How Much Does It Cost To Take the CFA® Exam?
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One of the requirements for becoming a Chartered Financial Analyst (CFA) is to pass the three levels of the CFA Exam. The CFA Institute administers the CFA Exam each year in over 170 cities in June and in 70 cities in December. The CFA Exam testing centers are located throughout the world.
Please visit the CFA’s testing center information pages for the June and December exams to find a testing center location near you. Now, let’s answer the question you’re probably dying to ask: how much does it cost to take the CFA Exam?
The below charts illustrate the dates and costs for upcoming CFA Level 1 exams.
May 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: May 17-23, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 |
Exam Level Level 1 CFA Exam only |
|
| Early Registration Fee July 20 2021 - Nov 1 2021 |
Cost $700 |
Exam Level All exam levels |
|
| Standard Registration Fee Nov 2 2021 - Feb 1 2022 |
Cost $1,000 |
Exam Level All exam levels |
|
| Rescheduling Fee | Cost $250 |
Exam Level All exam levels |
|
The below charts illustrate the dates and costs for upcoming CFA Level 1 exams.
May 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: May 17-23, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 Exam Level Level 1 CFA Exam only |
||
| Early Registration Fee July 20 2021 - Nov 1 2021 |
Cost $700 Exam Level All exam levels |
||
| Standard Registration Fee Nov 2 2021 - Feb 1 2022 |
Cost $1,000 Exam Level All exam levels |
||
| Rescheduling Fee | Cost $250 Exam Level All exam levels |
||
August 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: August 23-29, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 |
Exam Level Level 1 CFA Exam Only |
|
| Early Registration Fee Oct 26 2021 - Feb 9 2022 |
Cost $700 |
Exam Level All exam Levels |
|
| Late Registration Fee Feb 10 2022 - May 3 2022 |
Cost $1,000 |
Exam Level All exam levels |
|
| Rescheduling Fee | Cost $250 |
Exam Level All exam levels |
|
November 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: November 15-21, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 |
Exam Level Level 1 CFA Exam Only |
|
| Early Registration Fee
Feb 1 2022 - May 3 2022 |
Cost $700 |
Exam Level All exam Levels |
|
| Late Registration Fee May 4 2022 - Aug 9 2022 |
Cost $1,000 |
Exam Level All exam levels |
|
| Rescheduling Fee | Cost $250 |
Exam Level All exam levels |
|
August 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: August 23-29, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 Exam Level Level 1 CFA Exam Only |
||
| Early Registration Fee Oct 26 2021 - Feb 9 2022 |
Cost $700 Exam Level All exam Levels |
||
| Late Registration Fee Feb 10 2022 - May 3 2022 |
Cost $1,000 Exam Level All exam levels |
||
| Rescheduling Fee | Cost $250 Exam Level All exam levels |
||
November 2022 CFA Level 1 Exam Dates and Costs
| Exam Dates: November 15-21, 2022 | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $450 Exam Level Level 1 CFA Exam Only |
||
| Early Registration Fee
Feb 1 2022 - May 3 2022 |
Cost $700 Exam Level All exam Levels |
||
| Late Registration Fee May 4 2022 - Aug 9 2022 |
Cost $1,000 Exam Level All exam levels |
||
| Rescheduling Fee | Cost $250 Exam Level All exam levels |
||
Beginning with the 2023 exam cycle, the price of the one-time enrollment fee will decrease from $450 to $350. The prices to register for each individual exam will increase from $700 to $900 for early registration and from $1,000 to $1,200 for standard registration.
| 2022 and 2023 CFA Exam Costs | |||||
|---|---|---|---|---|---|
| May 2022 | Enrollment Fee $450 |
Level I $700/1,000 |
Level II No Exam |
Level III $700/1,000 |
|
| August 2022 | Enrollment Fee $450 |
Level I $700/1,000 |
Level II $700/1,000 |
Level III $700/1,000 |
|
| November 2022 | Enrollment Fee $450 |
Level I $700/1,000 |
Level II $700/1,000 |
Level III No Exam |
|
| February 2023 | Enrollment Fee $350 |
Level I $900/1,200 |
Level II No Exam |
Level III $900/1,200 |
|
| May 2023 | Enrollment Fee $350 |
Level I $900/1,200 |
Level II $900/1,200 |
Level III No Exam |
|
| August 2023 | Enrollment Fee $350 |
Level I $900/1,200 |
Level II $900/1,200 |
Level III $900/1,200 |
|
| November 2023 | Enrollment Fee $350 |
Level I $900/1,200 |
Level II $900/1,200 |
Level III No Exam |
|
| 2022 and 2023 CFA Exam Costs | |||||
|---|---|---|---|---|---|
| May 2022 | Enrollment Fee $450 Level I $700/1,000 Level II No Exam Level III $700/1,000 |
||||
| August 2022 | Enrollment Fee $450 Level I $700/1,000 Level II $700/1,000 Level III $700/1,000 |
||||
| November 2022 | Enrollment Fee $450 Level I $700/1,000 Level II $700/1,000 Level III No Exam |
||||
| February 2023 | Enrollment Fee $350 Level I $900/1,200 Level II No Exam Level III $900/1,200 |
||||
| May 2023 | Enrollment Fee $350 Level I $900/1,200 Level II $900/1,200 Level III No Exam |
||||
| August 2023 | Enrollment Fee $350 Level I $900/1,200 Level II $900/1,200 Level III $900/1,200 |
||||
| November 2023 | Enrollment Fee $350 Level I $900/1,200 Level II $900/1,200 Level III No Exam |
||||
February 2023 CFA Level 1 Exam Dates and Costs
| Exam Dates: TBD | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $350 |
Exam Level Level 1 CFA Exam Only |
|
| Early Registration Fee TBD |
Cost $900 |
Exam Level All exam levels |
|
| Late Registration Fee TBD |
Cost $1,200 |
Exam Level All exam levels |
|
| Rescheduling Fee | Cost $250 |
Exam Level All exam levels |
|
February 2023 CFA Level 1 Exam Dates and Costs
| Exam Dates: TBD | |||
|---|---|---|---|
| One-time Enrollment Fee | Cost $350 Exam Level Level 1 CFA Exam Only |
||
| Early Registration Fee TBD |
Cost $900 Exam Level All exam levels |
||
| Late Registration Fee TBD |
Cost $1,200 Exam Level All exam levels |
||
| Rescheduling Fee | Cost $250 Exam Level All exam levels |
||
To enroll and sit for the CFA Exam, you’ll need to pay exam fees to the CFA Institute. It’s important to note that you must make all payments in U.S. dollars. Also, the CFA Institute accommodates alternate exam days based on religious obligations or disabilities that might prevent you from taking the CFA Exam on certain days. You can find out what their policy is for both situations on their policies page.
The CFA Exam costs are relatively high, which is why if you’re a CFA candidate, you should make the most of your investment by preparing to the best of your ability.
CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by UWorld Finance. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.