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

Updated on 27th December, 2024 by Team Careers360

About CFA Exam 2025

CFA Exam 2025: The Chartered Financial Analyst Institute has opened the CFA Level 2 May 2025 registration till February 6, 2025. Similarly, CFA Level 1 May 2025 registration window is open till Feb 6, 2025, while CFA Level 3 August 2025 registration window is open till May 6, 2025. Candidates can register for all the three CFA levels online from the official website - cfainstitute.org. CFA Level 1 February 2025 exams are scheduled to be held from February 17 to 23, 2025, while CFA Level 3 exams will be conducted from February 13 to 16, 2025. The CFA Level 2 May 2025 exams will be held from May 21 to 25, 2025.

The CFA level 1 registrations and CFA level II registration are open all throughout the year. 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 2025 - 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 2025

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 990	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 2 May 2024 Out

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

Latest: CFA complete guide

CFA Exam 2025 Highlights

Full Exam Name	Chartered Financial Analyst Exam
Short Exam Name	CFA Exam
Conducting Body	CFA Institute
Exam Level	National Level Exam
Exam Duration	+2 more

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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.

Upcoming Exams

Exam Date

11 Jan, 2025 - 11 Jan, 2025

Result Date

21 Feb, 2025 - 21 Feb, 2025

View All Exams

Questions related to CFA Exam

Have a question 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.

Read Complete Answer

pri111nah 28 November 2021

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.

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.