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Novel Coronavirus (COVID-19)
At CFA Institute, the health and safety of our employees, stakeholders, and affiliates around the globe is our top priority.
The novel coronavirus (COVID-19) outbreak remains a very fluid situation, and please be assured that we are monitoring the effects to health, safety, and travel mobility.
We seek to make decisions that: prioritize the health and safety of everyone involved; are informed by data; are fair and equitable in their treatment of all concerned parties; and that are viable and sustainable.
We understand that this remains a stressful and trying situation, and we ask for your understanding as we seek to make decisions in a timely and well-informed manner.

December CFA Program Exams

Please note: CFA Institute will be in contact with all registered December candidates regarding the December exam - please keep an eye on your emails.

More information: CFA Instituteenterprise website , CFA Program social media accounts, or go to theGlobal Contact Center

We appreciate this may be a concerning time for candidates. We are carefully tracking pandemic-related restrictions around the globe. If local situations require a change in plans, we will adapt as needed, following local public health policies. We will be implementing social distancing protocols in exam locations. As the December exam date gets closer, we will react to specific situations related to the pandemic and inform candidates of our plans.

For more information go to

Each exam will be offered in scheduling windows of up to ten days, depending on location. Exams in 2021 will be offered:

·         For Level I in February, May, August, and November  

·         For Level II in May and August  

·         For Level III in May and November

Exam administrations in 2022 will set the standard CFA exam cadence, and will be offered: 

·         For Level I in February, May, August, and November  

·         For Level II in February and August  

·         For Level III in May and November  

 New enrollees pay an additional one-time USD 450.00 enrollment fee that is not reflected in the above registration fee.

December Exam: Registrations for December is closed.

Level 1 February Exam (Computer based):

Standard Registration
14 August 2020 - 3 November 2020
USD 1000.00

·         Scheduling Deadline - 22 November 2020

·         Rescheduling Deadline - 25 January 2021

·         CFA Exam Window - 23 Feb - 1 Mar 2021

Level 1,2, and 3 May Exam (Computer based):

Early Registration                                                     USD 700.00
20 August 2020 - 3 November 2020

Standard Registration                                              USD 1000.00
4 November 2020 - 23 February 2021
​Level 1
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 18 - 24 May 2021

Level 2
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 25 - 29 May 2021

Level 3
Scheduling Deadline - 10 March 2021

Rescheduling Deadline - 16 April 2021

May CFA Exam Window - 25 - 27 May 2021

Please Note:

CFA Program Refunds, Deferrals, and Withdrawals Policies Refund Policy:

A full refund of your enrolment and registration fees is available within three (3) days of payment (through 11:59 PM Eastern Time on the third day). Due to fluctuating exchange rates, CFA Institute cannot guarantee the exact amount paid to CFA Institute will be the amount returned in currency other than US currency. Thereafter, enrolment and registration fees are non-refundable, even in the event of a medical condition or other extreme circumstance. Enrolment and registration fees are non-transferrable. Payments for print curriculum orders are non-refundable once the order has been placed.

Deferral Policy:

Deferrals to the next available exam are considered on a case-by-case basis, and only in the event of one of the following, impacting the candidate or a member of his/her immediate family:

  • ·         life-threatening illness (candidate or immediate family member) in the exam window;
  • ·         death of a candidate's immediate family member;
  • ·         mandatory military service (candidate only) in the exam window;
  • ·         pregnancy (candidate only); or
  • ·         natural disaster or government travel restriction (candidate's local area) that prevents the candidate from attending the exam.

The candidate's immediate family is defined as only the candidate's parent, grandparent, sibling, spouse/domestic partner, or child. Deferral requests must be received by CFA Institute prior to or within 10 US business days after the exam window. Decisions on deferrals are final and are at the sole discretion of CFA Institute. Candidates awarded a deferral are responsible for all applicable new curriculum charges.

Withdrawal Policy:

CFA Institute offers a withdrawal option for all three levels of the CFA® exam. The withdrawal option is available on your CFA Program tile until 5 days before the exam date or beginning of your exam window. If you do not withdraw by the deadline, you will not be able to re-register for the next exam until results for the current exam have been released (approximately 60 days after the exam date).

Even after submitting your withdrawal form, you will be unable to register online until your withdrawal has been processed. Please allow up to 3 days for processing. Once processed, withdrawals cannot be reversed.

Steps to enrol

Step 1 - enrol on the CFA INSTITUTE SITE -

Step 2 - MAKE PAYMENT           

  • Payment is done via credit card or wire transfer. 
  • If you do not have a credit card – use the Wire-Transfer option, print out the invoice and go to your bank so they can do the Transfer.
  • Please note you can not do an EFT
  • If you have chosen wire transfer and you want to pay by Credit card you need and the other way around – you need to get in contact with the CFA Institute directly
    • You can phone them from a landline 00800 1247 8132
    • Or send them an email

You need to send them your proof of payment so they can allocate the payment to your CFA Number

Step 3 – BOOKS

  • As soon as the CFA Institute receives your payment – they will send you the CFA Curriculum eBook version.
  • You can order the hard copy Curriculums from the CFA Institute – please note – you will be liable for the custom tax and courier fees

 Entry Requirements


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      • Bachelor's (or equivalent degree) or be in the final year of your bachelor's degree program.
      • Candidates in their final year of a bachelor degree can take Level 1 exam.  They can only register for Level 2 after they provide confirmation that they've received their degree and passed Level 1


      • Have 4 years of qualified, professional work experience or a combination of work experience and education that totals at least four years.  Eligible professional experience for entrance to the program instead of a degree does not have to be investment related; part-time positions do not qualify.