How Much Does It Cost To Take the CFA® Exam?
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 following charts illustrate the fees for the upcoming Level 1 CFA Exams:
November 2021 CFA Exams
| November 2021 CFA Exam Costs | |||
|---|---|---|---|
| Fee Type | Cost | Exam Levels | Registration Window Status |
| One-time Enrollment Fee | $450.00 | Level 1 CFA Exam only | |
| Early Registration Fee Typ. Aug 20 - May 4 | $700.00 | All exam levels | Closed |
| Standard Registration Fee Typ. May 5 -Jul 20 | $1,000.00 | All exam levels | Closed |
| Rescheduling Fee | $25.00 | All exam levels | |
February 2022 CFA Exams
| February 2022 CFA Exam Costs | |||
|---|---|---|---|
| Fee Type | Cost | Exam Levels | Registration Window Status |
| One-time Enrollment Fee | $450.00 | Level 1 CFA Exam only | |
| Early Registration Fee Typ. May 13 - Aug 10 | $700.00 | All exam levels | Closed |
| Standard Registration Fee Typ. Aug 11 - Nov 1 | $1,000.00 | All exam levels | Open |
| Rescheduling Fee | $25.00 | All exam levels | |
May 2022 CFA Exams
| May 2022 CFA Exam Costs | |||
|---|---|---|---|
| Fee Type | Cost | Exam Levels | Registration Window Status |
| One-time Enrollment Fee | $450.00 | Level 1 CFA Exam only | |
| Early Registration Fee Typ. Jul 20 - Nov 1 | $700.00 | All exam levels | Closed |
| Standard Registration Fee Typ. Nov 2 - Feb 1 | $1,000.00 | All exam levels | Open |
| Rescheduling Fee | $25.00 | All exam levels | |
The following charts illustrate the fees for the upcoming Level 1 CFA Exams:
November 2021 CFA Exams
| November 2021 CFA Exam Costs | |
|---|---|
| Fee Type | Cost |
| One-time Enrollment Fee Level 1 CFA Exam only | $450 |
| Early Registration Fee Typ. Aug 20 - May 4 (Closed) | $700 |
| Standard Registration Fee Typ. May 5 -Jul 20 (Closed) | $1,000 |
| Rescheduling Fee | $25 |
February 2022 CFA Exams
| February 2022 CFA Exam Costs | |
|---|---|
| Fee Type | Cost |
| One-time Enrollment Fee Level 1 CFA Exam only | $450 |
| Early Registration Fee Typ. May 13 - Aug 10 (Closed) | $700 |
| Standard Registration Fee Typ. Aug 11 - Nov 1 Open | $1,000 |
| Rescheduling Fee | $25 |
May 2022 CFA Exams
| May 2022 CFA Exam Costs | |
|---|---|
| Fee Type | Cost |
| One-time Enrollment Fee Level 1 CFA Exam only | $450 |
| Early Registration Fee Typ. Jul 20 - Nov 1 Open | $700 |
| Standard Registration Fee Typ. Nov 2 - Feb 1 (Closed) | $1,000 |
| Rescheduling Fee | $25 |
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.
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