In how many test cities is the CFA exam conducted?

The CFA exam is conducted in various cities across the world. Some of the cities in India where the CFA exam is conducted are listed below: Ahmedabad Jaipur Kolkata Bengaluru Bhopal Lucknow Mumbai Kochi Chennai Hyderabad Indore Guwahati Pune Chandigarh New Delhi Bhubaneshwar Ranchi Coimbatore Noida Surat Nagpur Vishakhapatnam Raipur

Which are the new test centres added for the CFA exam?

Following test locations for CFA exam were opened from November 2025 session: Addis Ababa, Ethiopia Rabat, Morocco Maputo, Mozambique Mbabane, Swaziland Gurgaon/Gurugram, Haryana, India Nashik, Maharashtra, India Manipal, Karnataka, India

What's new in the CFA exam?

The CFA Institute has made major changes in the CFA program pricing. The one-time enrollment will be scrapped for the year 2026 exams. Changes have also been made in the CFA registration fee. The other changes which have been introduced include the Practical Skills Module (PSM) which is mandatory to view the CFA result and the three specialized pathways which have been included in the Level 3 curriculum. The content from the testable portion of the exam has been reduced so that candidates can concentrate on the content that is highly relevant in the rapidly changing global economy and financial markets. This allows to establish the base knowledge that is needed to begin studying for the exam. It also keeps study time to 300 hours at each level while maintaining the rigor of the Program. The curriculum was updated from February 2024 exam onwards.

Are there any changes in the Level II curriculum of the CFA exam?

The Level II curriculum for the CFA exam has not changed much. It has gone through the same review to improve the instructional design, all current topics have been maintained. The Level III candidates will have the opportunity to choose to be tested on a specialization. The core of the curriculum will remain the same, but candidates will have the opportunity to focus a percentage of their Level III effort on one of three specialised paths: portfolio management, private markets, or private wealth management.

How can I pursue CFA? What is the minimum duration to complete CFA?

To take up CFA program, students have to appear for CFA exam. They can do so by filling CFA application form. They also need to meet CFA exam eligibility criteria. Students have to pass all 3 levels of CFA exam to become CFA charterholder.

How much time is needed to prepare for CFA Level 2 exam?

CFA programme is a rigorous one. Students should have a good preparation plan to clear CFA Level 2 exam. Students should devote at least 300 hours on an average for each level of the CFA exam

Which are the best books for CFA exam preparation?

Name of Books Authors Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions Pearl and Rosenbaum 2021 CFA Level I Kaplan Schweser Strategic Value Investing: Practical Techniques of Leading Value Investors Stephen M. Horan, Robert R. Johnson and Thomas R. Robinson When Genius Failed: The Rise and Fall of Long-Term Capital Management Roger Lowenstein The Cartoon Guide to Statistics Larry Gonick and Woollcott Smith CFA Level I Bhupesh Ananad The Handbook of Fixed Income Securities Frank J. Fabozzi

What is the format of the Level II CFA exam?

CFA Level 2 format is unique as compared to other levels: CFA Level II has item sets, known as vignettes which checks students abilities to apply knowledge rather than just recall facts and definitions. Exam will be conducted in morning and afternoon sessions. Each session will be for 2 hours and 12 minutes, with an optional break. Each set will have 4 or 6 MCQs. Total duration will be 4 hours and 24 minutes Level II CFA exam includes 21 item sets in total. Level II exam builds upon knowledge tested in Level I. It focuses on application of that knowledge to specific real world scenarios

What is the application fee for Level I CFA exam?

CFA application fee is: 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

Can I fill the CFA registration form offline?

No, the CFA application form can only be filled online on the official website CFA Institute. There is no option to submit the CFA form in offline mode. Candidates will have to create an account on CFA website once the registrations begin and fill the CFA registration form through that candidate account. Candidates must also note that no other website hosts the CFA application form other than the official website of CFA Institute. The CFA registration fee can be paid online through Credit cards, such as American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa or offline through wire transfer, ACH, check money order, or postal order. Receipt of payment of the fees will be emailed to the candidates. Candidates have to simply follow the instructions to pay the fee. Candidates must note that fee payment is mandatory for CFA form filling. Until the fee is paid successfully, the form will not be accepted. Thus, candidates must check the fee payment acknowledgement slip after making the payment.

