Exam Info

Candidates must complete the three levels of CFA® examinations sequentially. Candidates who fail an examination must repeat that level until they pass. The Level I and II examinations are composed of multiple choice questions. Level III consist of essays and multiple choice questions. Level I is offered in June and December. Levels II & III are offered only in June.

Candidates may enroll for only one examination at a time. Candidates must wait to receive their examination results before enrolling for the next examination, since the results will determine whether a candidate must repeat the current level or advance to the next level. It can take as little as 2 years to get through the program, but on average it takes about four years.

Visit the CFA Institute website for more information on the CFA Program.

June 2015 Exam Schedule (Levels I, II, and III)

Late July 2014

June 2015 exam registration opens

September 24, 2014

First fee schedule deadline for the June 2015 exam

January 2015

Mock exams become available

February 2, 2015

Awareness scholarship application deadline

February 18, 2015

Second fee schedule deadline for June 2015 exam

March 18, 2015

Final fee schedule deadline to register for June 2015 exam

March 24, 2015

Final deadline for disability and religious alternate date accommodation requests to be received by CFA Institute

April 20, 2015

Test center change request deadline

Early May 2015

Exam admission tickets become available

June 6, 2015

Exam day

June–July 2015

Exams graded

Late July 2015

Level I and II exam results available

Early-Mid August 2015

Level III exam results available

December 2015 Exam Schedule (Level I only)

January 2015
December 2015 exam registration opens
Upon registration Practice tests and mock exam available
March 18, 2015
First fee schedule deadline to register for the December exam
August 19, 2015
Second fee schedule deadline to register for the December exam
September 16, 2015
Final fee schedule deadline to register for the December exam
September 23, 2015
Final deadline for disability and religious alternate date accommodation requests to be received by CFA Institute
October 19, 2015
Test center change request deadline
November 2015
Exam admission tickets become available
December 5, 2015
Exam day
December 2015–January 2016
Exams graded
Late January 2016
Exam results are available

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