CFA 2027: Level-1 Exam Dates, Application Fees, Admit Card.
Updated On - October 16 2026 by Abhinandan Singh
The Level 1 CFA exam for the Feb session will be conducted from14–20 February 2023. The level-1 exam will be conducted from 14–20 February 2023. From the year 2023 CFA will be held in online mode.The Chartered Financial Analyst Programme entrance exam for the CFA program is conducted twice a year at the universal level. The CFA program is a self-study program divided into three levels (Level I, II, and III). On qualifying, this exam candidate will step toward becoming a CFA charter holder. CFA exam 2027 will be conducted in the English language only. The candidates can go through the full article below to know more about the CFA Exam 2027 Details like Date, Application Form, Eligibility Criteria, etc.
EntranceZone · Latest Update
CFA 2027 Latest Update as on 16 October 2026 — official 2027 notification awaited
Checked on 16 October 2026
CFA 2027 has no official exam-date or application notification yet from CFA Institute; students should watch the official website for the next registration window and exam schedule.
Key highlights
Exam
CFA 2027
Status
Official 2027 notification not released yet — the points below are the latest available official information (2026 cycle) and will be replaced once the 2027 notice is published.
Next expected
Registration for CFA 2027 Level I is expected to open later, likely following the institute’s usual annual notification pattern.
As of 16 October 2026, there is no official CFA 2027 Level 1 exam notification, fee chart, or admit-card schedule released by CFA Institute. The current official website activity is unrelated to the exam cycle and only confirms that CFA Institute LIVE 2027 registration is open. For CFA 2027, the next meaningful step is the formal exam-cycle announcement, which is typically followed by registration dates, fee details, and then scheduling information. Based on the previous-year pattern, students should keep checking the official site for the next release rather than relying on rumors. For now, the safest action is to monitor cfainstitute.org regularly and prepare documents and study plans in advance.
✓ Official
Official 2027 notification not released yet — the points below are the latest available official information (2026 cycle) and will be replaced once the 2027 notice is published.
CFA Institute is the official body for the CFA program.
CFA Institute’s official site currently promotes 2027 CFA Institute LIVE events and states that registration is now open for those events.
◷ Expectedbased on previous-year pattern — not official
Registration for CFA 2027 Level I is expected to open later, likely following the institute’s usual annual notification pattern.
The 2027 exam-window announcement is expected after registration details are published; this remains unconfirmed.
Admit card / scheduling details are typically released closer to the exam date, after registration closes.
If the pattern matches prior years, the Level I exam schedule may be announced in phases rather than all at once.
Candidates should expect the official curriculum, fees, and deadlines to appear only on the CFA Institute website when the 2027 cycle is formally launched.
No CFA 2027 exam-cycle update has been officially announced yet; the only confirmed item is that CFA Institute is conducting the program and will publish the next application and exam schedule later.
No major change has been officially announced yet for CFA 2027. The official material available now does not confirm any change in exam pattern, syllabus, eligibility, application process, or marking scheme for the 2027 cycle. Until CFA Institute publishes the exam notification, any discussion of dates, fees, admit cards, or format should be treated as tentative only. Students should therefore wait for the formal notice before relying on any schedule or rule updates.
Frequently Asked Questions
Is there an official CFA 2027 notification yet?
No. CFA Institute has not officially released the CFA 2027 exam notification, dates, or fee details yet.
Who conducts CFA 2027?
CFA 2027 is conducted by CFA Institute.
What is the latest official update on CFA 2027 Level 1?
The latest official information does not confirm the exam cycle; only CFA Institute’s general 2027 event registration is currently open.
When will CFA 2027 registration start?
It is expected later, but CFA Institute has not officially announced the registration date yet.
When will the CFA 2027 admit card be released?
The admit card/scheduling details are usually released closer to the exam after registration closes, but no official date is out yet.
Has CFA 2027 fee information been released?
No official fee information for the CFA 2027 exam cycle is available yet.
Where should candidates check for the official CFA 2027 update?
Candidates should monitor the official CFA Institute website for the formal notification and schedule.
CFA 2027 Exam Status
Candidates can check the essential details of CFA 2027 which is mentioned below:
What are the changes to the format and frequency of the CFA 2027?
