When is the CFA Exam 2025? Check Important Dates, Cost and Rescheduling Rules

Chartered Financial Analyst Exam 2025 ( CFA Exam )

DeskCalelnderRegistration - 14 Oct '25

Saumya
Saumya Jain
Assistant Manager- Content
Updated on Oct 8, 2025 14:16 IST

CFA exam registrations for the year 2026 are underway. Those who are planning to appear for the CFA exam must know the CFA exam schedule and events. Read the article below to know more.

When is the CFA Exam: If you plan to appear for the CFA exam, the first important thing to know is when the CFA exam be conducted. ­­­­­­­­The Chartered Financial Program (CFA) is a professional course which is offered by the CFA Institute. It is a graduate-level programme divided into three levels, i.e. Level 1, Level 2 and Level 3. Each Level has various CFA exam windows. For instance, the CFA Level 1 exam is conducted in February, May, August and November. Likewise, the Level 2 and Level 3 exams also have various exam windows throughout the year.

In this article, Shiksha.com shares the details of the CFA schedule and CFA exam dates for each level of exam. Read below to know more.

Table of content
  • CFA Exam Schedule: Usual Timeline
  • CFA Level 1 Exam Dates 2025
  • CFA Level 2 Dates 2025
  • CFA Level 3 Dates 2025
  • Other Important CFA Exam Dates 2026
  • How to Register for the CFA Exam?
  • CFA Application Fee 2025
View More

CFA Exam Schedule: Usual Timeline

This year, the CFA institute will be conducted in the following months:

  • Level 1 is conducted in February, May, August and November
  • Level 2 is conducted in May, August and November
  • Level 3 is conducted only in February and August

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CFA Level 1 Exam Dates 2025

Check out the important CFA level 1 dates and events below:

CFA Level 1 August 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 1 August exam:

Event

Date

Registrations and scheduling begin

06-Nov-2024

Early registration deadline

29-Jan-2025

Deadline to register with invoice payment option

27-Mar-2025

Last date of registration

06-May-2025

Scheduling deadline

13-May-2025

Rescheduling deadline

09-Aug-2025

CFA Level 1 2025 August exam

20-Aug-2025 to 26-Aug-2025

CFA result 2025 for August

07-Oct-2025

Also Read: CFA admit card 2025

CFA Level 1 November 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 1 November exam:

Event Dates
Registration Begin 12-Feb-2025
Early registration deadline 09-Apr-2025
Invoice payment deadline 26-Jun-2025
Last date of registration 05-Aug-2025
Scheduling deadline 12-Aug-2025
Rescheduling deadline 01-Nov-2025
CFA Level 1 November 2025 exam  12-Nov-2025 to 18-Nov-2025
Q:   How will I get the study material for CFA course?
A:

Mentioned below are the ways to obtain the study material

  1. CFA Institute provides an official curriculum for each exam level of CFA program. The curriculum covers all the required topics and is considered the primary source of the study material for the CFA exam. Students are given the option to purchase the curriculum directly from the institute's website. 
  2. Many third-party vendors also offer study materials for the CFA exam which is specifically designed to help the aspirants prepare for the exam. These materials often include study guides, practice questions, mock tests, online course and/or video lectures. 
  3. There are various online sources as well. Websites, forums and online communities dedicated to CFA exam preparation provide free or low-cost study materials, practice papers, and other helpful preparation tips. 
Q:   What should I wear on the CFA exam day?
A:

There is no dress code, so wear what you’re comfortable in – within reason, of course. We recommend that you dress in layers so that you can adjust and keep comfortable as needed. Candidates must make sure that they reach the exam centre at least an hour before the exam starts. It is not mandatory to wear suits to the CFA exam centre. The attire should be decent and comfortable. 

Q:   Can I delay my CFA exam?
A:

Candidates who have already applied for the CFA exam have the option of deferring or delaying their CFA exam to the next exam window. Students who are unable to take the exam for any reason which cannot be avoided, can request for a deferral. But, the deferral will be approved by the CFA institute and only then it will be allowed. 

