CFA Exam Format

CFA Program Exam Calendar

The exam calendars below are intended to provide an approximate timeline for planning purposes; however, once you enroll in the program you will be given access to the My CFA candidate dashboard, where important dates relevant to your exam are highlighted.

June 2011 Exam Schedule
(Level I, II, and III)

December 2010 Exam Schedule (Level I only)

Enroll and Register

Before you enroll in the CFA Program and register for your first exam:

• Meet the entrance requirements:

  • Have a bachelor's (or equivalent) degree
    - or be in the final year of your bachelor's degree program at the time of registration
    - or have four years of qualified, professional work experience
    - or have a combination of work and college experience that totals at least four years (Note: Summer, part-time, and internship positions do not qualify)

  • Understand the professional conduct requirements (you will be asked to sign the Professional Conduct Statement and Candidate Responsibility Statement)

  • Be prepared to take the exams in English

  • Effective 1 January 2011: Have a valid international travel passport (required for enrollment and exam registration). Read the new ID policy.

• Decide when to take your exam, where to take your exam, and review the exam fee schedule

• Know your candidate responsibilities

• Avoid an "incomplete application" status; view additional application information

Complete the online application and register for an exam.  (CFA Program enrollment and exam registration will be unavailable from 9:00 a.m. ET 24 July until approximately 9:00 a.m. ET 27 July.)

Note for new candidates: After you receive your registration confirmation e-mail, it may take up to 12 hours before your status on the My CFA candidate dashboard reflects your candidacy.

CFA Program and Exam Fee Schedule

Applicants pay an initial one-time enrollment fee upon entering the the CFA Program. In addition, applicants are required to pay a registration fee for each exam.

Returning candidates pay only the exam registration fee.

The enrollment fee and the exam registration fee increase with each deadline.

December 2010 CFA Exam (Level I only)

All fees are in U.S. dollars.*

The 2010 curriculum eBook is available to December 2010 candidates for US$50. Learn more (login required)

June 2011 CFA Exam Registration Opening Mid- to Late-July

All fees are in U.S. dollars.*

^‡2011 curriculum pricing details

• 2011 curriculum eBook (online) version: subtract $40 from exam registration

• 2011 curriculum printed version: add $20 shipping costs to exam registration

• 2011 curriculum eBook and printed versions (bundle): add $50 to exam registration fee (includes $20 shipping fee)

We are unable to offer refunds or exchanges so we urge you to make your selection carefully. More information about the 2011 curriculum format choices

*The exam registration fees also include the complete curriculum and one mock exam per level. Sample exams are available for purchase. The curriculum portion of the fees may be taxed in some jurisdictions. Customs policies vary widely from country to country. International shipments may be subject to import duties and taxes, which are levied once a shipment reaches your country. You must pay any additional charges for customs clearance; we have no control over these charges and cannot predict what they may be. Delivery delays may result if customs does not receive appropriate documentation. Contact your local customs office for further information.

Enrollment and registration fees are nontransferable and nonrefundable. Application and payment must be received by CFA Institute by 12:00 midnight Eastern Time on or before the application deadline. Full refunds are available within two business days of payment if you change your mind; however, for the June 2011 exam, shipping fees are not refundable. Registration deferrals are also considered on a case-by-case basis for life-threatening or serious illnesses (candidate or immediate family), extreme emergencies, and mandatory military service. Due to fluctuating exchange rates outside our control, we cannot guarantee that the exact amount paid to CFA Institute will be the same amount (in other currency) returned.

If you need to apply for a visa to travel to a distant test center, please make arrangements well in advance. It is your responsibility to secure any necessary travel documents.

Candidates re-registering for the Level I exam will receive a $50 discount on the December 2010 exam registration fee. The discount will be applied in the shopping cart during online registration. June Level I candidates who re-register in the same calendar year (Level I exams are held in June and December) will not be charged again for the curriculum.

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