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When Is the CFA® Exam?

By: Kaplan Schweser
March 10, 2021
Save the Date graphic informing candidates of changes to CFA Exam Dates

"When is the CFA® exam?" is one of the first questions you want answered if you’re planning to sit for the exam. This article has information about the changes to the exam schedule related to the pandemic and big news about changes to all levels of the exam in 2021 and 2022.

Considering the CFA charter? Before you choose your CFA exam date, download this free, Before You Decide to Sit for the CFA Exam, eBook.

CFA® Exam Schedule in 2021

Because of the novel coronavirus, CFA Institute postponed the June 2020 exams and then cancelled more than 100  December 2020 sittings because of exam center closures

CFA Level I candidates who registered for the June 2020 or the December 2020 exam have the option of registering for a new July window that is open to all candidates. Candidates who registered for the February 2021 exam only to learn that capacity at the testing centers is full also have that options.

Level II candidates can choose to sit for the exam in May, August, or November 2021. Level III candidates who prefer to wait until 2021 will have the option of sitting for the exam either in May, August, or November 2021. The specific dates of the windows are as follows.


CFA Exam Level I 2021 - Remaining Windows

  • May 18–24, 2021
  • July 18–24, 2021
  • August 24–30, 2021
  • November 16–22, 2021

CFA Exam Level II 2021 Windows

  • May 25–29, 2021
  • August 31–September 4, 2021
  • November 26–30, 2021

CFA Exam Level III 2021 Windows

  • May 25–27, 2021
  • September 1–8, 2021
  • November 23–25, 2021

Coming in 2022: A Regular Cadence for CFA Exam Dates and Schedules

After 2021, CFA Institute will offer the CFA exam on a more regular schedule. Level I will be offered four times a year in February, May, August, and November 2022. Level II and Level III will be offered twice a year. Level II will be offered in windows in February and August 2022. Level III of the CFA exam will be offered in windows in May and November 2022.


Now That You Know the CFA Exam Dates

Exam preparation packages go a long way toward making sure you’re ready on the big day. If you purchased packages for the June 2020 exam, your online materials will be extended until your new exam date.

Free eBook: Before You Decide to Sit for the CFA® Program Exam

Free eBook: CFA® Program Fundamentals, 2nd Edition

Ready to Pass the CFA® Exam?