CFA 2023- Exam dates (Out), Application, Exam Pattern, Syllabus & Selection Process

The CFA level I May session exam will be conducted from May 16 to May 22. CFA level II May session exam will be conducted from May 23, 2023, to May 27, 2023. The registration for level I, II and III August exams concludes on May 9, 2023, and the scheduling deadline is May 24, 2023. The CFA rescheduling deadline for the Level I May exam was April 14, 2023. The rescheduling deadline for the Level II May exam was April 21, 2023. The deadline to register with invoice payment for the August exams was March 25, 2023. CFA 2023 Level 1 February exam was conducted from February 14 to February 20. The level III February exam was conducted from February 21 to February 23. Candidates who wish to appear for the CFA exams can apply online.

Latest Updates:

May 24, 2023: CFA 2023 scheduling deadline today for August session exams.

What is CFA?

The Chartered Financial Analyst programme is a professional course offered by the US-based CFA Institute. The programme aims to grant ‘The CFA charter’ to investment and financial professionals to help them further their career goals. CFA is a graduate-level program divided into three levels of the exam -I, II and III. The CFA exam will be conducted in computer-based test mode. The exam for the December session is held across 6 cities. The programme covers a broad range of financial aspects including investment management, financial analysis, stocks, bonds, and derivatives. CFA exam pattern and level of complexity differ with each level of the exam. 

The CFA 2023 exam will be conducted at the CFA institute's global test centre and is administered by Prometric and British Council. CFA results for Level I and II are made available within 60 days of the exam date and within 90 days for Level III candidates. Candidates are required to clear all three levels of the exam as per their sequence. CFA exams are offered in English only. A candidate who successfully completes the programme is declared as a ‘CFA charter holder. There are over 1.2 lakh CFA members across 35 countries in the world. 

CFA 2023: What's New?

From the year 2021 onwards, all the CFA program exams are being conducted in the computer-based test mode. The number of questions in the CFA program exam has been reduced to 180. The duration of the exam has also been reduced. There would be no more June exams at any level. Level II and Level III will use the same item set (vignettes) and essay format (Level III) used for the paper-based exams. The total number of item sets on the exam might vary slightly. The Level II exam will be conducted three times a year and Level III exam will be conducted twice. 

CFA Eligibility Criteria 2023

Eligibility criteria for CFA first level are given below:

• The candidate must possess an international travel passport

The candidate must also fulfil one of the following:

Undergraduate:

• The candidate must be a graduate or a final-year bachelor’s degree student. (To register for the Level II exam, the candidate must have completed a bachelor's degree programme) or

Work experience:

• The candidate must possess four years of work experience or a combination of work experience and education that totals at least four years

CFA Exam 2023 Highlights

Take a look at the table below to know the important details of the CFA exam 2023.

CFA Registration 2023

CFA registration is a two-step process. It includes enrolling for the CFA exam online and completing the application fee payment. The second step in the CFA program registration is scheduling the exam. Candidates can choose their test centre and exam date according to their preference and availability. The candidates are required to schedule their exams before the scheduling deadline. The application process for each level is announced six months in advance. The aspirants can register for the desired level, prepare for the qualifying exam in the next six months and then appear for it. 

The application forms are made available online on the official website of CFA and are to be filled in and submitted along with the registration fee before the last day. 

Also Read: Complete CFA registration process

CFA Selection Process 2023

The course is divided into three levels:

Level I: Focus on basic knowledge of ten topic areas and simple analysis using an investment tool

Level II: Emphasis on the application of concepts and investment tools with a focus on the valuation of all THE assets.

Level III: Focus on applying all the methods and concepts learned for effective portfolio management and wealth planning.

The exam for each level will be for six hours each, the suggested preparation plan is for six months.

CFA Exam Centres 2023

CFA exams are held across 170 cities in June and 70 cities in December across various exam centres around the world. In India, the CFA exam is conducted in 11 cities. Candidates are required to select the CFA exam centres location while registering for the exam. Candidates can also request a change in the CFA exam centre after completion of the registration process. The exam centres are allotted to candidates as per their preferences and availability of seats. The details of the exam centre are mentioned on the CFA admit card.

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