CFA 2023 level I exam for the Feb session is completed. The exam was conducted until Feb 20, 2023. The conducting body had added 7 new exam centres in Coimbatore, Surat, Ranchi, Nagpur, Noida, Visakhapatnam, and Raipur. Previously, four new exam centres were added for the Feb session exams. Candidates can check the article below for the detailed exam schedule and important dates for CFA 2023.
CFA 2023 Nov session registration for levels I and II have commenced on the official website. Candidates who intend to appear for the exam must register before the last date. The exams will be conducted in a total of 400 exam centres, where 23 exam centres are located in India. Additionally, IIM Ranchi has been added to the participating institutes for CFA 2023 exam.
Much like the CA (Chartered Accountant) and CMA (Chartered Management Accountant) certifications, Chartered Financial Analyst (CFA) is a sought-after professional finance certification offered to finance and investment professionals by the American CFA Institute. About 2.5 lakh people attempt this exam from around the world every year. It is a challenging exam that requires ample practice, preparation, and strategy to clear.
| CFA Vs CA | CFA Vs MBA |
Candidates who want to pursue CFA should read below for more information on the CFA exam.
Latest Updates on CFA
- Mar 16, 2023: CFA 2023 level I exam for the Feb session had been conducted at different exam centres until Feb 20, 2023. Read More
Table of Contents
- CFA Exam Dates 2023
- About CFA
- CFA Eligibility Criteria 2023
- CFA Application Form 2023
- CFA Admit Card 2023
- CFA Exam Centre 2023
- CFA Exam Pattern 2023
- CFA Syllabus 2023
- CFA Reference Books 2023
- CFA Results 2023
- CFA Selection Process 2023
- CFA Contact Details 2023
CFA Exam Dates 2023
CFA 2023 level I exam for the Feb session had been conducted online as a computer-based test from Feb 14, 2023, to Feb 20, 2023. The exam was conducted in overall 23 exam centres in India, and 400 exam centres across the world. CFA 2023 registration is ongoing on the official website for the Nov session levels I and II exams.
CFA 2023 Exam takes place online and multiple times a year. The different levels of the CFA 2023 exam will be held on separate dates. The dates for each of the CFA 2023 exams are given below.
CFA 2023 exam includes three series of exams: Level I, Level II, and Level III.
Registration: The registration process for all three levels commenced on Aug 9, 2022.
Admit Card: The admit cards can be downloaded from the official website on the dates for the respective levels.
Examination Dates: The examination dates for the three levels will be different to counter the availability of exam centres and to accommodate the number of candidates the apply for the examinations.
The candidates must check the important dates and make sure not to miss out on any of the significant events. The following tables give important dates for the upcoming sessions.
CFA Exam Important Dates for February 2023
The important dates and events for the February session are tabulated below.
| Events | Dates (Level I) | Dates (Level III) |
| Registration Window (Standard) - Closes | Nov 8, 2022 | Nov 8, 2022 |
| Scheduling Window | Nov 16, 2022 | Nov 16, 2022 |
| Re-Scheduling Window Closes | Jan 13, 2023 | Jan 20, 2023 |
| Exam Dates | Feb 14 - 20, 2023 | Feb 21 - 23, 2023 |
CFA Exam Important Dates for May 2023
The table below consists of the important dates and events for the May session of the CFA exam.
| Events | Dates (Level I) | Dates (Level II) |
| Early Registration Closes | Jan 31, 2023 | Jan 31, 2023 |
| Scheduling Window Opens | Feb 15, 2023 | Feb 15, 2023 |
| Re-Scheduling Deadline | Apr 14, 2023 | Apr 21, 2023 |
| Exam Dates | May 16 - 22, 2023 | May 23 - 27, 2023 |
CFA Exam Important Dates for August 2023
The aspirants can find the important events and the corresponding dates for the August session in the table below.
