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Overall, less than 11% of all candidates pass all three levels of the exam and earn their charter. So, in short, yes, the exam is brutally hard. This low overall passage rate can be partially attributable to the time commitment required to make it through all three levels.

CFA Program is a three-part exam. Passing the exam for all three levels, along with the applicable practical skills modules, is a requirement to obtain the CFA charter. Complete work experience requirements before, during, or after participation in CFA Program.

If you are an active charterholder in good standing: Include your designation after your name. (For example: ?Jane Doe, CFA?) Include your charterholder status in the certifications or education section of your resume as ?CFA® charterholder, CFA Institute.? You may also include the date your charter was issued.

CFA Marks can only be used by charterholders who are dues paying members of CFA Institute not subject to certain Professional Conduct violations and whose rights to use the CFA designation have not been suspended or revoked. Use of the CFA Marks signifies that you have earned the prestigious CFA charter.

With a pass rate of less than 11% for all three levels, the CFA passage rate is lower than most state bar exams. Virtually everyone who has taken all three exam levels will tell you it is one of the most time intensive and difficult exams they have ever taken.

You'll pay multiple fees to take the CFA exam. The one-time enrollment fee is $350. The standard registration fee for each level of the exam is $1,200.

Confirm Your Address to Receive Your Charter After we receive your confirmation, we will process the order for your charter certificate. You can expect to receive your charter in six to eight weeks. Remember, we will not send your charter until you have confirmed the address is correct.