Higher CFA® Exam Fees in 2025! Standard Fee Even USD 1390...
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IMPORTANT!
CFA Program registration for the 2025 CFA exams is open. The 2025 level 1 CFA exam registration fee is either USD 990 for early birds or USD 1290 of the standard fee but there are also other CFA exam costs, including USD 350 of the one-time enrollment fee. See below when to register.
Note that the 2025 CFA exam registration fees are higher than the 2024 registration fees. Moreover, in 2025 CFA candidates will pay different fees depending on their exam level. The level 1 & level 2 2025 early-birds fee is USD 990, while standard fee is USD 1290. The level 3 2025 early-birds fee is USD 1090, while standard fee is USD 1390. Read on for more.
- All CFA exam fees
- 2025 Level 1 CFA exam fees
- 2025 Level 2 CFA exam fees
- 2025 Level 3 CFA exam fees
- Minimum CFA exam cost
- Other CFA exam costs
All CFA Exam Fees in 2025
Level 1, 2, 3
There are 3 kinds of CFA exam fees, namely:
- enrollment fee (USD 350),
- registration fee (early over USD 900 or standard over USD 1200), and
- rescheduling fee (USD 250).
CFA exam fees are the same for all candidates worldwide, regardless of whether you come from the USA, the UK, India, or any other country. Currently – i.e., if you start your CFA exam adventure in 2025 – the minimum CFA exam cost is USD 3420 and it has increased from USD 3170 (due to the new registration fees). This minimum cost of USD 3420 only includes the payment for your participation in the CFA Program, i.e., your ability to take the 3 levels of the CFA exam. In other words, it does not allow for any other prep costs.
In this blog post, we explain in detail all the fees and the overall CFA exam cost, including the CFA exam course fee, whose amount you can choose if you use our portal for additional help in your CFA exam preparation. YEP, you can decide how much you pay for some extra study materials and tools because we use the Pay-What-You-Can policy .
$350 of CFA Program Enrollment Fee
The enrollment fee is a one-time fee of USD 350 paid when you register for your FIRST level 1 CFA exam. This cost is obligatory for you to get enrolled in the list of CFA candidates and to enter the CFA Program (which is comprised of 3 levels). It implies your commitment to the CFA Program.
Over $900 of CFA Exam Registration Fee
In 2025, CFA exam registration fees increase. There are 2 types of CFA exam registration fees but they depend on the exam level you take:
- level 1 early fee of $990 (up by USD 50),
- level 2 early fee of $990 (up by USD 50),
- level 3 early fee of $1090 (up by USD 150),
- level 1 standard fee of $1290 (up by USD 40),
- level 2 standard fee of $1290 (up by USD 40), and
- level 3 standard fee of $1390 (up by USD 140).
As of 2025, the registration fees are NOT the same for all 3 levels of the CFA exam. See below for the deadlines applicable to your 2025 exam.
$250 of CFA Exam Rescheduling Fee
The CFA exam rescheduling fee is a new fee introduced for CBT exams (all levels). Its purpose is to make the rescheduling of your CFA exam appointment possible even after the registration and scheduling periods for your exam have been closed.
Each rescheduling of your appointment will cost you USD 250. Costs aside, it’s good that CFA Institute provides such an option. Why? CBT exams will be held within a longer exam window (not on one single day as it was before). You’ll need to decide when exactly to take your exam and then self-schedule using the so-called ProScheduler available on a dedicated platform. The problem is your ideal date and test center may be already taken. That’s one example when the rescheduling option may come in handy. You may still try to change your exam date and/or test center if the one you initially chose is not the most convenient. Mind that the exam scheduling is done on the first come, first served basis so it may not be the best idea to delay your exam appointment reservation.
For your CFA exam, you need to:
- register + pay the applicable fees
- schedule your exam (no payment)
- reschedule, if you wish, after making an additional payment ($250 each re-appointment)
2025 Level 1 CFA Exam Fees and Deadlines
In 2025, 4 level 1 exam windows are available to CFA candidates, in Feb, May, Aug, and Nov. Registration for 2025 level 1 CFA exams is now open. Currently, the MAY & AUG 2025 CFA exam registration windows are open and the FEB registration window is already closed. The exact CFA exam registration fee depends on when you register for your exam:
The deadlines end at 11:59 p.m. ET.
