Fee Schedule
Register early for a discounted fee
All fees are in U.S. dollars.
| December 2009 CFA Exam |
Level I
| Payment deadlines | Program enrollment (new candidates only) |
+ | Exam registration* | = | Total cost |
| 16 Mar 2009: | $390 | + | $600 | = | $990 |
| 21 Aug 2009: | $390 | + | $690 | = | $1080 |
| 15 Sep 2009: | $465 | + | $930 | = | $1395 |
Returning candidates pay only the exam registration fee.
| June 2010 CFA Exam |
Levels I, II, and III
| Payment deadlines | Program enrollment (new candidates only) |
+ | Exam registration* | = | Total cost |
| 23 Sep 2009: | $400 | + | $620 | = | $1020 |
| 17 Feb 2010: | $400 | + | $710 | = | $1110 |
| 17 Mar 2010: | $480 | + | $955 | = | $1435 |
Returning candidates pay only the exam registration fee.
*The exam registration fees also include the complete curriculum, one mock exam per level, and one sample exam (December 2009 candidates). The curriculum portion of the fees may be taxed in some U.S. states and Canada. 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. 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.
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 same exam level in a future calendar year will receive a $50 discount on the 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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