CFA exam / CFA 2018 dates & schedule

CFA 2018 Exam Dates & Schedule

Below we present all CFA exam dates every candidate should find useful. Because the CFA calendar is full of important dates, we arranged our CFA exam schedule into categories. See which one you’re currently most interested in.

CFA 2018: Detailed Exam Schedule

June 2018

level 1, level 2, level 3

December 2018

level 1 only

START: 27 July 2017 | 24 January 2018

registration for CFA JUNE 2018 | CFA DEC 2018 exam opens

CFA scholarship deadlines

CFA registration deadlines

some additional CFA 2018 dates

CFA Institute study materials availability

exam admission tickets availability

substitution deadlines

CFA EXAM: 23 June 2018 | 1 December 2018

CFA test day

FINISH: August 2018 | January 2019

CFA results available

Note: all the deadlines end at 11:59 p.m. ET.

CFA Scholarship Deadlines

15 September 2017

Access Scholarship for *CFA 2018* exams

1 February 2018 | 1 September 2018

Awareness Scholarship for CFA JUNE 2018 | CFA DEC 2018 exams

Remember: if you want to apply for CFA Access Scholarship, the deadline expires in September of the year before the exam you wish to take. That is why Access Scholarship application deadline for CFA 2018 exams passed. However, as of 1 March 2018 you can apply for Access Scholarship for June CFA 2019 exams (levels 1, 2, 3) and December CFA 2019 exam (level 1):

15 September 2018

Access Scholarship for ***CFA 2019*** exams

CFA Registration Deadlines

27 September 2017 | 14 March 2018

early registration (exam fee: USD 650)

14 February 2018 | 22 August 2018

standard registration (exam fee: USD 950)

14 March 2018 | 12 September 2018

final registration (NEW! exam fee: USD 950 instead of USD 1,380)

Note that the second CFA registration deadline is the best with its most attractive price relative to the timing of payment. If you wait till the final registration deadline, you’ll defer your registration fee payment at most a month but you will pay over USD 400 more.

Also note that newcomers to the CFA Program have to pay one-time program enrolment fee of USD 450. The amount is the same regardless of the CFA registration deadline you choose.

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CFA Institute study materials availability

always upon registration

CFA Curriculum (e-book format) + Practice Questions

October 2017 | upon registration

Mock Exams for CFA JUNE 2018 | CFA DEC 2018 candidates

You will receive an electronic version of your CFA Curriculum upon registration for free. Upon registration or at a later date, you may also purchase a printed version for USD 150 + costs of shipping and customs. You may also choose to print your e-book by yourself.

Practice Questions and Mock Exams are available after logging into the CFA Institute website and they are free of charge for all registered candidates.

Exam admission tickets availability

May 2018 | November 2018

You will get an e-mail information when your exam admission ticket is available. You must carefully check all the data written in the ticket and make sure it is correct. Notify CFA Institute in case of any inaccuracies. Before the exam, print out your admission ticket (check if all information is visible!) and bring it with you! Otherwise, you will not be admitted to the testing room and you will forfeit your registration fee.

Note that before you are allowed to view you admission ticket, you will be asked to agree to all kinds of terms and conditions. It is important that you read the CFA exam policies which explain everything you need to know about the exam other than the required material.

Substitution deadlines

19 March 2018 | 17 September 2018

disability and religious alternate date requests

17 April 2018 | 17 September 2018

test centre change requests

CFA exam date is fixed. If, however, it is unsuitable to you for religious reasons, you may submit your religious alternate date request. Also the disabled may count on support if needed. If your impairment prohibits you from sitting for the exam like other candidates, you may ask for necessary adaptation. You need to document your disability and fill in some forms available at the CFA Institute website. CFA Institute also offers a possibility of change to all those who need to alter their test centre location, e.g. as a result of moving to another city.

CFA exam date

23 June 2018 | 1 December 2018

The CFA test consists of two sessions and you must sit for both of them, first morning, then afternoon.

If you are late more than half an hour after the exam starts, you will not be admitted. Also, you must not leave the testing room before the end of the session.


CFA results availability

August 2018 | January 2019

You will wait about 60 days for your CFA level 1 and CFA level 2 result and about 90 days for your CFA level 3 result. Pass rates vary across levels:
CFA level 1 pass rate (June 2017): 43%
CFA level 1 pass rate (December 2017): 43%
CFA level 2 pass rate (June 2017): 47%
CFA level 3 pass rate (June 2017): 54%

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