual Fund
Aditya Birla Sun Life
AMFI
+ View More
Program Overview

Ch.E® is delivered entirely online through the USA-ACER e-learning system, and it is self-paced — you set the schedule around your work. The curriculum spans six modules across Economic Analysis, Applied Economics and Sectoral Economics, supported by more than 2,000 pages of reading, 500+ practice questions, mock tests, case studies and presentation decks.

The examination is conducted independently by Pearson VUE at its test centres, and can be scheduled 30 days after registration. Candidates who want a sector credential can add one of seven specialisation pathways on top of the general charter.

  • 100% online and self-paced: no fixed class schedule to work around.
  • Independently examined: Pearson VUE at 5,000+ test centres, not an in-house assessment.
  • Seven specialisation pathways: add a sector designation to the general charter.
  • Graduate-level charter: awarded from the USA and recognised across 150+ countries.

Why structured preparation makes all the difference

Most professionals absorb economics in fragments — a macro paper during a degree, a research note here, a policy summary there. The fragments rarely assemble into a working method, which is why so many capable people can describe what happened but not model what happens next.

Where professionals get stuck:

  • Theory learned for an exam, never applied to a live economy
  • Quantitative method treated as a separate subject from the economics it serves
  • Sector knowledge picked up on the job, with no framework underneath it
  • No independent credential that an employer or client can verify

How we help you succeed:

A structured curriculum puts the analytical tools in sequence and gives you 2,000+ pages, 500+ practice questions and worked case scenarios to build fluency against. The examination then tests it independently through Pearson VUE. That is the difference between following the economy and being able to analyse it on demand.

A complete applied economics skill set

Macroeconomics & monetary economics

Growth, inflation, money supply and the transmission of central bank policy through an economy.

Econometrics & quantitative method

Statistical and mathematical technique applied to real economic data to produce defensible forecasts.

Financial economics

How economic conditions move markets, instruments and asset prices.

Public finance & fiscal policy

Taxation, budget deficits, welfare economics and the role of government in the economy.

International trade

Trade flows, exchange rates and the economics of cross-border activity.

Industrial organisation & labour economics

Market structure, competition, firm behaviour, employment and productivity.

Your journey from enrollment to charter

No uncertainty after payment

01

Enquire

Speak to an advisor about the general charter and the seven specialisation pathways.

02

Check eligibility

Register after 12th standard. Graduation in any stream is required before certification is granted.

03

Register online

Pay ₹47,200 and your AAFM India student account is activated.

04

Get USA-ACER access

Six modules, 2,000+ pages of reading, slide sets, video classes and case studies.

05

Study at your pace

No fixed schedule. Work through the curriculum around your job.

06

Test yourself

500+ practice questions, module quizzes and full-length mock tests.

07

Book your exam

Schedulable 30 days after registration. Book your Pearson VUE slot and pay the exam fee.

08

Earn your Ch.E® charter

115 minutes, 50% to pass. Receive your certificate, awarded from the USA.

Faculty

Learn from practitioners, not presenters

Dr. Deepak Jain

Dr. Deepak Jain

Director & Co-founder, AAFM® India

25+ years in wealth management and estate planning. Author of 26 books on finance; has led AAFM India to train 45,000+ individuals including 30,000+ wealth managers.

Saurabh Jain

Saurabh Jain

Faculty, AAFM® India

CA, CS, CFA, FRM, CFP (US), CWM®, CTEP, CISI (UK), CCRA, CIRA, AIM

A multi-credentialed finance professional bringing deep expertise across accounting, risk, wealth management and estate planning.

Himanshu Patodi

Himanshu Patodi

VP – HSBC Bank

CWM, CTEP, IIM-Mumbai

A transformational leader with 2 decades of experience in global premier banking, designing wealth strategies that bridge borders, insights and legacies.

The curriculum: 20 units, two levels, one integrated framework

Foundation builds your base across markets, tax, insurance, banking, financial planning, and estate transfer. Advanced develops specialist depth in analysis, alternatives, behavioral finance, and portfolio strategy. Every unit maps directly to the CWM® certification exams.

47 Lessons 00:00:00 Hours
Level-1 47 Lessons    00:00:00
  • Chapter 1 - Fundamentals of Economics
    .
  • Chapter 2 - Demand and Supply Analysis
    .
  • Chapter 3 - Consumer Behaviour
    .
  • Chapter 4 - Producer Behaviour
    .
  • Chapter 5 - Forms of Market and Price Determination
    .
  • Chapter 1 - Macro Economics
    .
  • Chapter 2 - Inflation
    .
  • Chapter 3 - Money
    .
  • Chapter 4 - Unemployment
    .
  • Chapter 5 - Economic Policy in Open Economy
    .
  • Chapter 1 - Introduction to Mathematical Economics
    .
  • Chapter 2 - Game Theory
    .
  • Chapter 3 - Behavioural Economics
    .
  • Chapter 4 - Introduction to Econometric
    .
  • Chapter 5 - Simple Linear Regression Model
    .
  • Chapter 6 - Multiple Regression Model
    .
  • Chapter 1 - Data and Statistics
    .
  • Chapter 2 - Introduction to Probability
    .
  • Chapter 3 - Hypothesis Test
    .
  • Chapter 4 - Time Series Analysis and Forecasting
    .
  • Chapter 5 - Index Numbers
    .
  • Chapter 6 - Statistical Methods for Quality Control
    .
  • Chapter 1 - Introduction to Industrial Organization
    .
  • Chapter 2 - Theories of Firm
    .
  • Chapter 3 - Industry Concentration
    .
  • Chapter 1 - International Economy
    .
  • Chapter 2 - Balance of Payment
    .
  • Chapter 3 - Foreign Exchange Policy
    .
  • Chapter 4 - International Trade
    .
  • Chapter 5 - International Tariffs
    .
  • Chapter 6 - Trade Regulations and Industrial Policies
    .
  • Chapter 7 - Market Failure and Government Interventions
    .
  • Chapter 8 - International Economic Indicators
    .
  • Chapter 1 - Economic Policy Analysis
    .
  • Chapter 2 - Energy Economics
    .
  • Chapter 3 - Financial Economics
    .
  • Chapter 4 - Health Economics
    .
  • Chapter 5 - Industrial Economics
    .
  • Chapter 6 - Managerial Economics
    .
  • Chapter 7 - Petroleum Economics
    .

