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The CFA® Designation

The CFA level I exam is the first of a series of three rigorous exams that must be sat and passed sequentially. The right to use the CFA designation is only granted once a member has passed all the three exams and satisfied work experience requirements as specified by the institute. Candidates can sit for the CFA Level 1 exam in June or December, but CFA Level II and III exams are offered exclusively in June. All the three exams are offered in English only.

FAQs about the CFA Exams

When is the next CFA exam? June 15, 2019
What are the costs to becoming a CFA charterholder? There is a one-time fee of USD 450 to enter into the CFA Program. Then, each exam costs between USD 650 (early registration) and USD 1,380 (late registration) to sit.
What experience do I need to register? You need to be in your final year of college, have a college degree, or have four years of professional experience.
How do I become a CFA charterholder? You need to have passed all three levels of the CFA examinations and 4 years of work experience in the investment industry.
How much study time is required for each exam? Candidates spent 308 hours on average to prepare for the exams. The average time spent on each exam level is as follows: Level I – 287 hours; Level II – 315 hours; Level III – 327 hours
What are the pass rates for CFA exams? Here are the latest pass rates: Level I – 45%; Level II – 45%; Level III – 56%
How much does a CFA charterholder make? The median salary for CFA charterholder in the USA is of approximately $86k.
What is the minimum passing score? The minimum passing score (MPS) for each level of the exam is determined by the CFA Institute each year after the administration of the exams. The MPS has never been released.
When will I know if I passed the exam? 60 days after the exam for levels I and II, 90 days for Level III.

Ultra-modern CFA Preparation Platform

  • Attempt thousands of CFA exam-style questions for all levels of the CFA exams to boost your confidence.
  • Our question bank simulates questions that replicate the difficulty of the actual CFA exams.
  • Create your own quizzes to enhance your understanding of specific areas.
  • Track your performance with our intelligent algorithms that let you compare your score with thousands of CFA QBank users worldwide.
  • Questions are continually reviewed to reflect the latest syllabus content and exam structure
  • Sign up for free to start practicing with more than 150 exam-style questions covering each LOS. Or upgrade your membership to access 3,000 CFA practice questions and unlimited customizable quizzes.

Tips To Help You Crack The CFA Exams

  • Start your prep early. The CFA exams are a marathon and require an extreme level of dedication.
  • Go through your notes at least twice. The first time around, you learn the concepts, but the second time you read the notes, you solidify your understanding of the CFA Curriculum.
  • Pay attention to CFA exam weightings. For example, the Level I exam puts a lot of weight on Ethical and Professional Standards and a lot less on Alternative Investments.
  • Always use end-of-chapter practice questions and AnalystPrep quizzes. The CFA Institute does not give out a lot of information. Therefore, you should supplement your studies with a CFA QBank to better your chances of passing the exam.
  • Be sure to take at least four mock exams. Time yourself and try to answer as many questions as possible in the three-hour timeframe given to you. Then, spend extra time reviewing your wrong answers and going back to the CFA Study Notes if required.

CFA® Level I

Our CFA Level 1 study packages start as low as $129.

Each package includes 5 ask-a-tutor questions via our live chat. Add unlimited ask-a-tutor questions for $30 and make sure there's no topic left behind.

Most packages come with 12-month access. Keep your package forever, including all curriculum updates, for an extra $40.

CFA Level I Practice Package
/ year
  • CFA Level 1 Question Bank
  • CFA Level 1 Printable Mock Exams
  • Performance Tools
CFA Unlimited Package (All 3 Levels)
/ lifetime
  • CFA Level 1, 2 & 3 Question Banks
  • CFA Level 1, 2 & 3 Printable Mock Exams
  • Performance Tools
  • CFA Level 1 Video Lessons
  • CFA Level 1 Study Notes
  • CFA Level 1 Essential Review Summaries

CFA® Level II

Our CFA® Level II practice package starts as low as $129 with a 12-month access.

You can combine CFA® Level II & Level III to get unlimited ask-a-tutor questions via our live chat and lifetime access to your packages. The content will be updated each year to reflect the changes in the curriculums.

CFA Level II Practice Package
/ year
  • CFA Level 2 Question Bank (Item Sets)
  • Printable CFA Level 2 Mock Exams
  • Performance Tools
  • 5 Ask-A-Tutor Questions

CFA® Level III

Our CFA® Level III practice package starts as low as $99 with a 12-month access.

You can add unlimited ask-a-tutor questions $30 extra. All your questions will be answered via our live chat.

You can also get lifetime access + curriculum updates for an extra $40. The content will be updated each year to reflect the changes in the curriculum.

CFA Level III Practice Package
/ year
  • CFA Level 3 Question Bank (Item Sets)
  • CFA Level 3 Essay Questions
  • Performance Tools
  • 5 Ask-A-Tutor Questions


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Good Day!

I cleared FRM -I (May-2018) with Thanks a lot to AnalystPrep and your support.


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Aadhya Patel

@AnalystPrep provided me with the necessary volume of questions to insure I went into test day having in-depth knowledge of every topic I would see on the exams.”

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