CFA®考试的细节
The CFA®Program consists of a series of three examinations (Levels I, II, and III) that must be taken in succession.
A minimum of 300 hours of preparation per CFA Program exam level is recommended, although some candidates will need more or less time, depending on their individual backgrounds and experience. Candidates have a total ofsix maximum attemptsper CFA exam level and can take as much time as needed to complete the program.
CFA项目课程是动态的,变化annually to meet the nature and complexity of the global investment profession.
Select Your CFA Exam Level
Registration and CFA®Exam Dates
November 2023
Level I NovemberExam Dates:
- November 11-17, 2023
Registration and Scheduling Windows Open:
- January 31, 2023
Early Registration Deadline:
- May 10, 2023
Registration Closes:
- August 8, 2023
Scheduling Deadline:
- August 16, 2023
Rescheduling Deadline:
- October 13, 2023
Registration and CFA®Exam Dates
February 2024
Level I FebruaryExam Dates:
- February 19-25, 2024
Registration and Scheduling Windows Open:
- May 16, 2023
Early Registration Deadline:
- July 13, 2023
Registration Closes:
- November 8, 2023
Scheduling Deadline:
- November 21, 2023
Rescheduling Deadline:
- January 18, 2024
Registration and CFA®Exam Dates
May 2024
Level I MayExam Dates:
- May 15–21, 2024
Registration and Scheduling Windows Open:
- August 15, 2023
Early Registration Deadline:
- October 12, 2023
Registration Closes:
- February 6, 2024
Scheduling Deadline:
- February 14, 2024
Rescheduling Deadline:
- April 15, 2024
Registration and CFA®Exam Dates
August 2024
Level I AugustExam Dates:
- August 20-26, 2024
Registration and Scheduling Windows Open:
- November 14, 2023
Early Registration Deadline:
- January 23, 2024
Registration Closes:
- May 14, 2024
Scheduling Deadline:
- May 21, 2024
Rescheduling Deadline:
- July 22, 2024
Registration and CFA®Exam Dates
November 2024
Level I NovemberExam Dates:
- November 13-19, 2024
Registration and Scheduling Windows Open:
- February 8, 2024
Early Registration Deadline:
- April 16, 2024
Registration Closes:
- August 7, 2024
Scheduling Deadline:
- August 13, 2024
Rescheduling Deadline:
- October 10, 2024
Body of Knowledge
The Learning Outcome Statements and core concepts in the CFA®Program are built on theCandidate Body of Knowledge™(CBOK), a practice-based curriculum that is determined by thousands of CFA charterholders from around the world.
All CFA exams are only offered in a computer-based format.
Level I
Candidates concentrate on the tools and concepts related to investment valuation and portfolio management, as well as an overview of how these processes fit within the guidelines of the CFA Institute Code of Ethics and Standards of Professional Conduct. There are four Level I exam windows each year—February, May, August, and November.
Master these concepts with a comprehensive Level I study package:
Exam Format
Level I
- Format: Computer-based and multiple-choice
- Questions:
- 180 equally weighted questions
- Session 1: 90 questions
- Session 2: 90 questions
- Each session is 2 hours and 15 minutes long
OurCFA Level I study packagesare built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
Topic Weights by Level
Level I
For the 2023 Level I exams, the topics are weighted as follows:
- Quantitative Methods: 8-12%
- Economics: 8-12%
- Financial Statement Analysis: 13-17%
- Corporate Issuers: 8-12%
- Equity Investments: 10-12%
- Fixed Income: 10-12%
- Derivatives: 5-8%
- Alternative Investments: 5-8%
- Portfolio Management and Wealth Planning: 5-8%
-
Ethical and Professional Standards: 15-20%
For the 2024 Level I exams, the topics are weighted as follows:
- Quantitative Methods: 6-9%
- Economics: 6-9%
- Financial Statement Analysis: 11-14%
- Corporate Issuers: 6-9%
- Equity Investments: 11-14%
- Fixed Income: 11-14%
- Derivatives: 5-8%
- Alternative Investments: 7-10%
- Portfolio Management and Wealth Planning: 8-12%
- Ethical and Professional Standards: 15-20%
These topic weights were used to develop a Level I study plan you can follow to ensure complete coverage of the material. The study plan is included in all of our packages.
Exam Results Available:
2023 Exam Results
February Exam:
- March 28, 2023
May Exam:
- June 27, 2023
August Exam:
- October 3, 2023
November Exam:
- Approximately 5 to 8 weeks after the exam window has closed
2024 Exam Results
FEBRUARY EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
MAY EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
AUGUST EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
NOVEMBER EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
CFA®Exam Requirements
Candidate Eligibility Requirements
To be eligible to enter the CFA®Program, you must accomplish the following:
- Have a U.S. bachelor’s (or equivalent) degree
- orselect an exam window that is 23 months or fewer before your graduation month for your bachelor’s degree or equivalent program. Understand that you must complete your degree program prior to sitting for Level II.
