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CFA Exam May 2024 Level 1, 2, 3 - Dates (Out), Registration (Open), Syllabus, Preparation Tips
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About CFA Exam 2024
CFA Exam 2024: The Chartered Financial Analyst Institute conducts CFA exams throughout the year in different windows for all the three levels. The CFA exams are held in online mode. The institute announces the CFA exam dates on its official website - cfainstitute.org. The upcoming CFA level 1 May 2024 will be held from May 15-21, 2024. CFA level II May 2024 exam would be held from May 22-26, 2024. The upcoming CFA level III August 2024 would be held from August 16-19, 2024.
CFA level 1 exams are conducted four times a year in February, May, August, November. CFA level 2 exams are conducted three times a year in May, August, and November. CFA level 3 exams are conducted twice year in the months of February and August. Currently CFA level 1 registrations are open for August 2024 session till May 14, 2024 and November 2024 session till August 7, 2024. CFA level II August 2024 registration is open till May 14, 2024 while the November 2024 registrations are open till August 7, 2024. The CFA level 3 August 2024 registrations are open till May 14, 2024.
Around 40,000 candidates appear in CFA from India every year according to the institute. Registrations for CFA course remain open throughout the year, however, candidates are required to schedule their test only after completing the required hours of study.
What is CFA?
The Chartered Financial Analyst (CFA) program is offered by the CFA Institute for students and working professionals interested in the investment management profession. The CFA programme is divided into three levels - CFA Level 1, CFA Level 2 and CFA Level 3. CFA Institute conducts separate exams for the three levels in different time windows, multiple times a year. The exams are conducted in online mode at designated exam centres. Aspiring candidates who meet the eligibility requirements must complete CFA online registration and schedule their exams before the deadline to appear for a particular level. The CFA exam results are typically announced five to seven weeks after the exam.
CFA Exam - Course Overview
Each level of CFA has certain subjects that candidates need to study. Each level of the CFA program focuses on investment tools, wealth planning, portfolio management and asset valuation. Usually, students are recommended to give at least 300 hours to each level of the CFA program. Candidates who complete the CFA course and meet the 4,000 hours of work experience requirement can join the institute as a regular member. On completion, the charter holders get the right to use the CFA designation and are accepted by the CFA Institute.
CFA Charterholders can apply to work in senior and executive positions in the areas of investment management, asset and risk management, and banking sectors.
CFA Exams 2024 - Highlights
Particulars | CFA Level 1 | CFA Level 2 | CFA Level 3 |
---|---|---|---|
Frequency of exams | Four times a year | Three times in a year | Twice a year |
Eligibility | Meet the CFA eligibility requirements | Pass Level I CFA exam | Pass Level II CFA exam |
Question types | MCQs only | Vignette-supported MCQs | Descriptive-type essay questions and MCQs |
Availability of result | 60 days after exam | 60 days after exam | 90 days after exam |
10-year average pass percentage | 41% | 45% | 52% |
How to become a CFA Charter holder
Becoming a CFA Charterholder can be a defining moment for a finance professional given the value and importance of CFA. Here is a detailed look into the steps to become a CFA charter holder.
- Pass CFA Exams: CFA is a three part exam with three levels - CFA Level 1, Level 2 and Level 3. It is a mandatory requirement to pass all three CFA exams along with the applicable practical skills modules.
- Get the Qualified Work Experience: CFA program requires candidates to complete 4,000 hours of work experience to become a charter holder. Candidates can complete the specified work experience before, during or after the participating in CFA program. Work experience of aspirants should be directly related to the investment decision-making process or creating a work product that adds value to the process.
- Submit Reference Letters: Professionals looking to get CFA membership will also have to submit 2-3 professional references along with their work experience. The professional references will be asked to comment on the work experience and professional character of the applicants.
- Apply for CFA Charter Holder: After completing all the above three steps, professionals can apply to become a CFA charter holder. The application of candidates will be reviewed and once approved, candidates will have earned their CFA charter holder.
CFA Course Fees
The CFA course fees includes various components such as enrolment fee, registration fee, rescheduling fee and The total cost of CFA course is around 3.80 lakhs. Candidates can also purchase study materials provided by the institute. The CFA Institute also partners with exam prep providers to provide training learning resources to students.
