CFA Exam Fee Schedule

What you should know about exam fees:

  • Register early to save. There are three possible registration deadlines for each CFA exam and fees increase with each subsequent deadline. Exam registration closes at 11:59 p.m. ET on the day of the final deadline.
  • Enrollment and registration fees are nontransferable and nonrefundable. View the CFA exam Level I withdrawal policy.
  • First time CFA Program applicants pay an initial one-time enrollment fee of US$440 in addition to the exam registration fee.
  • Returning candidates pay only the exam registration fee.
  • Payment must be made in U.S. dollars. We accept several methods of payment. View your payment options.

December 2014 Exam (Level I only)

Your registration fee includes:

  • Access to the curriculum eBook for your exam level
  • Supplemental study tools: Topic-based practice tests, mock exams, and an interactive study planner
During the registration checkout process, you will have the option to purchase the 2014 print curriculum (available for a non-refundable fee of US$150, plus any fees associated with shipping).*
  First deadline
13 March 2014
11:59 p.m. ET
Second deadline
20 August 2014
11:59 p.m. ET
Final deadline
17 September 2014
11:59 p.m. ET
First-time Enrollment Fee:
Deadline passed US$440 US$440
Exam Fee:
Deadline passed US$800 US$1,170

Create an account or log in to register for the December 2014 exam.

*Curriculum shipments:  Refund policy, import duties, customs fees, taxes, and shipping fees

Payments for print curriculum orders are nonrefundable once the order has been placed.  International print curriculum shipments may be subject to import duties and taxes, which are levied once a shipment reaches your country. You must pay an additional charge for customs clearance – we have no control over these charges and they vary from country to country. To avoid any issues with delivery of your curriculum, contact your local customs office. Review shipping and customs fees details.

Refund and deferral policies

A full refund of your enrollment and registration fees is available within two (2) business days of payment if you change your mind. Due to fluctuating exchange rates outside our control, we cannot guarantee that the exact amount paid to CFA Institute will be the same amount (in other currency) returned. Thereafter, enrollment and registration fees are nonrefundable, even in the event of a medical condition or other extreme circumstance. Enrollment and registration fees are non-transferrable.

Registration deferrals to the next available exam are considered on a case-by-case basis for life-threatening or very serious illnesses (candidate or immediate family), natural disasters, and mandatory military service. This does not guarantee a deferral to any candidate for any condition but instead provides CFA Institute with the discretion to determine which deferral requests it approves and denies. Candidates awarded a deferral are responsible for all applicable new curriculum charges. Deferral requests must be received by CFA Institute prior to the scheduled exam or within 10 U.S. business days after the exam date.