cfa-exam-dates-2017

CFA Exam Dates 2017

The Chartered Financial Analyst (CFA) exam is comprised of three different tests – Level I, II, III – that have to be passed in sequential order (i.e. – first test needs to be passed in order to take the second). On the first Saturday in June of each year, all three exams are offered. Additionally, the Level 1 exam is offered also offered in December. The following dates are approximate deadlines for the 2017 CFA exam.

Test centers are located around the globe. Learn more about which test center you’ll be assigned to.

Official Exam Days in 2017  

  • June 3, 2017 – Levels I,II,III
  • December 2017 – Level I only (official date to be determined)

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CFA Exam Dates 2016

CFA Exam Dates 2016

The CFA exam is comprised of three different tests that have to be passed in sequential order. On the first Saturday in June of each year, all three exams are offered. Additionally, the Level 1 exam is offered also offered in December. The following dates are approximate deadlines for the 2016 CFA exam.

Official Exam Days in 2016

  • June 4, 2016 – Levels I,II,III
  • December 5, 2016 – Level I only

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CFA Exam Dates 2014

cfa_exam_calendarThe Chartered Financial Analyst Exam is a three level test and each must be passed sequentially. This page gives you an overview of the CFA exam dates in 2014. As mentioned previously on this site many times, passing the CFA exam will be instrumental in your professional advancement in your chosen field. Please refer to the CFA exam overview page for additional details (including what a typical test day looks like) in regards to the exam administered by the CFA Institute.

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cfa-exam-fees-and-cost

CFA Exam Fees & Cost Schedule

The CFA Exam consists of three separate tests and must be passed sequentially. The exam is administered by the CFA Institute who awards successful professionals a CFA charter once all three exams are passed. Taken by financial and investment professionals, the CFA exam carries a significant weight if you are looking to further your career as a finance professional.

One-time Program Enrollment Fee to Take the CFA Exam

To begin the process, a one-time program enrollment fee of $450 is required when you register for the Level I CFA exam.

You may request a full refund within two business days if you decide to change your mind on moving forward with the exam. 

June 2017 CFA Exam (Levels I, II, III) Fees

The following fee schedule is for the June 2017 CFA exam only. Fees are subject to change. We will be updating this page periodically but info is also available on the CFA Institute page as well.

  • Early registration fee: (deadline passed)
  • Standard registration fee: $930 (deadline is February 15, 2017)
  • Late registration fee: $1,380 (deadline is March 15, 2017)

What Does the Fee Cover?

By paying the upfront exam fees, you will receive the following;

  • CFA program eBook with the complete curriculum
  • An interactive study planner that guides your exam prep
  • Topic-based practice tests
  • Mock exams
  • A mobile study app

For more information about the this exam, please visit our CFA exam page. You’ll find information about each exam, typical exam day schedule and more.

cfa-level-3-exam

CFA Level III Exam Information and Sample Questions

We just wanted to welcome you with a big congrats if you are getting ready to prepare for the third and final CFA exam. In order to take exam III, you must have passed Exam Level I and Exam Level II.

The Level III exam explores portfolio management in great detail. You must have a very good understanding of the portfolio management process including asset allocation, risk management application, evaluating portfolio performance.

Details of the CFA Level III Exam:

  • Time Limit: 6 hours –(2) three hour sessions
  • Cost:  Varies – see CFA exam fees page
  • # of Questions: Morning session has between 8-12 questions with subsets to each. Afternoon consists of 10 item set questions.
  • Format: Item Sets (mini-cases) & Essay – Item set sample questions / Essay sample questions
  • Prerequisite: Must have passed Level I and Level II exams successfully in sequential order.
  • Exam Dates: June only. See the CFA Exam schedule.
  • Pass Rate:  54% – as of June 2016

2017 CFA Level III Topics

The following are exam topics;

  • Ethical and Professional Standards
  • Behavioral Finance, Individual Investors, and Institutional Investors
  • Capital Market Expectations
  • Asset Allocation
  • Fixed Income and Equity Portfolio Management
  • Alternative Investments, Risk Management, and the Application of Derivatives
  • Portfolio: Execution, Evaluation and Attribution, and Global Investment Performance Standards

What happens after you pass the Level III Exam? How to obtain your charter.

To receive the distinguished CFA charter and begin using the CFA designation, you must have completed the following;

  • Pass the Level III exam
  • Meet the 48-month work experience requirement
  • Be able to describe your work experience – tips to write a successful description
  • Supply three professional references
  • Be accepted for regular membership by CFA Institute
  • Apply to be a member of a CFA society.
  • Activate your CFA Institute membership
cfa-level-2-exam

CFA Level II Exam Information and Sample Questions

This is the 2nd of 3 Chartered Financial Analyst exams offered by the CFA Institute. Before sitting for this exam, you must have passed the Level 1 exam; you cannot proceed if you fail or didn’t take exam 1. The CFA Program is a globally recognized standard for measuring the competence and integrity of financial and investment professionals.