| Event | Dates (Level I) | Dates (Level II) | Dates (Level III) |
| Registration Window | May 9, 2023 | May 9, 2023 | May 9, 2023 |
| Scheduling Deadline | May 24, 2023 | May 24, 2023 | May 24, 2023 |
| Re-Scheduling Deadline | Jul 21, 2023 | Jul 28, 2023 | Jul 28, 2023 |
| Exam Dates | Aug 22 - 28, 2023 | Aug 29 - Sep 2, 2023 | Aug 29 - Sep 5, 2023 |
CFA Exam Important Dates for November 2023
The table below has the important events and dates for the November session of the CFA exam.
| Events | Dates (Level I) | Dates (Level II) |
| Registration Window Closes | Aug 8, 2023 | Aug 8, 2023 |
| Scheduling Deadline | Aug 16, 2023 | Aug 16, 2023 |
| Re-Scheduling Deadline | Oct 13, 2023 | Oct 20, 2023 |
| Exam Dates | Nov 11 - 17, 2023 | Nov 18 - 20, 2023 |
About CFA
CFA which is short for Certified Financial Analyst is a professional qualification in the field of Finance and Investment. CFA certification is a globally recognized financial certification that is awarded by the American CFA Institute. CFA charter is one of the most valued professional qualifications in the field of Finance which is acknowledged worldwide as a standard.
To become a Certified Financial Analyst, the candidate has to pass 3 levels of the exam. These 3 levels of the CFA exam test the candidates for their proficiency and integrity as analysts in the Finance field. CFA exams will examine the ability of the candidates in areas of Accounting, Investment, Economics, Money Management, Ethics, etc. To be considered a CFA charter holder one has to pass all the levels of the exam and acquire the necessary work experience of 4 years.
Below given are some of the key elements of the CFA exam.
About CFA: Chartered Financial Analyst (CFA) program is a professional credential offered internationally by the American-based CFA Institute for Investment and Financial professionals.
Area of Concern: The program covers a broad range of topics relating to Investment Management, Financial Analysis, Quantitative Analysis, Equities, Fixed Income, and derivatives, and provides a generalist knowledge of the many other areas of Finance.
Conducting Body: CFA examination will be conducted by the CFA Institute, United States of America.
Level of Exam: CFA is an international-level exam. In India, it is conducted in four cities: New Delhi, Bengaluru, Kolkata, and Mumbai.
CFA Pattern: CFA is conducted twice a year on three levels- Level I, Level II, and Level III. Students who undergo CFA exams must study various financial subjects which cover a large variety of topics like Stocks, Bonds, Derivatives, Financial Management, Investments, Economics, and much more. The CFA exam is one of the toughest exams and it requires a lot of practice and preparation for all the subjects related to Finance.
Upon successful completion of all three levels of the CFA exam, the candidate becomes a member of the CFA Institute and is announced to be a CFA charterholder.
Given below are the highlights of the CFA exam.
| Exam Name | CFA |
| Full Form | Chartered Financial Analyst |
| Conducting Body | CFA Institue |
| Level | International |
| Frequency | Twice a Year |
| Exam Mode | Online |
| Exam Duration | 90 Minutes |
| Language | English |
| Official Website | www.cfainstitute.org |
| Helpdesk |
000-800-100-4025 |
CFA 2023 Important changes
CFA 2023 dates have been postponed and some important changes have been made.
- CFA 2023 CBT of level 1 was conducted in four windows (February, May, August, and November).
- The first CFA 2023 CBT exam will be offered in Feb 2023.
- CBT will have more exam centres.
- Registration for Jun 2023 Level 1 exam will open in Feb 2023.
- The number of questions for the CFA exam is also reduced to 180.
- The testing time has also been reduced.
CFA Eligibility Criteria 2023
CFA Eligibility Criteria 2023 are significant for a CFA 2023 aspirant. The candidate must read the eligibility criteria carefully and must meet all the requirements of the criteria to apply and appear for the CFA 2023 exam. The details of the CFA Eligibility Criteria 2023 are given below.
CFA eligibility criteria are different for each level of the CFA exam. CFA eligibility criteria for all the 3 levels are given below.