CFA Fees
Fee Component | CFA level 1 | CFA level 2 | CFA level 3 |
---|---|---|---|
Enrolment fee | USD 350 | Nil | Nil |
Early registration fee | USD 940 | USD 940 | USD 940 |
Standard registration fee | USD 1250 | USD 1250 | USD 1250 |
Exam scheduling fee | Nil | Nil | Nil |
Exam rescheduling fee | USD 250 | USD 250 | USD 250 |
CFA Historical Pass Percentage Statistics
CFA Year | Candidates Total | % Pass | Total | LEVEL Pass | I | Fail | % Pass | Total | LEVEL Pass | II | Fail | % Pass | Total | LEVEL Pass | III | Fail | % Pass |
1963 | 284 | 94% | - | - | - | 0% | - | - | - | 0% | 284 | 268 | 16 | 94% | |||
1964 | 1,732 | 84% | 1,241 | 986 | 255 | 79% | 302 | 283 | 19 | 94% | 189 | 179 | 10 | 95% | |||
1965 | 1,993 | 83% | 767 | 649 | 118 | 85% | 865 | 678 | 187 | 78% | 361 | 329 | 32 | 91% | |||
1966 | 2,010 | 75% | 621 | 481 | 140 | 77% | 708 | 469 | 239 | 66% | 681 | 563 | 118 | 83% | |||
1967 | 1,693 | 83% | 594 | 423 | 171 | 71% | 556 | 496 | 60 | 89% | 543 | 491 | 52 | 90% | |||
1968 | 1,579 | 73% | 592 | 412 | 180 | 70% | 447 | 334 | 113 | 75% | 540 | 414 | 126 | 77% | |||
1969 | 1,316 | 74% | 556 | 409 | 147 | 74% | 413 | 322 | 91 | 78% | 347 | 237 | 110 | 68% | |||
1970 | 1,409 | 67% | 644 | 424 | 220 | 66% | 372 | 285 | 87 | 77% | 393 | 238 | 155 | 61% | |||
1971 | 1,458 | 69% | 755 | 464 | 291 | 61% | 341 | 253 | 88 | 74% | 362 | 288 | 74 | 80% | |||
1972 | 1,486 | 70% | 731 | 466 | 265 | 64% | 461 | 354 | 107 | 77% | 294 | 214 | 80 | 73% | |||
1973 | 1,630 | 60% | 721 | 432 | 289 | 60% | 565 | 324 | 241 | 57% | 344 | 222 | 122 | 65% | |||
1974 | 1,797 | 74% | 862 | 604 | 258 | 70% | 511 | 377 | 134 | 74% | 424 | 355 | 69 | 84% | |||
1975 | 1,841 | 75% | 808 | 568 | 240 | 70% | 563 | 421 | 142 | 75% | 470 | 393 | 77 | 84% | |||
1976 | 1,706 | 76% | 634 | 457 | 177 | 72% | 641 | 477 | 164 | 74% | 431 | 363 | 68 | 84% | |||
1977 | 1,993 | 74% | 667 | 421 | 246 | 63% | 632 | 510 | 122 | 81% | 694 | 540 | 154 | 78% | |||
1978 | 2,008 | 73% | 925 | 596 | 329 | 64% | 444 | 379 | 65 | 85% | 639 | 481 | 158 | 75% | |||
1979 | 1,876 | 76% | 824 | 522 | 302 | 63% | 550 | 460 | 90 | 84% | 502 | 441 | 61 | 88% | |||
1980 | 1,985 | 73% | 949 | 602 | 347 | 63% | 528 | 407 | 121 | 77% | 508 | 437 | 71 | 86% | |||
1981 | 2,253 | 71% | 1,107 | 677 | 430 | 61% | 684 | 580 | 104 | 85% | 462 | 340 | 122 | 74% | |||
1982 | 2,886 | 64% | 1,532 | 903 | 629 | 59% | 714 | 489 | 225 | 68% | 640 | 469 | 171 | 73% | |||
1983 | 3,243 | 65% | 1,655 | 1,082 | 573 | 65% | 978 | 637 | 341 | 65% | 610 | 392 | 218 | 64% | |||
1984 | 4,030 | 63% | 2,075 | 1,199 | 876 | 58% | 1,147 | 701 | 446 | 61% | 808 | 658 | 150 | 81% | |||
1985 | 4,285 | 67% | 2,186 | 1,317 | 869 | 60% | 1,309 | 965 | 344 | 74% | 790 | 579 | 211 | 73% | |||
1986 | 4,837 | 65% | 2,366 | 1,405 | 961 | 59% | 1,379 | 884 | 495 | 64% | 1,092 | 845 | 247 | 77% | |||
1987 | 5,702 | 62% | 3,095 | 1,782 | 1,313 | 58% | 1,555 | 995 | 560 | 64% | 1,052 | 755 | 297 | 72% | |||
1988 | 7,091 | 59% | 3,927 | 2,174 | 1,753 | 55% | 1,946 | 1,163 | 783 | 60% | 1,218 | 864 | 354 | 71% | |||
1989 | 8,064 | 62% | 4,149 | 2,237 | 1,912 | 54% | 2,484 | 1,590 | 894 | 64% | 1,431 | 1,133 | 298 | 79% | |||
1990 | 8,760 | 64% | 4,415 | 2,658 | 1,757 | 60% | 2,522 | 1,594 | 928 | 63% | 1,823 | 1,360 | 463 | 75% | |||
1991 | 9,868 | 62% | 4,950 | 3,087 | 1,863 | 62% | 3,002 | 1,618 | 1,384 | 54% | 1,916 | 1,436 | 480 | 75% | |||
1992 | 10,518 | 65% | 5,002 | 2,928 | 2,074 | 59% | 3,503 | 2,258 | 1,245 | 64% | 2,013 | 1,658 | 355 | 82% | |||
1993 | 12,809 | 59% | 6,588 | 3,616 | 2,972 | 55% | 3,679 | 2,061 | 1,618 | 56% | 2,542 | 1,936 | 606 | 76% | |||
1994 | 15,413 | 52% | 8,445 | 4,087 | 4,358 | 48% | 4,418 | 2,109 | 2,309 | 48% | 2,550 | 1,859 | 691 | 73% | |||
1995 | 19,517 | 52% | 11,341 | 5,750 | 5,591 | 51% | 5,518 | 2,535 | 2,983 | 46% | 2,658 | 1,860 | 798 | 70% | |||
1996 | 24,600 | 58% | 14,381 | 7,627 | 6,754 | 53% | 7,098 | 4,596 | 2,502 | 65% | 3,121 | 1,999 | 1,122 | 64% | |||
1997 | 30,642 | 55% | 16,833 | 8,847 | 7,986 | 53% | 8,493 | 5,011 | 3,482 | 59% | 5,316 | 3,119 | 2,197 | 59% | |||
1998 | 38,689 | 60% | 21,744 | 12,855 | 8,889 | 59% | 10,295 | 6,433 | 3,862 | 62% | 6,650 | 3,895 | 2,755 | 59% | |||
1999 | 45,143 | 60% | 23,199 | 14,757 | 8,442 | 64% | 13,496 | 7,329 | 6,167 | 54% | 8,448 | 5,015 | 3,433 | 59% | |||
2000 | 53,345 | 55% | 27,625 | 14,314 | 13,311 | 52% | 16,036 | 8,636 | 7,400 | 54% | 9,684 | 6,274 | 3,410 | 65% | |||
2001 | 65,707 | 54% | 36,317 | 17,726 | 18,591 | 49% | 17,897 | 8,322 | 9,575 | 46% | 11,493 | 9,410 | 2,083 | 82% | |||
