CFA®
Exam Dates
Level I and Level II CFA® Exam Dates
Covid-19 Update: For the safety of our global community, CFA Institute has made the decision to postpone the following exam administrations.
Get more info.
Postponed Exam Dates:
- June 2020
- December 2020
Level I Test Dates
Level II Test Dates
How difficult is it to pass the CFA Exam?
Historically, the 10-year average pass rate of CFA Level I and CFA Level II is less than 45%.†
The pass rates listed below are from the most recently taken exams.
CFA Level I Exam Pass Rate
- June 2019 CFA Level I exam pass rate: 41%
- December 2019 CFA Level I exam pass rate: 42%
CFA Level II Exam Pass Rate
- June 2019 CFA Level II exam pass rate: 44%
CFA Level III Exam Pass Rate
- June 2019 Level III exam pass rate: 56%
What is the recommended amount of time
to study for the CFA Exams?
The CFA has stated that candidates should spend an average of 300 hours studying for each level of the CFA Program exam. Therefore, you need to prep right with the resources tailored for passing the exam. It’s all about efficient results—our courses are designed to help students pass the exam in only 120 study hours. Learn More >
CFA Program Pass Guaranteed*
Your guide to passing the Level I or Level II CFA exam. Guaranteed.*
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