A candidate shall have work experience of 4 years or a combination of work and college that totals four years. Candidates should clear level I and level II exams.
| Level | CFA Eligibility Criteria |
| Level I | The candidate shall pursue this in the final year of any bachelor's degree program. The candidate shall also be a bachelor's degree holder. The candidate shall have work experience of 4 years or a combination of work and college that totals four years. |
| Level II | The candidate must have passed CFA Level I. |
| Level III | The candidate must have passed CFA Level II. |
The candidates should note that even though it is stated in CFA eligibility criteria that work experience of 4 years is mandatory, it is only needed to get CFA Charterholder. The candidate will not be considered a CFA Charterholder unless you have four years of work experience. The candidates are allowed to appear for all three levels of the CFA exam without having any work experience. There are pretty much no restrictions to appear for the CFA level I exam, but for the CFA level II exam, it is required for candidates to have an undergraduate/ bachelor's degree and to have passed CFA level I.
CFA Application Form 2023
CFA Application Form 2023 for Feb session Levels 1 and 3 was released on the official website. The registration process for the same ended on Nov 8, 2022. CFA Application Form 2023 was released online on the official website, and candidates had to complete the application process before the last date. CFA 2023 aspirants had to read the eligibility criteria and meet all the eligibility requirements before filling out CFA Application Form 2023.
The application process for CFA 2023 will require candidates to complete various stages like registration, form filling, uploading documents, and payment of the fees. It is an online process that needs the candidate to enter all the valid information and details. The payment of the application fees is an important part of the CFA 2023 application process.
Fee Payment Process
Fee payments can be made online with the help of a Credit card: American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa.
Offline payment can be made through wire transfer, ACH, check money order, or postal order.
Receipt of payment of the fees will be emailed to the candidates.
| Particulars |
Before the Early Fee Deadline |
Before Standard Fee Dead Line |
Before the Late Fee Dead Line |
|
CFA Program Enrollment Fee |
INR 32065 |
INR 32065 |
INR 32065 |
|
CFA Exam Registration Fee |
INR 46316 |
INR 67692 |
INR 98331 |
CFA 2023 Application Process
CFA is a globally recognized financial certification that has 3 levels of exams. The exams are conducted thrice a year in the months, of January/ February, May/ June, and September/ October. The application process for the CFA exam is entirely online so to register for any of the CFA exam levels, candidates must go to the official website. The candidates must enter their details and pay the required fee for the exam. The exam fee varies for each CFA level exam.
Only the candidates who meet the eligibility criteria can apply for the CFA examination. Hence, applicants should check the eligibility criteria beforehand.
Steps to Follow for Applying for CFA Exam
The following are the important point to remember while applying for the CFA exam.
- Step 1: Create a login account with your email ID.
- Step 2: Candidate must enter their name, email ID, and password, and enter a security question.
- Step 3: After creating an account, the candidate can log in and fill up the form providing all the required information.
- Step 4: Then, the candidate will need to pay the exam fees. Payment can be done online using a credit card, debit card, net banking, etc.
CFA Admit Card 2023
CFA Admit Card 2023 is an important document about the candidate and the exam. CFA Admit Card 2023 will be released on the official website, which all candidates must download. The candidates shall be allowed to the exam hall if they have a valid, unexpired, international travel passport (review the identification policy) and a valid exam admission ticket.
Access Admit Card: Before viewing the admission card, candidates will be prompted to read and agree to the conditions, requirements, policies, and procedures for the CFA exam.
Print Admit Card: Candidate shall take admit card print on clean, unused paper. The candidate must not write on the front or back of your exam admission ticket.
Review Your Ticket: Ensure the printed admit card displays all the information correctly. The information that the admit card holds is as follows.
- CFA Institute ID number.
- Last four characters of the passport number.
- Name as it appears in your CFA Institute account.
- Passport expiration date.
- The name, date, and location of the test centre where is it assigned to take the exam
Confirm or Update Name or Passport Information: The information on the admit card reflects CFA records. However, suppose the information does not exactly match what appears on a valid, unexpired, international travel passport. In that case, the candidate will not be permitted to sit for the exam and will forfeit the registration fee.
Login to Confirm or Update the Information: To update information in an account, follow the steps given below.
