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Passing the three exams marks true mastery of the curriculum and is the most important task required lớn earn the CFA® charter. On average, candidates report investing over 300 hours of study in advance of successfully passing each level.
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Exam Registration, Scheduling and Deferrals
Test Center Updates
Learn More About Computer-Based Exams
Charting your Journey through the CFA Program (PDF)
Each màn chơi of the curriculum builds on the prior level and becomes increasingly complex. The chart below explains the differences between each exam so you can prepare accordingly. For details on computer-based exams, visit our exam information page.
| Meet CFA Program enrollment requirements | Pass level I CFA exam | Pass cấp độ II CFA exam |
| Multiple choice questions | Vignette-supported multiple choice questions | Vignette-supported essay questions and vignette-supported multiple choice questions |
| Within 60 days of taking the exam | Within 60 days of taking the exam | Within 90 days of taking the exam |
| 41% | 45% | 52% |
| View Quick Start Guide for level IView màn chơi I Details | View Quick Start Guide for màn chơi IIView level II Details | View Quick Start Guide for cấp độ III View màn chơi III Details |
Use the CFA Exam Calendar to Keep Track of Important Exam Dates
CFA Program includes a series of three exams: Levels I, II, and III. Use the calendar to view upcoming exams & other important dates leading up lớn the exam. These dates are subject khổng lồ change as conditions warrant. Each exam is administered within an exam window, while the exam dates available lớn each candidate may vary based on appointment availability at the time of scheduling. All deadlines are 11:59 p.m. ET. CFA Institute reserves the right khổng lồ close registration và scheduling dates earlier than previously announced as conditions warrant. Xem thêm: Vợ Chồng Tuổi Kỷ Tỵ Sinh Con Năm 2023, Chồng 1989 Vợ 1989 Sinh Con Năm 2023 Có Hợp Không
Note that exam registration is a two-step process. You must first register for your exam; then schedule your actual exam appointment.Learn more about computer-based testing.
Select Exam Criteria
Exam cấp độ cấp độ I level II cấp độ III
Exam Period February 2023 May 2023 August 2023 November 2023
Level I February Exam Dates
14–20 February 2023
February 2023Level I
Level III February Exam Dates
21–23 February 2023
February 2023Level III
Level I May Exam Dates
16–22 May 2023
May 2023Level I
Level II May Exam Dates
23–27 May 2023
May 2023Level II
Level I August Exam Dates
22 - 28 August 2023
August 2023Level I
Level II August Exam Dates
29 August - 2 September 2023
August 2023Level II
Level III August Exam Dates
29 August - 5 September 2023
August 2023Level III
Level I November Exam Dates
11 - 17 November 2023
November 2023Level I
Level II November Exam Dates
18 - 22 November 2023
November 2023Level II
Registration & Scheduling Opens
9 August 2022Level I
Registration & Scheduling Opens
9 August 2022Level II
Deadline lớn register with invoice payment option
17 September 2022Level I
Deadline to lớn register with invoice payment option
17 September 2022Level III
Registration Closes
8 November 2022Level I
Registration Closes
8 November 2022Level III
Early Registration Deadline
9 November 2022Level I
Early Registration Deadline
9 November 2022Level II
Registration và Scheduling Opens
14 November 2022Level I
Registration và Scheduling Opens
14 November 2022Level II
Registration and Scheduling Opens
14 November 2022Level III
Scheduling Deadline
16 November 2022Level I
Scheduling Deadline
16 November 2022Level III
Deadline khổng lồ register with invoice payment option
17 December 2022Level I
Deadline khổng lồ register with invoice payment option
17 December 2022Level II
Rescheduling Deadline
13 January 2023Level I
Rescheduling Deadline
20 January 2023Level III
Registration and Scheduling Opens
31 January 2023Level I
Registration & Scheduling Opens
31 January 2023Level II
Registration Closes
31 January 2023Level I
Registration Closes
31 January 2023Level II
Early Registration Deadline
1 February 2023Level I
Early Registration Deadline
1 February 2023Level II
Early Registration Deadline
1 February 2023Level III
CFA Exam Dates
14–20 February 2023Level I
Scheduling Deadline
15 February 2023Level I
Scheduling Deadline
15 February 2023Level II
CFA Exam Dates
21–23 February 2023Level III
Deadline to register with invoice payment option
25 March 2023Level I
Deadline lớn register with invoice payment option
25 March 2023Level II
Deadline to lớn register with invoice payment option
25 March 2023Level III
Rescheduling Deadline
14 April 2023Level I
Rescheduling Deadline
21 April 2023Level II
Registration Closes
9 May 2023Level I
Registration Closes
9 May 2023Level II
Registration Closes
9 May 2023Level III
Early Registration Deadline
10 May 2023Level I
Early Registration Deadline
10 May 2023Level II
CFA Exam Dates
16–22 May 2023Level I
CFA Exam Dates
23–27 May 2023Level II
Scheduling Deadline
24 May 2023Level I
Scheduling Deadline
24 May 2023Level II
Scheduling Deadline
24 May 2023Level III
Deadline lớn register with invoice payment option
24 June 2023Level I
Deadline to register with invoice payment option
24 June 2023Level II
Rescheduling Deadline
21 July 2023Level I
Rescheduling Deadline
28 July 2023Level II
Rescheduling Deadline
28 July 2023Level III
Registration Closes
8 August 2023Level I
Registration Closes
8 August 2023Level II
Scheduling Deadline
16 August 2023Level I
Scheduling Deadline
16 August 2023Level II
CFA Exam Dates
22 - 28 August 2023Level I
CFA Exam Dates
29 August - 2 September 2023Level II
CFA Exam Dates
29 August - 5 September 2023Level III
Rescheduling Deadline
13 October 2023Level I
Rescheduling Deadline
20 October 2023Level II
CFA Exam Dates
11 - 17 November 2023Level I
CFA Exam Dates
18 - 22 November 2023Level II
Registration costs vary depending on when you decide to register for the exam.
All fees shown are net of any local Value-Added Tax (VAT), Goods and Services Tax (GST), Sales Tax or any similar tax payable by the candidate in their country of residence. Where CFA Institute is required lớn collect such taxes at the local statutory rate, this will be added lớn the fees shown during the payment/checkout process.For information about taxability related lớn online purchases from CFA Institute, please visit our Tax Policy page.