How to choose the test centre location during the CFA registration?

The CFA exam is conducted at 400 locations globally. Candidates can follow the steps mentioned below to know how to choose the CFA test centre location according to their preference: Register for the CFA exam Schedule the exam appointment View the test centre options along with available seating Choose your preferred test centre location as per the planned CBT test centre locations Once the location is confirmed, keep checking daily for new appointments that could be added. Candidates should note the appointments must be scheduled by the deadline (typically 60 days before the start of the exam window). If the candidate does not see available appointments in their desired exam location, they can continue to check back through the scheduling function for availability to be added in the coming days. Appointments are based on a first-come, first-served basis.

How can I download my CFA admit card?

Go to CFA Institute website, cfainstitute.org Log in to candidate portal using username and password. Go to section for downloading admit card and click on admit card link Download admit card in PDF format and print it out. Candidates should bring a coloured copy of CFA admit card to exam centre on the exam day.

What should I do if there is an error in my CFA admit card?

Students should contact CFA Institute, if there error in CFA admit card. To avoid issues on exam day, students should get errors rectified. Students have to submit supporting documents to get rectifications.

Is the CFA admit card mandatory on the exam day?

CFA admit card is a mandatory document which is to be carried to alloted CFA exam centre. Admit card will be ticket to enter the exam centre to take CFA exam. Students should paste a recent coloured passport-size photograph on the admit card on the space provided. Without the admit card, students will not be allowed to take the CFA exam. The admit card can be downloaded online from the candidate portal.

Is 65 score enough for passing the CFA exam?

Each level of the CFA exam has its own criteria and passing score. CFA institute sets a MPS which changes with each cycle for the newly registered candidates. Some years test takers will receive an overall CFA score of 65% and fail, and in some years they may receieve a score of 62% and pass. The scoring plays a role in deciding the overall pass score in CFA exam. In general, an overall score of 70% and above will help you pass the CFA exam.

Can I see my individual section CFA cores, or is it just a pass or fail result?

For the Level 1 exam candidates, the CFA Institute will only release a pass or fail result. There will be no detailed result breakdown in any specific section or cores. They will only receive a performance band, if they pass the exam. On the other hand, CFA level 2 and 3 candidates will receive a pass or fail result along with the detailed breakdown of the CFA result and scorecard. Along with the performance band, they can check how they did in the sections and core areas.

What is the Angoff Method in CFA exam results?

Angoff Method is used by subject matter experts to decide probability of a student answering each question correctly in CFA exam. These probabilities range from 0 to 100 and are then averaged for each question. Then the averages are added to find the final cutoff or minimum passing score in CFA exams.

What information is included in the CFA exam results?

Name CFA Institute ID Exam level and month Pass or Fail status Minimum Passing Score Score of the candidate Confidence interval Grey line or actual scaled score

Can I access my CFA admit card on the exam day from my phone?

Candidates should note that although the CFA admit card can be downloaded on the phone, it is not advisable. The candidates have to carry a coloured printout of the CFA admit card to the exam centre, hence, they will have to download the same on a desktop or a laptop. The last date to download the admit card will be the exam day. Before downloading the CFA admit card, students should check the information printed on it.

Are any scholarships offered for the CFA programme?

Yes, three scholarships can be availed by the students for thw CFA programme. These are: Access Scholarship: This scholarship is for the students who may not be able to afford the CFA programme fee Student Scholarship: This scholarship is for the students who are currently attending an affiliated university Professor Scholarship: This scholarship is for the full-time college or university professors, administrators or department heads. Students who have already registered for an exam and are awaiting results will not be eligible to avail any of the above mentioned scholarships.

Why has the CFA institute introduced specialised pathways for Level 3?

The CFA institute has introduced the specialised pathways because: Career discovery Mastering a specific field Choosing which field aligns best with interests and aspirations of the students Credentialing. Passing a challenging exam for the role will benefit the candidates by benefiting their clients and their employers.

Can I change my pathway after registering for the level 3 CFA exam?

No, candidates cannot change their pathway in the middle of the CFA registration process. If the candidate is taking the CFA Level 3 exam for the second time, then they have the option of changing their specialised pathway. The content for all the three pathways are available online for CFA preparation.

