CFA® Exam Details The CFA® Program consists of a series of three examinations (Levels I, II, and III) that must be taken in succession. The Level I CFA exam consists of basic knowledge and comprehension questions focused on investment tools, while the Level II exam requires more complex analysis and focus on valuing assets. The Level III exam combines all the concepts and analytical methods in a number of applications for effective portfolio management and wealth planning. A minimum of 300 hours of preparation per CFA exam level is recommended, although some candidates will need more or less time, depending on their individual backgrounds and experience. Candidates have a total of six maximum attempts per exam level and can take as much time as needed to complete the program. The CFA curriculum is dynamic and changes annually to meet the nature and complexity of the global investment profession. Level I Level I February 2023 Registration and Exam Dates Level I February Computer-Based Exam Dates: 14 – 20 February 2023 Registration opens: 10 May 2022 Scheduling opens: 10 May 2022 Early registration deadline: 9 August 2022 Registration closes: 8 November 2022 Scheduling deadline: 16 November 2022 Re-scheduling deadline: 13 January 2023 Register for the CFA Exam > May 2023 Registration and Exam Dates Level I May Computer-Based Exam Dates: 16 – 22 May 2023 Registration opens: 9 August 2022 Scheduling opens: 9 August 2022 Early registration deadline: 2 November 2022 Registration closes: 31 January 2023 Scheduling deadline: 15 February 2022 Re-scheduling deadline: 14 April 2023 Register for the CFA Exam > August 2023 Registration and Exam Dates Level I August Computer-Based Exam Dates: 22 – 28 August 2023 Registration opens: 14 November 2022 Scheduling opens: 14 November 2022 Early registration deadline: 1 February 2023 Registration closes: 9 May 2023 Scheduling deadline: 24 May 2023 Re-scheduling deadline: 21 July 2023 Register for the CFA Exam > November 2023 Registration and Exam Dates Level I November Computer-Based Exam Dates: 11 – 17 November 2023 Registration opens: 31 January 2023 Scheduling opens: 31 January 2023 Early registration deadline: 10 May 2023 Registration closes: 8 August 2023 Scheduling deadline: 16 August 2023 Re-scheduling deadline: 13 October 2023 Register for the CFA Exam > Exam Format Format: Computer-based and multiple-choice Questions: 180 equally weighted questions Session 1: 90 questions Session 2: 90 questions Each session is 2 hours and 15 minutes long Our Level I study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2022 Level I > 2023 Level I > Level II Level II May 2023 Registration and Exam Dates Level II May Computer-Based Exam Dates: 23-27 May 2023 Registration opens: 9 August 2022 Scheduling opens: 9 August 2022 Early registration deadline: 2 November 2022 Registration closes: 31 January 2023 Scheduling deadline: 15 February 2022 Re-scheduling deadline: 21 April 2023 Register for the CFA Exam > August 2023 Registration and Exam Dates Level II August Computer-Based Exam Dates: 29 August – 2 September 2023 Registration opens: 14 November 2022 Scheduling opens: 14 November 2022 Early registration deadline: 1 February 2023 Registration closes: 9 May 2023 Scheduling deadline: 24 May 2023 Re-scheduling deadline: 28 July 2023 Register for the CFA Exam > November 2023 Registration and Exam Dates Level II November Computer-Based Exam Dates: 18 – 22 November 2023 Registration opens: 31 January 2023 Scheduling opens: 31 January 2023 Early registration deadline: 10 May 2023 Registration closes: 8 August 2023 Scheduling deadline: 16 August 2023 Re-scheduling deadline: 20 October 2023 Register for the CFA Exam > Exam Format Format: Computer-based, multiple-choice questions using item sets or “mini-cases.” Each item set contains a vignette (with an average length of 1.5 pages). Each item set will be followed by 4 or 6 multiple-choice questions. Questions: 88 equally weighted multiple-choice questions Session 1: 44 multiple-choice questions Session 2: 44 multiple-choice questions Each session is 2 hours and 12 minutes long Our Level II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2022 2022 Level II > 2023 Level II > Level III Level III February 2023 Registration and Exam Dates Level III February Computer-Based Exam Dates: 21 -23 February 2023 Registration opens: 10 May 2022 Scheduling opens: 10 May 2022 Early registration deadline: 9 August 2022 Registration closes: 8 November 2022 Scheduling deadline: 16 November 2022 Re-scheduling deadline: 20 January 2023 Register for the CFA Exam > August 2023 Registration and Exam Dates Level III August Computer-Based Exam Dates: 29 August – 5 September 2023 Registration opens: 14 November 2022 Scheduling opens: 14 November 2022 Early registration deadline: 1 February 2023 Registration closes: 9 May 2023 Scheduling deadline: 24 May 2023 Re-scheduling deadline: 28 July 2023 Register for the CFA Exam > Exam Format Format: Computer-based. Vignettes/item sets with multiple choice or constructed response questions. Questions: Session 1: Constructed response (essay) format. 8–11 essay questions with multiple parts per question. Session 2: Item set format. Each item set will be followed by 4 or 6 multiple-choice questions. 44 total questions Each session is 2 hours and 12 minutes long Our Level III study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today. 2022 Level III > 2023 Level III >