Table of Contents
CFA 2025 exam February session the registration started on May 9, 2024 and the last date to register for CFA 2025 exam (Level 1 and 3) was July 9, 2024. The February session exam for CFA Level 1 will be conducted from Feb 17 - 23, 2025. The CFA level 3 2025 exam will be conducted from Feb 13 - 16, 2025.
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 is Feb 6, 2025.
CFA 2025 August session: The registration for CFA 2025 August session started on Nov 6, 2024, and the last date to register is Jan 29, 2025.
Read More: CFA Vs CA
Know More: CFA Vs MBA
CFA Results 2024
The CFA Institute is expected to release the Nov session results for Level 1 on Jan 14, 2025 and Level 2 on Jan 16, 2025, on the official website. They published the results for the August session Level 3 examination on Oct 17, 2024. The results have been declared on the website and are mailed to the students on their respective email ID.
Applicants must note that the link has been shared in the table below.
| Event | Links |
| CFA Results 2024 Nov Level 2 | To be Updated |
| CFA Results 2024 Nov Level 1 | To be Updated |
| CFA Results 2024 Aug Level 3 | Direct Link |
| CFA Results 2024 Aug Level 2 | Direct Link |
| CFA Results 2024 Aug Level 1 | Direct Link |
| CFA Results 2024 May Level 2 | Direct Link (Closed) |
| CFA Result 2024 May Level 1 | Direct Link (Closed) |
| CFA Result 2024 Level 1 (February Session) | Download Here |
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 results are 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 2024 Result
The steps to check the result of CFA 2024 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.
CFA Exam Dates 2025
CFA exam dates have been announced on the official website for the February session. Candidates can check the table below for the CFA 2025 February session important dates
CFA Feb 2025 Exam (Level 1 and 3)
Applicants must check the CFA Feb 2025 session Level 1 exam schedule shared in the tabular below.
| Events | Feb 2025 |
| Upcoming Events | |
| CFA 2024 Level 2 Results | Jan 16, 2025 |
| CFA 2024 Level 1 Results | Jan 14, 2025 |
| CFA 2025 February Level 3 Rescheduling Deadline | Jan 18, 2025 |
| CFA 2025 February Level 1 Rescheduling Deadline | Jan 18, 2025 |
| CFA 2025 February Level 3 exam | Feb 13 0 Feb 16, 2025 |
| CFA 2025 February Level 1 exam | Feb 17 - Feb 23, 2025 |
| Past Events | |
| CFA 2025 February Level 1 Last Date of Registration | Nov 7, 2024 |
| CFA 2025 February Level 3 Last Date of Registration | Nov 7, 2024 |
| CFA 2025 February Level 1 Scheduling Deadline | Nov 12, 2024 |
| CFA 2025 February Level 3 Scheduling Deadline | Nov 12, 2024 |
| CFA 2024 Level I November Exam | Nov 13 - Nov 19, 2024 |
| CFA 2024 Level II November Exam | Nov 20 - Nov 24, 2024 |
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 is Feb 6, 2025.
CFA 2025 August session: The registration for CFA 2025 August session started on Nov 6, 2024, and the last date to register is Jan 29, 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.
| Particulars | Before the Early Fee Deadline | Before the Standard Fee Deadline | Before the Late Fee Deadline |
| CFA Program Enrollment Fee | INR 32065 | INR 32065 | INR 32065 |
| CFA Exam Registration Fee | INR 46316 | INR 67692 | INR 98331 |
CFA 2024-25 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 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.
| Level | CFA Eligibility Criteria |
| Level 1 |
|
| Level 2 | The candidate must have passed CFA Level 1. |
| Level 3 | The candidate must have passed CFA Level 2. |
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.
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.
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.
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 2024-25 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 2024-25 is given below. The candidates must know and be familiar with CFA Exam Pattern 2024-25 to prepare for the exam better. Knowing the CFA Exam Pattern 2024-25 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 1 | 240 | 3 Hours | 120 Questions are to be Answered | 120 Questions are to be Answered |
| Level 2 | 120 | 3 Hours | 10 Set of 6 Questions in Each Set | 10 Set of 6 Questions in Each Set |
| Level 3 | 120 | 3 Hours | 60 Questions | 60 Questions |
CFA Syllabus 2024-25
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 2024-25 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 2024-25 along with the weightage for each topic.
CFA 2024-25 Level 1 Syllabus
CFA 2024-25 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 2024-25 Level 2 Syllabus
CFA 2024-25 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 2024-25 Level 3 Syllabus
CFA 2024-25 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 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.
| 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 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.
CFA Selection Process 2025
CFA Selection Process 2025 comprises various stages. The first step toward getting qualified is to go through the CFA 2024 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 2024exam 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.
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.
| Particulars | Details |
| 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 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
FAQs on CFA
Q: How many attempts are allowed for the CFA exam?
A: There is no limit on the number of attempts for the CFA Exam. The exam for CFA is conducted four times in an year. Students are free to appear for unlimited sessions as per their choice. Further, the CFA examination is conducted every year in February, May, August, and November session. Students are required to register individually for all the sessions.
Q: What is the importance of CFA Exam?
A: 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.
Q: What is the difference between CFA and CA?
A: 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.
Q: Can I give the CFA Exam after 12th?
A: 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. Those who fails to satisfy the eligiblity limit for the examination will not be able to fill out the application form and appear for the examination. Thus, students are advised to first check the eligiblity criteria then fill out the form.
Q: How long does it take to complete the CFA certification program?
A: 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.
Q: Should I pursue CFA if I already have an MBA?
A: 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.
Q: If I fail the CFA exam, can I apply for rechecking?
A: 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.
Q: What is the eligibility criteria for the CFA exam?
A: 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.
Q: Is it worth doing CFA in 2025?
A: In the fast-paced world of finance, staying ahead of the curve is not just an advantage; it's a necessity. As we venture into 2025, the Chartered Financial Analyst (CFA) credential is poised to take center stage in the financial industry
Q: Who is eligible for CFA 2025?
A: The candidates who want to apply for a CFA course must have completed a UG degree course in Finance, Banking, and other related streams from a recognized university or institution. Further, applicants are advised to cross-check the eligiblity guidelines in detail once before filling out the application form.
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