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About the CFA exam

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. Candidates have a total of six maximum attempts per exam level and can take as much time as needed to complete the program.

Registered for a CFA exam?

We’ve formulated an adaptive study program that works and adjusts for you. Select your level to get started.

Level I

Study Packages

Study packages contain everything you need to effectively prepare for the CFA® Level I exam. The exam tests knowledge and comprehension of investment tools and ethical and professional standards.

Level I

Study Tools

If you’re looking to pinpoint a specific area of your study, check out our individual CFA prep products. From concise books that break down the curriculum to thousands of realistic practice questions, exam-simulating mock exams

Level I

Exam Study Materials

When can you expect to receive your CFA exam prep materials? Locate your exam window to see when your study materials will be available.

Level II

Study Packages

Study packages contain everything you need to effectively prepare for the CFA® Level I exam. The exam tests knowledge and comprehension of investment tools and ethical and professional standards.

Level II

Study Tools

If you’re looking to pinpoint a specific area of your study, check out our individual CFA prep products. From concise books that break down the curriculum to thousands of realistic practice questions, exam-simulating mock exams

Level II

Exam Study Materials

When can you expect to receive your CFA exam prep materials? Locate your exam window to see when your study materials will be available.

Level III

Study Packages

Study packages contain everything you need to effectively prepare for the CFA® Level I exam. The exam tests knowledge and comprehension of investment tools and ethical and professional standards.

Level III

Study Tools

If you’re looking to pinpoint a specific area of your study, check out our individual CFA prep products. From concise books that break down the curriculum to thousands of realistic practice questions, exam-simulating mock exams

Level III

Exam Study Materials

When can you expect to receive your CFA exam prep materials? Locate your exam window to see when your study materials will be available.

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Become a CFA charterholder

Earning the CFA charter demonstrates your mastery of a broad range of practical portfolio management and advanced investment analysis skills. Although passing the CFA Program exam is a challenge, you will set yourself apart from the competition and open new doors in today’s global financial industry.

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