- orhave a combination of 4,000 hours of work experience and/or higher education that was acquired over a minimum of three sequential years and achieved by the date of registering for the Level I exam.
- Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility)
- Be prepared to take the exams in English
- Have a valid international travel passport (required for enrollment and exam registration)
Enrollment and Exam Registration Fees
For 2023 CFA exams, registration fees range from $900 to $1,200, depending on your exam level and when you register. Registration fees for 2024 CFA exams will range from $940 to $1,250.
To enter into the CFA Program, candidates must pay a one-time $350 enrollment fee in addition to the required registration fees for each Level. CFA Institute reference material and a partial mock exam are both included with candidate registration and enrollment.
Registration and CFA®Exam Dates
November 2023
Level II NovemberExam Dates:
- November 18-22, 2023
Registration and Scheduling Windows Open:
- January 31, 2023
Early Registration Deadline:
- May 10, 2023
Registration Closes:
- August 8, 2023
Scheduling Deadline:
- August 16, 2023
Rescheduling Deadline:
- October 20, 2023
Registration and CFA®Exam Dates
May 2024
Level II MayExam Dates:
- May 22–26, 2024
Registration and Scheduling Windows Open:
- August 15, 2023
Early Registration Deadline:
- October 12, 2023
Registration Closes:
- February 6, 2024
Scheduling Deadline:
- February 14, 2024
Rescheduling Deadline:
- April 22, 2024
Registration and CFA®Exam Dates
August 2024
Level II AugustExam Dates:
- August 27-31, 2024
Registration and Scheduling Windows Open:
- November 14, 2023
Early Registration Deadline:
- January 23, 2024
Registration Closes:
- May 14, 2024
Scheduling Deadline:
- May 21, 2024
Rescheduling Deadline:
- July 29, 2024
Registration and CFA®Exam Dates
November 2024
Level II NovemberExam Dates:
- November 20-24, 2024
Registration and Scheduling Windows Open:
- February 8, 2024
Early Registration Deadline:
- April 16, 2024
Registration Closes:
- August 7, 2024
Scheduling Deadline:
- August 13, 2024
Rescheduling Deadline:
- October 17, 2024
Body of Knowledge
The Learning Outcome Statements and core concepts in the CFA®Program are built on theCandidate Body of Knowledge™(CBOK), a practice-based curriculum that is determined by thousands of CFA charterholders from around the world.
Level II
Candidates are expected to demonstrate a greater depth of understanding of the tools and techniques that were introduced in the Level I curriculum, in addition to applications in asset valuation within the context of the Code of Ethics and Standards of Professional Conduct.
Master these concepts with a comprehensive Level II study package:
Exam Format
Level II
Each year, there are three Level II exam windows: the first in May, the second in August, and the third in November.
- Format: Computer-based, multiple-choice questions using item sets or “mini-cases.” Each item set contains a vignette (with an average length of 1.5 pages). Each item set will be followed by 4 or 6 multiple-choice questions.
- Questions:
- 88 equally weighted multiple-choice questions
- Session 1: 44 multiple-choice questions
- Session 2: 44 multiple-choice questions
- Each session is 2 hours and 12 minutes long.
OurCFA Level II study packagesare built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
Topic Weights by Level
Level II
For Level II of the CFA exams, the topics are weighted as follows:
- Quantitative Methods: 5–10%
- Economics: 5–10%
- Financial Statement Analysis: 10–15%
- Corporate Issuers: 5–10%
- Equity Investments: 10–15%
- Fixed Income: 10–15%
- Derivatives: 5–10%
- Alternative Investments: 5–10%
- Portfolio Management and Wealth Planning: 10–15%
- Ethical and Professional Standards: 10–15%
These topic weights were used to develop a Level II study plan you can follow to ensure complete coverage of the material. The study plan is included in all of our packages.
Exam Results Available:
2023 Exam Results
May Exam:
- July 6, 2023
August Exam:
- October 5, 2023
November Exam:
- Approximately 5 to 8 weeks after the exam window has closed
2024 Exam Results
MAY EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
AUGUST EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
NOVEMBER EXAM:
- Approximately 5 to 8 weeks after the exam window has closed
CFA®Exam Requirements
Candidate Eligibility Requirements
To be eligible to enter the CFA®Program, you must:
- Have a U.S. bachelor’s (or equivalent) degree
- orselect an exam window that is 23 months or fewer before your graduation month for your bachelor’s degree or equivalent program. Understand that you must complete your degree program prior to sitting for Level II.
