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CFA Exam 2024 Level 1, 2, 3 - Dates (Out), Registration (Open), Syllabus, Preparation Tips

Upcoming Event

CFA Exam Exam Date : 13 Nov' 2024 - 19 Nov' 2024

Updated on 08th October, 2024 by Shubham Bhakuni

About CFA Exam 2024

CFA Exam 2024: The Chartered Financial Analyst Institute has announced the CFA Level 1 Aug 2024 result on October 8, 2024. The CFA Level 3 Aug 2024 results will be declared on October 17, 2024. Earlier, CFA Institute opened the CFA registration May 2025 for level 1 and level 2 on August 8, 2024. Candidates can register online from the official website - cfainstitute.org till February 6, 2025. The institute has also opened CFA level 1 and level 3 registrations for February 2025 session on May 9, 2024. The last date to register is November 7, 2024. The upcoming CFA exams will be held from November 13 to 19, 2024 for level 1 and November 20 to 24 for level 2.

The CFA level 1 registrations and CFA level II registration for November session closed on August 7. The CFA 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 - 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.

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. This does not include study material costs. Candidates can also purchase study materials provided by the institute. The CFA Intitute provides an exam prep pack for CFA level 1 which costs USD 299. The CFA Institute also partners with exam prep providers to provide training learning resources to students.

CFA Fees 2024

Fee Component	CFA level 1	CFA level 1 (Feb 2025)	CFA level 2	CFA level 3	CFA Level 3 (February 2025)
Enrolment fee	USD 350	USD 350	Nil	Nil	Nil
Early registration fee	USD 940	USD 990	USD 940	USD 940	USD 1090
Standard registration fee	USD 1250	USD 1290	USD 1250	USD 1250	USD 1390
Exam scheduling fee	Nil	Nil	Nil	Nil	Nil
Exam rescheduling fee	USD 250	USD 250	USD 250	USD 250	USD 250

CFA Historical Pass Percentage Statistics

CFA Year	Total candidates	Pass %	Total	CFA level 1			CFA level 2				CFA level 3
			Total	Pass	Fail	Pass %	Total	Pass	Fail	Pass %	Total	Pass	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%
May 2024	35420	51%	21116	9666	11450	46%	14304	8386	5918	59%
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%

New: CFA Level 1 Aug 2024 Out

Also Check: CFA Level 1, 2 & 3 Registration Open - Apply Now

Latest: CFA complete guide

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 +1 more
Mode Of Exam	online
Exam Duration	+2 more

CFA Exam Important Dates

CFA Exam Level 1 (session 2024)

13 Nov' 2024 - 19 Nov' 2024 . Offline

Exam Date

November session

15 Aug' 2023 - 06 Feb' 2024 . Online

Application Date

May session

15 Aug' 2023 - 14 Feb' 2024 . Online

Slot Booking Date

May session - scheduling

19 Feb' 2024 - 25 Feb' 2024 . Offline

Exam Date

February session

CFA Exam Level 2 (session 2024)

20 Nov' 2024 - 24 Nov' 2024 . Online

Exam Date

November session

15 Aug' 2023 - 06 Feb' 2024 . Online

Application Date

May session

15 Aug' 2023 - 14 Feb' 2024 . Online

Slot Booking Date

May session - scheduling

14 Nov' 2023 - 14 May' 2024 . Online

Application Date

August session

CFA Exam Level 3 (session 2024)

15 Feb' 2024 - 18 Feb' 2024 . Offline

Exam Date

February session

14 Nov' 2023 - 14 May' 2024 . Online

Application Date

August session

14 Nov' 2023 - 21 May' 2024 . Online

Slot Booking Date

August session - scheduling

Level 1

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.

Level 2

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.

Level 3

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

CFA Exam 2024 Application Process

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. Candidates must check theCFA registration window dates from the official website. 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. Recently, the CFA Institute has opened the CFA registrations May 2025 for level 1 and level 2 on August 8, 2024.

Currently, CFA registration 2024 is also open for CFA level 1 February 2025 and CFA level 3 February 2025 till November 7, 2024.

