CFA 2025: Registration, Exam Date, Exam Centre, Exam Day Guidelines, Syllabus, Centre

CFA 2025 schedule for Feb, May, Aug, and Nov session is out. The CFA exam admit card for the February session level 1 and 3 has been released 2-3 days before the scheduled exam date. The admit card has been issued on the official website in online mode and students must enter their registration number, phone number, or date of birth to download the hall ticket.

The February session exam for CFA Level 1 was conducted from Feb 17 - 23, 2025. The CFA level 3 2025 exam was conducted from Feb 13 - 16, 2025. Students are advised to bring their admit card along with any valid government ID proof, such as Aadhaar Card, PAN Card, Voter ID Card, etc at the test centre, else will not be allowed to appear for the examination. Further, the CFA 2025 November session registration has been started and will last till Aug 5, 2025 for all the levels.

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 1, Level 2, and Level 3. 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.

Read More: How to Become a CFA?

CFA Eligibility Criteria 2025

CFA eligibility criteria 2025 are significant for the CFA aspirant. The candidate must read the eligibility criteria carefully and meet all the criteria requirements to apply and appear for the CFA 2025 exam. The details of the CFA eligibility criteria 2025 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 1 and Level 2 exams.

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 1 exam, but for the CFA Level 2 exam, it is required for candidates to have an undergraduate/ bachelor's degree and to have passed CFA Level 1.

How to Prepare for CFA 2025 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 charterholders. To acquire CFA certification, rigorous preparation is needed.

Candidates will have to carefully study the CFA Syllabus 2025 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 2025 exams.

Must Read: CFA vs CA: Which is Better?

CFA Selection Process 2025

CFA Selection Process 2025 comprises various stages. The first step toward getting qualified is to go through the CFA 2025 application process. The second stage is to collect the CFA Admit Card 2025.

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 the CFA 2025 exam. CFA 2025 exam consists of three levels which are of 6 hours each.

The candidates for each level for the CFA 2025 exam must be prepared thoroughly. Each level will determine whether the aspirant will proceed to the next level. Level 3 of CFA 2025 is the last stage. After the CFA 2025 exams, the results will be declared, and all candidates who meet the cut-off will be shortlisted.

CFA Application Form 2025

CFA Application Form 2025 is available online on the official website, and candidates can complete the application process before the last date. CFA 2025 aspirants must read the eligibility criteria and meet all the eligibility requirements before filling out CFA Application Form 2025.

CFA February 2025: The CFA 2025 application form for the February exam was released on May 9, 2024. The early registration deadline for the CFA 2025 February exam (Levels 1 and 3) was Jul 9, 2024.

CFA 2025 May Session: The early date to register for CFA 2025 May was Oct 16, 2024, and the last date to pay the fees with invoice option is Dec 28, 2024. The last date to register was Feb 6, 2025 for level 1 and 2.

CFA 2025 August Session: The registration for CFA 2025 August session started on Nov 6, 2024, and the last date to register was Jan 29, 2025 for level 1, 2, and 3 examination.

CFA 2025 November Session: The CFA exam registration for the November level 1 and 2 examination has been started from Feb 12, 2025. The last date to register for the exam is Aug 5, 2025.

The application process for CFA 2025 will require candidates to complete various stages like registration, form filling, uploading documents, and payment of the fees. It is an online process that requires the candidate to enter all the valid information and details. Payment of the application fees is an important part of the CFA 2025 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 payments can be made through wire transfer, ACH, cheque, money order, or postal order.

Receipt of payment of the fees will be emailed to the candidates.

CFA 2025 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 Jan/ Feb, May/ June, and September/ Oct. 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 the CFA Exam

The following are the important points 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 Exam Dates Session-Wise 2025

CFA exam dates 2025 have been announced on the official website for the February, May, August, and November session. The exam for the May level 1 has been scheduled from May 14 - 20, 2025 and the level 2 exam is scheduled from May 21 - 25, 2025. The CFA level 1 exam for August session will take place from Aug 20 - 26, 2025, level 2 is scheduled from Aug 27 - 31, 2025, and the level 3 will be commenced from Aug 15 - 19, 2025.

