CFA® Exam Registration in 2020:
How to Enroll in L1 and L2 Exams
IMPORTANT: Due to COVID pandemic, CFA Institute has made the decision to postpone the June 2020 CFA Exam administration globally. Read more here
June 2020 candidates may register for their exam until 11 March 2020. For those who want to enroll in December 2020 CFA exam, the registration opens on 5 February 2020. Exam registration means you have to pay relevant fees. There are 3 registration fee deadlines: early, standard, and final.
CFA Exam Registration – WhatIs It About?
CFA exam registration is not only about entering the list of candidates and paying for the exam. It is also strongly linked with the CFA Program entrance requirements, scholarships available to many or the responsibility you accept as a candidate when you register for your exam.
CFA Exam Requirements: Can I Enter the Program?
To be able to enroll in the list of exam candidates and sit for your first CFA exam, you must have:
a bachelor’s (or equivalent) degree or be a final-year student.
4 years of professional work experience (investment related or not).
a combination of professional work experience and education totaling 4 years.
Note that residents of Syria, Cuba, North Korea and the Crimea region of the Ukraine, as well as Specially Designated Nationals are prohibited from participating in the CFA Program in accordance with the OFAC Compliance Policy.
Level 1 Registration Step by Step
To register for your level 1 CFA exam, you first need to create an account at the CFA Institute website. Usually, it’s done just before actual registration to the exam. However, if you’re eligible and plan to apply for Access Scholarship or Women’s Scholarship, you will need to register at the CFA Institute website much earlier to be able to submit your scholarship application.
Check if you can apply for a scholarship before you register for your CFA exam.
The next step of your registration involves fee payment. If you are awarded a scholarship, the payment will be substantially reduced.
If you are ineligible for a scholarship, you’ll have to pay relevant fees to register for the exam you want to sit. Your CFA exam cost will depend on when exactly you decide to register. There are 3 registration fee deadlines. The first one is the cheapest because it’s very early, the second is optimal price-wise and time-wise, while the last deadline is rather late and thus the most expensive:
CFA Exam Registration Fees & Deadlines for June 2020 & Dec 2020 Exams
Unfortunately, the enrollment in June 2020 & Dec 2020 CFA exams is more costly than in previous years. In 2020, exam registration fees increase for all deadlines: by USD 50 for the early and standard deadlines and by USD 70 for the final registration fee deadline.
|CFA Exam Cost||June 2020 Registration Deadline||Dec 2020 Registration Deadline|
|Early Registration||USD 700||2 October 2019||25 March 2020|
|Standard Registration||USD 1000||20 February 2020||19 August 2020|
|Final Registration||USD 1450||11 March 2020||9 September 2020|
Additionally, if you register for your first Level 1 CFA exam ever you have to pay a one-time enrollment fee of USD 450 at registration. The amount is the same regardless of the registration deadline or the exam you choose.
CFA Exam Fees Summed Up
|CFA Program Enrollment Fee||CFA Exam Registration Fee|
|USD 450||in USD: 700 (early), 1000 (standard), 1450 (final)|
|your first level 1 CFA exam only||the sooner you register, the lower the fee|
|paid only once||paid before every exam|
|valid throughout your whole candidacy||valid only for particular exam|
|non-refundable**||non-refundable** and non-transferable|
** Limited fee refund availability is regulated by the CFA Program Refund Policy.
The moment you pay for your first Level 1 CFA exam, you enter the CFA Program. It means you accept responsibilities that go hand in hand with your candidacy. During your registration, you are asked to agree to the provisions of Candidate Agreement. It specifies for example possible exam violations and relevant testing policies but it also tells you when your exam can be deferred. You must also submit your Professional Conduct Statement (disclosing relevant reprimands, investigations, litigations, etc.) upon your first CFA exam registration and then annually and before every next exam registration.
Always submit your Professional Conduct Statement on time or you will be excluded from the CFA Program.
The decision about entering the CFA Program can be a long-lasting process. You may know you’d like to take your CFA exam one day but you may need some time before you actually register for an exam. Besides, life often verifies our hopes and postpones our plans.
But even if you do not register for the nearest CFA exam, it’s worth registering at a learning portal like Soleadea the moment you set CFA exam as your future goal. Why? Because a decision about CFA Program enrollment is a serious one and you could surely use some help while getting there. And even more if you actually register for June 2020 or December 2020 exam.
At Soleadea, registration is free and you get your personalized study plan right away. Inside, you’ll find lots of study tools and materials (some are free and some are premium). You’ll get to know how much you should study per week and get some idea of how your study routine should look like. Outside the exam study planner, you’ll also find many valuable contents concerning the CFA designation and CFA exam and you’ll be guided towards the best way to prepare for your exam.
My 1st Registration: Steps to Follow
1. register with CFA Institute
apply for the scholarship if you’re eligible
2. register for your level 1 CFA exam:
wait for your scholarship if you apply
pay the due fees
NOTE: 3 registration fee deadlines + enrollment fee for those ineligible or not accepted for a scholarship;
scholarship application makes certain deadlines unavailable [LEARN MORE]
read and accept your Candidate Agreement + submit your Professional Conduct Statement
3. register at Soleadea – consider making it STEP 1
set up a free CFA exam study plan
get access to many study tools and materials
learn the best way for your study routine based on the weekly approach
June 2020 Level 2 CFA Exam Registration
If you're a level 2 candidate, you can take your exam only in June (Dec is just for L1 candidates).
Basically, enrolling in your level 2 CFA exam does not differ much from your level 1 registration. If – however – you have your doubts, the list below shows how to register for the level 2 exam (or another level 1 exam if you need to retake it):
- You already have your CFA Institute account.
- If you’re eligible for a scholarship – just apply for it before the deadline and then wait for the official decision before you register and pay for your exam [LEARN MORE].
- If you’re ineligible for a scholarship – the same registration fees and deadlines apply, there is no enrollment fee for you, though.
- Candidate Agreement needs to be accepted and Professional Conduct Statement submitted – no change here.
- Also, no changes as far as well-planned prep goes: create a study plan that adapts to your needs but stays demanding!
Smart Preparation Starts With Smart Planning
When your plans have this dangerous tendency to fall through - you need more than just timetabled topics!
You need concrete readings assigned to concrete study weeks,
weekly progress assessments,
and all the means to stay in charge!
CONTROL your CFA exam calendar using WEEKLY study schedules