2002 | 76,231 | 47% | 43,882 | 19,106 | 24,776 | 44% | 22,163 | 10,418 | 11,745 | 47% | 10,186 | 5,924 | 4,262 | 58% | |||
2003A | 67,279 | 49% | 32,027 | 13,478 | 18,549 | 42% | 22,232 | 10,432 | 11,800 | 47% | 13,020 | 8,816 | 4,204 | 68% | |||
2003B | 20,657 | 40% | 20,657 | 8,214 | 12,443 | 40% | - | ||||||||||
2004A | 61,559 | 40% | 24,211 | 8,262 | 15,949 | 34% | 23,896 | 7,649 | 16,247 | 32% | 13,452 | 8,669 | 4,783 | 64% | |||
2004B | 19,566 | 36% | 19,566 | 7,128 | 12,438 | 36% | - | ||||||||||
2005A | 58,908 | 48% | 22,915 | 8,138 | 14,777 | 36% | 24,891 | 13,938 | 10,953 | 56% | 11,102 | 6,083 | 5,019 | 55% | |||
2005B | 21,127 | 34% | 21,127 | 7,276 | 13,851 | 34% | - | ||||||||||
2006A | 63,249 | 52% | 26,467 | 10,602 | 15,865 | 40% | 20,499 | 9,751 | 10,748 | 48% | 16,283 | 12,314 | 3,969 | 76% | |||
2006B | 28,082 | 39% | 28,082 | 10,905 | 17,177 | 39% | - | ||||||||||
2007A | 71,897 | 42% | 33,599 | 13,294 | 20,305 | 40% | 25,521 | 10,156 | 15,365 | 40% | 12,777 | 6,399 | 6,378 | 50% | |||
2007B | 37,573 | 39% | 37,573 | 14,831 | 22,742 | 39% | - | ||||||||||
2008A | 92,081 | 42% | 44,063 | 15,311 | 28,752 | 35% | 33,449 | 15,243 | 18,206 | 46% | 14,569 | 7,720 | 6,849 | 53% | |||
2008B | 49,797 | 35% | 49,797 | 17,612 | 32,185 | 35% | - | ||||||||||
2009A | 104,116 | 45% | 45,682 | 21,034 | 24,648 | 46% | 38,998 | 15,892 | 23,106 | 41% | 19,436 | 9,597 | 9,839 | 49% | |||
2009B | 44,209 | 34% | 44,209 | 14,884 | 29,325 | 34% | - | ||||||||||
2010A | 111,731 | 42% | 46,863 | 19,656 | 27,207 | 42% | 43,406 | 16,995 | 26,411 | 39% | 21,462 | 9,881 | 11,581 | 46% | |||
2010B | 46,785 | 36% | 46,785 | 17,009 | 29,776 | 36% | - | ||||||||||
2011A | 115,027 | 43% | 48,068 | 18,881 | 29,187 | 39% | 44,175 | 19,009 | 25,166 | 43% | 22,784 | 11,567 | 11,217 | 51% | |||
2011B | 49,380 | 38% | 49,380 | 18,736 | 30,644 | 38% | - | ||||||||||
2012A | 119,446 | 43% | 49,445 | 18,968 | 30,477 | 38% | 45,247 | 19,194 | 26,053 | 42% | 24,754 | 12,870 | 11,884 | 52% | |||
2012B | 48,981 | 37% | 48,981 | 18,106 | 30,875 | 37% | - | ||||||||||
2013A | 118,142 | 42% | 47,502 | 18,078 | 29,424 | 38% | 44,874 | 19,311 | 25,563 | 43% | 25,766 | 12,607 | 13,159 | 49% | |||
2013B | 45,693 | 43% | 45,693 | 19,469 | 26,224 | 43% | - | ||||||||||
2014A | 118,683 | 46% | 47,005 | 19,592 | 27,413 | 42% | 44,796 | 20,644 | 24,152 | 46% | 26,882 | 14,535 | 12,347 | 54% | |||
2014B | 47,175 | 44% | 47,175 | 20,589 | 26,586 | 44% | - | ||||||||||
2015A | 125,443 | 46% | 51,134 | 21,303 | 29,831 | 42% | 46,841 | 21,509 | 25,332 | 46% | 27,468 | 14,664 | 12,804 | 53% | |||
2015B | 52,315 | 43% | 52,315 | 22,274 | 30,041 | 43% | - | ||||||||||
2016A | 137,791 | 46% | 58,677 | 25,093 | 33,584 | 43% | 50,230 | 23,321 | 26,909 | 46% | 28,884 | 15,606 | 13,278 | 54% | |||
2016B | 59,627 | 43% | 59,627 | 25,807 | 33,820 | 43% | - | ||||||||||
2017A | 151,853 | 47% | 63,283 | 27,158 | 36,125 | 43% | 56,939 | 26,919 | 30,020 | 47% | 31,631 | 17,173 | 14,458 | 54% | |||
2017B | 68,086 | 43% | 68,086 | 29,583 | 38,503 | 43% | - | ||||||||||
2018A | 179,241 | 46% | 79,507 | 34,547 | 44,960 | 43% | 64,216 | 28,872 | 35,344 | 45% | 35,518 | 19,920 | 15,598 | 56% | |||
2018B | 77,245 | 45% | 77,245 | 34,651 | 42,594 | 45% | - | ||||||||||
2019A | 196,768 | 45% | 83,656 | 34,585 | 49,071 | 41% | 74,735 | 32,954 | 41,781 | 44% | 38,377 | 21,380 | 16,997 | 56% | |||
2019B | 73,688 | 42% | 73,688 | 30,628 | 43,060 | 42% | - | ||||||||||
2020B | 55,678 | 52% | 26,212 | 12,806 | 13,406 | 49% | 18,136 | 10,025 | 8,111 | 55% | 11,330 | 6,290 | 5,040 | 56% | |||
2021 February | 28,683 | 44% | 28,683 | 12,510 | 16,173 | 44% | - | ||||||||||
2021 May | 80,674 | 36% | 26,005 | 6,506 | 19,499 | 25% | 33,066 | 13,300 | 19,766 | 40% | 21,603 | 9,088 | 12,515 | 42% | |||
2021 July | 28,849 | 22% | 28,849 | 6,468 | 22,381 | 22% | - | ||||||||||
2021 August | 29,360 | 29% | 16,026 | 4,211 | 11,815 | 26% | 10,565 | 3,064 | 7,501 | 29% | 2,769 | 1,169 | 1,600 | 42% | |||
2021 November | 62,403 | 37% | 28,170 | 7,607 | 20,563 | 27% | 18,047 | 8,290 | 9,757 | 46% | 16,186 | 6,989 | 9,197 | 43% | |||
2022 February | 30,691 | 39% | 18,992 | 6,801 | 12,191 | 36% | 11,699 | 5,132 | 6,567 | 44% | - | ||||||
2022 May | 31,787 | 42% | 19,403 | 7,315 | 12,088 | 38% | - | 12,384 | 6,047 | 6,337 | 49% | ||||||
2022 August | 45,087 | 41% | 19,103 | 7,032 | 12,071 | 37% | 15,608 | 6,317 | 9,291 | 40% | 10,376 | 5,032 | 5,344 | 48% | |||
2022 November | 37,250 | 38% | 24,937 | 8,932 | 16,005 | 36% | 12,313 | 5,382 | 6,931 | 44% | - | ||||||
2023 February | 31,817 | 43% | 16,959 | 6,441 | 10,518 | 38% | - | 14,858 | 7,102 | 7,756 | 48% | ||||||