- Submit the Identification Information.
- Login and make the changes.
- Submit or Update the changes.
Remember: Reprint the admit card after updating the information.
CFA Exam Centre 2023
CFA Exam Centre 2023s have been added in 7 new centres including Coimbatore, Visakhapatnam, Ranchi, Surat, Nagpur, Raipur, and Noida. The conducting body had added 4 exam centres previously to the list. CFA is an international-wide examination, CFA 2023 exam in India will be conducted in Banglore, Kolkata, Mumbai, and New Delhi. The institute will assign centres to candidates taking into account their requested exam location based on availability.
CFA Institute will try to place candidates in the test centre location as requested. However, space considerations may require placing some candidates at alternate sites.
If the candidate needs a visa to travel to a distant test centre, it's the candidate's responsibility to make arrangements well in advance. Final test centre confirmation will be displayed on the candidate's exam admission card, available several weeks before the exam.
Note: CFA 2023 aspirants must know that if there is a need to change the test centre, they can do so by logging into their accounts and by selecting 'Test Change Area'. A new screen will appear on which the candidate must select 'Change My Test Centre'. The candidates can choose the test centres according to their convenience.
CFA Exam Pattern 2023
CFA Exam Pattern 2023 is given below. The candidates must know and be familiar with CFA Exam Pattern 2023 to prepare for the exam better. Knowing CFA Exam Pattern 2023 is an advantage for all CFA aspirants.
The examination is conducted for 6 hours per day and 3 hours per session.
The CFA exam is conducted in two sessions per day, and the morning session is for 3 hours from 9 am to 12 pm similarly, the afternoon session is also for 3 hours from 2 pm to 5 pm.
| Level of Exam | No.of Multiple Choice Questions (MCQs) | Duration of Examination | Morning Session | Afternoon Session |
|---|---|---|---|---|
| Level I | 240 | 3 Hours | 120 Questions are to be Answered | 120 Questions are to be Answered |
| Level II | 120 | 3 Hours | 10 Set of 6 Questions in Each Set | 10 Set of 6 Questions in Each Set |
| Level III | 120 | 3 Hours | 60 Questions | 60 Questions |
CFA Syllabus 2023
CFA 2023 exam is divided into 3 parts level I, level II, and level III. Candidates must pass all the 3 CFA exams to become a CFA charter holder. CFA Syllabus 2023 for all three levels is different.
The CFA level I syllabus consists of Introductory Financial and Investment Concepts and it will contain topics that will be covered using investment tools.
The CFA level II syllabus will be covering the valuation of different assets and the implementation of investment tools.
CFA level III syllabus is mainly composed of topics on Wealth and Portfolio Management as well as producing Analytical methods to learn their application.
The following 3 tables give the detailed CFA Syllabus 2023 along with the weightage for each topic.
CFA 2023 Level I Syllabus
CFA 2023 level 1 syllabus is as follows.
| Subjects | Weightage |
|---|---|
| Ethical and Professional Standards | 15% |
| Quantitative Methods | 10% |
| Economics | 10% |
| Financial Reporting and Analysis | 15% |
| Corporate Finance | 10% |
| Equity Investments | 11% |
| Fixed Income | 11% |
| Derivatives | 6% |
| Alternative Investments | 6% |
| Portfolio Management | 6% |
CFA 2023 Level II Syllabus
CFA 2023 level 2 syllabus is as follows.
| Subjects | Weightage |
|---|---|
| Ethical and Professional Standards | 10%-15% |
| Quantitative Methods | 5%-10% |
| Economics | 5%-10% |
| Financial Reporting and Analysis | 10%-15% |
| Corporate Finance | 5%-10% |
| Equity Investments | 10%-15% |
| Fixed Income | 10%-15% |
| Derivatives | 5%-10% |
| Alternative Investments | 5%-10% |
| Portfolio Management | 5%-15% |
CFA 2023 Level III Syllabus
CFA 2023 level 3 syllabus is as follows.
| Subjects | Weightage |
|---|---|
| Ethical and Professional Standards | 10%-15% |
| Economics | 5%-10% |
| Equity Investments | 10%-15% |
| Fixed Income | 15%-20% |
| Derivatives | 5%-10% |
| Alternative Investments | 5%-10% |
| Portfolio Management | 35%-40% |
CFA Results 2023
The Chartered Financial Analyst (CFA) Level 1 May session results were announced on Jul 7, 2023. The result will be emailed to the candidates, but if they want to check out the detailed result, they can visit the official website.
