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CFA® Program Practical Skills Modules (PSM)

Updated 29 Oct 2024

In order to receive your exam result, you are required to complete at least one PSM at each level. The PSM topic may be chosen after registration at any time during your exam study period and must be completed before results are released. Each PSM takes 10-20 hours to complete. Ensure your PSM is completed by clicking the 'Continue' or 'Finish Task' button within the module.

If you do not complete and submit a PSM by the time results are released, your exam result will be voided, and you will not be provided with a pass or fail result. To continue your journey in the CFA Program, you will be required to register and pay all applicable fees, and retest at the same exam level.

Learn more about Practical Skills Modules.

Level I and LII candidates testing in 2024: Complete a Practical Skills Module