How Much Does It Cost To Take the CFA® Exam?

CSS for Pillar Pages

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 TypeCostExam LevelsRegistration Window Status
One-time Enrollment Fee$450.00Level 1 CFA Exam only
Early Registration Fee
Typ. Aug 20 - May 4
$700.00All exam levelsClosed
Standard Registration Fee
Typ. May 5 -Jul 20
$1,000.00All exam levelsClosed
Rescheduling Fee$25.00All exam levels


February 2022 CFA Exams

February 2022 CFA Exam Costs
Fee TypeCostExam LevelsRegistration Window Status
One-time Enrollment Fee$450.00Level 1 CFA Exam only
Early Registration Fee
Typ. May 13 - Aug 10
$700.00All exam levelsClosed
Standard Registration Fee
Typ. Aug 11 - Nov 1
$1,000.00All exam levelsOpen
Rescheduling Fee$25.00All exam levels


May 2022 CFA Exams

May 2022 CFA Exam Costs
Fee TypeCostExam LevelsRegistration Window Status
One-time Enrollment Fee$450.00Level 1 CFA Exam only
Early Registration Fee
Typ. Jul 20 - Nov 1
$700.00All exam levelsClosed
Standard Registration Fee
Typ. Nov 2 - Feb 1
$1,000.00All exam levelsOpen
Rescheduling Fee$25.00All 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 TypeCost
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 TypeCost
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 TypeCost
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.

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.

New to UWorld?

Welcome to your world of learning.
Discover the UWorld Difference.   

Get in Touch

We understand you may have questions.
Know we’re always here to help.