The CFA Program is a globally recognized, graduate-level curriculum that provides a strong foundation in real-world investment analysis and portfolio management skills.
Knowledge & Comprehension
Introduces tools and concepts related to investment valuation and portfolio management, as well as analysis of investments and professional standards.
240 multiple choice questions in two 2.25-hour sessions
Application & Analysis
Focuses on the valuation of all types of assets and emphasizes the application of investment tools and concepts with a focus on valuing assets and applying portfolio management concepts.
21 item set questions in two 2.25-hour sessions
Synthesis & Evaluation
Focuses on synthesizing all concepts and analytical methods in portfolio management and wealth planning. Candidates must demonstrate ability to manage portfolios to meet client objectives.
8-12 constructed response essays + 8 item sets in two 2.25-hour sessions
Recognized and respected by employers in more than 160 countries around the world
900+ hours of study per level, covering 10 topic areas in depth
Emphasis on the CFA Institute Code of Ethics and Standards of Professional Conduct
The CFA curriculum is divided into 10 topic areas across all three levels
Important dates and costs for the 2023-2024 exam cycle
Level I: $940
Level II & III: $1,050
Includes registration and curriculum eBook
Level I: $1,250
Level II & III: $1,350
Level I: $1,550
Level II & III: $1,650
| Additional Fees | Cost |
|---|---|
| One-time program enrollment fee | $350 |
| Physical curriculum (optional) | $150 + shipping |
| Practice exam bundle | $299 |
| Deferral fee | $399 |
| Rescheduling fee NEW | $250 |
2024 CFA exam windows and test center locations
Level I Only
Test window: Feb 15-25, 2024
Results available: Apr 9, 2024
Level I, II & III
Test window: May 15-25, 2024
Results available: Jul 9, 2024
Level I, II & III
Test window: Aug 20-30, 2024
Results available: Oct 15, 2024
Javits Convention Center
429 11th Ave, New York, NY 10001
Capacity: High
Los Angeles Convention Center
1201 S Figueroa St, Los Angeles, CA 90015
Capacity: Medium
McCormick Place
2301 S King Dr, Chicago, IL 60616
Capacity: High