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	-
February 2025	May 9, 2024 - November 7, 2024	-	May 9, 2024 - November 7, 2024.
May 2025	August 8, 2024 - February 6, 2025	August 8, 2024 - February 6, 2025	-

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 Registration fees

Fee Component	CFA level 1	CFA level 1 (Feb 2025)	CFA level 2	CFA level 3	CFA Level 3 (February 2025)
Enrolment fee	USD 350	USD 350	Nil	Nil	Nil
Early registration fee	USD 940	USD 990	USD 940	USD 940	USD 1090
Standard registration fee	USD 1250	USD 1290	USD 1250	USD 1250	USD 1390
Exam scheduling fee	Nil	Nil	Nil	Nil	Nil
Exam rescheduling fee	USD 250	USD 250	USD 250	USD 250	USD 250

Documents Required at Exam CFA Exam 2024

Level 1 2024

Valid International Passport and Admission Ticket

Level 2 2024

Valid International Passport and Admission Ticket

Level 3 2024

Valid International Passport and Admission Ticket

CFA Exam 2024 Exam Centers

State	City
Gujarat	Ahmedabad Surat
Rajasthan	Jaipur
Karnataka	Bangalore
West Bengal	Kolkata Calcutta
Madhya Pradesh	Bhopal Indore
Uttar Pradesh	Lucknow Noida
Kerala	Kochi
Tamil Nadu	Chennai Coimbatore
Telangana	Hyderabad
Maharashtra	Mumbai City Pune Mumbai Nagpur
Assam	Guwahati
Odisha	Bhubaneshwar
Chandigarh	Chandigarh
Delhi	New Delhi
Punjab	Chandigarh
Chhattisgarh	Raipur
Jharkhand	Ranchi
Andhra Pradesh	Visakhapatnam Visakhapatnam(Vizag)

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Exam Pattern

Level 1

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

Level 2

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

Level 3

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

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CFA Exam 2024 Preparation Tips

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

Admit Card

Level 1

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.

Level 2

The Chartered Financial Analyst® Institute releases 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

Level 3

The CFA Institute issues the admit card for CFA level 3 exams 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

Exam Analysis

Level 1

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.

Level 2

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.

Level 3

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.

Result

Level 1

The CFA Institute has declared the CFA Level 1 results Aug 2024 on October 8, 2024. 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 the 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%

Level 2

The Chartered Financial Analyst (CFA) Institute will release the CFA level 2 May 2024 result on July 2, 2024. It 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 November 2023 was 44 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 no. of candidates appeared for the exam	Candidates passed	Candidates failed	Pass rate
May 2024	Will be updated	Will be updated	Will be updated	Will be updated
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%

Level 3

The CFA institute will declare the upcming CFA level 3 August 2024 result tenatively 45 days after the exam. 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

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Frequently Asked Questions

1. When are CFA level 3 exams conducted?

CFA level 3 exams are conducted twice a year in February and August.

2. When are CFA level 2 exams conducted?

CFA level 2 exams are conducted thrice a year in May, August, and November.

3. When are CFA level 1 exams conducted?

The CFA level 1 exams are conducted four times a year in February, May, August, and November.

4. When are the results available for CFA level 1, 2 and 3 exams?

The CFA level 1 and 2 results are are released 60 days after the exam. Whereas, CFA level 3 results are declared 90 days after conducting the examination.

5. What was the pass rate for CFA exams?

The average pass rates in CFA for all the three levels combined is 45%. The pass rate for CFA level 1 is 41% while CFA level 2 pass rate is 46%. The CFA level 3 pass rate is 55%.

6. What is CFA charter?

A Chartered Financial Analyst (CFA®) charter is a designation offered to those candidates who have successfully completed the CFA® Program and also completed the work experience requirements.

7. What is the full form of CFA?

The full form of CFA is Chartered Financial Analyst. It is a three part programme that tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning.

Questions related to CFA Exam

Have a question related to CFA Exam ?

hi, I am currently working as a financial analyst in India. I am a qualified Cost and Management Accountant (ICWAI) Currently, I am looking for options on what courses can I pursue ahead so that I get more professional exposure? Should I do ACCA with MBA, CPA, CFA?? Can anyone please advise?

Well I think you forgot to mention the important part. Which is whats the goal. Exposure is a wide Answer. All are professional qualifications which give you professional experience. And the same ICWAI that you pursued also gave you professional exposure. But if my guess is that you want to get exposure in the same field then the relevant qualification would be CIMA and learning skills like financial modeling. (https://mentormecareers.com/what-is-financial-modeling/)

Read Complete Answer

Allen Aravindan 03 October 2024

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.

Read Complete Answer

pri111nah 28 November 2021

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

Read Complete Answer

Shivendra1 09 July 2020

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.

Read Complete Answer

sathwika 13 April 2020

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.