Along with Level I, the Level II and Level III CFA exams will shift from paper-based to computer-based.
The Level I computer-based exam will be offered four times per year. The Level II and Level III computer-based exam will be offered two times per year.
What are my options if I was postponed from CFA June 2020 exam?
All candidates who have registered for what is now the final paper-based exam in December 2020 may stay with this option or switch to any of the available 2023 administrations by level.
Candidates who have registered for the June 2023 paper-based exam may revert to the December 2020 paper-based exam or select any of the available 2023 computer-based options.
If the dates were postponed from June 2020 and the exam the candidate subsequently registered for is postponed as well, then they will have the option to defer again or to request a refund for the registration fee paid for the June 2020 exam.
CFA 2027 Application Form
The CFA 2027 application form details can be checked on the official website of the conducting body. The candidates can also check the details about CFA registration below:
For February 2023 (level I)
The last to submit the form & application fee (without a late fee) is December 2023.
The steps to be followed to fill the form:
The applicants will have to register themselves on the official website "login.cfainstitute.org".
To register the candidates will have to give the details like name, email id, password, etc.
A link will be sent to the mailbox. Click on the link & verify the details.
After verification, log in with the registration details. The application form will be displayed.
Fill the form with the details required like personal details, academic details, etc.
Upload the scanned images of photographs, signature & mandatory documents.
The applicants will have to select the preferred city for the exam.
Submit the fee by using the Credit Card/Debit Card.
The applicants are advised to take the printouts of the filled form for future use.
CFA 2027 Application Fee
The CFA 2027 registration fee can be paid in the following ways on the official website.
Online mode: The aspirants can check the details below for the online fee payment.
By Credit/Debit card: American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa
Offline mode: -Below mentioned details are for offline payment.
By Wire transfer, ACH (Automated Clearing Houscheck), money order, or postal order.
A one-time program enrollment fee is required when a candidate will register for the first Level I CFA Program exam. CFA 2027 enrollment fee is USD 700.
For June 2023 (Levels I, II & III)
The application fee details for CFA June 2020 for all the levels are given in the table.
CFA Registration Fee (Levels I, II & III)
Type of Application fee
Amount (USD)
Early registration fee
USD 700
Standard registration fee
USD 1,000
Late registration fee
USD 1,450
Note- The registration deadline ends at 11:59 pm ET.
The candidates can check the CFA 2027 Eligibility Criteriaon the official website. Listed below are the CFA Level 1 eligibility criteria:
Academic eligibility criteria
The applicants must have a Bachelor's degree or equivalent program.
Or
To apply in the level II exam the applicants must have completed the Bachelor's degree or equivalent.
Or
Those who have four years of work experience and/or higher education are also eligible.
General eligibility criteria
The job experience related to investment is not the necessary CFA entrance.
The applicants must have a valid international travel passport to register and sit for the exam.
The candidates must complete a Professional Conduct Statement form to attest that they comply with this requirement.
Note - Before applying for the exam, the applicants must make sure that their Country is not excluded from the list.
CFA 2027 Admit Card
TheAdmit Card for CFA 2027can be downloaded from the official website of the CFA Institute.The admit card/hall ticket details are listed below:
The applicants will have to visit the official site & click on " Login".
Login with the details like email id & password (generated during registration).
Now the candidates can download the admit card.
Take the printout of the hall ticket & keep it safe for future use.
The admit card/hall ticket/exam admission ticket will have the details like the Candidate's name, exam centre name, roll number, etc.
Note- The candidates must have an International Travel Passport along with the admit card in the exam hall for verification purposes.
CFA 2027 Exam Pattern
The CFA 2027 exam pattern can be checked on the official website. The exam pattern for each level is different. The applicants can check below for the details:
For Level I (February 2023)
The level I entrance exam is conducted twice a year. The candidates can check the below table:
CFA Paper Pattern for Level I
Type of questions
Multiple Choice Questions (MCQ)
Number of questions
240 questions
Marking scheme
3 marks to each
Sessions
Two (Morning & Afternoon)
Session wise details of CFA 2027 exam are shown in the table. The candidates have to appear in both sessions.
