CFA Program Exam Calendar

How Long Does It Take?

  • For each exam level, plan on approximately six months of preparation
  • Successfully complete the three exams sequentially and accumulate 48 months of approved work experience
  • Successful candidates take an average of four years to complete the program
Learn more

The calendars below provide approximate timelines for upcoming exams.

You may register for one exam at a time. Once you have received your exam result, you may register for the next one. If you fail an exam, we encourage you to re-take it.

Note: CFA Program exams are held on Saturday only. This ensures that all candidates receive a similar exam day experience and strengthens the security of the CFA Program.

View the exam fee schedule

December 2014 Exam Calendar (Level I only)

January 2014
December exam registration opens
13 March 2014
First fee schedule deadline to register for the December exam
March 2014
Practice tests and mock exam available
20 August 2014
Second fee schedule deadline to register for the December exam
17 September 2014
Final fee schedule deadline to register for the December exam
23 September 2014
Final deadline for disability and religious alternate date accommodation requests to be received by CFA Institute
13 October 2014
Test center change request deadline
November 2014
Exam admission tickets become available
6 December 2014
Exam day
December 2014–January 2015
Exams graded
January 2015
Exam results are available

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

July 2014
June 2015 exam registration opens
24 September 2014 First fee schedule deadline for the June 2015 exam
January 2015 Mock exams become available
2 February 2015
Awareness scholarship application deadline
18 February 2015
Second fee schedule deadline for June 2015 exam
18 March 2015
Final fee schedule deadline to register for June 2015 exam
Late March 2015
Final deadline for disability and religious alternate date accommodation requests to be received by CFA Institute
20 April 2015
Test center change request deadline
Early May 2015
Exam admission tickets become available
6 June 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