Each candidate who appears for a CFA Program exam is provided with a 'Pass' or 'Did Not Pass' exam result and detailed performance information. After each exam, the CFA Institute Board of Governors sets the minimum passing score (MPS) for each level. The exam performance guide, as available on the official website, helps one to get information regarding preparation for the next level or signing up to re-take the same exam level.
The results will be available for download on the official website for about a year. After candidates receive their exam results, they may register for the next exam.
After that, the candidate will have to request an official letter. This letter will confirm their 'Pass' or 'Did Not Pass' status, but their topic area performance summary will no longer be available. Detailed exam scores and responses to exam questions, however, are not shared with the candidates as CFA Institute officially owns them.
Level I and Level II candidates will be able to see their results within 60 days of the exam and level III candidates within 90 days.
CFA results are available within 60 days after the date of the examination. Candidates can check results on CFA official website after the exam concludes.
Steps to Check CFA 2023 Result
The steps to check the result of CFA 2023 are as follows.
- Step 1: Go to the official website of CFA Institute cfainstitute.org
- Step 2: Find and click on the CFA Result option.
- Step 3: After clicking on the 'CFA Result' link, enter their ID and password to login into the account.
- Step 4: Once the applicant is logged in, the exam result will be displayed on the screen.
- Step 5: View the result online, download it, and take prints of it if necessary.
Direct Link to Check CFA 2023 Result
CFA Reference Books 2023
There are three levels of the CFA 2023 exam. To become a CFA, the candidate must pass all three levels. The syllabus of each level is different. Although there is no negative marking for any level, the syllabus is vast, and registration fees are costlier, so passing the levels in the minimum number of attempts becomes crucial. To pass all the levels in single attempts, accuracy and time management are necessary, which can be achieved through practice. Hence CFA Reference Books 2023 are an essential part of the preparation for the exam. There are so many options available, so selecting the right books for CFA is necessary to do well in the exams. Applicants can choose any of the following books for CFA 2023 exam preparations.
| Book Title | Author / Publisher |
| CFA Level 1 Kaplan Schweser Study Material (5 Syllabus Books + 2 Practice Books) | Kaplan Schweser |
| Wiley's Level-1 CFA Program Study Guide | Wiley |
| Wiley's Level-2 CFA Program Study Guide | Wiley |
| Wiley's Level-3 CFA Program Study Guide | Wiley |
| 25th Hour Notes | Havels Learning System |
| Financial Reporting and Analysis | M. Imraan Ahsan |
| International Financial Statement Analysis | Thomas R. Robinson, Elaine Henry |
| The Handbook of Fixed Income Securities | Fabozzi |
| CFA Level-1 Economics | M. Imraan Ahsan |
| Options, Futures, and Other Derivatives | John C. Hull and Sanakarshan Basu |
How to Prepare for CFA 2023 Exam?
CFA is a highly valued international certification in finance that CFA Institue, USA offers. There are three levels of the CFA exam that candidates have to pass to become CFA Charterholder. To acquire CFA certification, rigorous preparation is needed. Candidates will have to carefully study CFA Syllabus 2023 and the exam pattern for each CFA level before starting the preparation. In addition, they must take mock tests daily or weekly and practice the previous year's question papers. This will help them check on their progress, time management, and accuracy, and get more familiar with the exam. This will also give the candidates confidence.
Along with this, it is vital to understand the marking distribution for topics on each level by checking the weightage of these topics. Every question in the CFA exam should be answered as there is no negative marking. It is recommended that candidates commit at least 300 hours to prepare for each level. There is a lot of material available, like practice books, study guides, and online video courses, which can be used for preparation for CFA 2023 exams.
