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CFA Institute Investment Foundations® Exam Information

The Investment Foundations exam is offered year-round in test centers around the world. The exam is computer-based and available in English only.

Test Center Locations

The Investment Foundations exam is offered at many Pearson VUE test centers around the world. After you register, you can schedule your own exam appointment at your preferred test center.

Find an Investment Foundations exam location near you

Program and Exam Fees

Individual Registration: USD 250

The registration fee includes one exam sitting and access to all CFA Institute-provided study materials.

Scholarship and discount opportunities

Bulk pricing for employers

Exam Structure

After you register, you will schedule your exam appointment. You must sit for the exam within 6 months (180 days) of the day your exam registration is confirmed.

The exam is computer-based and consists of 120 multiple choice questions. You have 2 hours to complete the exam.

Prepare for exam day

Investment Foundations Program Policies

Our exam policies and procedures exist to protect the integrity of the Investment Foundations Program and ensure the exam process is fair for all candidates. It is your responsibility to read and understand all testing policies set forth by the Investment Foundations Program.

Investment Foundations Program policies

Candidate agreement

Exam Results

Investment Foundations exam results are either “pass” or “did not pass.” You will receive a preliminary result on-screen when you complete your exam, followed by an official result emailed from CFA Institute within 5 days.

Exam results and retake information

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