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 August 2021 Registration and Exam Dates Level I August Computer-Based Exam Dates: 13 – 30 August 2021 Registration opens: 20 August 2020 Scheduling opens: 3 November 2020 Early registration deadline: 2 February 2021 Registration closes: 22 April 2021 Scheduling deadline: 28 May 2021 Re-scheduling deadline: 24 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: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 16 October 2021 Register for the CFA Exam > February 2022 Registration and Exam Dates Level I February Computer-Based Exam Dates: 15 – 21 February 2022 Registration and scheduling windows open: 13 May 2021 Early registration deadline: 10 August 2021 Registration closes: 1 November 2021 Scheduling deadline: 17 November 2021 Re-scheduling deadline: 15 January 2022 Register for the CFA Exam > May 2022 Registration and Exam Dates Level I May Computer-Based Exam Dates: 17 – 23 May 2022 Registration and scheduling windows open: 20 July 2021 Early registration deadline: 1 November 2021 Registration closes: 1 February 2022 Scheduling deadline: 16 February 2022 Re-scheduling deadline: 16 April 2022 Register for the CFA Exam > Exam Format Level I Format: Computer-based and multiple-choice Questions: 180 equally weighted questions Session 1: 90 questions Session 2: 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 > 2022 Level I > Level II 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: 22 April 2021 Scheduling deadline: 28 May 2021 Re-scheduling deadline: 31 July 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level II November Computer-Based Exam Dates: 26 – 30 November 2021 Registration opens: 2 February 2021 Early registration deadline: 4 May 2021 Registration closes: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 26 October 2021 Register for the CFA Exam > February 2022 Registration and Exam Dates Level II February Computer-Based Exam Dates: 22 – 26 February 2022 Registration and scheduling windows open: 13 May 2021 Early registration deadline: 10 August 2021 Registration closes: 1 November 2021 Scheduling deadline: 17 November 2021 Re-scheduling deadline: 22 January 2022 Register for the CFA Exam > Exam Format In 2022, there will be two Level II exam windows — February and August. For 2021 only, the exam windows are August and November. Format: Computer-based, multiple-choice questions using item sets or “mini-cases.” Each item set contains a vignette (with an average length of 1.5 pages). Each item set will be followed by 4 or 6 multiple-choice questions. Questions: 88 equally weighted multiple-choice questions Session 1: 44 multiple-choice questions Session 2: 44 multiple-choice questions Each session is approximately 2 hours and 15 minutes long Our Level II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level II > 2022 Level II > Level III August 2021 Registration and Exam Dates Level III August Computer-Based Exam Dates: 1 – 8 September 2021 Registration closes: 22 April 2021 Scheduling deadline: 28 May 2021 Rescheduling deadline: 1 August 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: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 23 October 2021 Register for the CFA Exam > May 2022 Registration and Exam Dates Level III May Computer-Based Exam Dates: 24 – 26 May 2022 Registration and scheduling windows open: 20 July 2021 Early registration deadline: 1 November 2021 Registration closes: 1 February 2022 Scheduling deadline: 16 February 2022 Re-scheduling deadline: 23 April 2022 Register for the CFA Exam > Exam Format In 2022, there will be two Level III exam windows — May and November. For 2021 only, CFA Institute added an additional window in August. Format: Computer-based. Vignettes/item sets with multiple choice or constructed response questions. Questions: Session 1: Constructed response (essay) format. 8–11 essay questions with multiple parts per question. Session 2: Item set format. Each item set will be followed by 4 or 6 multiple-choice questions. 44 total questions Each session is approximately 2 hours and 15 minutes long Our Level III study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level III > 2022 Level III >
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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 August 2021 Registration and Exam Dates Level I August Computer-Based Exam Dates: 13 – 30 August 2021 Registration opens: 20 August 2020 Scheduling opens: 3 November 2020 Early registration deadline: 2 February 2021 Registration closes: 22 April 2021 Scheduling deadline: 28 May 2021 Re-scheduling deadline: 24 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: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 16 October 2021 Register for the CFA Exam > February 2022 Registration and Exam Dates Level I February Computer-Based Exam Dates: 15 – 21 February 2022 Registration and scheduling windows open: 13 May 2021 Early registration deadline: 10 August 2021 Registration closes: 1 November 2021 Scheduling deadline: 17 November 2021 Re-scheduling deadline: 15 January 2022 Register for the CFA Exam > May 2022 Registration and Exam Dates Level I May Computer-Based Exam Dates: 17 – 23 May 2022 Registration and scheduling windows open: 20 July 2021 Early registration deadline: 1 November 2021 Registration closes: 1 February 2022 Scheduling deadline: 16 February 2022 Re-scheduling deadline: 16 April 2022 Register for the CFA Exam > Exam Format Level I Format: Computer-based and multiple-choice Questions: 180 equally weighted questions Session 1: 90 questions Session 2: 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 > 2022 Level I > Level II 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: 22 April 2021 Scheduling deadline: 28 May 2021 Re-scheduling deadline: 31 July 2021 Register for the CFA Exam > November 2021 Registration and Exam Dates Level II November Computer-Based Exam Dates: 26 – 30 November 2021 Registration opens: 2 February 2021 Early registration deadline: 4 May 2021 Registration closes: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 26 October 2021 Register for the CFA Exam > February 2022 Registration and Exam Dates Level II February Computer-Based Exam Dates: 22 – 26 February 2022 Registration and scheduling windows open: 13 May 2021 Early registration deadline: 10 August 2021 Registration closes: 1 November 2021 Scheduling deadline: 17 November 2021 Re-scheduling deadline: 22 January 2022 Register for the CFA Exam > Exam Format In 2022, there will be two Level II exam windows — February and August. For 2021 only, the exam windows are August and November. Format: Computer-based, multiple-choice questions using item sets or “mini-cases.” Each item set contains a vignette (with an average length of 1.5 pages). Each item set will be followed by 4 or 6 multiple-choice questions. Questions: 88 equally weighted multiple-choice questions Session 1: 44 multiple-choice questions Session 2: 44 multiple-choice questions Each session is approximately 2 hours and 15 minutes long Our Level II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level II > 2022 Level II > Level III August 2021 Registration and Exam Dates Level III August Computer-Based Exam Dates: 1 – 8 September 2021 Registration closes: 22 April 2021 Scheduling deadline: 28 May 2021 Rescheduling deadline: 1 August 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: 20 July 2021 Scheduling deadline: 15 August 2021 Re-scheduling deadline: 23 October 2021 Register for the CFA Exam > May 2022 Registration and Exam Dates Level III May Computer-Based Exam Dates: 24 – 26 May 2022 Registration and scheduling windows open: 20 July 2021 Early registration deadline: 1 November 2021 Registration closes: 1 February 2022 Scheduling deadline: 16 February 2022 Re-scheduling deadline: 23 April 2022 Register for the CFA Exam > Exam Format In 2022, there will be two Level III exam windows — May and November. For 2021 only, CFA Institute added an additional window in August. Format: Computer-based. Vignettes/item sets with multiple choice or constructed response questions. Questions: Session 1: Constructed response (essay) format. 8–11 essay questions with multiple parts per question. Session 2: Item set format. Each item set will be followed by 4 or 6 multiple-choice questions. 44 total questions Each session is approximately 2 hours and 15 minutes long Our Level III study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2021 Level III > 2022 Level III >
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