The CFA Level II exam deals mainly with asset valuation. You must be able to apply the tools & concepts emphasized in Level I to analyze and create investment valuations. In addition, you should also have a complete understanding of capital market theory and industry and company analysis.

Details of the CFA Level II Exam:

  • Time Limit: 6 hours – (2) three hour sessions
  • Cost:  Varies – see CFA exam fees page
  • # of Questions: 120 (10 sets in the morning, 10 sets in the afternoon)
  • Format: Item Sets, also known as mini-cases – sample questions
  • Prerequisite: Must have passed Level I exam successfully
  • Exam Dates: June only. See the 2017 CFA Exam schedule.
  • Pass Rate:  46% – June 2016

2017 CFA Level II Topics

The following are exam topics and the weights in parenthesis ();

  • Ethical & Professional Standards (10-15%)
  • Quantitative Methods (5-10%)
  • Economics (5-10%)
  • Financial Reporting and Analysis (15-20%)
  • Corporate Finance (5-15%)
  • Equity Valuation (15-25%)
  • Fixed Income (10-20%)
  • Derivative Investment (5-15%)
  • Alternative Investments (5-10%)
  • Portfolio Management (5-10%)

We wish you luck on exam II. Once passed, please move forward to CFA exam III information.

cfa-level-overview

CFA Exam Program

The CFA Program consists of three exams that are offered in select testing centers across the world. The difficult three part CFA exam is known as Level I, Level II and Level III and must be passed in sequential order (i.e.- Level I needs to be passed before taking Level II). All exams, no matter of location, are given in English to provide consistency and fairness.

The CFA exams are administered by the CFA Institute only.  Keep up to date with the exam dates as you will need to register prior to taking each test.

Candidates can register for only one exam at a time, and must wait to be informed of their exam results before registering for the next exam. Candidates who fail an exam are encouraged to retake the same level exam.

All exams are administered on paper in a single day, 2 times for 3 hours.

  • CFA Level I Exam: consists of multiple choice questions
    • Offered in June and December (usually first weekend of the months)
    • 240 multiple choice questions
  • CFA Level II Exam: composed of item set questions
    • Offered in June (usually first weekend of the month)
    • 120 multiple choice questions, organized as 20 six-question item sets
  • CFA Level III Exam: composed of item set and essay questions
    • Offered in June (usually first weekend of the month)
    • Session of constructed response, essay type questions and  a session of 10 six question items sets

CFA Exam

CFA Exam Scores

There is no overall score for the text, only Pass/Fail and a range in each topic area (below 50%, between 50% and 70% and above 70%). The candidates who do not pass an exam will be notified. The minimum score is not defined or published; but the minimum score is set by the Board of Governors.

Typical Exam Day Schedule

For each session, an appointed personnel will notify you when you start and stop.

  • Each exam day consists of 2 timed sessions (one on the morning and the other in the afternoon)
  • If you miss the morning session, you will not be allowed to sit the afternoon session
  • You must attend both sessions to receive your exam results

The following is a typical exam day schedule according to the official website of the CFA Institute.  Times may vary slightly.  

Morning Session
8:00am – check-in begins
8:30am – candidates must be seated in the assigned test room
9:00am – Session begins.  Passports and calculators are checked.
11:30am – Candidates must remain seated for the duration of the session.
12:00pm – Session ends

Afternoon Session
1:00pm – check-in begins
1:30pm – candidates must be seated in the assigned test room
2:00pm – Session begins.  Passports and calculators are checked.
4:30pm – Candidates must remain seated for the duration of the session.
5:00pm – Session ends

All candidates must remain seated until all exam materials are collected, this normally takes 10 to 20 minutes.

Other items regarding the CFA exams

  • Only two calculator models are allowed.  Hewlett Packard 12C & 12C Platinum and the Texas Instruments BA II Plus & BA II Plus Professional.
  • Mobile phones or other electronic devices are prohibited from the test room.
  • Use of abbreviations is acceptable in answering the essay portion of the exam.
  • Water or other liquids is prohibited.
  • Scratch paper will not be given out.  You may, however, do scratch work in the exam book on question pages or blank pages.
  • Only a #2 pencil can be used on the answer sheet.
  • Medicines, tissues and other medical or personal items can be kept in your pockets or under your chair.
  • There is no dress code for exams.
  • There is no refund if you cannot sit for the exam on your assigned day.

Passing all three CFA exams and obtaining your CFA Charter gives you a leg up on your competition and accelerates your career as a Financial Analyst.