Which PSM is available for Level 2 exam?

The following PSM is availabel for the Level 2 CFA exam: Analyst Skills Python, Data Science and AI Python Programming Fundamentals

Which specialised pathway is available for Level 1 CFA exam?

Candidates should complete their PSM in order to view their CFA result. Each PSM takes about 10-20 hours to complete. The level 1 CFA exam has the following PSMs: Financial Modelling Python Programming Fundamentals

CFA 2026: Level 2 November Result 2025 (OUT), Registration, Syllabus, Eligibility, Pass Rate

122 Students Q&A

Exam On - 29 Jan '26 - 2 Feb '26

Updated on Jan 29, 2026 18:16 IST

By Saumya Jain, Assistant Manager- Content

CFA 2026 February: CFA 2026 February registration started on April 29, 2025. The last date to register for the February 2026 CFA exam was October 29, 2025. The rescheduling deadline for the Level 1 exam was January 22, 2026, and for the Level 2 exam was January 18, 2026. CFA Level 1 exam 2026 will be conducted from February 2, 2026, to February 8, 2026. Level 3 will be conducted from January 29, 2026, to February 1, 2026.

CFA 2026 August: CFA registration 2026 for the August session started on November 11, 2025. The early registration deadline was January 21, 2026. The registration for August exam closes on May 6, 2026.

CFA 2026 November: The early registration deadline for the November exam is April 15, 2026.

Table of contents

What is CFA Exam?
CFA Exam 2026 Exam Dates & Schedule
CFA Exam 2026 Highlights
CFA Exam Results 2025
CFA Exam Pattern 2026
CFA Syllabus 2026
CFA Registration 2026
CFA Eligibility Criteria 2026
CFA Exam Centres 2026
CFA Admit Card 2026
CFA Selection Process
CFA Exam Contact Information

What is CFA Exam?

CFA Exam 2026 Exam Dates & Schedule

Take a look at the table below for the complete schedule of CFA Exam 2026 exam

Dates	Upcoming Exam Dates
29 Jan ' 26 - 02 Feb ' 26	CFA 2026 February Level 3 Exam ONGOING
12 Aug ' 25 - 12 Feb ' 26	CFA 2026 Registrations (Level 1&2 May) ONGOING
02 Feb ' 26 - 08 Feb ' 26	CFA 2026 February Level 1
18 Feb ' 26	CFA 2026 Level 1&2 May Scheduling Deadline
01 May ' 26	CFA 2026 Level 1 May Rescheduling Deadline
08 May ' 26	CFA 2026 Level 2 May Rescheduling Deadline
12 May ' 26 - 18 May ' 26	CFA 2026 May Level 1 Exam
View more Future Events (3)

Dates	Past Exam Dates
22 Jan ' 26	CFA 2026 Rescheduling Deadline (Feb Level 1)
22 Jan ' 26	CFA 2026 February Level 1 Rescheduling Deadline
21 Jan ' 26	CFA 2026 Early Registration Deadline (August Sessions)
View More Past Events (12)

CFA Exam 2026 Highlights

CFA Exam Results 2025

CFA Exam Pattern 2026

CFA Syllabus 2026

CFA Registration 2026

DeskCalendar Registration: 12 Aug ' 25 - 12 Feb ' 26

CFA Eligibility Criteria 2026

CFA Exam Centres 2026

CFA Admit Card 2026

CFA Selection Process

https://www.cfainstitute.org/pages/index.aspx

Official Website: https://www.cfainstitute.org/pages/index.aspx

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CFA 2026: Level 2 November Result 2025 (OUT), Registration, Syllabus, Eligibility, Pass Rate

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CFA Exam 2026 Exam Dates & Schedule

CFA Exam 2026 Highlights

CFA Exam Results 2025

CFA Exam Pattern 2026

CFA Syllabus 2026

CFA Registration 2026

CFA Eligibility Criteria 2026

CFA Exam Centres 2026

CFA Admit Card 2026

CFA Selection Process

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How Hard Is CFA Exam? A Comprehensive Analysis of All Three Levels of CFA Exam

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CFA Exam 2026: Cost, Curriculum and Difficulty Level

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