The CFA Exam dates for 2023 are limited because CFA test dates are only offered during short windows. What’s more, the CFA exam schedule includes early-bird, registration, and scheduling deadlines for Levels 1, 2, and 3. Therefore, you need the CFA 2023 exam dates to register and make your exam appointment in advance. So in this article, I’ll share updates to the CFA exam schedule in 2023. In addition to the CFA enrollment dates and score release timelines, I’ll show you how to save lots of money by meeting a CFA early bird deadline.
Although the CFA 2023 exam dates might seem a little random and scattered, they actually follow a standard pattern. Until 2020, the CFA Exam dates and deadlines were nearly the same every year: the exam was scheduled every June for all levels and every December for Level 1 only. However, the CFA schedule changed after 2021.
Basically, each quarter has a CFA Level 1 exam date in 2023. But the CFA exam dates are a little more limited for Levels 2 and 3 in 2023.
Plus, some testing windows actually span two months, so always double-check the exact CFA exam dates. For instance, the Level 1 “August” CFA exam dates in 2023 are all in the month of August (the 22nd-28th). In contrast, though, the Level 2 “August” 2023 dates actually go from August 29 to September 2.
In addition to the CFA 2023 schedule of test dates, you must be aware of other deadlines, too. In fact, the CFA exam has several dates to add to your calendar:
And to make things even more confusing, the dates between Levels 1, 2, and 3 can be different, even for similar testing windows.
As you can see in the lists above, the CFA exam dates are limited. For example, CFA Level 1 2023 dates are available every quarter. However, if you’re looking for a CFA Level 2 exam date in 2023, your only options are February, August, and November. And you have even fewer choices when selecting a CFA Level 3 2023 exam date since Level 3 is only offered in May and August.
In the charts below, you’ll notice significant differences in CFA Exam fees between the early and regular CFA exam registration deadlines. For instance, the CFA exam opens its registration about nine months before the exam date. Similarly, early registration, which includes a discounted exam fee, closes about six months before the actual exam.
For example, let’s look at the cost-saving differences for the CFA Level 1 November 2022 registration:
For the first testing window in 2023, the CFAI will offer both the Level 1 and 2 exams. If you want to take Level 3, on the other hand, you’ll need to wait until May or August.
|May 13, 2023||Level 1 and 2 registration and scheduling windows open|
|August 10, 2023||Level 1 and 2 early registration deadline||$900|
|November 1, 2023||Level 1 and 2 registration closes||$1,200|
|November 17, 2023||Level 1 and 2 scheduling deadline|
|January 15, 2023||Level 1 rescheduling deadline||$250|
|January 22, 2023||Level 2 rescheduling deadline||$250|
|February 15-21, 2023||Level 1 exam dates|
|February 22-26, 2023||Level 2 exam dates|
|March 2023||CFA Exam results released|
The May CFA exam calendar in 2023 only includes the Level 1 and 3 exams. That is, you can’t take Level 2 in May 2023.
|Already passed||Level 1 and 3 registration and scheduling windows open|
|Already passed||Level 1 and 3 early registration deadline||$900|
|February 8, 2023||Level 1 and 3 registration closes||$1,200|
|February 16, 2023||Level 1 and 3 scheduling deadline|
|April 16, 2023||Level 1 rescheduling deadline||$250|
|April 23, 2023||Level 3 rescheduling deadline||$250|
|May 17-23, 2023||Level 1 exam dates|
|May 24-26, 2023||Level 3 exam dates|
|July 2023||CFA Exam results released for Level 1|
|August 2023||CFA Exam results released for Level 3|
The CFA August 2023 schedule is pretty full, and candidates have opportunities to take every level of the exam.
|October 26, 2022||Level 1 and 2 registration and scheduling windows open|
|December 1, 2022||Level 3 registration and scheduling window opens|
|February 9, 2023||Level 1, 2, and 3 early registration deadline||$700|
|May 3, 2023||Level 1, 2, and 3 registration closes||$1,000|
|May 25, 2023||Level 1, 2, and 3 scheduling deadline|
|July 23, 2023||Level 1 rescheduling deadline||$250|
|July 30, 2023||Level 2 and 3 rescheduling deadline||$250|
|August 23-29, 2023||Level 1 exam dates|
|August 30-September 3, 2023||Level 2 exam dates|
|August 30-September 6, 2023||Level 3 exam dates|
|October 2023||CFA Exam results released for Level 1 and 2|
|November 2023||CFA Exam results released for Level 3|
The CFAI will offer just two levels of the CFA Exam in November of 2022.
