CFA® Program candidate resources
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Study tools and resources
Access the Learning Ecosystem (LES)
Explore the curriculum, practice questions, mock exams, adaptive study plans, games, flashcards, and Practical Skills Modules. The CFA Program Learning Ecosystem has been updated for the February 2026 exam. Log in to your account to access the correct version.
CFA Program exam outlines
CFA Program Level I exam
Learn foundational concepts, including key investment terms and principles, assessed through multiple-choice questions.
CFA Program Level II exam
Analyze and evaluate complex scenarios with vignette-based questions that test your ability to apply financial concepts.
CFA Program Level III exam
Integrate advanced concepts and apply them to real-world scenarios through item sets and constructed response questions.
Practical Skills Modules
Practical Skills Modules (PSMs) are required parts of the CFA Program, designed to develop real-world skills that complement the CFA curriculum.
Analyst Skills
Analyze best-in-class practices of successful equity research analysts and apply them to your own practice.
Financial modeling
Build a three-statement financial model showcasing an understanding of business issues, design best practices, and technical skills.
Portfolio Development and Construction
Develop, implement, and manage an institutional investor portfolio, drawing from lessons learned in the CFA curriculum and using advanced Excel skills.
Python, Data Science and AI
Develop the skills to execute financial data science workflows using Python by applying advanced machine learning techniques from forecasting EPS changes to sentiment analysis.
Python Programming Fundamentals
Develop fluency in writing Python code for finance-based data science projects using Jupyter Notebooks.
Other useful resources
CFA Program glossary
Explore key terms and definitions to enhance your understanding of the CFA Program content.
Find a CFA Institute Prep Provider
Find a CFA Institute Prep Provider to support your exam preparation.
Mock exams and practice questions
Learn how mock exams and practice questions can enhance your exam preparation.
Practice pack
Enhance your exam preparation with an optional practice pack (paid), featuring additional practice questions and mock exams from CFA Program authors.
Curriculum errata
Find the latest updates and corrections to the curriculum. You can also submit suspected errors for review.
See how membership can elevate your journey
Join CFA Institute as a candidate and unlock access to a global network of investment professionals, exclusive learning opportunities, and valuable career insights.
Exam guide – start to finish
Schedule and manage your exam
Schedule and review the details of your exam appointment in your Candidate Tile.
Registration, scheduling and exam prep
Registration and scheduling
Everything you need to know to register and schedule your exam.
Exam day
Exam day guide
Information about test center logistics, what to bring, and exam security.
Post-exam
Exam results and pass rates
Access your CFA exam results, and check the latest pass rates and results timeline.
Understanding your results
Learn how to interpret your exam score, confidence intervals, and topic performance.
Share your achievement
Guidelines on how to share your CFA Program status or designation on resumes and social media.
Additional resources
Career paths for CFA Charterholders
Discover the wide range of career opportunities for CFA charterholders.
Exam calendar
View important exam dates and deadlines to stay on track with your CFA exam preparation.
Exam policies
Be sure you are aware of all policies that could impact your exam experience.