For example, a Level I candidate who takes the February administration and does not pass may not sit again until the August administration. Candidates will have a total of six maximum attempts per exam level. Candidates are permitted to take the exam a maximum of two times per calendar year (when applicable), but not in consecutive windows or windows that are six months or less apart. We are committed to maintaining the rigor of the exam and the candidate experience. Invoicing is available for computer-based exams during early registration period only. An enrollment fee must be paid prior to registering for the Level I exam for the first time. Fees and deadlines will be published on the CFA Institute website.

Registration deadlines will apply to all levels of candidates registering for the exam for the first time. Registration Deadlines, Fees, and Invoicing Option Candidates will have the same average time per question that they had under paper-based testing. CFA Institute invested in independent psychometric research which clearly showed that a shorter exam would not affect our ability to reliably determine who has demonstrated the required competency to pass the exam. With the transition to computer-based testing, CFA Institute implemented a change in exam length. Learn how hardware/software at the test centers may impact your exam-day experience. Just as before, the calculator must be either the Texas Instruments BA II Plus or the Hewlett Packard 12C. Candidates will be provided with writing materials to use during CBT exams, and you will still be allowed to bring a calculator to the exam center. Each test center will closely monitor candidates for cheating in any form.

For Level II in May, August, and NovemberĮxams will be delivered in proctored exam centers with robust security measures in place.

For Level II in February, August, and NovemberĮxam administrations in 2023 will set the standard CFA exam cadence, and will be offered:.For Level I in February, May, August, and November.View our scheduling tool instruction sheet (PDF). If you do not receive a confirmed date and time, you are not yet successfully scheduled for an exam. You must complete this step by the scheduling deadline. This will take you to the Prometric scheduling tool where you will be presented with available testing centers with dates and times.

Step 2: After you complete the registration process and your payment is processed, you will see the “schedule your exam” option in your CFA Program tile.

Step 1: Enroll in the CFA exam through the CFA website.

Registering for your CFA exam is a two-step process. All CFA exams are administered through computer-based testing.

Cfa level 2 formula sheet pdf