Students also need to pay a deferral fee of 250 US dollars if the deferral is approved. Once approved, candidates will also be required to submit the supporting documents, such as a medical certificate in case of an illness.

The CFA Institute will review the deferral request and assess the validity of the reasons given. If they find the request to be genuine then the candidate may be granted the deferral.

CFA Level 1 February 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 1 February exam:

Event

Date

Registrations begin

09-May-2024

Early registration deadline

09-Jul-2024

Deadline to register with invoice payment option

28-Sep-2024

Last date of registration

07-Nov-2024

Scheduling deadline

12-Nov-2024

Rescheduling deadline

18-Jan-2025

CFA Level 1 2025 February exam

17-Feb-2025 to 23-Feb-2025

CFA Level 1 Result 2025

04-Apr-2025

Also Read:

CFA exam preparation tips How Hard Are the CFA Exams?

CFA Level 1 May Exam 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 1 May exam:

Event

Date

Registrations and scheduling begin

08-Aug-2024

Early registration deadline

09-Oct-2024

Deadline to register with invoice payment option

28-Dec-2024

Last date of registration

06-Feb-2025

Scheduling deadline

11-Feb-2025

Rescheduling deadline

03-May-2025

CFA Level 1 2025 May exam

14-May-2025 to 20-May-2025

CFA Level 1 May Result 2025

26-Jun-2025

Also Read: What to Expect of CFA Level 1 Exam

Complete Overview of CFA Level 1 Dates 2025

CFA 2025 Level 1 Dates

CFA 2025 Level 1 Dates

CFA Level 2 Dates 2025

Check out the important CFA exam dates and events for the Level 2 CFA exam.

CFA Level 2 August Exam 2025 Dates and Events

The table below depicts the CFA schedule for the 2025 Level 2 August exam:

Event

Date

Registrations and scheduling begin

06-Nov-2024

Early registration deadline

29-Jan-2025

Deadline to register with invoice payment option

27-Mar-2025

Last date of registration

06-May-2025

Scheduling deadline

13-May-2025

Rescheduling deadline

16-Aug-2025

CFA Level 2 2025 August exam

27-Aug-2025 to 31-Aug-2025

CFA Level 2 August 2025 result

09-Oct-2025 (tentative)

Also Read: What to Expect of CFA Level 2?

CFA Level 2 November Dates 2025

The table below depicts the CFA schedule for 2025 Level 2 November exam:

Events Dates
Registration Begin 12-Feb-2025
Early registration deadline 09-Apr-2025
Invoice payment deadline 26-Jun-2025
Last date of registration 05-Aug-2025
Scheduling deadline 12-Aug-2025
Rescheduling deadline 08-Nov-2025
CFA Level 2 November 2025 exam  19-Nov-2025 to 23-Nov-2025

CFA Level 2 May Dates and Events 2025

The table below depicts the CFA exam dates 2025 Level 2 May exam:

Events Dates
Registration and scheduling window opens 08-Aug-2024
Early registration deadline 16-Oct-2024
Deadline to register with invoice payment 28-Dec-2024
Last date to fill CFA exam application form 06-Feb-2025
Scheduling deadline 11-Feb-2025
Rescheduling deadline 10-May-2025
CFA L2 May Exam 2025 21-May-2025 to 25-May-2025
CFA Level 2 May result 2025 01-Jul-2025

Complete Overview of CFA Level 2 Dates

CFA 2025 Level 2 Dates

CFA 2025 Level 2 Dates

Q:   Should I use the optional 30 minute break in the CFA exam? What should I bring for the break?
A:

Yes, we think it is useful to have that break. You can use it to have a light snack, drink and use the toilet before heading in for the second session. It’s actually not a long break. You won’t be allowed to eat snacks or drink during the exam, but you can and should bring your own light snack and water – something that keeps well in room temperature for your optional 30 minute break. Going back in late for second session will eat into your exam time, so be mindful of this.

Q:   Will there be a place to keep things that I cannot bring into the CFA exam hall?
A:

Candidates may or may not be provided with a private locker at the CFA exam centre. However, candidates can always visit the CFA exam centre a day before the exam so to know the location of the exam centre, the time it would take for you to reach the centre and also if the locker service is available at the alloted exam centre or not. The exam will be conducted in the computer-based test mode, hence, the candidates should only bring the necessary things with them.

