How To Register For CFA Exams? When Should You Register & Book Your CFA Exams?

If you’re planning to take the CFA exams and choose to study on your own, you’ll need to handle the registration process yourself. It’s not too difficult, but you must follow the steps carefully to avoid any issues.

Some students prefer to prepare for the CFA exams before registering. However, if you’re with a coaching institute like IMS ProSchool, you don’t need to worry about registration. We can help take care of both the registration and exam preparation for you.

If you decide to register on your own, here’s what you need to do. Remember, if you prepare first and register later, you might miss out on getting study materials directly from the CFA Institute. Although these materials can be a bit challenging, they are very important for your exam preparation.

Remember that timely exams registration is essential to secure your spot, avoid late fees, and ensure adequate preparation time. Registering early not only gives you access to valuable resources and reduces stress but also allows you to plan personal and professional commitments effectively.

If you want to register for the November CFA exam, you need to act quickly as the registration period closes in August. For your reference:

• AUG 2024 CFA Exam Results: Candidates at all levels can start registering from November 14, 2023.
• NOV 2024 Level 1 and Level 2 Candidates: Registration opens on February 8, 2024.

Make sure to register on time to secure your spot and avoid any last-minute issues. Doing so allows you to focus on studying and be well-prepared for the exam day.

Understanding CFA Exam Registration

Here’s how to go about the CFA registration process:

Check Your Eligibility:

• Ensure you meet the CFA exam eligibility criteria:
• You need a bachelor’s degree or an equivalent qualification.
• If you don’t have a degree, you need 4,000 hours of professional work experience.
• You can combine work experience and education over at least 36 months, but these periods must not overlap.
• You can start your CFA journey in your second year of undergraduate studies.
• A valid international passport is required for enrollment.
• You must be proficient in English to take the exam.

Create a CFA Institute Account:

Prospective candidates for the Chartered Financial Analyst (CFA) Program must register online with the CFA Institute, as mail registrations are no longer accepted.

Here’s how to get started:

1. Sign Up on the CFA Institute’s Website: Create an account and apply for a scholarship if you’re eligible.
2. Register for Your Level 1 CFA Exam: Complete your registration and wait for your scholarship decision if you applied.
3. Pay the Fees: Pay the due registration and enrollment fees. (Note: Full fees apply if you’re ineligible for or not accepted for a scholarship.)
4. Read and Accept the Candidate Agreement: During the CFA registration process, candidates must carefully read and accept the Candidate Agreement. Additionally, they are required to submit the Professional Conduct Statement, which involves disclosing any relevant reprimands, litigations, or investigations. This statement must be submitted upon the first CFA exam registration, annually, and before each subsequent exam registration.
5. Schedule Your Level 1 CFA Exam: Choose your exam date within your selected exam window.
6. Reschedule Your Exam: If needed, you can reschedule your exam appointment.

The online registration process for first-time candidates is simple and user-friendly.

Apply for Scholarships (If Applicable):

If you qualify for any CFA Institute scholarships, ensure you complete the account creation process before applying for the scholarship. This will allow you to submit your scholarship application properly.

Several scholarships available to help you:

• Access Scholarship: Designed to help those with financial need.
• Student Scholarship: For full-time students enrolled in degree programs.
• Professor Scholarship: Available for full-time faculty members at accredited universities.

These scholarships can help reduce the cost of the CFA program and make it more accessible.

84% of our students recommend you join us for your CFA Prep

Fee Payment Details

Registration fees and new payment options for the CFA Program are as follows:

CFA Exam Fees Breakdown (2024-2025) Level-wise

Understanding these fees and registering early can help manage costs effectively and ensure better preparation for the CFA exams.

New Payment Option for Candidates in India

EMI Option: Candidates residing in India can use the Equated Monthly Installment (EMI) option through Eduvanz. To use this option, select “Pay by Invoice” during checkout and submit the invoice with the EMI payment method. This option is available up to 40 days before the registration deadline. (Note: EMI availability is subject to Eduvanz’s approval and documentation requirements.)

Also Read – Breaking Down the Cost of CFA in 2024 + Essential Budgeting Tips

Additional Information

• Registration Restrictions: Residents of certain countries may not be able to register for the CFA exam. Check the Office of Foreign Assets Control (OFAC) Policy for any sanctions on your country.
• Registration and Scheduling: The CFA Institute may close registration and scheduling early if needed.

Scheduling Your CFA Exam

To schedule the CFA Exam, candidates need to follow two key steps. First, register for the exam through the CFA Institute’s website. Once the registration process is complete and payment has been processed, a link will appear in the registration dashboard to schedule the exam.

Using the scheduling tool, candidates can select their preferred testing center and choose dates and times that work best for them. A confirmation email will be sent once the exam is scheduled. If this email is not received, candidates should contact the provider directly as it indicates the exam is not scheduled.

The CFA Institute remains a valuable resource for exam-related information, sending reminders and mock exams as the exam date approaches. Contact CFA Institute only if you need to update account information or have general questions about the CFA Exam.

Tips for Scheduling the CFA Level 1 Exam:

• Schedule as soon as possible to secure your preferred test center location.
• Test centers and seats are allocated on a first-come, first-served basis.
• Check back frequently for available seats if your desired location is initially unavailable.
• Select both city and country for the most precise testing location results.
• Adjust the date range to see more scheduling options.

Also Read – CFA Study Material | Schweser, Wiley, Princeton, CFA Institute | What’s Best To Pass CFA Exams?

Changing a Scheduled CFA Exam:

• You can change your exam schedule within your current exam window for a fee of $250.
• Switching to a new testing window is not permitted.

Rescheduling a CFA Exam:

• Reschedule well in advance through your CFA Candidate Tile.