2023 May | 39,247 | 44% | 23,352 | 9,042 | 14,310 | 39% | 15,895 | 8,291 | 7,604 | 52% | - | ||||||
2023 August | 48,398 | 42% | 23,289 | 8,713 | 14,576 | 37% | 9,074 | 3,999 | 5,075 | 44% | 16,035 | 7,585 | 8,450 | 47% | |||
2023 November | 43,538 | 38% | 28,953 | 10,104 | 18,849 | 35% | 14,585 | 6,377 | 8,208 | 44% | - | ||||||
2024 February | 30,551 | 46% | 16,932 | 7,415 | 9,517 | 44% | - | 13,619 | 6,734 | 6,885 | 49% | ||||||
1963-2024 | 3,790,642 | 45% | 2,199,660 | 906,635 | 1,293,025 | 41% | 1,003,148 | 459,719 | 543,429 | 46% | 587,834 | 324,070 | 263,764 | 55% |
CFA Exam 2024 Highlights
Full Exam Name | Chartered Financial Analyst Exam |
Short Exam Name | CFA Exam |
Conducting Body | CFA Institute |
Exam Level | National Level Exam |
Languages | English |
Mode of Application | Offline / Online |
Mode of Exam | Online |
CFA Exam 2024 Important Dates
CFA Exam Level 3 (Session 2024)
Upcoming Dates and Events
14 Nov, 2023 - 14 May, 2024
Application - August session | Mode: Online Ongoing
14 Nov, 2023 - 21 May, 2024
Slot Booking - August session - scheduling | Mode: Online Ongoing
17 Jul, 2024
Slot Booking - August session - rescheduling deadline - Start Date | Mode: Online
16 Aug, 2024 - 19 Aug, 2024
Exam - August session | Mode: Offline
Past Dates and Events
04 Apr, 2024
Application - August session - deadline to register with invoice payment option - Start Date | Mode: Online
15 Feb, 2024 - 18 Feb, 2024
Exam - February session | Mode: Offline
23 Jan, 2024
Application - August session - early registration deadline - Start Date | Mode: Online
16 Jan, 2024
Slot Booking - February session - rescheduling deadline - Start Date | Mode: Online
21 Nov, 2023
Slot Booking - February session - scheduling deadline - Start Date | Mode: Online
08 Nov, 2023
Application - February session - last date - Start Date | Mode: Online
29 Sep, 2023
Application - February session - deadline to register with invoice payment option - Start Date | Mode: Online
CFA Exam Level 1 (Session 2024)
Upcoming Dates and Events
14 Nov, 2023 - 14 May, 2024
Application - August session | Mode: Online Ongoing
15 May, 2024 - 21 May, 2024
Exam - May session | Mode: Offline
14 Nov, 2023 - 21 May, 2024
Slot Booking - August session - scheduling | Mode: Online Ongoing
28 Jun, 2024
Application - November session - deadline to register with invoice payment option - Start Date | Mode: Online
21 Jul, 2024
Slot Booking - August session - rescheduling deadline - Start Date | Mode: Online
08 Feb, 2024 - 07 Aug, 2024
Application - November session | Mode: Online Ongoing
08 Feb, 2024 - 13 Aug, 2024
Slot Booking - November session - scheduling | Mode: Online Ongoing
20 Aug, 2024 - 26 Aug, 2024
Exam - August session | Mode: Offline
14 Oct, 2024
Slot Booking - November session - rescheduling deadline - Start Date | Mode: Online
13 Nov, 2024 - 19 Nov, 2024
Exam - November session | Mode: Offline
Past Dates and Events
16 Apr, 2024
Application - November session - early registration deadline - Start Date | Mode: Online
15 Apr, 2024
Slot Booking - May session - rescheduling deadline - Start Date | Mode: Online
04 Apr, 2024
Application - August session - deadline to register with invoice payment option - Start Date | Mode: Online
19 Feb, 2024 - 25 Feb, 2024
Exam - February session | Mode: Offline
15 Aug, 2023 - 14 Feb, 2024
Slot Booking - May session - scheduling | Mode: Online
15 Aug, 2023 - 06 Feb, 2024
Application - May session | Mode: Online
23 Jan, 2024
Application - August session - early registration deadline - Start Date | Mode: Online
20 Jan, 2024
Slot Booking - February session - rescheduling deadline - Start Date | Mode: Online
28 Dec, 2023
Application - May session - deadline to register with invoice payment option - Start Date | Mode: Online
21 Nov, 2023
Slot Booking - February session - scheduling deadline - Start Date | Mode: Online
08 Nov, 2023
Application - February session - last date - Start Date | Mode: Online
12 Oct, 2023
Application - May session - early registration deadline - Start Date | Mode: Online
29 Sep, 2023
Application - February session - deadline to register with invoice payment option - Start Date | Mode: Online
CFA Exam Level 2 (Session 2024)
Upcoming Dates and Events
14 Nov, 2023 - 14 May, 2024
Application - August session | Mode: Online Ongoing
14 Nov, 2023 - 21 May, 2024
Slot Booking - August session - scheduling | Mode: Online Ongoing
22 May, 2024 - 26 May, 2024
Exam - May session | Mode: Offline
28 Jun, 2024
Application - November session - deadline to register with invoice payment option - Start Date | Mode: Online
28 Jul, 2024
Slot Booking - August session - rescheduling deadline - Start Date | Mode: Online
