Last updated: December 05, 2022

CFA exam / CBT IN 2023

Computer-Based CFA Exams in 2023: Feb, May, Aug, Nov

In 2023, the CFA exam will take place:

  • level 1 – FEB 14-20, MAY 16-22, AUG 22-28, and NOV (not yet given),
  • level 2 – MAY 23-27, AUG 29-SEPT 2, and NOV (not yet given),
  • level 3 – FEB 21-13 and AUG 29-SEPT 5.

So, there will be 4 level 1 CFA exam windows, 3 level 2 CFA exam windows, and 2 level 3 CFA exam windows available to CFA candidates in 2023.

Of course, all CFA exams will be computer-based and there'll be no single date when candidates are told to sit their exam. You will be 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 previously announced CFA exam calendar. The idea was to make 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
Feb L1 L2 L1 L3
May L1 L3 L1 L2
Aug L1 L2 L3 L1 L2 L3
Nov 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 of 2023 CFA exam windows:


  1. Feb 2023 Level 1 CFA Exam Dates
  2. Feb 2023 Level 3 CFA Exam Dates
  3. May 2023 Level 1 CFA Exam Dates
  4. May 2023 Level 2 CFA Exam Dates
  5. Aug 2023 Level 1 CFA Exam Dates
  6. Aug 2023 Level 2 CFA Exam Dates
  7. Aug 2023 Level 3 CFA Exam Dates
  8. Level 1 CFA Exam Windows in 2023
  9. Level 2 & Level 3 CFA Exams in 2023


Feb 2023 Level 1 CFA Exam Dates

The Feb 2023 level 1 CFA exam window is from 14 to 20 February. The CFA exam registration opens on 10 May 2022 and closes on 8 Nov 2022.


More about Level 1 CFA exam?


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 10 May and it closes on 16 Nov. You can find more dates and details for the Feb 2023 level 1 CFA exam here .


FEB 2023 CFA Exam Window Registration Dates Scheduling Dates
Level 1 14-20 Feb 2023 10 May - 8 Nov 2022 10 May - 16 Nov 2022
Level 3 21-23 Feb 2023 10 May - 8 Nov 2022 10 May - 16 Nov 2022

Feb 2023 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 2023 level 3 CFA exam registration also opens on 10 May 2022 and closes on 8 Nov 2022. Moreover, the scheduling window also opens on 10 May and closes on 16 Nov. However, the Feb 2023 level 3 exam window is from 21 to 23 February. You can find more dates and details for the Feb 2023 level 3 CFA exam here .


May 2023 Level 1 CFA Exam Dates

The May 2023 level 1 CFA exam window is from 16 to 22 May. The registration opens on 9 Aug 2022 and closes on 31 Jan 2023.

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 Aug and it closes on 15 Feb 2023. You can find more dates and details for the May 2023 level 1 CFA exam here .


MAY 2023 CFA Exam Window Registration Dates Scheduling Dates
Level 1 16-22 May 2023 9 Aug 2022 - 31 Jan 2023 9 Aug 2022 - 15 Feb 2023
Level 2 23-27 May 2023 9 Aug 2022 - 31 Jan 2023 9 Aug 2022 - 15 Feb 2023


May 2023 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 2022 level 2 CFA exam registration also opens on 9 Aug 2022 and closes on 31 Jan 2023. Moreover, the scheduling window also opens on 9 Aug and closes on 15 Feb 2023. However, the May 2023 level 2 exam window is from 23 to 27 May. You can find more dates and details for the May 2023 level 2 CFA exam here .


August 2023 Level 1 CFA Exam Dates

The August 2023 level 1 CFA exam window is from 22 to 28 Aug. The registration opens on 14 Nov 2022 and closes on 9 May 2023.

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 14 Nov and it closes on 24 May 2023. You can find more dates and details for the August 2023 level 1 CFA exam here .


August 2023 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 2023 level 2 CFA exam registration also opens on 14 Nov 2022 and closes on 9 May 2023. Moreover, the scheduling window also opens on 14 Nov and closes on 24 May 2023. However, the Aug 2023 level 2 exam window is from 29 Aug to 2 Sept. You can find more dates and details for the Aug 2023 level 2 CFA exam here .


AUG 2023 CFA Exam Window Registration Dates Scheduling Dates
Level 1 22-28 Aug 2023 14 Nov 2022 - 9 May 2023 14 Nov 2022 - 24 May 2023
Level 2 29 Aug - 2 Sept 2023 14 Nov 2022 - 9 May 2023 14 Nov 2022 - 24 May 2023
Level 3 29 Aug - 5 Sept 2023 14 Nov 2022 - 9 May 2023 14 Nov 2022 - 24 May 2023

August 2023 Level 3 CFA Exam Dates

The Aug 2023 level 3 exam window is from 29 Aug to 5 Sept. The Aug 2023 level 3 registration opens on 14 Nov 2022 and closes on 9 May 2023. The scheduling window also opens on 14 Nov but closes on 24 May 2023. You can find more dates and details for the Aug 2023 level 3 CFA exam here .


4 Level 1 CFA Exam Windows in 2023

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 EXAM IN 2023

February

May

August

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 2023 & pass you can take your level 2 exam in August 2023
  • in May 2023 & pass you can take your level 2 exam in November 2023
  • in August 2023 & pass you can take your level 2 exam in May 2024
  • in November 2023 & pass you can take your level 2 exam in May 2024

Level 2 & Level 3 CFA Exams in 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 is greater. In 2023, level 2 will be held three times a year and level 3 – twice a year:

LEVEL 2 EXAM IN 2023

May

August

November


More about Level 2 CFA exam?


LEVEL 3 EXAM IN 2023

February

August


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 May 2023 & pass you can take your level 3 exam in February 2024
  • if you take your level 2 exam in August 2023 & pass you can take your level 3 exam in February 2024
  • if you take your level 2 exam in November 2023 & pass you can take your level 3 exam in August 2024

Also note that:

  • if you take your level 2 exam in May 2023 & fail you can retake in November 2023
  • if you take your level 2 exam in August 2023 & fail you can retake in May 2024
  • if you take your level 2 exam in November 2022 & fail you can retake in May 2024
  • if you take your level 3 exam in February 2023 & fail you can retake in August 2023
  • if you take your level 3 exam in August 2023 & fail you can retake in February 2024


Published: Jan 25, 2021



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