Q:   What should I carry on the CFA exam day?
A:

The CFA exam is conducted in the computer-based test mode across various test centres. The students appearing for the CFA exam must carry their CFA hall ticket to the centre to gain entry at the CFA exam centre. Along with the admit card, students should also carry a valid international travel passport, approved calculator, water in a clear bottle, and/or items of personal care such as bandages, cast, cervical collar, cough drops, eyedrops, earplugs (without string), glucose tablet, facemask, medicine, etc. 

CFA Level 3 Dates 2025

Check out the important CFA dates and events for the Level 3 exam.

CFA Level 3 August Exam 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 3 February exam:

Event

Date

Registrations begin

06-Nov-2024

Early registration deadline

29-Jan-2025

Deadline to register with invoice payment option

27-Mar-2025

Last date of registration

06-May-2025

Scheduling deadline

13-May-2025

Rescheduling deadline

04-Aug-2025

CFA 2025 Level 3 August exam

15-Aug-2025 to 19-Aug-2025

CFA exam result 2025 for Level 3 (August exam)

16-Oct-2025 (tentative)

CFA Level 3 February 2025 Dates and Events

The table below depicts the CFA schedule for 2025 Level 3 February exam:

Event

Date

Registrations begin

09-May-2024

Early registration deadline

09-Jul-2024

Deadline to register with invoice payment option

28-Sep-2024

Last date of registration

07-Nov-2024

Scheduling deadline

12-Nov-2024

Rescheduling deadline

18-Jan-2025

CFA 2025 Level 3 February exam

13-Feb-2025 to 16-Feb-2025

CFA Level 3 Result 2025 

22-Apr-2025

Also Read:

Complete Overview of CFA 2025 Level 3 Dates

CFA 2025 Level 3 Dates

CFA 2025 Level 3 Dates

Other Important CFA Exam Dates 2026

Check out the table below to know the other important CFA exam dates 2026:

Events Dates
CFA February 2026 registration deadline 29-Oct-2025
CFA May 2026 early registration deadline 14-Oct-2025

How to Register for the CFA Exam?

Follow the steps mentioned below to know how to fill out the CFA application form 2025:

  • Visit the official website of the CFA Institute
  • Click on the application link or copy https://login.cfainstitute.org/LoginApplication
  • Create a login account with the candidate’s email ID.
  • The candidate will be asked to enter their name, email ID, and password, and enter a security question.
  • After they’ve created an account, they can log in and fill up the form.
  • They can pay the enrollment fee online through Credit cards: American Express, Diner’s Club, Discover, JCB,  MasterCard, UnionPay, or Visa
  • The CFA registration fee can also be paid offline through wire transfer, ACH, check money or postal orders. Receipt of payment of the fees will be emailed to the candidates.

Also Read: 

CFA syllabus 2025 CFA exam pattern 2025

CFA Application Fee 2025

Check out the table below to know the CFA application fee 2025:

Levels CFA program fee 2025 CFA program fee 2026
CFA One-Time Enrollment Fee USD 350 USD 0
CFA Level 1 Early Bird Registration Fee USD 990 USD 1,140
CFA Level 1 Registration Fee (Standard) USD 1,290 USD 1,490
CFA Level 2 Early Bird Registration Fee USD 990 USD 1,140
CFA Level 2 Registration Fee (Standard) USD 1,290 USD 1,490
CFA Level 3 Early Bird Registration Fee USD 1,090 USD 1,240
CFA Level 3 Registration Fee (Standard) USD 1,390 USD 1,590

Note: The one-time enrollment fee is only for Level I registration. This fee cannot be applied to the subsequent exams (Level II and III). All fees are to be paid in US Dollars only.

Read More:

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About the Author
author-image
Saumya Jain
Assistant Manager- Content
Saumya brings over seven years of editorial experience, with more than five years of wielding pen (and keyboard) at Shiksha. A graduate in English Literature from Delhi University, she is a storyteller at heart. A t Read Full Bio
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