The CFA® Program consists of a series of three examinations (Levels I, II, and III) that must be taken in succession. The Level I CFA exam consists of basic knowledge and comprehension questions focused on investment tools, while the Level II exam requires more complex analysis and focus on valuing assets. The Level III exam combines all the concepts and analytical methods in a number of applications for effective portfolio management and wealth planning. A minimum of 300 hours of preparation per CFA exam level is recommended, although some candidates will need more or less time, depending on their individual backgrounds and experience. There is no limit to the number of times you can take each exam, and you can take as much time as you need to complete the program. The CFA curriculum is dynamic and changes annually to meet the nature and complexity of the global investment profession. Level I February 2021 Registration and Exam Dates Level I February Computer-Based Exam Dates: 23 February – 1 March 2021 Registration and scheduling windows open: 16 June 2020 Early registration deadline: 13 August 2020 Registration closes: 7 December 2020 Scheduling deadline: 14 December 2020 Re-scheduling deadline: 25 January 2021 Register for the CFA Exam > May 2021 Registration and Exam Dates Level I May Computer-Based Exam Dates: 18-24 May 2021 Registration and scheduling windows open: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Scheduling deadline: 10 March 2021 Re-scheduling deadline: 16 April 2021 Register for the CFA Exam > August 2021 Registration and Exam Dates Level I August Computer-Based Exam Dates: 24-30 August 2021 Registration opens: 20 August 2020 Scheduling opens: 3 November 2020 Early registration deadline: 2 February 2021 Registration closes: 4 May 2021 Scheduling deadline: 23 May 2021 Re-scheduling deadline: 22 July 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level I November Computer-Based Exam Dates: 16-22 November 2021 Registration opens: 20 August 2020 Scheduling opens: 2 February 2021 Early registration deadline: 4 May 2021 Registration closes: 10 August 2021 Scheduling deadline: 25 August 2021 Re-scheduling deadline: 14 October 2021 Register for the CFA Exam > Exam Format 2021 Level I Format: Computer-based and multiple-choice Questions: 180 equally weighted questions Morning session: 90 questions Afternoon session: 90 questions Each session is 2 hours and 15 minutes long Our Level I study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level I > Level II May 2021 Registration and Exam Dates Level II May Computer-Based Exam Dates: 25-29 May 2021 Registration opens: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Register for the CFA Exam > August 2021 Registration and Exam Dates Level II August Computer-Based Exam Dates: 31 August – 4 September 2021 Registration opens: 20 August 2020 Early registration deadline: 2 February 2021 Registration closes: 4 May 2021 Register for the CFA Exam > Exam Format Beginning in 2021, there will be two Level II exam windows in each year; the first in May and the second in August. Additionally, all CFA® exams in 2021 and beyond will be offered in a computer-based format. The December 2020 CFA exam is the last to be offered in print format. Format: item set or ‘mini cases’ – each item set contains a vignette (with an average length of 1.5 pages) Questions: 21 item sets or “mini cases” Morning Session: 10 item sets Afternoon Session: 11 item sets 18 item sets will have 6 multiple choice questions and 3 item sets will have 4 multiple choice questions Exam is graded for 360 points, corresponding to the number of minutes on the exam Our Level II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level II > Level III May 2021 Registration and Exam Dates Level III May Computer-Based Exam Dates: 25-27 May 2021 Registration opens: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level III November Computer-Based Exam Dates: 23-25 November 2021 Registration opens: 20 August 2020 Early registration deadline: 4 May 2021 Registration closes: 10 August 2021 Register for the CFA Exam > Exam Format Beginning in 2021, there will be two Level III exam windows each year; the first in May and the second in November. Additionally, all CFA® exams in 2021 and beyond will be offered in a computer-based format. The December 2020 CFA exam is the last to be offered in print format. Format: Essay, item sets, and multiple choice Questions: Morning Session: 8-12 essay questions Afternoon Session: 8 item sets with 6 multiple-choice questions in each and 3 item sets with 4 multiple-choice questions in each Exam is graded for 360 points, corresponding to the number of minutes on the exam Our Level III study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level III >
