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.

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