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
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%