- orhave a combination of 4,000 hours of work experience and/or higher education that was acquired over a minimum of three sequential years and achieved by the date of registering for the Level I exam.
- Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility)
- Be prepared to take the exams in English
- Have a valid international travel passport (required for enrollment and exam registration)
Enrollment and Exam Registration Fees
For 2023 CFA exams, registration fees range from $900 to $1,200, depending on your exam level and when you register. Registration fees for 2024 CFA exams will range from $940 to $1,250.
To enter into the CFA Program, candidates must pay a one-time $350 enrollment fee in addition to the required registration fees for each Level. CFA Institute reference material and a partial mock exam are both included with candidate registration and enrollment.
Registration and CFA®Exam Dates
February 2024
Level III FebruaryExam Dates:
- February 15-18, 2024
Registration and Scheduling Windows Open:
- May 16, 2023
Early Registration Deadline:
- July 13, 2023
Registration Closes:
- November 8, 2023
Scheduling Deadline:
- November 21, 2023
Rescheduling Deadline:
- January 17, 2024
Registration and CFA®Exam Dates
August 2024
Level III AugustExam Dates:
- August 16-19, 2024
Registration and Scheduling Windows Open:
- November 14, 2023
Early Registration Deadline:
- January 23, 2024
Registration Closes:
- May 14, 2024
Scheduling Deadline:
- May 21, 2024
Rescheduling Deadline:
- July 18, 2024
Level III CFA Exam Body of Knowledge
The Learning Outcome Statements and core concepts in the CFA®Program are built on theCandidate Body of Knowledge™(CBOK), a practice-based curriculum that is determined by thousands of CFA charterholders from around the world.
Level III
Candidates are required to demonstrate a higher level of understanding of the materials tested at Levels I and II, as well as display effective knowledge of the entire portfolio management process.
Master these concepts with a comprehensive Level III study package »
Level III CFA Exam Format
Level III
Each year, there are two Level III exam windows: the first in February and the second in August.
- Format: Vignettes/item sets with multiple choice or constructed response questions.
- Exam Structure:
- Session 1: 5 or 6 constructed response (essay) questionsand5 or 6 item sets
- 会议2:5或6构造响应(文章),stionsand5 or 6 item sets
- Duration: Each session is 2 hours and 12 minutes long.
Our CFALevel III study packagesare built to replicate the exam, leaving no surprises on exam day.Begin your preparation today »
Level III CFA Exam Topic Weights
Level III
For the2024 CFA Level III exams, the topics are weighted as follows:
- Economics: 5–10%
- Equity Investments: 10–15%
- Fixed Income: 15–20%
- Derivatives: 5–10%
- Alternative Investments: 5–10%
- Portfolio Management and Wealth Planning: 35–40%
- Ethical and Professional Standards: 10–15%
These topic weights were used to develop a Level III study plan you can follow to ensure complete coverage of the material. The study plan is included in all of ourpackages.
Level III CFA Exam Results Available:
2023 Exam Results
February Exam:
- April 13, 2023
August Exam:
- October 25, 2023
2024 Exam Results
February Exam:
- Approximately 8 weeks after the CFA exam window has closed
August Exam:
- Approximately 8 weeks after the CFA exam window has closed
CFA Exam Requirements
Candidate Eligibility Requirements
To be eligible to enter the CFA®Program, you must:
- Have a U.S. bachelor’s (or equivalent) degree
- orselect an exam window that is 23 months or fewer before your graduation month for your bachelor’s degree or equivalent program. Understand that you must complete your degree program prior to sitting for Level II.
- orhave a combination of 4,000 hours of work experience and/or higher education that was acquired over a minimum of three sequential years and achieved by the date of registering for the Level I exam.
- Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility)
- Be prepared to take the exams in English
- Have a valid international travel passport (required for enrollment and exam registration)
Enrollment and Exam Registration Fees
For 2023 CFA exams, registration fees range from $900 to $1,200, depending on your exam level and when you register. Registration fees for 2024 CFA exams will range from $940 to $1,250.
To enter into the CFA Program, candidates must pay a one-time $350 enrollment fee in addition to the required registration fees for each Level. CFA Institute reference material and a partial mock exam are both included with candidate registration and enrollment.
Want a Free Trial?
Effective preparation requires a study schedule that covers the entire CFA Program curriculum and practice that resembles exam content. Our Packages create a study plan adaptive to your schedule and include integrated study tools that provide practice of key concepts of the curriculum.
