Updated: September 13, 2024

CFA exam / CFA IN 2024 & 2025

Computer-Based CFA Exams in 2024 & 2025: Feb, May, Aug, Nov

2024 CFA Exam Dates

In 2024, the CFA exam takes place:

  • level 1 – FEB 19-25, MAY 15-21, AUG 20-26, and NOV 13-19,
  • level 2 – MAY 22-26, AUG 27-31, and NOV 20-24,
  • level 3 – FEB 15-18 and AUG 16-19.

2025 CFA Exam Dates

The FEB 2025 CFA exam registration opens on 9 May 2024, while for the MAY 2025 CFA exam you can register from 8 Aug. The AUG 2025 registration is open since 6 Nov 2024. Here are the already available 2025 CFA exam dates:

  • level 1 – FEB 17-23, MAY 14-20, AUG 20-26
  • level 2 – MAY 21-25, AUG 27-31
  • level 3 – FEB 13-16 and AUG 15 -19.

First 2025 study plans are available now.



Changed CFA Exam Calendar

Currently, CFA Institute makes 4 level 1 CFA exam windows, 3 level 2 CFA exam windows, and 2 level 3 CFA exam windows available to CFA candidates.

All CFA exams are computer-based and there's no single date when candidates are told to sit their exam. Instead, you are asked to self-schedule your CFA exam date within the exam window you choose via a dedicated platform.

In 2022, CFA Institute made some shifts and additions to the CFA exam calendar. The idea was to make the level 2 exam more available and to speed up the release of level 3 results (which has always been more time-consuming than for level 1 and level 2). The details are given in the table below. If no further changes are introduced, the 2023 schedule is going to apply in the future:

CFA EXAM 2022 2023 2024/2025
Feb L1 L2 L1 L3 L1 L3
May L1 L3 L1 L2 L1 L2
Aug L1 L2 L3 L1 L2 L3 L1 L2 L3
Nov L1 L2 L1 L2 L1 L2

As of 2022, there are 4 level 1 CFA exam windows (Feb, May, Aug, and Nov). The level 2 CFA exam takes place 3 times a year, whereas the level 3 exam is held twice per annum. The Nov level 2 exam window is a new addition to the CFA exam schedule. In 2022, the last level 3 CFA exam was moved from Nov to Aug. In 2023, there will be further movements for level 2 and level 3 exams, namely the first 2023 level 2 CFA exam will take place in May, while the level 3 exam will be held as soon as Feb.

Here are the nearest dates for all 4 CFA exam windows:


  1. Nov 2024 Level 1 CFA Exam Dates
  2. Nov 2024 Level 2 CFA Exam Dates
  3. Feb 2025 Level 1 CFA Exam Dates
  4. Feb 2025 Level 3 CFA Exam Dates
  5. May 2025 Level 1 CFA Exam Dates
  6. May 2025 Level 2 CFA Exam Dates
  7. Aug 2025 Level 1 CFA Exam Dates
  8. Aug 2025 Level 2 CFA Exam Dates
  9. Aug 2025 Level 3 CFA Exam Dates
  10. 6 Months Rule for Level 1 Exam
  11. 6 Months Rule for Level 2 & Level 3 Exams

November 2024 Level 1 CFA Exam Dates

The November 2024 level 1 CFA exam window is from 13 to 19 Nov. Registration opens on 8 Feb 2024 and closes on 7 Aug 2024.

After you register for your exam, you must self-schedule your exam appointment using the so-called ProScheduler available on a dedicated platform. The scheduling window opens on 8 Feb and closes on 13 Aug 2024. You can find more dates and details for the Nov 2024 level 1 CFA exam here .


NOV 2024 CFA Exam Window Registration Dates Scheduling Dates
Level 1 13-19 Nov 2024 from 8 Feb
to 7 Aug 2024
from 8 Feb
to 13 Aug 2024
Level 2 20-24 Nov 2024 from 8 Feb
to 7 Aug 2024
from 8 Feb
to 13 Aug 2024


Nov 2024 Level 2 CFA Exam Dates

Some of the level 1 and level 2 November CFA exam dates are the same and some differ.

So, the Nov 2024 level 2 CFA exam registration also opens on 8 Feb 2024 and closes on 7 Aug 2024. Moreover, the scheduling window also opens on 8 Feb and closes on 13 Aug 2024. However, the November 2024 level 2 exam window is from 20 to 24 Nov. You can find more dates and details for the Nov 2024 level 2 CFA exam here .


Feb 2025 Level 1 CFA Exam Dates

The Feb 2025 level 1 CFA exam window is from 17 to 23 February. Registration opens on 9 May 2024 and closes on 7 Nov 2024.

After you register for your exam, you must self-schedule your exam appointment using the so-called ProScheduler available on a dedicated platform. The scheduling window opens on 9 May and closes on 12 Nov. You can find more dates and details for the Feb 2025 level 1 CFA exam here .


FEB 2025 CFA Exam Window Registration Dates Scheduling Dates
Level 1 17-23 Feb 2025 from 9 May
to 7 Nov 2024
from 9 May
to 12 Nov 2024
Level 3 13-16 Feb 2025 from 9 May
to 7 Nov 2024
from 9 May
to 12 Nov 2024

FIRST 2025 STUDY PLANS AVAILABLE!


Feb 2025 Level 3 CFA Exam Dates

Some of the level 1 and level 3 Feb CFA exam dates are the same and some differ.

So, the Feb 2025 level 3 CFA exam registration also opens on 9 May 2024 and closes on 7 Nov 2024. Moreover, the scheduling window also opens on 9 May and closes on 12 Nov. However, the Feb 2025 level 3 exam window is from 13 to 16 February. You can find more dates and details for the Feb 2025 level 3 CFA exam here .


