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CFA ®
Exam Dates
 

CFA® Exam Dates

Level I Test Dates

Exam Period
Exam Dates
November 2022
November 15 – 21, 2022
February 2023
February 14-20, 2023
May 2023
May 16–22, 2023

Level II Test Dates

Exam Period
Exam Dates
November 2022
November 22-26, 2022
May 2023
May 23-27, 2023

Level III Test Dates

Exam Period
Exam Dates
February 2023
February 21-23, 2023

For more details, please visit: www.cfainstitute.org/en/programs/cfa/exam

Level I Test Dates

CFA Dates Chart Info
CFA Dates Chart Info
CFA Dates Chart Info
CFA Dates Chart Info

Level II Test Dates

CFA Dates Chart Info
CFA Dates Chart Info

How difficult is it to pass the CFA Exam?

Historically, the 10-year average pass rate of CFA Level I and CFA Level II is less than 45%.†
The pass rates listed below are from the most recently taken exams.

CFA Level I Exam Pass Rate

  • February 2022 CFA Level I exam pass rate: 36%

CFA Level II Exam Pass Rate

  • February 2022 CFA Level II exam pass rate: 44%

CFA Level III Exam Pass Rate

  • February 2022 Level III exam pass rate: 43%

What is the recommended amount of time
to study for the CFA Exams?

The CFA has stated that candidates should spend an average of 300 hours studying for each level of the CFA Program exam. Therefore, you need to prep right with the resources tailored for passing the exam. Learn More >

CFA Program Pass Assurance*

Your guide to passing the CFA exam.

Learn More
† https://www.cfainstitute.org/-/media/documents/support/programs/cfa/june-2018-cfa-program-candidate-survey.ashx

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