Frequently asked questions

How long does it take to become a CFA Charterholder?

Complete all three CFA levels in approximately 3–4 years, with a recommended 300 study hours per level. To earn the CFA charter, you'll also need 4,000 hours of relevant work experience over at least 36 months, which can be completed while you study.

How much does it cost to become a CFA Charterholder?

Estimated Cost: Completing all three CFA levels typically costs USD 3,520–4,600 in exam fees, depending on your registration window (Early or Standard). Applicable for the 2026 exam cycle.

Are scholarships offered by CFA Institute?

Yes CFA Institute does offer three different scholarships viz. Access, Student and Professor Scholarship

What are the CFA Pass rates?

Recent pass rates average 39–46% for Level I, 42–44% for Level II, and around 50% for Level III.

What are Practical Skills Modules (PSMs)?

Practical Skills Modules (PSMs) are self-paced, online learning modules introduced by the CFA Institute to help candidates develop job-ready skills alongside the CFA curriculum. Topics include financial modeling, Python programming, analyst skills, and other practical applications relevant to the investment profession. Candidates are required to complete the designated PSM before receiving their exam result for the applicable CFA level.

What is Minimum Passing Score (MPS?)

The Minimum Passing Score (MPS) is the score required to pass a CFA exam. It is determined by the CFA Institute and is adjusted when necessary to ensure fairness and maintain consistent standards across different exam administrations..

When are the CFA exam results announced?

Within 5-9 weeks after the close of your exam window, you will receive an email from CFA Institute about your official results