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

Updated on 6th May, 2024 by Shubham Bhakuni

Application Date 14 Nov, 2023 - 14 May, 2024

Q&A 16 Question Ask Question

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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.

New: CFA Level 3 Feb 2024 Out

Also Check: CFA Level 1 & 2 Nov 2024 registration open

Latest: CFA complete guide

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

Download all details about CFA Exam 2024

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CFA Exam 2024 Important Dates

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 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

Applications for Admissions are open.

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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

CFA Exam 2024 Application Process

Mode of Application : Offline and Online

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

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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

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 E-books and Sample Papers

All About CFA

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

Documents Required at Exam

CFA Exam Level 1 Documents Required at Exam

Valid International Passport and Admission Ticket

CFA Exam Level 2 Documents Required at Exam

Valid International Passport and Admission Ticket

CFA Exam Level 3 Documents Required at Exam

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%

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Questions related to CFA Exam

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3867 Views

how to clear CFA exam in first attempt

pri111nah 28th Nov, 2021

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.

271 Views

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

Shivendra1 9th Jul, 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

534 Views

what about CFA registration and fees payment , as CFA exam is an US exam. what will have to do ??

sathwika 13th Apr, 2020

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.

465 Views

I need to know about cfa part 1 exam details such as fees, registration date, syllabus,exam date, exam pattern,etc.

Harsheet Kaur 24th Nov, 2019

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

2121 Views

Cfa exam centre name in pune and mumbai

shwetasaini505_9233227 Student Expert 29th May, 2019

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.

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