The first exam is offered four times a year, the second is offered thrice, and the third exam is offered only twice annually. The latest you may register for these exams is typically at least 3 months before the exam date. As of 2021, all exams will be computer-based and will no longer be offered in paper format.

No, studying for any CFA exam in less than 6 months will not give you enough time to adequately prepare unless you have a relevant background in the curriculum. According to CFA Institute, candidates study on average 348 hours for the Level I exam, 364 hours for the Level II exam, and 365 hours for the Level III exam.

CFA vs CPA Exam difficulty Both are challenging and require gaining skills and knowledge in complex topics. However, the CPA Exam generally requires less studying - around 80 to 120 hours per section compared to 300 hours per section of the CFA Exam, and the CPA Exam also has a higher pass rate.

Undergraduate students are eligible to register and take the Level I exam in any of our offered exam cycles (February, May, August, or November) as long as you are within 23 months of graduation. After passing the Level I exam, students may take the Level II exam within 11 months of graduation.