Our alumni work at India's leading wealth institutions

CWM® charterholders serve in private banking, wealth advisory, financial planning, and portfolio roles across these organizations — part of a 300,000+ global alumni network.

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Axis Bank logo
Bank of America logo
HDFC Bank logo
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Your charter - tangible, verifiable, yours

Verified in seconds

Every Ch.E® charter can be verified online by employers and clients at AAFM India's official verification page. Your designation is a credential, not a claim - and verification is what separates the two. Use the Ch.E® mark after your name on your resume, LinkedIn, business card, and client communication. CertificationValidityChecks

One charter, seven pathways beyond it

Eligibility

Who can enroll

Anyone who has passed 12th standard can register. Graduation in any stream is mandatory before the certification is granted, so final-year students can enrol now.

Recognised backgrounds

Graduates and postgraduates in Economics, Finance, Statistics, Mathematics, Management, Agriculture Economics or Business Administration — BA, BSc, BCom, MBA, MA, MSc, MPhil, PhD.

Specialise after the charter

Once you hold Ch.E®, seven sector designations are open to you — financial, energy, health, industrial, managerial, petroleum and policy economics.

The counsellor call, replaced

Fees, exams & eligibility — answered

Everything you'd normally ask a counselor, answered here.

Fees and enrollment

Registration is ₹47,200, taxes as applicable, and includes study material and full USA-ACER e-learning access. Examination, specialisation and certification fees are separate — your counsellor confirms the complete schedule at enrolment.
No. The examination fee is separate and payable when you book your Pearson VUE slot.
All fees are non-refundable once paid. We state this upfront so you can decide with complete information.
Your AAFM India student account and USA-ACER e-learning access activate once registration is processed.

Exams and eligibility

Yes, 100% online and self-paced through the USA-ACER e-learning system. The examination is taken in person at a Pearson VUE test centre.
Six modules spanning Economic Analysis, Applied Economics and Sectoral Economics, with 2,000+ pages of reading material, hundreds of slide sets, video classes, 500+ practice questions, mock tests and case studies.
It is self-paced, so the timeline is yours. The examination can be booked from 30 days after registration and must be scheduled before your registration period expires.
No. The general Ch.E® charter stands on its own. Specialisation is optional and can be added afterwards.
Chartered Financial Economist (Ch.FE®), Chartered Managerial Economist (Ch.ME®), Chartered Energy Economist (Ch.EE®), Chartered Health Economist (Ch.HE®), Chartered Petroleum Economist (Ch.PE®), Chartered Industrial Economist (Ch.IE®) and Chartered Economic Policy Analyst (CEPA®).
Yes. Each pathway carries its own programme and examination fee, separate from the general charter. Your counsellor confirms the current figures for your chosen pathway.
Speak to your counsellor about sequencing more than one pathway — each is a separate programme and examination.
Pearson VUE, independently, at over 5,000 test centres worldwide. The paper runs 115 minutes for 100 marks and the passing score is 50%.
Anyone who has passed 12th standard can register. Graduation in any stream is mandatory before the certification is granted.
Graduates and postgraduates in Economics, Finance, Statistics, Mathematics, Management, Agriculture Economics or Business Administration — BA, BSc, BCom, BEd, MBA, MA, MSc, MPhil, PhD and related diplomas.
Ch.E® is a professional certification awarded by the American Academy of Financial Management, not a statutory licence or a university degree. It is recognised across the AAFM global network in 150+ countries.
CWM® certifies wealth management and financial planning practice. Ch.E® certifies economic analysis — reading and modelling the conditions that markets and policy respond to. They serve different roles.

Why now

The demand behind the credential

150+ Countries where the charter is recognised AAFM®
800+ Training providers & university partnerships AAFM® global network
5,000+ Pearson VUE test centres worldwide Pearson VUE
30+ Years the standard has been in place AAFM®, est. 1996

Global community

AAFM®-certified professionals practise in the world’s major financial centres

Not sure which specialisation fits your sector?

Talk to an advisor about the general charter, the seven pathways, and which one matches the work you already do.

Talk to a Career Expert →

Self-paced or live

Choose your Study Mode

Two ways to earn the CWM® charter. Both include your student registration fee and 12-month LMS access, both lead to the same charter, and exam fees are separate.

Study on your own schedule
₹40000
+ 18% GST
₹47200 payable today

Complete your enrollment

Selected: Instructor Led ClassesSelect pathway and courseware

Program fee₹40000
GST (18%)
Total payable₹47200

Join a global network of 300,000+ certified professionals.

A graduate economics charter awarded from the USA, examined independently through Pearson VUE, with seven specialisation pathways to match the sector you work in.

Enroll in Ch.E® Today → Standards · Trust · Excellence in Financial Education
₹40000 + 18% GST
₹47200 GST-inclusive
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