CFA® Exams in 2022, All Dates & Levels

In 2022, the CFA exam is intended to take place 4 times for level 1 – in February, May, August, and November. For level 2 and level 3, it's going to be twice. Feb and Aug is saved for level 2, and May and Nov – for level 3 candidates.

Of course, all exams will be computer-based and there'll be no single date when candidates are told to sit their exam. Instead, exam windows will be given for every month and level. You will be asked to self-schedule your CFA exam date via a dedicated platform within the exam window you choose.

When the CFA exam moved to computer-based testing in 2021, it was supposed to take place 4 times for level 1 (Feb, May, Aug, and Nov) and twice for both level 2 (May and Aug) and level 3 (May and Nov). The COVID-19 pandemic made it necessary for CFA Institute to open more exam windows. However, as a rule, the 2022 calendar is going to apply in the future:

* In 2021, due to the COVID-19 pandemic, there's a total of 6 level 1 CFA exam windows open: in Feb, March, May, July, Aug, and Nov. For level 2 and level 3, as shown above in the table, exams are available in May, Aug, and Nov.

The Feb 2022 level 1 exam window is from 15 to 21 February. The CFA exam registration opens on 13 May 2021 and closes on 1 Nov 2021.

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 13 May and it closes on 17 Nov. You can find more dates and details for the Feb 2022 level 1 CFA exam here .

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

So, the Feb 2022 level 2 CFA exam registration also opens on 13 May 2021 and closes on 1 Nov 2021. Moreover, the scheduling window also opens on 13 May and closes on 17 Nov. However, the Feb 2022 level 2 exam window is from 22 to 26 February. You can find more dates and details for the Feb 2022 level 2 CFA exam here .

The May 2022 level 1 CFA exam window is from 17 to 23 May. The registration opens on 20 July 2021 and closes on 1 Feb 2022.

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 20 July and it closes on 16 Feb 2022. You can find more dates and details for the May 2022 level 1 CFA exam here .

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

So, the May 2022 level 3 CFA exam registration also opens on 20 July 2021 and closes on 1 Feb 2022. Moreover, the scheduling window also opens on 20 July and closes on 16 Feb 2022. However, the May 2022 level 3 exam window is from 24 to 26 May. You can find more dates and details for the May 2022 level 3 CFA exam here .

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.

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

The rule of 6 months also works between levels. So, if you take your level 1 exam:

• in February 2022 & pass you can take your level 2 exam in August 2022
• in May 2022 & pass you can take your level 2 exam in February 2023
• in August 2022 & pass you can take your level 2 exam in February 2023
• in November 2022 & pass you can take your level 2 exam in August 2023

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 gets doubled. In 2022, level 2 and level 3 exams will alternate each quarter. So: level 2 will take place in February, level 3 in May, level 2 in August, and level 3 in November.

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

• if you take your level 2 exam in February 2022 & pass you can take your level 3 exam in November 2022
• if you take your level 2 exam in August 2022 & pass you can take your level 3 exam in May 2023

Also note that:

• if you take your level 2 exam in February 2022 & fail you can retake already in August 2022
• if you take your level 2 exam in August 2022 & fail you can retake already in February 2023
• if you take your level 3 exam in May 2022 & fail you can retake already in November 2022
• if you take your level 3 exam in November 2022 & fail you can retake already in May 2023

Published: Jan 25, 2021