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Kaplan Financial - Home > Training and Quals > International Students > Professional Qualifications > CFA > Exam structure and contents

CFA® Exam Structure and Contents

The exam consists of three levels, each of which must be passed before progressing to the next. There are no time limits for completing all three levels.

  • The Level I CFA® exam is sat in both June and December of each year.
  • The Level II and III exams are only available in June of each year.
  • The CFA® exam date is the first Saturday in the month.

CFA - About the examination 1

Content of the CFA® exam

  • All three levels consist of two three hour papers taken on same day.
  • The CFA® Institute recommends preparation time of at least 250 hours per level.
  • The CFA® Institute reserves the right to slightly vary the weights in each exam.

CFA - About the examination 2

Back to the International CFA® page

CFA® Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Kaplan Financial. CFA® Institute, CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

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Exam structure and contents