cfa level 1 exam date

CFA Level 1 Exam Date & Registration Fees [2022 Updated]

One of the first things candidates want to know is when the CFA exam begins. Follow this article to know the CFA level 1 exam date & registration fees in 2022.

March 16, 2022

One of the first things you’ll want to answer if you’re preparing to take the CFA exam is “When is the CFA exam?”. We’ll show you the CFA level 1 exam date in 2022 for all three exam levels in this article.

In 2022, the CFA Institute will start offering the CFA exam on a more regular basis so there are a lot of CFA level 1 dates this year. Level I will be presented four times a year in 2022: in February, May, August, and November. Level II will be held three times a year in 2022: in February, August, and November. Level III of the CFA test will be offered twice a year in May and August/ September 2022. 

Let’s get started with our free CFA Level 1 practice questions to strengthen your knowledge as well as get familiarized with the format of the test, from that passing your exam with a high score.

CFA Program

Exams for the CFA Program are divided into three levels: Levels I, II, and III. Exams, as well as other important days leading up to the exam, are included on the calendar. These dates may change depending on the circumstances. Each exam has a set time limit, and the exam dates available to each candidate may vary based on appointment availability at the time of scheduling. All contributions must be received by 11:59 p.m. ET. CFA Institute has the right to close registration and arrange appointments sooner than initially advertised if situations warrant. For the most up-to-date information on future examinations, please visit the “CFA Exam Updates” website.

The following is important information about the CFA level 1 test date:

Beginning in 2021, all levels of the CFA test will be computer-based.

  • In 2022, the CFA level 1 dates will be available four times: in February, May, August, and November.
  • In 2022, the LEVEL 2 CFA will be administered three times: in February, August, and November (new changes to the 2022 CFA exam schedule).
  • In 2022, the LEVEL 3 CFA test will be offered twice: once in May and again in August (new changes to the 2022 CFA exam schedule).

CFA level 1 Exam Date 2022

cfa level 1 exam date

The following are the specific CFA exam windows/dates for each level in 2022:

CFA Level 1 2022 Exam Dates

Level I Exam Date WindowScheduling DeadlineRescheduling DeadlineRegistration Deadline
February 15-21, 2022November 17, 2021January 15, 2022October 26, 2021
May 17-23, 2022February 16, 2022April 16, 2022February 8, 2022
August 23-29, 2022May 25, 2022July 23, 2022May 3, 2022
November 15-21, 2022August 17, 2022October 15, 2022August 9, 2022

Read more >> Best CFA Level 1 Books & Study Materials In 2022

Test schedules

All CFA tests will be computer-based starting in 2021. Exams are divided into two sessions, with a break in between if desired. Each exam lasts about two hours and fifteen minutes.

You can expect 90 multiple-choice questions every session on the LEVEL 1 CFA exam. That brings the total number of questions to 180. On average, you’ll have 1.5 minutes for each question.

Pledge, tutorial, and survey: 30 minutes

SESSION 1: 135 minutes

  • No. of questions: 90 questions

  • BREAK (optional): 30 minutes

SESSION 2: 135 minutes

  • No. of questions: 90 questions

WHOLE TESTING TIME: 4.5 hours

WHOLE EXAM DAY: 5.5 hours

How do I register for CFA Level 1?

cfa level 1 exam date

You must complete the following two procedures in order to register for the CFA exam:

  1. You can register for the CFA exam once registration opens. Remember to keep track of the CFA registration deadlines.
  2. Schedule your exam at the testing center of your choice. If you need to reschedule, do so before the scheduled appointment time. Changing your planned appointment will cost you an amount of money.

It’s vital to remember that registering for an exam is a two-step process. After you’ve registered for your exam, you’ll need to schedule your exam. If your desired location is not listed, please try again. Our appointment schedule is updated on a regular basis.

Please note that some test centers hit maximum capacity before registration closed owing to the epidemic. The CFA Institute is trying to increase the number of jobs available and to help candidates in affected locations. To avoid scheduling conflicts, we encourage you to register as soon as possible.

All three levels of the CFA exam are now administered by computer-based testing, ending 60 years of paper-based examination for Levels ll and ll. You must first register with the CFA Institute, after which you will be given the option of scheduling your exam on one of the CFA Institute’s dates.

Your CFA Program Curriculum will be made available to you in digital form once you register for the exam. A printed version is also available for USD 299 + shipping and customs costs after registration. Alternatively, you can print the whole or parts yourself.

Read more >> CFA Level 1 Exam Day Tips: How To Prepare For Your Exam?

How much does it cost to get CFA Level 1?

cfa level 1 exam date

Apart from CFA level 1 2022 dates, you should be aware of the CFA test expenses, which vary based on when you register for the exam, but there is a one-time registration charge of $450 when you register for the Level I exam for the first time.

Early enrollment costs $700 and standard registration costs $1,000 for each CFA level.

If you pay the rescheduling charge of USD 250 (for each rescheduling time! ), you can reschedule your CFA exam before the rescheduling deadline. Within your exam window, the rescheduling option allows you to change your exam day or test center location. Seating availability may necessitate the change. If there are no open seats at a certain time, you should check for availability on a frequent basis. However, keep in mind that each true rescheduling for 2022 examinations costs USD 250. Also, familiarize yourself with test center details (options are different from center to center, e.g. the length of the exam window can differ).

Deadlines for CFA Institute Scholarship:

  • 14 February 2022
  • 13 June 2022

Until recently, if you wanted to apply for Access Scholarship, you had to plan well ahead, as the deadline expired in mid-September of the year before the exam you wanted to take, e.g. all 2021 CFA exams were due on 15 Sept 2020. 

The CFA Institute, however, seems to want to change this for the 2022 CFA exams. At least two application windows will be offered in 2022, and both will be quite short, but they will be closer to your CFA exam, which will make it easier for you to plan your CFA exam. Initially, the application window for the Access Scholarship was supposed to open in May 2021 and again in the fall. As of now, we know that the first Access Scholarship application window for the 2022 CFA exam begins on 10 January 2022. The next application window will open on 9 May 2022. Apply for your Access Scholarship by setting up an account with CFA Institute. 

Other scholarships offered by the CFA Institute are Women’s Scholarships and Student Scholarships. They are currently given out on a “rolling” basis. As a result, there is no one deadline, but rather a number of short application windows. If you’re a student, see if you can apply through your school. And if you’re a woman, the new guidelines should make it easier for you to obtain a scholarship.

That’s a list of the CFA level 1 exam date! We hope you find this article useful in helping you with choosing your CFA level 1 test dates