Exam Dates, Cost, and Registration Fees (2023)

Each level 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.

CFA Program includes a series of three exams: Levels I, II, and III. Use the calendar to view upcoming exams and other important dates leading up to the exam. These dates are subject to change as conditions warrant. Each exam is administered within an exam window, while the exam dates available to 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 to close registration and scheduling dates earlier than previously announced as conditions warrant. For the latest information on upcoming exams, please visitour CFA Exam Updatespage.

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.

Registration costs vary depending on when you decide to register for the exam.

All fees shown are net of any local VAT, Goods and Services Tax (GST) or any other sales tax payable by the candidate in their country of residence. Where CFA Institute is required to add sales tax at the local statutory rate, this will be added to the fees shown during the payment/checkout process.

For information about taxability related to online purchases from CFA Institute, please visit our Tax Policypage.

• May 2023
• August 2023

One-Time Enrollment Fee

There is a one-time enrollment fee of USD 350 when you register for CFA Program and the Level I exam. This fee will not be applied to subsequent exams. All fees must be paid in US dollars. For more information on enrollment fees and payment options, visit our policies page.

Rescheduling Fee

If you wish to reschedule your exam appointment within your exam window, a USD 250 rescheduling fee will apply.

New for 2023!

For candidates residing in India:

CFA Institute has partnered with education loan provider Eduvanz to offer EMI (Equated Monthly Installment) to candidates who reside in India. To choose this option: Select “Pay by Invoice” as your method of payment during checkout and submit your invoice along with the EMI payment method.*

For more information, read more here.

*Availability of EMI payment is subject to approval and documentation requirements of Eduvanz.

Disclaimer: THE EMI option does not constitute any financial or investment advice by CFA Institute, or any provision of any financial or brokerage services by CFA Institute. Eduvanz is an independent third-party education loan provider which is neither related to nor an agent of CFA Institute, and CFA Institute shall not be liable for any acts or omissions of Eduvanz. Once the applicant successfully avail of the EMI option, all EMI payments (and any refund of fees) will be solely as per terms of documentation between the applicant and Eduvanz, and CFA Institute shall neither be a party to such documentation nor be liable for or in respect of any EMI payments, refunds, or defaults in any manner whatsoever.

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