FEB 2025 CFA exam registration window closed on 7 Nov 2024.
| Feb 2025 Level 1 Fees | WHEN? |
|---|---|
| $350 enrollment fee | at registration if applicable |
| $990 early registration fee | until 9 July 2024 |
| $1290 standard registration fee | until 7 Nov 2024 |
| $250 rescheduling fee | until 18 Jan 2025 |
Feb 2025 Level 1 scheduling window: 9 May – 12 Nov 2024 | L1 EXAM: 17-23 Feb 2025
Pay by Invoice deadline: 28 Sept 2024
MAY 2025 CFA exam registration window opens on 8 Aug 2024.
| May 2025 Level 1 Fees | WHEN? |
|---|---|
| $350 enrollment fee | at registration if applicable |
| $990 early registration fee | until 16 Oct 2024 |
| $1290 standard registration fee | until 6 Feb 2025 |
| $250 rescheduling fee | until 14 Apr 2025 |
May 2025 Level 1 scheduling window: 8 Aug 2024 – 11 Feb 2025 | L1 EXAM: 14-20 May 2025
Pay by Invoice deadline: 28 Dec 2024
AUG 2025 CFA exam registration window opens on 6 Nov 2024.
| Aug 2025 Level 1 Fees | WHEN? |
|---|---|
| $350 enrollment fee | at registration if applicable |
| $990 early registration fee | until 29 Jan 2025 |
| $1290 standard registration fee | until 6 May 2025 |
| $250 rescheduling fee | until 21 July 2025 |
Aug 2025 Level 1 scheduling window: 6 Nov 2024 – 13 May 2025 | L1 EXAM: 20-26 Aug 2025
Pay by Invoice deadline: 27 March 2025
Level 2 and Level 3 CFA Exam Fees
For level 2 and level 3 CFA exams, there’s no enrollment fee. However, you need to pay your registration fee, which always depends on when you register. The 2025 CFA exam registration fees and deadlines are given below.
2025 Level 2 CFA Exam Fees and Deadlines
The deadlines end at 11:59 p.m. ET.
MAY 2025 CFA exam registration window opens on 8 Aug 2024.
| May 2025 Level 2 Fees | WHEN? |
|---|---|
| $990 early registration fee | until 16 Oct 2024 |
| $1290 standard registration fee | until 6 Feb 2025 |
| $250 rescheduling fee | until 14 Apr 2025 |
May 2025 Level 2 scheduling window: 8 Aug 2024 – 11 Feb 2025 | L2 EXAM: 21-25 May 2025
Pay by Invoice deadline: 28 Dec 2024
AUG 2025 CFA exam registration window opens on 6 Nov 2024.
| Aug 2025 Level 2 Fees | WHEN? |
|---|---|
| $990 early registration fee | until 29 Jan 2025 |
| $1290 standard registration fee | until 6 May 2025 |
| $250 rescheduling fee | until 28 July 2025 |
Aug 2025 Level 2 scheduling window: 6 Nov 2024 – 13 May 2025 | L1 EXAM: 27-31 Aug 2025
Pay by Invoice deadline: 27 March 2025
2025 Level 3 CFA Exam Fees and Deadlines
The deadlines end at 11:59 p.m. ET.
FEB 2025 CFA exam registration window closed on 7 Nov 2024.
| Feb 2025 Level 3 Fees | WHEN? |
|---|---|
| $1090 early registration fee | until 9 July 2024 |
| $1390 standard registration fee | until 7 Nov 2024 |
| $250 rescheduling fee | until 18 Jan 2025 |
Feb 2025 Level 3 scheduling window: 9 May – 12 Nov 2024 | L3 EXAM: 13-16 Feb 2025
Pay by Invoice deadline: 28 Sept 2024
AUG 2025 CFA exam registration window opens on 6 Nov 2024.
| Aug 2025 Level 3 Fees | WHEN? |
|---|---|
| $1090 early registration fee | until 29 Jan 2025 |
| $1390 standard registration fee | until 6 May 2025 |
| $250 rescheduling fee | until 14 July 2025 |
Aug 2025 Level 3 scheduling window: 6 Nov 2024 – 13 May 2025 | L1 EXAM: 15-19 Aug 2025
Pay by Invoice deadline: 27 March 2025
TYPES OF CFA EXAM FEES: SUMMARY
- enrollment fee:
obligatory first level 1 exam only USD 350 one-time payment - registration fee:
obligatory all 3 levels each exam you take or retake over USD 900 or over USD 1200 depending on when you register - rescheduling fee:
optional all 3 levels each exam you take or retake USD 250 per exam re-appointment - cost of print version of the curriculum:
optional all 3 levels around USD 299 plus shipping fee per level post-registration
CFA Exam Cost: How Much Will I Pay for 3 Exam Levels?
