Below are the dates for upcoming CFA exams in 2023, including the May 2023 (Level 1 + Level 2), August 2023 (all levels) and November 2023 (Level 1 + Level 2) sessions. As the CFA exam calendar is full of important dates,We've divided our CFA exam schedule into categories:
CFA EXAM 2023: DETAILED SCHEDULE
MAY 2023 EXAMINATION WINDOW
LEVELS: 1, 2
AUGUST 2023 EXAMINATION WINDOW
LEVELS: 1, 2, 3
EXAMINATION WINDOW NOV 2023
LEVELS: 1, 2
TO START: August 9, 2022
|November 14, 2022|January 31, 2022
Registration for MAY 2023 | AUGUST 2023 | The November 2023 exam will open
Application Deadlines for the CFA Exam
some additional CFA exam dates
Availability of CFA Institute study materials
Study planner for the CFA exam
CFA EXAMINATION DATE: L1: 16.-22. It could
|L1: 22.-28. August|L1: 11.-17. November
*Level 1, Level 2 and 3 exam dates:see below.
RESULTS: july 2023
|october 2023|January 2024
** CFA exam resultsMust be cleared 5-7 weeks after Level 1, 6-8 weeks after Level 2, and up to 9-10 weeks after Level 3 exam
NOTE: All deadlines end at 23:59. ET unless otherwise stated.
CFA EXAM DATES, LEVELS:
1, 2, 3
|February 2023||May 2023||August 2023||November 2023|
|CFA Level 1 Exam Date||February 14-20, 2023||16.-22. May 2023||22.-28. August 2023||11.-17. November 2023|
|Level 2 CFA exam date||n / D||23.-27. May 2023||August 29 to September 2, 2023||18.-22. November 2023|
|Level 3 CFA exam date||February 21-23, 2023||n / D||August 29 to September 5, 2023||n / D|
- Starting in 2021, all CFA exam levels will be postponedcomputer aided testing.
- 2023 PHASE 1The CFA exam is held 4 times > in February, May, August and November.
- 2023 STAGE 2The CFA exam is held three times > in May, August and November.
- 2023 PHASE 3The CFA exam takes place twice > in February and August.
CFA Institute Scholarship Deadlines
Access to scholarship
October 18, 2022
CFA Exam Access Scholarship*2023*(1st window) | START: September 20, 2022
February 14, 2023
CFA Exam Access Scholarship*2023*(2nd window) | START: January 17, 2023
For many years, if you want to applyAccess to scholarship, you had to plan well because the deadline expired in mid-September of the year before the desired exam, for example. September 15, 2020 was the deadline for all 2021 CFA exams.
However, the CFA Institute seems to want to change that. In the current CFAI. There will be one year of the Access Scholarship Program beginning September 1, 2022 and ending August 31, 20232 application windowsThese will be quite short, but they will be closer to your CFA exam, making it easier for you to schedule your CFA exam. If you receive the Access Scholarship, you will have approximately 7 months to use it for any of the available CFA exams (however, please note the deadline and exact expiry date provided by the CFA Institute in the scholarship award email! ).
The first Access Scholarship application window for the 2023 CFA exams will open on September 20, 2022 and will close on October 18, 2022 at midnight ETSecond application window starts January 17, 2023 and ends February 14, 2023. Keep coming back for updates and set up your CFA Institute account if you likeRequest your grant of access.
February 5, 2023
Scholarship for Women CFA Exam*2023*| START: January 3, 2023
July 31, 2023
CFA exam scholarship*2023*| START: September 1, 2022
There are alsoother scholarships from the CFA Institute, such as handbags for women or Scholarships for students. In the fellowship year beginning September 1, 2022 and ending August 31, 2023,2 women app windowsAre available. The first closed in October 2022 and the other will open in January 2023. If you are a student, check with your school to see if you can apply. And if you're a woman, with the 2 application windows per year, it should be easier to get your scholarship. If you want to apply for a special scholarship,Visit your CFA Institute accountto check details.