CFA Selection Process 2023
CFA Selection Process 2023 comprises various stages. The first step toward getting qualified is to go through CFA 2023 application process. The second stage is to collect CFA Admit Card 2023. The candidates must appear for the exam with the admit card and other valid documents. Without the admit card, the candidates will not be able to give CFA 2023 exam.
CFA 2023 exam consists of three levels which are of 6 hours each. The candidates for each level for the CFA 2023 exam must be prepared thoroughly. Each level will determine whether the aspirant will proceed to the next level. Level III of CFA 2023 is the last stage. After CFA 2023 exams, the results will be declared, and all candidates who meet the cut-off will be shortlisted.
CFA Contact Details 2023
Candidates can contact the concerned authorities in case of any questions or queries through the following contact details.
Address:
CFA Institute India Private Limited
702, 7th Floor, A Wing
One BKC Tower, G Block
Bandra Kurla Complex
Mumbai 400 051, India.
Contact Number: +1 (434) 951-5499 (USA), 000-800-100-4025 (Toll-Free)
Email Address: [email protected]
FAQs
What is the eligibility criteria for the CFA exam?
To apply for the CFA exam, a candidate must satisfy the following criteria: For level-I: The candidate shall pursue in Final Year of any Bachelor Degree Program. The candidate shall also be a Bachelor Degree holder. The candidate shall have Work Experience of 4 years or a combination of work and college that totals four years. For Level-II: Candidate should have a Bachelor\'s Degree. A candidate shall have Work Experience of 4 years or a combination of work and college that totals four years. For Level-III: Candidate should have a Bachelor\'s Degree. Candidates should clear Level-I and Level-II exams.
How many attempts are allowed for the CFA exam?
There is no limit on the number of attempts for the CFA Exam.
What is the importance of CFA Exam?
The CFA Exam is an international level exam conducted by the Chartered Financial Analyst Institute. As an international-level exam, a CFA certification will enable a finance professional to seek employment in several countries abroad as a financier or a financial analyst.
What is the difference between CFA and CA?
CFA is a Chartered Financial analyst and CA is Chartered Account. The governing bodies for both are different. CFA is governed by the Chartered Financial Analyst Institute and CA is governed by the ICAI i.e. Institute of Chartered Accountant in India. A person who completes CA can work in India whereas someone who wishes to make a career abroad in the finance sector can go for CFA. Candidates can enroll in CA right after the standard 12 but a candidate needs to have graduated with a bachelor\'s degree if they want to pursue CFA.
Can I give the CFA Exam after 12th?
No. Candidate who wishes to appear for the CFA Exam must have a bachelor\'s degree or they should be in their final year of the degree program.
How long does it take to complete the CFA certification program?
The CFA Certification can be achieved in the minimum span of two years assuming all the entry requirements are met [Undergraduate Degree, Work Experience, etc] i.e. Applicants can take the CFA I, CFA II and CFA III Exams within two years but the recommended study time of 300 hours will make the time period of the CFA completion close to 2 to 5 years.
Should I pursue CFA if I already have an MBA?
Yes. CFA and MBA is always a good combination. In fact, most of the reputed business schools with finance programs will have tie-ups with the CFA Institute. While studying for the CFA Exam, the candidate will gain in-depth technical skills related to Finance, Investment, etc which ultimately helps the candidate to become a successful financial professional whereas the MBA will cover all aspects of the business including marketing, consulting, finance and more. Along with it, a candidate will get better at negotiation skills due to MBA. Hence even if someone has an MBA, he/she can always go for CFA if they intend to make career in Finance.
If I fail the CFA exam, can I apply for rechecking?
Yes, if the candidate is not satisfied with his/her score then he/she may apply for retabulation or rechecking of the exam score. The candidate can apply for the CFA Exam rechecking within the 30 days of getting his/her result. The candidate will need to pay an additional fee of USD 100. The rechecking or retabulation process as its called in CFA Exam will involve just recalculating the marks which were given already. This does not include the remarking of the answers and there are rarely ever any differences between the actual score obtained in the CFA Exam and score after the rechecking of the CFA Exam.