08 Feb, 2024 - 07 Aug, 2024
Application - November session | Mode: Online Ongoing
08 Feb, 2024 - 13 Aug, 2024
Slot Booking - November session - scheduling | Mode: Online Ongoing
27 Aug, 2024 - 31 Aug, 2024
Exam - August session | Mode: Offline
21 Oct, 2024
Slot Booking - November session - rescheduling deadline - Start Date | Mode: Offline
20 Nov, 2024 - 24 Nov, 2024
Exam - November session | Mode: Online
Past Dates and Events
22 Apr, 2024
Slot Booking - May session - rescheduling deadline - Start Date | Mode: Online
16 Apr, 2024
Application - November session - early registration deadline - Start Date | Mode: Online
04 Apr, 2024
Application - August session - deadline to register with invoice payment option - Start Date | Mode: Online
15 Aug, 2023 - 14 Feb, 2024
Slot Booking - May session - scheduling | Mode: Online
15 Aug, 2023 - 06 Feb, 2024
Application - May session | Mode: Online
23 Jan, 2024
Application - August session - early registration deadline - Start Date | Mode: Online
28 Dec, 2023
Application - May session - deadline to register with invoice payment option - Start Date | Mode: Online
12 Oct, 2023
Application - May session - early registration deadline - Start Date | Mode: Online
CFA Exam 2024 Eligibility Criteria
CFA Exam Level 1 Eligibility Criteria
As the commencing step of the CFA course, candidates need to meet the eligibility criteria of the first level in order to register themselves for this exam. Some of the major prerequisites for CFA level 1 exam are:
- The candidate must have completed their undergraduate degree and those who are in the final year of their graduation are also eligible.
- 4 years of work experience in a finance-related career profile or a combination of their university education as well as employment should be a total of four years.
- The candidate needs to submit more than two reference letters from reputed and established professionals in the Finance and Investment industry.
- Candidate must have a valid international passport.
- Candidates must be prepared to take exams in English.
CFA Exam Level 2 Eligibility Criteria
Candidates should properly check the CFA level 2 eligibility criteria before registering themselves for the exam. Listed below are the prerequisites to appear for the CFA Level 2 exam:
The candidates must hold a Bachelor's degree or equivalent from a recognized university or an Institute.
Candidates must have a valid international travel passport.
Candidates must submit a “Professional Conduct Statement Form”.
Candidates must have a combination of 4000 hours of work experience and/ or higher education. Dates of professional work experience and education should not be overlapping.
CFA Exam Level 3 Eligibility Criteria
Candidates before registering for CFA level 3 exams should know about the eligibility criteria to enroll in the programme. The eligibility requirements for CFA level 3 2024 has been given below:
Candidates should have passed both CFA level 1 and CFA level 2 before CFA level 3 registration
Candidates should have a bachelor’s degree from any recognized university/ college
Should have a combination of higher education (acquired in at least 4 years) and/or work experience (4000 hours)
A valid international passport is mandatory
Proficiency in English
Mode of Application : Online and Offline
Mode of Payment : Net Banking | Credit Card | Debit Card | NEFT | Other
The Chartered Financial Analyst Institute keeps the CFA registration window open throughout the year. Candidates can register for the CFA course online from its official website - cfainstitute.org. The CFA level 1 exams are held four times - in February, May, August, and November. The CFA level 2 exams are held three times in May, August and November. The CFA level 3 exams are held twice in February and August.
CFA Exam Registration Dates 2024
Session | CFA level 1 | CFA level 2 | CFA level 3 |
---|---|---|---|
February 2024 | May 16-November 8, 2023 | - | May 16-November 8, 2023 |
May 2024 | August 15, 2023 - February 6, 2024 | August 15, 2023 - February 6, 2024 | - |
August 2024 | November 14, 2023- May 14, 2024 | November 14, 2023- May 14, 2024 | November 14, 2023- May 14, 2024 |
November 2024 | February 8, 2024 - August 7, 2024 | February 8, 2024 - August 7, 2024 | - |
Candidates to appear for the exams must fill out the application forms before the last date. Steps to complete the application process is given below:
Login to CFA Institute’s official website
Select level of CFA exam and proceed further
Now fill all the details in the registration form
Select the location of your employer, or occupation, or level of education.