Sessions
Details
Number of Questions
Duration of Exam
Morning Session
120 questions
180 minutes (3 hours)
Afternoon Session
120 questions
180 minutes (3 hours)
For Level II (May 2023)
The candidates can check the level II exam pattern on the official website of CFA institute. The Level II exam has a total of 21 item set questions.
CFA Question Pattern for Level II
Type of questions
Multiple Choice Questions
Number of questions
120 questions
Marking scheme
3 marks each
Sessions
Two sessions (Morning & Afternoon)
The candidates are advised to check the level II exam pattern for CFA entrance below in the table:
Sessions
Details
Number of Questions
Duration of Exam
Morning Session
10 items set questions
180 minutes (3 hours)
Afternoon Session
11 item set questions
180 minutes (3 hours)
On the Level II exam, the candidates will have a total of 120 items (18 vignettes with 6 items each and 3 vignettes with 4 items each, for a total of 21 vignettes).
For Level III (May 2023)
The Level III exam consists of an item set and constructed response (essay) and item set questions. This level is conducted only in June. Session wise details are discussed below:
Sessions
Details
Number of Questions
Duration of Exam
Morning Session
12 item set questions
180 minutes (3 hours)
Afternoon Session
11 item set questions
180 minutes (3 hours)
Level III (morning session) is 180 points.
CFA 2027 Syllabus
The applying candidates can check the syllabus for CFA 2027 on the website of the conducting body. The level-wise syllabus & exam weightage is listed below:
CFA Level I Syllabus (February 2023 and June 2023)
The topics are discussed below with the exam weightage:
Topic
Exam Weight
Ethical and Professional Standards
15%
Financial Reporting and Analysis
15%
Quantitative Methods
10%
Economics
10%
Corporate Finance
10%
Equity Investments
11%
Fixed Income
11%
Derivatives
6%
Alternative Investments
6%
Portfolio Management
6%
Before applying for the exam candidates are advised to go through the curriculum thoroughly.
CFA Level II Syllabus (June 2023)
The level II syllabus is discussed below in the table:
Topic
Exam Weight
Ethical and Professional Standards
10-15%
Financial Reporting and Analysis
10-15%
Quantitative Methods
5-10%
Economics
5-10%
Corporate Finance
5-10%
Equity Valuation
10-15%
Fixed Income
10-15%
Derivatives
5-10%
Alternative Investments
5-10%
Portfolio Management
5-15%
CFA Level III Syllabus ( June 2023)
The topics with their marks weightage are discussed below in the table:
The Level I & Level II exam results will be available within 60 days from the date of the exam.
The Level III exam result will be declared within 90 days from the exam date.
Applying candidates for the CFA Program exam will be provided with a "pass" or "did not pass" exam result & detailed information on their performance.
If an applicant is not satisfied with the result, they may request for rechecking.
There is a minimum passing score for each level set by the CFA Institute Board of Governors.
Note- Exam results are available online for approximately one year after the exam date. After this date, candidates may request an official letter confirming their "pass" or "did not pass" exam result, but their topic area performance summary will no longer be available.
Candidates are required to select CFA exam centres location while registering for the exam. Candidates can also request a change in CFA exam centre after completion of the registration process. The exam centres are allotted to candidates as per their preferences and availability of seats. The details of the exam centre are mentioned on the CFA admit card.
CFA Exam Centres
Chartered Financial Analyst Exam will held at following exam centre which varies according to the session of the exam:
For February Session
Ahmedabad
Bangalore
Bhopal
Chennai
Hyderabad
Jaipur
Kolkata
Lucknow
New Delhi
Mumbai
Pune
-
For May Session
Bangalore
Jaipur
Kolkata
Lucknow
Mumbai
New Delhi
CFA 2027 Highlights
The highlights for CFA 2027 Entrance Exam are as follows:
Two levels- June (Levels I, II&III) & December (level I)
About CFA Institute Board of Governors
The CFA Institute was formed in the year 1947 by four financial analyst societies Boston, Chicago, New York, and Philadelphia for the purpose of promoting the exchange of ideas and supporting the welfare of their profession. CFA Institute is a global association of investment professionals. In 2004 its name changed to CFA Institute since then almost 2,00,000 CFA Charters have been awarded. CFA Institute has more than 164,000 members in 164 markets and 156 local member societies.
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