May 2025 Level 1 CFA Exam Dates

The May 2025 level 1 CFA exam window is from 14 to 20 May. Registration opens on 8 Aug 2024 and closes on 6 Feb 2025.

After you register for your exam, you must self-schedule your exam appointment using the so-called ProScheduler available on a dedicated platform. The scheduling window opens on 8 Aug 2024 and closes on 11 Feb 2025. You can find more dates and details for the May 2025 level 1 CFA exam here .


MAY 2025 CFA Exam Window Registration Dates Scheduling Dates
Level 1 14-20 May 2025 from 8 Aug 2024
to 6 Feb 2025
from 8 Aug 2024
to 11 Feb 2025
Level 2 21-25 May 2025 from 8 Aug 2024
to 6 Feb 2025
from 8 Aug 2024
to 11 Feb 2025

May 2025 Level 2 CFA Exam Dates

Some of the level 1 and level 2 May CFA exam dates are the same and some differ.

So, the May 2025 level 2 CFA exam registration also opens on 8 Aug 2024 and closes on 6 Feb 2025. Moreover, the scheduling window also opens on 8 Aug 2024 and closes on 11 Feb 2025. However, the May 2025 level 2 exam window is from 21 to 25 May. You can find more dates and details for the May 2025 level 2 CFA exam here .


August 2025 Level 1 CFA Exam Dates

The August 2025 level 1 CFA exam window is from 20 to 26 Aug. Registration opens on 6 Nov 2024 and closes on 6 May 2025.

After you register for your exam, you must self-schedule your exam appointment using the so-called ProScheduler available on a dedicated platform. The scheduling window opens on 6 Nov 2024 and closes on 13 May 2025. You can find more dates and details for the August 2025 level 1 CFA exam here .



August 2025 Level 2 CFA Exam Dates

Some of the level 1 and level 2 August CFA exam dates are the same and some differ.

So, the August 2025 level 2 CFA exam registration also opens on 6 Nov 2024 and closes on 6 May 2025. Moreover, the scheduling window also opens on 6 Nov 2024 and closes on 13 May 2025. However, the Aug 2025 level 2 exam window is from 27 to 31 Aug. You can find more dates and details for the Aug 2025 level 2 CFA exam here .


AUG 2025 CFA Exam Window Registration Dates Scheduling Dates
Level 1 20-26 Aug 2025 from 6 Nov 2024
to 6 May 2025
from 6 Nov 2024
to 13 May 2025
Level 2 27-31 Aug 2025 from 6 Nov 2024
to 6 May 2025
from 6 Nov 2024
to 13 May 2025
Level 3 15-19 Aug 2025 from 6 Nov 2024
to 6 May 2025
from 6 Nov 2024
to 13 May 2025

August 2025 Level 3 CFA Exam Dates

The Aug 2025 level 3 exam window is from 15 to 19 Aug. The Aug 2025 level 3 registration opens on 6 Nov 2024 and closes on 6 May 2025. The scheduling window also opens on 6 Nov 2024 but closes on 13 May 2025. You can find more dates and details for the Aug 2025 level 3 CFA exam here .


6 Months Rule for Level 1 CFA Exam

For nearly 20 years, the level 1 exam was held twice a year, in June and December. Since 2021, the level 1 CFA exam has moved to computer-based testing and now it's available more often. As of 2022, it's intended to be held 4 times a year: in February, May, August, and November.

LEVEL 1 CFA EXAM WINDOWS

Feb

May

Aug

Nov


More about Level 1 CFA exam


However, even though the level 1 exam will be available 4 times per year, you will be able to register only twice a year! That’s because CFA Institute wants to stick to the official rule of 6 months minimum between exams (which basically means you cannot register for the adjacent level 1 exams). So:

  • if you take your level 1 exam in February & fail you can retake it in August
  • if you take your level 1 exam in May & fail you can retake it in November
  • if you take your level 1 exam in August & fail you can retake it in February
  • if you take your level 1 exam in November & fail you can retake it in May

The rule of 6 months also works between levels. So:

  • if you take your level 1 exam in February & pass you can take your level 2 exam in August
  • if you take your level 1 exam in May & pass you can take your level 2 exam in November
  • if you take your level 1 exam in August & pass you can take your level 2 exam in May
  • if you take your level 1 exam in November & pass you can take your level 2 exam in May

6 Months Rule for Level 2 & Level 3 CFA Exams

In the past, level 2 and level 3 CFA exams were organized once a year, in June. Now, with CBT introduced also for level 2 and level 3 candidates, the accessibility of the exams is greater. In 2024, level 2 will be held three times a year and level 3 – twice a year:

LEVEL 2 CFA EXAM WINDOWS

May

Aug

Nov


More about Level 2 CFA exam


LEVEL 3 CFA EXAM WINDOWS

Feb

Aug


More about Level 3 CFA exam



Of course, the rule of 6 months between levels applies. So:

  • if you take your level 2 exam in November 2024 & pass you can take your level 3 exam in August 2025
  • if you take your level 2 exam in May 2025 & pass you can take your level 3 exam in February 2026
  • if you take your level 2 exam in August 2025 & pass you can take your level 3 exam in February 2026

Also note that:

  • if you take your level 2 exam in November 2024 & fail you can retake it in May 2025
  • if you take your level 2 exam in May 2025 & fail you can retake it in November 2025
  • if you take your level 2 exam in August 2025 & fail you can retake it in May 2026
  • if you take your level 3 exam in February 2025 & fail you can retake it in August 2025
  • if you take your level 3 exam in August 2025 & fail you can retake it in February 2026


Published: Jan 25, 2021




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CFA Exams, CBT Format
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2024+ CFA Program Changes