Lastly, pay the required fees to complete the application process
CFA Prep providers offer candidates a wide variety of learning services including, video content, summarized curriculum, updated printed versions of the curriculum, and more. CFA Institute also releases its own practice packs that comprise past session papers. These practice papers are chargeable and there are different price points for CFA levels. CFA Institute also releases a list of CFA Prep Providers, which candidates can consider for their exam preparation. Only those prep providers listed on the CFA's website are permitted to use the Learning Outcome Statements (LOS). Some of the prep providers listed on the website of CFA Institute are given below:
- Analyst Prep
- Aswini Bajaj
- Bloomberg Exam Prep,
- Chalk & Board
- EdgeEducation
- BPP Professional Education
- EduPristine
- FinTree Education
- Fitch Learning
CFA Practice Questions
CFA Institute releases different types of practice questions to help students with their preparation. Students can take help of the CFA practice questions pack to evaluate their topic wise strengths and weaknesses. CFA practice questions are prepared from the curriculum of each level. The questions are also in the same format as the actual exam. CFA also offers a paid Practice pack for students to assist their preparations for each of the CFA levels.
CFA Mock Exam
Apart from the practice questions, CFA Institute also releases the CFA mock exam for students. The mock exams of CFA Level 1, 2 and 3 have been designed to help students understand the timing and structure of the actual exam. The CFA mock exam 2023 will give students the look and feel of the real exams. Each of the CFA mock exam will carry the same topic-wise weightage and level of difficulty as the actual exam.
What is CFA Learning Ecosystem
The CFA Institute Learning Ecosystem is a customized online learning program that helps students in 'engaging, efficient and effective' preparation. The learning ecosystem of CFA Institute comprises of various learning resources for students preparing for the exams. As part of the CFA Learning Ecosystem, candidates get access to the CFA Practice Pack. The CFA Level 1 Practice Pack will comprise of the following things:
- Five exam-quality mock exams made accessible through CFA Institute Learning Ecosystem.
- One additional mock exam through online Prometric platform.
- 1,000 extra practice questions made available through CFA Institute Learning Ecosystem.
- Access to CFA Level 1 Curriculum PDF files
CFA Exam 2024 Exam Pattern
CFA Exam Level 1 Exam Pattern
CFA aspirants must be acquainted with the CFA exam pattern as it will give them useful insights on how the exam will be conducted. Candidates registering for the CFA Level 1 exam can check the given table to have a better understanding of the CFA exam pattern:
Particulars | Details |
Frequency of the exam | Four times - February, May, August, and November |
Exam level | Post graduate |
Question format | Multiple choice questions |
No. of questions asked | Total 180 MCQs Session 1 - 90 MCQs Session 2 - 90 MCQs |
Time duration of CFA® Level 1 exam | Total 4.5 hours |
Sessions | Split into two sessions - each of 2 hours, 15 minutes |
Medium of exam | English |
Marking scheme | No negative markings |
CFA Exam Level 2 Exam Pattern
Before starting the preparation for CFA Level 2 exam, candidates must check the exam pattern and then formulate their study plan accordingly. The exam pattern for CFA level 2 exams has been given below:
CFA level 2 2023 exam pattern
Particulars | Details |
Frequency of the exam | Thrice - February, August and November |
Exam level | Postgraduate |
Question format | Vignette-supported multiple-choice questions |
No. of questions asked | 88 |
Time duration of CFA® Level 2 exam | 4 hours and 24 minutes (will be divided in two sessions) |
Sessions | 2 hours and 12 minutes (each) |
Medium of exam | English |
Marking scheme | Each question is worth 3 points |
CFA Exam Level 3 Exam Pattern
The exam pattern guide candidates on major CFA level 3 exam details such as how the exam will be conducted, number of questions asked, overall time duration of CFA Level 3 exam, marking scheme etc., By knowing these details, candidates can devise a proper preparation strategy and score good marks.
Exam pattern CFA level 2
Particulars | Details |
Frequency of the exam | Twice - May and August |
Exam level | Postgraduate |
Question format | Vignette-supported Easy questions Multiple choice questions |
Time duration of CFA® Level 3 exam | 4 hours and 24 minutes |
Sessions (2) | 2 hours and 12 minutes (each) |
Medium of exam | English |
Marking scheme | Each question is worth 3 points |
Marking scheme | Each question is worth 3 points |
CFA Exam 2024 Admit Card
CFA Exam Level 1 Admit Card
The Chartered Financial Analyst (CFA) will release the admit card for CFA Level 1 exam to successfully registered candidates on their official website cfainstitute.org. The candidates will be notified on their registered email address or mobile number whenever the ticket is released. The candidates need to register themselves on the official website and then log in to download their CFA Level 1 Admission Ticket. Before viewing their tickets, the candidates are asked to read and agree to conditions, requirements, policies, and procedures of the exam. The admit card of CFA Level 1 is necessary for permission of entry into their respective exam centre.