The minimum total cost of the CFA Program is now USD 3420, which includes a one-time enrollment fee of USD 350 and a discounted early registration fee for the 3 levels of the CFA exam. It means that if you start your CFA exam adventure in 2025, you'll pay no less than USD 3420. This value is up as of 2025 from the previous USD 3170.
MINIMUM COST OF CFA EXAM (all 3 levels) in 2025:
USD 350 of enrollment fee + 2 x USD 990 + 1 x USD 1090 of early registration fee (lvl 1 + lvl 2 + lvl 3) = USD 3420
(no rescheduling nor any additional costs included)
The minimum total CFA exam cost of USD 3420 leaves out any other costs, e.g. printed curriculum or additional study materials. Also, it allows no retakes or rescheduling. While rescheduling is an option you can surely do without, you will likely need to retake an exam or two before you actually pass all 3 levels of your CFA exam.
Scholarships May Reduce Your CFA Exam Cost
The lowest CFA exam cost available to CFA candidates is when they are eligible for CFA Institute Access Scholarship which waives the enrollment fee and reduces the registration fee to USD 400. If the Access Scholarship is awarded to you for each level, then you may cut your total CFA exam cost down to 3x400 = USD 1200! (assuming you always pass at the first attempt).
Also, CFA Institute Student Scholarship waives the enrollment fee and reduces the registration fee to USD 600. If you are awarded the scholarship for level 1, your total CFA exam cost may be reduced to 600 + 990 + 1090 = USD 2680, but you need to be a qualifying student when entering the CFA Program. And if your school allows the scholarship for all levels, your total CFA exam cost may be reduced even to 3x600 = USD 1800.
Reduce CFA exam cost: check your scholarship eligibility
Any Other CFA Exam Costs?
CFA exam fees are the direct cost. But there are also some indirect costs which may include:
- time,
- cost of study materials,
- travel costs (exam day),
- accommodation costs (exam day),
- lost opportunities, etc.
Time is a valuable currency – there’s no denying it. One of the time-related truths about the CFA exam is that: the later you start your CFA exam prep, the lower your chance to pass gets!
There’s no need to put it off. You want to be smart and responsible about your CFA exam prep. You can join us by creating a free CFA exam study plan where you'll be able to:
- manage your study time effectively,
- see your chance to pass grow as you progress,
- unlock all the study tools and review apps inside your study plan.
Our study planner may be used with any kind of study resources because we know that CFA Program candidates like to use different study aids when preparing for their exam. In the market, you’ll find a whole spectrum of study materials ranging in price and quality. We go for easy solutions great for studying and revision /levels 1 & 2/: (1) bite-sized videos, (2) exam-type questions you can generate into tests varying in length and difficulty, (3) formulas you can view inside our special app, (4) abridged topic notes in the form of short printable e-books.
CFA Exam Course Fee at Soleadea
The course fee for using our CFA exam platform is groundbreaking!
You can have your CFA exam study plan + some extra study/review materials such as videos, practice questions, mocks, or e-books that can help you better prepare for your CFA exam at a fee you choose! Our Pay-What-You-Can policy allows you to go for the monthly fee you can afford and you get access to everything we currently offer.
Once again: The sooner you start to prepare for your exam, the better results you can expect.
AND REMEMBER: Each time you fail an exam, you lose not only your time and the money you paid for the exam but also an opportunity for promotion and thus a better salary. Of course, each retake means new costs, including another exam fee plus another travel and accommodation costs on the exam day.
About Soleadea:
Our CFA Exam Study Planner is available to candidates of all levels at groundbreaking Pay-What-You-Can prices. You decide how much you want to pay for our services. After you activate your account, you get unlimited access to our Study Planner 4.0 with study lessons inside, various level 1/level 2 study materials & tools, regular review sessions, and a holistic growth approach to your preparation. Join
Read Also:
- More about CFA Exam Scholarships
- 5 Steps of CFA Exam Registration
- How to Create CFA Exam Study Plan
- 2024+ CFA Program Changes
- Level 1 CFA Exam Study Materials
UPDATED: Dec 16, 2024