CFA® Program
Registration fees will change for all 2026 exams, beginning with the February 2026 CFA Program exam. See details here.
CFA exam dates & fees
CFA Program exams are administered four times a year, at over 400 testing centers around the world in most major cities. You're allowed to take the CFA exam a maximum of twice each calendar year but not in consecutive windows or windows that are six months or less apart.
Use the interactive tool below to see upcoming CFA exam dates by level, as well as the latest CFA exam fees.
Register now before 2026 exam price changes take effect.
Select exam criteria
Registration Window:
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Exam Registration Fee:
EARLY
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STANDARD
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One-time Enrollment Fee:
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The CFA exam fees displayed do not include local taxes. If we need to collect such taxes, they will be added during the payment process. Please refer to our Tax Policy for more information.
The one-time enrollment fee of USD 350 is charged when you first enroll for the Level I exam; it is not charged for subsequent exams (Level II and Level III) or exam retakes.
For information about where you can take your exams, please view the available test center locations.
Download the 2025 CFA Program Dates Schedule. All deadlines are 11:59 ET.
CFA exam rescheduling fee
A USD 250 rescheduling fee will apply if you need to reschedule your exam appointment within your exam window.
Scholarships
We want to empower more people to advance their careers and reach the highest standards of professional excellence. Our scholarships help us achieve that by making the CFA charter more accessible.
CFA® Program
- Credential - 3 levels / 3 exams
- Advanced level
- 300 hours per level
- Self-paced online learning
- Learning materials included
Frequently asked questions
It takes three to four years to complete all three levels of the CFA Program. This takes into account the recommended study time of 300 hours per level.
To become a member and use the CFA Charterholder designation, you also need at least 4,000 hours of relevant work experience, completed in a minimum of 36 months. Work experience can be obtained whilst you study.
Based on exam fees, it costs USD 2,550 – 4,800 to complete all three levels of the CFA Program and become a charterholder (depending on whether you register for your exams during the Early or Standard registration period). When you register for your Level I exam, you will also need to pay a one-time enrollment fee of USD 350.
All fees need to be paid in US dollars. This information is correct as of October 2024.
There are three scholarships currently available for the CFA Program:
- Access Scholarship – for individuals who may not be able to afford the program fees
- Student Scholarship – for students currently attending an affiliated university
- Professor Scholarship – for full-time college / university professors or administrators / department heads
To learn more, including eligibility criteria, visit the scholarships page.
From studying through to exam day and beyond, we have a variety of resources to help you successfully complete the CFA Program. Visit CFA Program candidate resources to learn more.
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