CFA Exam Level 2 Admit Card
The Chartered Financial Analyst® Institute will release the CFA Level 2 Admission Ticket on its official website 60 days before the CFA Level 2 exam. Candidates can follow the below mentioned steps to download the admit card for CFA level 2 exams:
Visit the official website of CFA institute
Click on the 'Login' button
Enter the login credentials, i.e. Email ID and Password
The admit card will appear on the screen
Candidates must download and take a printout of the same for future use
CFA Exam Level 3 Admit Card
The admit card for CFA level 3 exams will be released on the official website. Candidates can access their admit card by logging in with their email ID and password. Follow the steps mentioned below to know how to download the CFA 2024 level 3 exams admit card:
Visit the official website of CFA institute
Click on the 'Login' button
Enter the login credentials, i.e. Email ID and Password
The admit card will appear on the screen
Candidates must download and take a printout of the same for future use
CFA Exam 2024 Exam Centers
State | City |
---|---|
Gujarat | Ahmedabad |
Surat | |
Karnataka | Bangalore |
Madhya Pradesh | Bhopal |
Indore | |
Odisha | Bhubaneshwar |
West Bengal | Calcutta |
Punjab | Chandigarh |
Tamil Nadu | Chennai |
Coimbatore | |
Assam | Guwahati |
Telangana | Hyderabad |
Rajasthan | Jaipur |
Kerala | Kochi |
Uttar Pradesh | Lucknow |
Noida | |
Maharashtra | Mumbai |
Nagpur | |
Pune | |
Delhi | New Delhi |
Chhattisgarh | Raipur |
Jharkhand | Ranchi |
Andhra Pradesh | Visakhapatnam |
Visakhapatnam(Vizag) |
Documents Required at Exam
CFA Exam Level 1 Documents Required
- Valid International Passport and Admission Ticket
CFA Exam Level 2 Documents Required
- Valid International Passport and Admission Ticket
CFA Exam Level 3 Documents Required
- Valid International Passport and Admission Ticket
CFA Exam 2024 Exam Analysis
CFA Exam Level 1 Exam Analysis
Candidates to prepare for CFA level 1 exam must dedicate approximately 303 hours of study. They should divide their time carefully to cover all the 10 topics of the curriculum before the CFA level 1 exam date. Candidates should have intense dedication and an effective study plan to pass the CFA level 1 exam. Some of the preparation tips for level 1 exam are:
Prepare well using the calculators to avoid last minute confusion.
Try to answer all the questions as there is no negative marking for wrong answers.
Understand the questions carefully, as if the question is based on U.S.GAAP, it will be stated in the question.
CFA Exam Level 2 Exam Analysis
Candidates need to put a lot of hard work and dedication to clear CFA Level 2 exam. Listed below are some of the tips and tricks candidates can follow to crack the exam:
Practice difficult questions and topics first as its difficulty level is high.
Candidates should increase their reading speed. The case studies questions can be of 1 or 2 pages and to sort the relevant points candidates should read it fast.
Understand the weightage of marks for each topic and then focus on topics having more weight.
Practice mock papers to increase speed and accuracy.
CFA Exam Level 3 Exam Analysis
Candidates after clearing CFA level 1 and level 2 exams must focus more on CFA level 3 exams. They can follow the simple tips given below to crack the CFA level 3 exam 2024:
Appear for mock tests to get practice for CFA level 3 exam before the exam day.
Answer all questions as there is no negative marking for wrong answers.
Be comfortable with your calculators.
Review the CFA exam calendar for key dates and to meet pre-exam deadlines
Learn to use the hardware/software before the exam to get a good experience on exam day.
CFA Exam 2024 Result
CFA Exam Level 1 Result
Level I CFA candidates are provided with a "pass" or "did not pass" message via email on the result date. The email will include the percentage of students who passed, and it will also provide a link to detailed information on the candidate's performance. The results will also be available on the CFA Institute website. Candidates can expect the CFA level 1 exam results within 60 days of the exam.
CFA level 1 pass percentage of previous years
CFA Institute releases the pass percentage after each exam window is conducted successfully. After each session of February, May, August and November exams, the subsequent pass percentage is declared along with the results. The table below shows pass percentage for consecutive sessions for previous years.
CFA Level 1 pass percentage
Session | Total Candidates | Passed Candidates | Failed Candidates | Pass Percentage |
---|---|---|---|---|
February 2024 | 16932 | 7415 | 9517 | 44% |
November 2023 | 28953 | 10104 | 18849 | 35% |
August 2023 | 23,289 | 8,713 | 14,576 | 37% |
May 2023 | 23,352 | 9,042 | 14,310 | 39% |
February 2023 | 16,959 | 6,441 | 10,518 | 38% |
November 2022 | 24,937 | 8,932 | 16,005 | 36% |
August 2022 | 19,103 | 7,032 | 12,071 | 37% |
May 2022 | 19,403 | 7,31 | 12,088 | 38% |
February 2022 | 18992 | 6801 | 12191 | 36% |
November 2021 | 28170 | 7607 | 20563 | 27% |
August 2021 | 16026 | 4211 | 11815 | 26% |
July 2021 | 28849 | 6468 | 22381 | 22% |
May 2021 | 26005 | 6506 | 19499 | 25% |
February 2021 | 28683 | 12510 | 16173 | 44% |
2020 | 26212 | 12806 | 13406 | 49% |
June 2019 | 83656 | 34585 | 49071 | 41% |
CFA Exam Level 2 Result
The Chartered Financial Analyst (CFA) Institute releases the result within 60 days after conducting the CFA level 2 exams. The result can be checked by candidates on the official website by logging into their CFA account. The CFA Institute also provides the results to candidates on their registered email address and phone number.
How to check the result -
- Step 1 - Login to the official website of CFA - www.cfainstitute.org
- Step 2 - Login to your account and click on the option “CFA level 2 result”
- Step 3 - Detailed CFA level 2 result will be displayed on the screen
- Step 4 - Download and print it for future reference
CFA level 2 pass percentage
The pass rate of CFA level II exams for August 2023 was 48 percent. The candidate may look at the pass rates from previous years to get a sense of the exam's complexity and competition and prepare accordingly.
