Last updated: July 06, 2022

CFA exam / Level 1 / AUG 2022

Aug 2022 Level 1 CFA Exam

CFA exam date for August 2022 level 1 candidates is between 23 and 29 Aug* – that's the exam window. The August 2022 CFA exam registration starts on 26 October. Learn about all CFA exam dates, from registration to results, before your Aug 2022 CFA exam.





YOUR AUGUST 2022 LEVEL 1 CFA EXAM DATE

There is no fixed August 2022 level 1 exam date. You can choose to take your CFA exam on one of the days from 23 to 29 Aug. To take your exam on your chosen date, you need to self-schedule your exam.


* Importantly, the 23-29 August exam window may vary depending on your test center or geographic area. What it means is that for your chosen test center, there may be fewer exam dates available, i.e. the exam window may be shorter. That is why it is significant that you check the test center info when registering for and scheduling your level 1 exam.

Below, you can find all August 2022 level 1 exam dates related to registration and scheduling.


LEVEL 2 AUG 2022? HERE


AUGUST 2022 LEVEL 1 CFA EXAM DATES

REGISTRATION TO RESULTS


CFA EXAM WINDOW: 23-29 Aug 2022

period of time when you can take your exam

START: 26 Oct 2021

registration & scheduling window for the AUG 2022 exam opens

EARLY REGISTRATION DEADLINE: 9 Feb 2022 (changed from 1 Feb)

early bird fee is USD 700, standard fee is USD 1000

REGISTRATION DEADLINE: 3 May 2022

registration closes but you can still schedule your exam

SCHEDULING DEADLINE: 25 May 2022

no scheduling but rescheduling option is still available

RESCHEDULING DEADLINE: 23 July 2022

there's a rescheduling fee for each re-appointment

RESULTS: mid-October 2022

AUG 2022 CFA exam results should be released 6-7 weeks post-exam


NOTE: All the deadlines end at 11:59 p.m.


AUGUST 2022 LEVEL 1 CFA EXAM
DATES EXPLAINED

  1. CFA EXAM WINDOW: 23-29 Aug 2022
  2. Your August 2022 level 1 CFA exam date will be somewhere between 23 and 29 August. As already said, the exact length of the exam window depends on the test center you choose and the geographic region you live in. Actually, it may be shorter than 23-29 Aug, so read your test center info carefully when registering for and scheduling your CFA exam.

  3. REGISTRATION STARTS: 26 Oct 2021
  4. First, you need to register for your August exam, which means you need to pay due fees.

    The Aug 2022 exam fees paid at registration are: USD 700 or USD 1000, depending on when you register. Also, if you're a newcomer to CFA Program, you'll need to pay a one-time enrollment fee of USD 450.

    After you register, you're bound to self-schedule your exam within the exam window available in your area. The scheduling deadline is not until 25 May 2022.

  5. EARLY REGISTRATION DEADLINE: 9 Feb 2022
  6. There's a special registration fee for early birds and it's $700. It applies from 26 October to 9 February.

    Please note that for computer-based exams, the early registration deadline is also the Pay-by-Invoice deadline.

  7. REGISTRATION CLOSES: 3 May 2022
  8. The standard registration fee is $1000. It applied from 2 February to 3 May. In the past, there was also the so-called late or final registration fee, which was even higher but it's been dropped for computer-based exams.

  9. SCHEDULING DEADLINE: 25 May 2022
  10. After you register, you're bound to self-schedule your exam within the exam window available for the August level 1 exam in your area. To this end, you'll need to use the so-called ProScheduler via a dedicated platform.

    Importantly, scheduling is free of charge and the scheduling period is longer than the registration period. For the August exam, it ends on 25 May 2022. If you fail to schedule your exam appointment, you won’t be able to take your CFA exam and you'll forfeit your registration fees.

  11. RESCHEDULING DEADLINE: 23 July 2022
  12. A new CFA exam fee, called rescheduling fee, has been introduced for computer-based exams. It means that you can still change your CFA exam date and/or test center after you register for and schedule your August exam. You may change the date and/or test center as many times as you want but every change is going to cost you money.

    In 2021, the optional CFA exam rescheduling fee was down to USD 25 per re-appointment. However, it is back to the originally intended USD 250 per re-appointment in 2022.

    In 2022, the CFA exam rescheduling fee is USD 250 per re-appointment, which has always been the intended amount. In 2021, the rescheduling fee was USD 25 for each re-appointment of the CFA exam. However, the fee was reduced substantially owing to the difficult pandemic situation which made people postpone and reschedule their exams oftentimes. Now, as things start to get more predictable, the fee's going up to the original amount.

    When does the rescheduling option come in handy?

    It may happen that the optimal-for-you exam date and/or test center is already taken at the time when you schedule your exam. But you will judge it reasonable to schedule your exam anyway. After that, you can go back and check your preferred test center for seating availability at your optimal exam date. As soon as it's available to you, you'll be able to make amendments upon paying your rescheduling fee.

  13. RESULTS: mid-October 2022
  14. CFA Institute has even 60 days for releasing level 1 CFA exam results. However, the August 2022 level 1 CFA exam results should be available approx. 6-7 weeks post-exam. The most probable date is 11 or 13 October 2022. As always, the Minimum Passing Score (MPS) will be established after the exam by the Board of Governors (read more).


AFTER YOU PASS YOUR
AUGUST EXAM

After you take your CFA exam, mind the rule of 6-months-between-exams according to which:

  • if you pass your Aug 2022 exam the closest level 2 exam you can take is in Feb 2023, and
  • if you fail your Aug 2022 exam the soonest you can retake your level 1 exam is in Feb 2023 and then – if you pass – you can take your level 2 exam in Aug 2023.
  • (read more about 2022 & 2023 CFA exams)

To pass your level 1 exam, there are some things you need to know. For starters, the exam will be divided into 2 sessions, 135 minutes each, with an optional break meanwhile. You can expect 90 multiple-choice questions in each session.

The topics you'll be tested on will be divided into 4 groups: (i) Ethics, (ii) Investment Tools, (iii) Corporate Finance and Portfolio Management, and (iv) Investment Assets. You'll find groups (i) and (ii) during SESSION 1 and groups (iii) and (iv) during SESSION 2. Questions may be shuffled within a group. Once you finish the first session you won’t be able to go back. But you can go back and forth within one session. To learn more about computer-based CFA exams, see here

Here's what you may expect in August question-wise:


TOPIC WEIGHTS vs NO. OF QUESTIONS
IN 2022

CFA Exam Topics Level 1 Weights No. of Questions
(Estimations)
Ethics 15-20% 28
Quantitative Methods 8-12% 18
Economics 8-12% 18
Financial Reporting and Analysis* 13-17% 26
Corporate Finance* 8-12% 16
Equity Investments 10-12% 20
Fixed Income 10-12% 20
Derivative Investments 5-8% 10
Alternative Investments 5-8% 10
Portfolio Management 5-8% 14
TOTAL 100% 180 questions

* IMPORTANT! In your 2022 CFA exam curriculum, you will find new names for 2 topics. Financial Reporting and Analysis, FRA for short, changes its name to Financial Statement Analysis and Corporate Finance to Corporate Issuers. Because the change is quite recent, we use the well-known old names here.


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