August 2023 Level 1 CFA® Exam Dates & Fees

There is no fixed August 2023 level 1 exam date. You can choose to take your CFA exam on one of the days from 22 to 28 Aug. To take your exam on your chosen date, you need to self-schedule your exam.

* Importantly, the 22-28 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 2023 level 1 exam dates related to registration and scheduling.

1. CFA EXAM WINDOW: 22-28 Aug 2023

Your August 2023 level 1 CFA exam date will be somewhere between 22 and 28 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 22-28 Aug, so read your test center info carefully when registering for and scheduling your CFA exam.

2. REGISTRATION STARTS: 14 Nov 2022

The registration window for the August 2023 level 1 exam opens on 14 November 2022. First, you need to register for your August exam, which means you need to pay due fees.

IMPORTANT: August 2023 CFA exam registration fees go up. The early-bird registration fee is USD 900 (up from USD 700) and the standard registration fee is USD 1200 (up from USD 1000).

The August 2023 CFA exam fees paid at registration are: USD 900 or USD 1200, 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 350 (which is down, BTW, from 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 24 May 2023.

3. EARLY REGISTRATION DEADLINE: 1 Feb 2023

There's a special registration fee for early birds and it's $900 (it increases for 2023 CFA exams). It applies from 14 November to 1 February.

Please note that for computer-based CFA exams the early registration deadline used to be the Pay-by-Invoice deadline. However, for the August 23 exam, the Pay-by-Invoice deadline is 25 March.

4. REGISTRATION CLOSES: 9 May 2023

The standard registration fee for 2023 CFA exams is $1200 (which is higher than in 2022 or 2021). It applied from 2 February to 9 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.

5. SCHEDULING DEADLINE: 24 May 2023

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 24 May 2023. 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.

6. RESCHEDULING DEADLINE: 21 July 2023

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.

For 2023 CFA exams, the optional CFA exam rescheduling fee is USD 250 per each re-appointment.

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.

7. RESULTS: early-October 2023

CFA Institute has even 60 days for releasing level 1 CFA exam results. However, the August 2023 level 1 CFA exam results should be available approx. 5-7 weeks post-exam. The most probable date is 3 or 10 October 2023. As always, the Minimum Passing Score (MPS) will be established after the exam by the Board of Governors (read more).

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

• if you pass your Aug 2023 exam the closest level 2 exam you can take is in May 2024, and
• if you fail your Aug 2023 exam the soonest you can retake your level 1 exam is in Feb 2024 and then – if you pass – you can take your level 2 exam in Aug 2024.
• (read more about 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 Issuers 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. Read more about the new CBT level 1 CFA exam format.

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

* IMPORTANT! Before 2022, CFA Program curriculum referred to Financial Statement Analysis as Financial Reporting and Analysis (FRA for short) and to Corporate Issuers as Corporate Finance.

Published: Nov 4, 2020