Deferring a CFA Level 1 Exam:

• Deferrals are allowed on a case-by-case basis for specific reasons such as COVID-19 restrictions, a positive COVID test, life-threatening illness, death of an immediate family member, mandatory military service, pregnancy, or a natural disaster. Documentation is required.
• Candidates can also purchase a USD 399 deferral up until the deadline. When you purchase a deferral, you may postpone your exam appointment for up to 12 months, depending on your exam level and appointment availability.

Canceling a CFA Level 1 Exam:

• Candidates can withdraw or cancel their exam registration up to five days before the exam window starts.
• No refunds or transfers are given for enrollment and registration fees.
• Failure to withdraw within the required time frame means re-registration for the next exam is only possible after the current exam results are released.

Key Deadlines and Exam Windows

Please note that dates till July 2024 are all closed.

Early Registration vs. Standard Registration Deadlines

When registering for the CFA exam, you have the option to choose between early registration and standard registration. Understanding the differences between these two deadlines can help you plan your preparation and save money.

Early Registration

• Cost Savings: Early registration offers a lower fee, making it a more economical choice. Extended Study Time: By registering early, candidates can access the CFA Institute’s study materials sooner, giving them more time to prepare for the exam.
• Flexibility: Early registration allows for more flexibility in scheduling your exam date and choosing your preferred testing center. Since test centers and dates are allocated on a first-come, first-served basis, early registrants have a better chance of securing their desired options.

Standard Registration

• Additional Time to Decide: If you’re unsure about taking the exam or need more time to prepare financially, standard registration provides additional months to make your decision.
• Higher Fee: The standard registration fee is higher than the early registration fee.
• Limited Availability: Waiting until the standard registration period means you may have fewer options for test dates and centers, as many slots may already be taken by early registrants.

Choosing between early and standard registration depends on your preparedness, financial situation, and preference for exam scheduling flexibility. Opting for early registration can offer significant advantages, including cost savings and a better chance of securing your preferred exam date and location.

Preparing for Your CFA Exams

Starting your journey to pass the CFA Exam is like training for a marathon. It needs a plan, commitment, and a strategy that fits you. A study plan isn’t just a schedule; it’s a guide that matches your way of learning, speed, and daily life. This plan is crucial—it helps you cover the whole syllabus, manage your time, and ensure you understand every topic.

For those who have earned the CFA charter, a study plan shows discipline. It helped them handle tough materials while balancing work and personal life. For CFA tutors, it tracks students’ progress, highlights weak areas, and adapts teaching methods.

Here’s why a tailored study plan matters:

1. Personalization: Everyone has different strengths and weaknesses. A plan that fits these differences can focus more on hard subjects without ignoring easier ones.
2. Efficiency: Time is limited. A structured plan tells you what to study, when, and for how long, saving time.
3. Accountability: Setting goals and deadlines keeps you responsible and helps avoid procrastination.
4. Flexibility: Life can be unpredictable. A good plan can adapt to changes without messing up your study routine.
5. Stress Reduction: Knowing you have a plan covering all topics reduces anxiety and boosts confidence as the exam nears.

For example, if you are good at quantitative methods but struggle with financial reporting, your plan might spend two weeks on the former and four weeks on the latter, with regular reviews.

A tailored study plan is not just a schedule—it’s a strategic tool that can make the difference between passing and failing. It guides you through the challenging CFA curriculum, making sure every step brings you closer to becoming a CFA charterholder.

Also Read – Breaking Down CFA Pass Rates by Levels and Years

Resources Available through IMS ProSchool

• Introductory 0 Module: Get a solid foundation in finance if you’re new or unsure about pursuing the CFA.
• Customized Study Plans: Receive a tailored 6-month study plan with an extra 3 months for revision.
• Practice Material: Access 5 mock exams, over 2000 practice questions, LMS, and video lectures, etc.
• Additional Resources: Use a comprehensive library and receive 24/7 doubt-solving support from faculty.

IMS Proschool stands out as the premier choice for CFA exam preparation due to its commitment to excellence and comprehensive support. Here’s what sets us apart:

• Experienced Faculty: Learn from industry experts with over 30 years of combined experience. Our faculty members bring real-world insights and practical knowledge to every class.
• Support Beyond the Classroom: Enjoy 24/7 doubt-solving support and a vast library of resources to help you through every stage of your preparation.
• Direct Pathway to Employment: Successfully complete Level 1 and receive guidance in securing job opportunities, with placement assistance available right after certification.
• Flexible Learning Options: With 15+ centers across India and online classes, you can choose the mode that best fits your schedule and location.

FAQs

Q1: Can I register for a CFA exam without completing my bachelor’s degree?

A: Yes, you can register for the CFA Level 1 exam if you are in the 2nd last year of your undergraduation. For Levels 2 and 3, you must have completed your undergraduate degree before the exam date.

Q2: What happens if I miss the early registration deadline?

A: If you miss the early registration deadline, you will need to pay the standard registration fee, which is higher. It’s beneficial to register early to take advantage of the lower fee.

Q3: Is there a difference in registration fees between different exam levels?

A: Yes, there is a difference in registration fees between different levels. For example, in 2024, the early registration fee for Level 1 is $940, while for Level 3 it is $940. The standard registration fee for Level 1 is $1,250, and for Level 3, it is $1,250. The fee is expected to change from 2025.

Q4: How soon should I schedule my CFA exam after registration?

A: It is advisable to schedule your CFA exam as soon as you complete your registration to ensure you get your preferred exam date and location. Deadlines for scheduling vary depending on the exam window.

Q5: Can I get a refund if I decide not to take the exam after registering?

A: Generally, CFA exam fees are non-refundable. However, you may be able to reschedule your exam for a fee. It is best to check the CFA Institute’s policies for specific details on rescheduling and refunds.