CFA exam / CFA 2018 and 2019 dates & schedule

CFA 2018 and 2019 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 and 2019: Detailed Exam Schedule

December 2018

level 1 only

June 2019

level 1, level 2, level 3

START: 24 January 2018 | Mid-August 2018

registration for CFA DEC 2018 | CFA JUNE 2019 exam opens

CFA scholarship deadlines

CFA registration deadlines

some additional CFA 2018 and CFA 2019 dates

CFA Institute study materials availability

exam admission tickets availability

substitution deadlines

CFA EXAM: 1 December 2018 | 15/16* June 2019

CFA test day (NOTE: *16 June: Asia Pacific Level I CFA candidates only!)

FINISH: January 2019 | August 2019

CFA results available

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

CFA Scholarship Deadlines

15 September 2018

Access Scholarship for *CFA 2019* exams

1 September 2018 | 1 February 2019

Other Scholarships for CFA DEC 2018 | CFA JUNE 2019 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 2019 exams passed. However, as of 1 March 2019 you can apply for Access Scholarship for June CFA 2020 exams (levels 1, 2, 3) and December CFA 2020 exam (level 1):

15 September 2019

Access Scholarship for ***CFA 2020*** exams

CFA Registration Deadlines

14 March 2018 | 17 October 2018

first registration (exam fee: USD 650)

12 September 2018 | 13 February 2019

second registration (exam fee: USD 950)

cancelled | 13 March 2019

final registration (exam fee: 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

upon registration

CFA Curriculum (e-book format) + Practice Questions + Mock Exams

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

November 2018 | May 2019

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

17 September 2018 | 22 Oct 2018, 18 Feb & 18 March 2019

disability accommodations requests: 1 date for DEC 2018 | 3 dates for JUNE 2019

17 September 2018 | not given

religious alternate date requests

27 November 2018 | not given

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

1 December 2018 | 15/16* June 2019

* June 2019 CFA candidates sit their exam on 15 June 2019, apart from Asia Pacific Level I candidates who'll take their exam on 16 June 2019.

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

January 2019 | August 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 (December 2017): 43%
CFA level 1 pass rate (June 2018): 43%
CFA level 2 pass rate (June 2018): 45%
CFA level 3 pass rate (June 2018): 56%

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