Can I move my CFA exam from August to November?

Yes, you can move your CFA exam from August to November by using a paid deferral, which costs a significant fee (around $449), as you cannot simply reschedule between different exam windows; rescheduling only changes your date within the August window for a $250 fee, while moving to November requires a deferral to a future window. You must request the deferral through your CFA Institute account, pay the fee before the deferral deadline, and this is typically a one-time option per registration.

Can you change the date of your CFA exam?

If you need to reschedule your exam appointment in your exam window, you will be charged a non-refundable USD 250 fee and any applicable taxes. You may not use this change to move to a new testing window.

How late can you defer your CFA exam?

Deferral Policy

-Scheduled candidates may purchase a paid deferral up until 24 hours before their scheduled exam appointment or 24 hours after their appointment has passed. -Candidates who did not schedule an exam appointment may purchase a paid deferral up until 3 days following the close of the exam window.

How much does it cost to postpone the CFA exam?

Rescheduling is the process of changing your scheduled CFA® exam appointment to a different date, time, or location within your currently registered exam window. A US250 fee applies to any change to your exam appointment.

Is 65% enough to pass CFA level 1?

Is 65 enough to pass CFA? To pass the exam, aiming for 70% proficiency in as many topics as possible is advisable. In essence, one doesn't need to surpass the 70% threshold in all areas to pass; some argue that scores as low as 65% or even 63% are acceptable.

How to Defer CFA Level 1 exam 2025 l Process l Cost l Latest Update 2025

Is CFA harder than a master's degree?

While both CFA and a master's are equally challenging, the only differences come in when CFA is said to be more rigorous due to its specialised contents and demanding exam structure.

Is 67% enough to pass CFA?

CFA Institute does not disclose an exact cut-off, but experts and data from previous years suggest that candidates need to answer at least 65% to 70% of the questions correctly to pass. CFA Level 1 has 180 multiple-choice questions divided into two sessions of 2 hours and 15 minutes each.

Is CFA tougher than CA?

Is CFA tougher than CA? A: The CFA and CA (Chartered Accountant) qualifications have different focuses and challenges. While both are demanding, many find CA to be more rigorous due to its extensive practical training and exams.

What happens if you fail the CFA exam 6 times?

Each candidate is allowed up to six total attempts per exam level. Candidates who are unsuccessful after six attempts at the same level are no longer eligible to register —this applies to attempts under both existing and newly created accounts.

Is 4 months enough for CFA level 1?

No, studying for any CFA exam in less than 6 months will not give you enough time to adequately prepare unless you have a relevant background in the curriculum. According to CFA Institute, candidates study on average 348 hours for the Level I exam, 364 hours for the Level II exam, and 365 hours for the Level III exam.

Is CFA still relevant in 2025?

Absolutely. With its global recognition, high demand, and strong salary prospects, the CFA remains one of the most valuable finance credentials in 2025.

Can I defer the CFA exam for free?

You may submit a request for an emergency deferral of your CFA exam only in special circumstances, such as a death in your immediate* family or a serious illness. As of 2025, emergency deferral is charged USD 100. This is a processing fee that covers the administrative costs associated with canceling your registration.

Can I get a refund instead of a CFA deferral?

Refund Policy

A full refund of your CFA® Program enrollment and exam registration fees is available within fourteen (14) calendar days of payment. After this period, both the enrollment and exam registration fees become non-refundable and non-transferable.

Is CFA level 2 possible in 3 months?

Three months can be enough time, but typically it takes a candidate at least six months to prepare for the CFA Level 2 exam.

What is the CFA pass rate?

Also, understand the latest scoring pattern and the mechanism behind the Minimum Passing Standard (MPS). The CFA exam is considered one of the hardest professional examinations in the world. Candidates often spend about 300 hours preparing for each of the exam's 3 levels, and pass rates still range between 40% and 55%.

Can I cancel my CFA exam and get a refund?

Exam Cancellation and Withdrawal

If a candidate is unable to attend their upcoming CFA® exam, CFA Institute can cancel the exam registration upon request. Please note that canceling an exam registration does not provide a refund or financial credit.

Is 60% enough to pass CFA level 1?

The Minimum Passing Score (MPS) for CFA Level 1 exams has fluctuated between 56% and 74% from 2012 to 2024, averaging 65% over 12 years. The estimated MPS for the most recent Level 1 exam in November 2023 is around 68%.

Can I reschedule my CFA exam to another month?

You can change your CFA exam date within the same exam window but you cannot move it to another window unless you defer. For example, if your CFA Level 1 exam November 2025 date no longer works for you, you can reschedule it within the same November exam window. There is a CFA exam rescheduling fee involved.

Is CFA the hardest exam in the world?

The Chartered Financial Analyst credential is one of the most demanding exams on Earth when it comes to preparation and study time required. The average pass rate for the CFA Level 1 is only 43%. For Level 2, you're looking at a passage rate of 44%. And Level 3 is not much easier at 50%.

What is a CFA salary?

While ZipRecruiter is seeing annual salaries as high as $187,000 and as low as $37,000, the majority of Cfa salaries currently range between $65,500 (25th percentile) to $130,000 (75th percentile) with top earners (90th percentile) making $153,500 annually across the United States.

Is a 75% on the CPA exam passing?

The CPA Exam is scored on a scale from 0 to 99, and a CPA passing score for each section is a minimum of 75. However, the score is not based on a percentage of correct answers. Your score calculation is based not only on whether you answered questions correctly, but also on the relative difficulty of each question.

Is CFA harder than the bar?

CFA Exams Pass Rates

The CFA exams are perhaps the most challenging exams out there. They are often referred to as “bar none” the toughest exams—even harder than medical school or law school exams—with pass rates that hover around 50% and were much lower during the recent pandemic.

Is 40 too old for CFA?

Is it too late to pursue a CFA at age 40? Not at all. There is no strict CFA age limit, so anyone can start, provided they meet the eligibility criteria. The CFA age requirement is flexible, so it suits people changing careers or with work experience.

Did CFA remove the 90th percentile?

The 10th and 90th percentiles were removed from the report because we have added scale scores. Scale scores add more precision to your results interpretation. The 10th and 90th percentiles only provide a comparison of your result against other candidates in the same administration.

Is CFA harder than CPA?

CFA vs CPA difficulty

Or are the CPA exams harder than the CFA exams? As we've established when looking at the differences between the CFA and CPA exams, the breadth, depth and length of the CFA exams combined make the CFA exams a lot more challenging to undertake and pass than the CPA exams.