CFA level 2 pass percentage of previous years
Session | Total Number of Students Appeared | Candidates Passed | Candidates Failed | Passing rate |
November 2023 | 14585 | 6377 | 8208 | 44% |
August 2023 | 9,074 | 3,999 | 5,074 | 44% |
May 2023 | 15,985 | 8,291 | 7,604 | 52% |
November 2022 | 12,313 | 5,382 | 6,931 | 44% |
August 2022 | 15,608 | 6,317 | 9,291 | 40% |
February 2022 | 11699 | 5132 | 6567 | 44% |
November 2021 | 18047 | 8290 | 9757 | 46% |
August 2021 | 10565 | 3064 | 7501 | 29% |
May 2021 | 33066 | 13300 | 19766 | 40% |
2020 | 18136 | 10025 | 8111 | 55% |
2019 | 74735 | 32954 | 41781 | 44% |
2018 | 64216 | 28872 | 35344 | 45% |
2017 | 56939 | 26919 | 30020 | 47% |
CFA Exam Level 3 Result
The result for Charted Financial Analyst (CFA) is graded as “pass” or “fail” along with their topic-wise performance. The CFA Institute also sends the CFA Level 3 result on the student’s registered email address. Candidates who pass the CFA level 2 exam automatically advance to the CFA level 3. Candidates can check their official result on the official website by following the steps given below:
Step 1- Visit the official website www.cfainsistute.org
Step 2- Click on the available result link
Step 3- Select the CFA level 3 course
Step 4- Login with valid credentials- email id and password when the result page appears on the screen
Step 5- Click on the download result CFA level 3 tab and the main result will appear on the screen.
Step 6- The candidate can download the result and take a printout for future reference.
CFA level 3 pass percentage
Candidates can look at the following years pass rates to understand the difficulty of the exam and the competition and prepare well.
CFA level 3 pass percentage of previous years
Session | Total no. of students appeared | Candidates passed | Candidates failed | Passing rate |
---|---|---|---|---|
February 2024 | 13619 | 6734 | 6885 | 49% |
August 2023 | 16035 | 7585 | 8450 | 47% |
February 2023 | 14,858 | 7,102 | 7,756 | 48% |
May 2022 | 12,384 | 6,047 | 6,337 | 49% |
November 2021 | 16186 | 6989 | 9197 | 43% |
August 2021 | 2769 | 1091 | 1678 | 39% |
May 2021 | 21603 | 9088 | 12515 | 42% |
2020 | 11330 | 6290 | 5040 | 56% |
2019 | 38377 | 21380 | 16997 | 56% |
2018 | 35518 | 19920 | 15598 | 56% |
2017 | 31631 | 17173 | 14458 | 54% |
2016 | 28884 | 15606 | 13278 | 54% |
General Information
Questions related to CFA Exam
how to clear CFA exam in first attempt
Hi,
Try preparing smartly and efficiently.
- Be very disciplined with your study schedule. The output is more when you give 2 hours daily for 7 days then 14 hours on only weekends (generally).
- Study with the sense of doing questions and clearing exams. It will help you to clear L1 but may prove harmful for L2 as it demands deep inter-topic clarity.
Just a tip, in case you have less time and you are good to grasp new concepts - try preparing from Schwezer Notes and Videos for Level 1. But for Level 2 and 3 you have to put in the required efforts.
It is not difficult to crack CFA Level 1 without coaching. You just go through the curriculum topics one by one and do practice a lot of questions. Also in case you do not have much time, you can go through Schwezer notes for Level 1 through and practice the papers on CFA website.
In case you do not understand any particular subject, there are coachings available for particular subjects. You can opt for that rather than going for all the subjects. Plus there are video lectures available which help a lot.
Hope this helps.
Good luck.
CFA exam curriculum book 2020 for level 1 is showing on the website of career360 but when I click on that its showing unavailable . Will you please send the link from which I could download the pdf version of CFA book for level 1 2020
Sorry to say but we now don't have that collection,you would be talking about this links given in this (https://finance.careers360.com/articles/cfa-level-1-study-material), you might now search fee materials on google,i am providing a name(soleadea.org) i am not sure whether it is a safe site or not,get on your own risk.
Thank you ,hope it might help you
what about CFA registration and fees payment , as CFA exam is an US exam. what will have to do ??
Hello Aspirant,
As you wanted to attempt cfa examination as it is a designation that certifies competence and integrity of financial analysts as the registration can be done from march 26 to August of 2nd week and registration fee is USD 650 with discount and it is fee for the level 1 and level two will be in December so work for it and get good certification and it can be done from online also for USD 450 so study well and work hard to get good marks and ALL THE BEST for your future and i think my suggestions and knowledge may be helpful to u.
I need to know about cfa part 1 exam details such as fees, registration date, syllabus,exam date, exam pattern,etc.
The Level1 CFA exam is conducted in two sessions each 3 hours long. It consists of 240 multiple choice questions in two sessions of 120 questions each.
When you register for the Level 1 CFA exam you will pay a one time enrollment fee of $450 USD.
Then you will have to pay an additional registration fee to sit for the exam at each of the three levels.
Depending on when you register, you can pay anywhere from $1950 to $4140 USD total to take all three levels assuming that you pass each exam the first time.
Add the $450 USD enrollment fee, and the total CFA exam fees range from $2440 to $4950 USD.
The CFA level 1 syllabus focuses on the basic knowledge of 10 topic areas and simple analysis using investment tools.
Based on the percentage of marks distributed there are 6 most important topics that you have to focus on.
- Financial reporting Analysis
- Ethics and professional standards.
- Quantative Analysis
- Equity Investment
- Economics
Cfa exam centre name in pune and mumbai
Hello Sumit,
CFA exam centres are only in 7 cities in India and Pune is not one of them, however, Mumbai has centre for this exam.
In Mumbai, the exam centre is Thakur college in Kandivali east.
Sometimes when the candidates are too many, the other centres may be Nesco Goregaon and also somewhere in Worli.
You can find these locations on the maps.
Hope this helps.