Application Deadlines for the CFA Exam
November 9, 2022|February 1, 2023|
May 10, 2023
Early registration for MAY 2023 | AUGUST 2023 | Exam NOV 2023 (registration fee: 900 USD)
January 31, 2023|May 9, 2023|
August 8, 2023
Standard application for MAY 2023 | AUGUST 2023 | NOV 2023 exam (registration fee: 1200 USD)
The early registration fee for the 2023 CFA exams increases to $900 (from $700). The standard registration fee is also up to $1,200 (instead of $1,000).
Observe thatBeginning in 2023, new CFA program participants will be required to pay a one-time program application fee of $350. The fee is the same regardless of the CFA exam registration deadline you choose.
Plan and reschedule appointments
February 15, 2023|May 24, 2023|
August 16, 2023
MAY 2023 Planning Deadline | AUGUST 2023 | NOV 2023 exam (no additional fee)
April 14, 2023(LVL 1) /April 21, 2023(LVL 2) |
July 21, 2023(LVL 1) /July 28, 2023(LVL 2 e 3) |
October 13, 2023(LVL 1) /October 20, 2023(LVL 2)
Debt restructuring date for MAY 2023 | AUGUST 2023 | Exam NOV 2023 (Fee: 250 USD)
ORegistering for the CFA exam is a two-step process: First you register for the exam and pay the registration fee, then you have toSchedule the exam day within your chosen exam window. Appointments are made in order of arrival.
You can also reschedule your CFA exam before the rescheduling deadline by paying the $250 rescheduling fee (for each rescheduling!). The redial option allows you to do thisChange your exam day or test centerPosition within your exam window. Change is possible depending on seat availability. If there is no space available at a certain time, you should regularly check for seat availability. but consider thisfor 2023 exams each actual rebooking costs $250. Also, be sure to familiarize yourself with the information provided by testing centers (options may vary from center to center, for example, the length of the testing window may vary).
Availability of CFA Institute study materials
I do not register
CFA Program Curriculum (online) + practice questions + mock exams
You have free access to the digital version of yourCFA program curriculumwhen registering for your exam. After registration, you can alsoprint version for approximately USD 299 + shipping and customs costs. You can also choose to print all or parts of it yourself.
Ourprintable notes for your CFA exam readingsare a good choice if you want printed study materials. They are in the form of e-books that you can print out and add your own notes and examples (we've left room for that). You can find them insideYour personal study plan.
Practice questions and sample exams are available after you log in to your CFA Institute account and are free for all registered candidates. You'll also find what you're looking for by choosing the full curriculum version of your CFA exam with Soleadeamany practice questions and tests, including simulations, on your resume
We will remind you when your preparation starts.
CFA exam date
16.-22. It could|22.-28. August|November 11th to 17th
CFA Level 1 Exam Window for MAY 2023 | AUGUST 2023 | Candidates for November 2023
23.-27. It could|August 29th to September 2nd|
November 18th to 22nd
CFA Level 2 Exam Window for MAY 2023 | AUGUST 2023 | Candidates for November 2023
August 29th to September 5th
Phase 3 CFA Exam Window for Candidates August 2023
As of 2021 for all CFA examscomputer aided testing. Exams consist of two sessions with an optional break in between. Each exam session lasts approximately 2 hours and 15 minutes.
For the LEVEL 1 CFA exam, you can expect 90 multiple-choice questions per session. This makes a total of 180 questions. You will have1.5 minutes per questionto the media.
For the LEVEL 2 CFA exam, you can expect 44 multiple-choice questions per session, organized into 11 sets of items (each topped by a vignette, followed by 4 multiple-choice questions). That's a total of 88 questions (22 item sets). You will haveapprox. 3 minutes per questionto the media.