In addition, students must note that the CFA level 1 exam for November session has been scheduled from Nov 12 - 18, 2025 and the level 2 will take place from Nov 19 - 23, 2025. Candidates can check the table below for the CFA 2025 session-wise important dates provided below for reference.

CFA Level 1 Exam Schedule

The CFA level 1 exam is commenced for all the four sessions, that is February, May, August, and November. The date list are given below.

CFA Feb 2025 Exam Level 1

Applicants must check the CFA Feb 2025 session Level 1 exam schedule shared in the tabular below.

CFA May 2025 Exam Level 1

The CFA level 1 exam scheduled for the May session has been provided here.

CFA August 2025 Exam Level 1

The CFA level 1 exam scheduled for the August session has been provided here.

CFA November 2025 Exam Level 1

The detailed exam scheduled for the CFA 2025 Level 1 exam of the November session is mentioned below.

CFA Level 2 Exam Schedule

The level 2 CFA exam is conducted for May, August, and November session. Students must check the date list provided here.

CFA Level 2 May Exam Schedule 2025

Applicants must check the CFA exam 2025 exam schedule for the May session shared below.

CFA Level 2 August Exam Schedule 2025

Applicants must check the CFA exam 2025 exam schedule for the August session shared below.

CFA Level 2 November Exam Schedule 2025

Applicants must check the CFA exam 2025 exam schedule for the November session shared below.

CFA Level 3 Exam Schedule

The level 3 exam for the CFA takes place in February and August session only. Students must check the dates shared below.

CFA February 2025 Level 3 Exam Schedule

The exam schedule of the CFA 2025 level exam for February session is shared here.

CFA August 2025 Level 3 Exam Schedule

The exam schedule of the CFA 2025 level exam for August session is shared here.

CFA Admit Card 2025

CFA Admit Card 2025 is an important document for the candidate and the exam. 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.

However, the admit card for the CFA February 2025 level 1 and 3 exam has been released in February 2025.

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 that 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.

Also Refer: CFA vs CMA: Which is Better?

CFA Exam Centre 2025

CFA Exam Centre 2025s 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. The CFA 2025 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 2025 aspirants must know that if there is a need to change the test centre, they can do so by logging into their account 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 2025

CFA Exam Pattern 2025 is given below. The candidates must know and be familiar with CFA Exam Pattern 2025 to prepare for the exam better. Knowing the CFA Exam Pattern 2025 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.

CFA Syllabus 2025

CFA 2025 exam is divided into 3 parts Level 1, Level 2, and Level 3. Candidates must pass all 3 CFA exams to become a CFA charter holder. CFA Syllabus 2025 for all three levels is different. The CFA Level 1 syllabus consists of Introductory Financial and Investment Concepts and it will contain topics that will be covered using investment tools.

The CFA Level 2 syllabus will cover the valuation of different assets and the implementation of investment tools. The CFA Level 3 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 2025 along with the weightage for each topic.

CFA 2025 Level 1 Syllabus

CFA 2025 level 1 syllabus is as follows.

CFA 2025 Level 2 Syllabus

CFA 2025 level 2 syllabus is as follows.

CFA 2025 Level 3 Syllabus

CFA 2025 level 3 syllabus is as follows.

Also Read: How Hard is the CFA Exam?

CFA Reference Books 2025

There are three levels of the CFA 2025 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 2025 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 2025 exam preparations.

CFA Results 2025

The CFA Institute will release the result for the February session level 1 and 3 exam probably by April 2025. The result will be released individually for both the levels on the official website in online mode. Students will have to enter the login credentials required to download their scorecard.

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 retake the same exam level.

The CFA 2025 results will be made available for download on the official website for about a year. After candidates receive their exam results, they may register for the next exam. Level 1 and Level 2 candidates will be able to see their results within 60 days of the exam and Level 3 candidates within 90 days.

Steps to Check CFA 2025 Result

The steps to check the result of CFA 2025 are as follows.

• Step 1: Go to the official website of CFA Institute at 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 log 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.

Must Check: FRM vs CFA: Which Certification is Better?

CFA Contact Details 2025

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: info@cfainstitute.org

Also Refer: CFA vs MBA: Which is Better?