CFA Exam

CFA Exam

CFA Exam 2023: Crack the CFA Exam with confidence! Get insights into the CFA curriculum, exam pattern, and preparation tips. Start your journey to becoming a financial expert now.

Table of Content

What is CFA?

A Chartered Financial Analyst (CFA) is a professional designation the CFA Institute gives. It is a globally recognized professional designation that certifies the competence of professionals in this field. Individuals undertaking CFA as a profession need this prestigious certification to operate in this field.  

What is the Full Form of CFA?

The full form of CFA is the Chartered Financial Analyst. It is a globally recognized professional designation in finance and investment management.

CFA Course Details

CFA Full formChartered Financial Analyst
Conducting BodyCFA Institute
Admission ProcessCFA Entrance test- Level I, Level II and Level III
Mode of examinationOnline

CFA Exam 2023 Important Dates and Schedule

Here are the significant dates and schedules for the CFA Exam 2023:

2023-2024 CFA Level l Exam Dates

Here are the CFA Level I Exam dates for 2023-2024:

Level I Exam Date Window

Registration Deadline

Scheduling Deadline

Rescheduling Deadline

14th to 20th February 20238th November 202216th November 202213th January 2023
16th to 22nd May 202331st January 202315th February 202314th April 2023
22nd to 28th August 20239th May 202324th May 202321st July 2023
11th to 17th November 20238th August 202316th August 202313th October 2023
19th to 25th February 20248th November 202321st November 20238th January 2024
15th to 21st May 20246th February 202414th February 2024

15th April 2024

 

20th to 26th August 202414th May 202421st May 202422nd July 2024
13th to 19th November 20247th August 202413th August 202410th October 2024

2023-2024 CFA Level ll Exam Dates

For the 2023-2024 period, the CFA Level II Exam dates are as follows:

Level II Exam Date Window

Registration Deadline

Scheduling Deadline

Rescheduling Deadline

23rd to 27th May 202331st January 202315th February 202321st April 2023
29th August 29 – 2nd September, 20239th May202324th May 202328th July 2023
18th to 22nd November 20238th August 202316th August 202320th October 2023
22nd to 26th May 20246th February 202414th February 202422nd April 2024
27th to 31st August 202414th May 202421st May 202429th July 2024
20th to 24th November 20247th August 202413th August 202417th October 2024

2023-2024 CFA Level lll Exam Dates

Here are the CFA Level III Exam dates for the 2023-2024 period:

Level III Exam Date Window

Registration Deadline

Scheduling Deadline

Rescheduling Deadline

21st to 23rd February 20238th November 202216th November 202220th January 2023
29th August 29 to 5th September 20239th May 202324th May 202328th July 2023
15th to 18th February 20248th November 202321st November 202317th January 2024
16 to 19th August 20247th August 202413th August 202418th July 2024

CFA Eligibility Criteria  

The CFA (Chartered Financial Analyst) eligibility criteria are:

  • Candidates must graduate from a recognized university or institution. 
  • Candidates in the final year or second-to-last year of graduation can apply.
  • Candidates must have 4 years of work experience. 

CFA Exams 2023 Highlights 

CFA Full formChartered Financial Analyst
Duration of the programme1.5 to 4 years
Examination Frequency 

Level I – four times

Level II – three times

Level III – two times

Conducting BodyCFA Institute
Eligibility CriteriaGraduation in a relevant discipline or in In last year or second-to-last year of college or 4 years of work experience
Admission ProcessCFA Entrance test- Level I, Level II and Level III
Mode of examinationOnline
Average FeeRs. 2,00 000
Average Salary PackageUp to Rs. 4,00,000

CFA Exam 2023 Exam Pattern

The CFA Exam 2023 follows a pattern consisting of three levels, as mentioned below:

ExamCFA Level I Exam PatternCFA Level II Exam PatternCFA Level III Exam Pattern
Morning Session90 Questions88 Questions in 10 case studies

Comprises vignettes with accompanying multiple-choice- and essay-type questions.

  

Afternoon Session90 Questions88 Questions in 10 case studies 
Duration2 hours, 15 minutes for each session2 hours and 12 minutes for each session2 hours and 12 minutes for each session
Question typeMultiple Choice Questions (MCQs)Vignette-supported multiple-choice questions

Vignette-supported-

  • essay questions
  • Multiple Choice Questions (MCQs)
Exam Months
  • February
  • May
  • August
  • November
  • February
  • August
  • November
  • May
  • August

CFA Registration 2023

Follow the below-mentioned steps to register for CFA Level I/II/III

  • Step 1: Go to the official website of the CFA – www.cfainstitute.org
  • Step 2: Sign up (for level I) to access the required menu. 
  • Step 3: Select programmes from the menu bar.
  • Step 4: Click the Register option.
  • Step 5: On the registration page, scroll down and click Enrol and Register.
  • Step 6: Enter your e-mail address and log in to your account.
  • Step 7: Select the CFA Level I/ II/ III option.
  • Step 8: Fill in the required information.
  • Step 9: Go through the policies of the Institute and click the Statement of Understanding checkbox.
  • Step 10: Make the payment.
  • Step 11: Download the registration form.

CFA Selection Process 2023

The CFA (Chartered Financial Analyst) selection process for 2023 typically involves the following steps:

  • Pass the CFA Examination

Clearing all three levels of the examination and covering the applicable practical skills modules is the first requirement to obtain the CFA Charter.

  • Achieve Qualified Work Experience

Candidates must acquire the required work experience per the CFA specifications while participating in the CFA programme. 

  • Submit Reference Letters

To support the membership application, a couple of professional references must be provided. These references must be related to a candidate’s work experience and professional competence. 

  • Apply to Become a Charterholder

Submitting an application to become a charter holder is crucial to embark on the CFA journey. After approval, you will become a member of the CFA Institute and earn the charter. 

Conclusion

We hope this article has been helpful and has provided all the details you need about CFA Exams. The Chartered Financial Analyst Programme is a three-level examination. To reach the next level, the candidate must clear the previous level. You can register for the CFA examination through the official website – www.cfainstitute.org

faq

Frequently Asked Questions

Get the most common frequently asked questions on CFA Exam

I am in my final year of graduation. Can I apply for the CFA level II examination?

According to the eligibility criteria, you must be a graduate to appear for the CFA Level II exam.

Is a professional conduct statement mandatory while registering for the CFA examination?

Yes, the CFA Institute has made it mandatory.

Is it important to submit the college degree at the time of CFA registration?

No, the CFA does not ask for education proof at the time of registration.

How many attempts are allowed in CFA?

Candidates have six attempts to clear each level of the CFA examination.

What is the CFA enrollment fee in India?

On an approximate Level I, enrollment fees in India might be around Rs. 33,722/-