For the LEVEL 3 CFA exam, you can expect open-ended questions (constructed answers) and item sets (as in Level 2). In total there will be 11 constructed response sets (essay) with a variable number of items/questions to be answered and 44 multiple choice questions organized into 11 item sets of 4 questions each. In both sessions you will be asked a mix of essay questions and item sets (examples in the table below). For essay sets and items, the total number of points that can be achieved is given (for each item set it isapprox. 3 minutes per questionon average, writing time may vary).
2023 CFA EXAM SCHEDULE
|CFA exam duration||LEVEL 1||LEVEL 2||LEVEL 3|
|Promise, tutorial and research||30 minutes||30 minutes||30 minutes|
|SESSION 1||2 Standard 15 minutes||2 Standard 12 minutes||2 Standard 12 minutes|
|NO. of questions||90 questions||44 questions combined into 11 sets of items||6 writing sets |
+ 5 sets of items
|INTERRUPTION (optional)||30 minutes||30 minutes||30 minutes|
|SESSION 2||2 Standard 15 minutes||2 Standard 12 minutes||2 Standard 12 minutes|
|NO. of questions||90 questions||44 questions combined into 11 sets of items||5 writing sets |
+ 6 sets of items
|TEST ALL TIME||4 Standard 30 minutes||4 Standard 24 minutes||4 Standard 24 minutes|
|ALL DAY EXAM||here. 5.5 standard||here. 5.5 standard||here. 5.5 standard|
Availability of CFA exam results
july 2023|october 2023|January 2024
Results announced for MAY 2023 | AUGUST 2023 | NOV 2023 exam
ForComputer Based CFA Exams - Resultsshould be available approximately 5-7 weeks after the Level 1 exam, 6-8 weeks after the Level 2 exam, and up to 9-10 weeks after the Level 3 exam. The CFA Institute emphasizes that the same is trueMPS procedureIt's still available.
CFA exam pass rates vary by level:
Tier 1 pass rate (November 2022): 36%
Tier 2 pass rate (November 2022): 44%
Tier 1 pass rate (August 2022): 37%
Level 2 pass rate (August 2022): 40%
Tier 3 pass rate (Aug 2022): 48%
Level 1 Bestehensquote (May 2022): 38%
Level 3 Bestehensquote (May 2022): 49%
Tier 1 pass rate (Feb 2022): 36%
Tier 2 pass rate (Feb 2022): 44%
Tier 1 pass rate (November 2021): 27% (why so low?)
Level 2 pass rate (November 2021): 46%
Tier 3 pass rate (November 2021): 43%
Tier 1 pass rate (August 2021): 26%
Tier 2 pass rate (Aug 2021): 29%
Tier 3 pass rate (Aug 2021): 39%
Tier 1 pass rate (July 2021): 22%
Level 1 Bestehensquote (May 2021): 25%
Level 2 Bestehensquote (May 2021): 40%
Level 3 Bestehensquote (May 2021): 42%
Tier 1 pass rate (Feb 2021): 44%
Level 1 pass rate (December 2020): 49%
Level 2 pass rate (December 2020): 55%
Tier 3 pass rate (December 2020): 56%
all levels (June 2020):Exams postponed due to COVID-19
Tier 1 pass rate (December 2019): 42%
Tier 1 pass rate (June 2019): 41%
Tier 2 pass rate (June 2019): 44%
Tier 3 pass rate (June 2019): 56%
Level 1 pass rate (December 2018): 45%
Tier 1 pass rate (June 2018): 43%
Tier 2 pass rate (June 2018): 45%
Tier 3 pass rate (June 2018): 56%
Overwhelmed by all the CFA exam dates? Set up your account with Soleadea - we will notify youthe most important deadlines***
*** DEADLINE FOR ACCESS BAG | REGISTRATION DEADLINE | CFA EXAMINATION DATE (CHECKLISTS)
Released in 2018
CFA Exam Registration
CFA exam results