The CFA® Program consists of a series of three examinations (Levels I, II, and III) that must be taken in succession. The Level I CFA exam consists of basic knowledge and comprehension questions focused on investment tools, while the Level II exam requires more complex analysis and focus on valuing assets. The Level III exam combines all the concepts and analytical methods in a number of applications for effective portfolio management and wealth planning. A minimum of 300 hours of preparation per CFA exam level is recommended, although some candidates will need more or less time, depending on their individual backgrounds and experience. There is no limit to the number of times you can take each exam, and you can take as much time as you need to complete the program. The CFA curriculum is dynamic and changes annually to meet the nature and complexity of the global investment profession. Level I February 2021 Registration and Exam Dates Level I February Computer-Based Exam Dates: 23 February – 1 March 2021 Registration and scheduling windows open: 16 June 2020 Early registration deadline: 13 August 2020 Registration closes: 7 December 2020 Scheduling deadline: 14 December 2020 Re-scheduling deadline: 25 January 2021 Register for the CFA Exam > May 2021 Registration and Exam Dates Level I May Computer-Based Exam Dates: 18-24 May 2021 Registration and scheduling windows open: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Scheduling deadline: 10 March 2021 Re-scheduling deadline: 16 April 2021 Register for the CFA Exam > August 2021 Registration and Exam Dates Level I August Computer-Based Exam Dates: 24-30 August 2021 Registration opens: 20 August 2020 Scheduling opens: 3 November 2020 Early registration deadline: 2 February 2021 Registration closes: 4 May 2021 Scheduling deadline: 23 May 2021 Re-scheduling deadline: 22 July 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level I November Computer-Based Exam Dates: 16-22 November 2021 Registration opens: 20 August 2020 Scheduling opens: 2 February 2021 Early registration deadline: 4 May 2021 Registration closes: 10 August 2021 Scheduling deadline: 25 August 2021 Re-scheduling deadline: 14 October 2021 Register for the CFA Exam > Exam Format 2021 Level I Format: Computer-based and multiple-choice Questions: 180 equally weighted questions Morning session: 90 questions Afternoon session: 90 questions Each session is 2 hours and 15 minutes long Our Level I study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level I > Level II May 2021 Registration and Exam Dates Level II May Computer-Based Exam Dates: 25-29 May 2021 Registration opens: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Register for the CFA Exam > August 2021 Registration and Exam Dates Level II August Computer-Based Exam Dates: 31 August – 4 September 2021 Registration opens: 20 August 2020 Early registration deadline: 2 February 2021 Registration closes: 4 May 2021 Register for the CFA Exam > Exam Format Beginning in 2021, there will be two Level II exam windows in each year; the first in May and the second in August. Additionally, all CFA® exams in 2021 and beyond will be offered in a computer-based format. The December 2020 CFA exam is the last to be offered in print format. Format: item set or ‘mini cases’ – each item set contains a vignette (with an average length of 1.5 pages) Questions: 21 item sets or “mini cases” Morning Session: 10 item sets Afternoon Session: 11 item sets 18 item sets will have 6 multiple choice questions and 3 item sets will have 4 multiple choice questions Exam is graded for 360 points, corresponding to the number of minutes on the exam Our Level II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level II > Level III May 2021 Registration and Exam Dates Level III May Computer-Based Exam Dates: 25-27 May 2021 Registration opens: 20 August 2020 Early registration deadline: 3 November 2020 Registration closes: 23 February 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level III November Computer-Based Exam Dates: 23-25 November 2021 Registration opens: 20 August 2020 Early registration deadline: 4 May 2021 Registration closes: 10 August 2021 Register for the CFA Exam > Exam Format Beginning in 2021, there will be two Level III exam windows each year; the first in May and the second in November. Additionally, all CFA® exams in 2021 and beyond will be offered in a computer-based format. The December 2020 CFA exam is the last to be offered in print format. Format: Essay, item sets, and multiple choice Questions: Morning Session: 8-12 essay questions Afternoon Session: 8 item sets with 6 multiple-choice questions in each and 3 item sets with 4 multiple-choice questions in each Exam is graded for 360 points, corresponding to the number of minutes on the exam Our Level III study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level III >