|February 1, 2023||Level 1 registration and scheduling opens; Level 2 registration opens|
|February 15, 2023||Level 2 scheduling opens|
|May 4, 2023||Level 1 and 2 early registration deadline||$900|
|August 9, 2023||Level 1 and 2 registration closes||$1,200|
|August 17, 2023||Level 1 and 2 scheduling deadline|
|October 15, 2023||Level 1 rescheduling deadline||$250|
|October 22, 2023||Level 2 rescheduling deadline||$250|
|November 15-21, 2023||Level 1 exam dates|
|November 22-26, 2023||Level 2 exam dates|
|January 2024||CFA Exam results released|
Normally, Level 1 applicants may register as early as nine or ten months before the exam. Sometimes, the registration period can be even longer, though. For example, the August 2020-November 2021 CFA Level 1 window had an unusually long registration period. But then the November 2022 CFA Level 1 registration window was shorter. Therefore, if you don’t register this year, be sure to check next year for updated 2024 deadlines.
Basically, if you miss the deadlines to register or schedule your exam, you can’t request an extension. To state it another way, you can’t register late. As a result, you must meet your CFA registration deadline.
For example, let’s assume that you want to sit for CFA Level 1 in August 2023. If you fail to register before the early-bird deadline (February 9, 2023) or the regular deadline (May 3, 2023), then you’ll have to take CFA Level 1 in November 2023.
If needed, you can reschedule your CFA exam within the same window for a fee. You simply need to go online, log into your Prometric account, and reschedule your exam. However, you must do so before the reschedule deadline.
Plus, you can’t switch your registration to a new testing window. For instance, if you scheduled an exam in May 2022, you can reschedule for another time and test date as long as it’s still in May 2023.
The normal rescheduling fee for 2023 is $250. In 2021, though, the CFAI reduced the rescheduling fee for all 2021 exams to $25 due to the pandemic and travel restrictions. So if you see another website mention a $25 rescheduling fee, note that it’s now $250.
According to the CFA pass rates, over half of the CFA candidates fail their exams each year. If this happens to you, don’t worry—you can retake your failed section. Moreover, the CFAI doesn’t have specific CFA registration dates for re-takes. Instead, you must wait 6 months from the day of your failed exam to the day you register for a re-take.
Here’s an example:
As you can see, each time you fail a section, you push back your CFA exam timetable even further. So if you want to stick to your original CFA schedule, study with a review course that can help you pass on the first try.
The CFA Institute provides practice questions and mock exams for your personal use. You’ll find them in your CFAI Learning Ecosystem (online user portal) after registering for the CFA exam. However, the mock exams aren’t available until 2 months before your scheduled exam.
Plus, if you might want to pay your CFA Exam fees via an invoice, there’s a deadline for that, too. (This option is available for November dates.)
In summary, here’s a quick reminder of when you can—and can’t—take the CFA exam in 2023.
|February 2023||May 2023||August 2023||November 2023|
|CFA Level 1 Dates|
|CFA Level 2 Dates|
|CFA Level 3 Dates|
Since it was founded, the CFAI has offered many scholarships that reduce the exam fees. Specifically, the Access Scholarship was designed to help candidates who couldn’t afford the full fee.
The next Access Scholarship application window is May 9 to June 13, 2023.
In 2023, you have four opportunities to take the CFA Level 1 exam: February, May, August, and November.
In 2023, you can take the Level 2 exam in February, August, and November. The Level 3 exam will be given in May and August 2023.
Although the CFAI charges a $250 fee, you can reschedule your CFA exam in the same testing window if you do so before the deadline. The CFA reschedule deadlines are:
In the past, CFA could register to take the CFA exam and then schedule a specific testing appointment at the same time. Registration and scheduling are now two separate processes, though. Thus, you’ll register with CFAI first and then schedule your test day with Prometric second. Choosing the early-bird registration dates can save you a lot of money on CFA exam fees.
The CFAI doesn’t release specific score release dates. However, results are us3ally available within 60 days for Levels 1 and 2 and 90 days for Level 3.
If you fail a level of the CFA exam, you must wait 6 months to retake it. For example, if you failed the February 2023 Level 1 exam, you must until the CFA Level 1 August 2023 registration date to sign-up for a retake.