cfa-exam-fees-and-costsCFA® Exam fees can be very expensive, partly because it’s actually made up of three separate exams that are very comprehensive. Most candidates think about the registration fees and the costs of actually taking the CFA® exam, but they don’t consider all of the additional expenses that go with it.

Becoming a Chartered Financial Analyst is a huge investment in your career that will help you earn higher salaries, better opportunities, and more respect than you would have had without it. That’s why it’s worth paying for it. In the article, we will delve into the costs associated with enrolling in the CFA® exam, ongoing CFA® membership fees, 并与相关的额外费用 CFA® exam and membership.

Let’s check out how much becoming a CFA® costs!

How Much Does it Cost to Take the CFA® Exam?

CFA® Study Material Costs

Before we get into all of the different CFA® exam fees, 我觉得谈论这一点很重要 CFA® exam prep courses. 这个, 在我脑海里, 是一个重要的成本. 如果你没有得到一个很好的复习课程, you will most likely fail at least one part. 我们没有理由来冒这个风险.

想想看,这样. If you fail one CFA® level, 你将有近一年的等待取回来. 你将不得不花费另一 200-300 小时它研究. 加, 你将不得不支付另一 $650-$930 registration fee to sit for the part again.

The time involved in this process alone isn’t worth it, let alone the money of retaking the test. I wouldn’t chance it. Get a review course that fits your learning style and don’t look back. Most of them are really affordable. Here’s a list of different courses you can choose from and compare their features.

CFA® Program Enrollment Fees

The first fee you will pay is the Program Enrollment Fee. This is a one-time fee to enter the series of CFA® exams. The fee is $450 and is paid when you register for your first Level I exam. You can consider this your application fee since you have to pay this in order to apply for the CFA® exam.

CFA® Exam Registration Fees

You will pay registration fees are every exam you take. In addition to the exam, the fee mainly covers the eBook which has the complete curriculum, topic area practice tests and mock exams. As you can see below, the price of the exam varies greatly depending on when you register. In order to save money, make sure you register your exam date early for all three exams. Avoid late registration at all costs!

CFA® Exam RegistrationCFA® Exam Fees and CostsSign up Deadline
Early Registration$6508 – 9 months before exam
Standard Registration$9303 –4 months before exam
Late Registration$1,380< 3 months before exam

CFA® Institute Member Fees

Once a you pass all three exams and your application is approved, you must pay annual dues. Regular dues are $275 每年, which runs from July 1 through June 30. Some of the benefits you receive as a CFA® Member include exclusive career resources and continuing education, access to select publications and discounts on CFA® Institute Conferences. This fee must be paid annually to be considered a CFA® Member.

3 Hidden CFA® Exam Fees You Didn’t Expect

In addition to the fees mentioned above, there are some hidden and/or ancillary fees associated with the CFA® exam to be aware of. 其中的一些费用包括:


如果不通过任何考试, 你将不得不再次付出重新参加考试. 这些量可以迅速增加,特别是如果你失败了不止一次.


The CFA® exam is offered in only 170 城市在六月和 70 城市在12月世界各地. 大部分的考试地点都在主要城市位置. 如果你足够幸运,住的测试中心之一, 然后差旅费将是最小的. 然而, 如果您需要前往参加考试, 你可能需要考虑油耗, plane tickets and/or hotel rooms.


Many candidates use study resources other than those provided by CFA® Institute to help prepare for the exam. 例如, the Kaplan Schweser CFA® Exam study packages range from $379 对于自学笔记来 $2,099 在人的类和研究评论.

有最初购买课程标准成本. 如果考试不及格或通过到期日在你的复习课程, 你将不得不支付额外的费用,以续订. 这实在是愚蠢的,因为你已经为它支付一次. That’s why I would recommend a study guide like Wiley CFA® that doesn’t have an expiration date. 因为你需要它来通过考试,您可以使用它,只要. 🙂

Total Costs to Become a CFA®

总共, the cost to become a CFA® Member can be significant and vary greatly depending on additional ancillary fees. 在最低限度, 会员会花 $2,650, 假设支付早期注册费和年费1年.

CFA® Exam Fees CFA® Exam Costs
CFA® Program Enrollment Fees$450
CFA® Level I Registration (Standard) $930
CFA® Level II Registration (Standard) $930
CFA® Level IIII Registration (Standard) $930
CFA® Annual Membership Fee$250

在另一个, 可以说是更真实的场景, 会员可以为此付出过 $4,800 for the total cost of the CFA® exam and membership. This is assuming you are paying standard registration fees, one exam re-take fees, some travel fees and purchasing Schweser notes (minimum package) for all three tests.

CFA® Exam Fees CFA® Exam Costs
CFA® Program Enrollment Fees$450
CFA® Level I Registration (Standard) $930
CFA® Level II Registration (Standard) $930
CFA® Level IIII Registration (Standard) $930
CFA® Exam Re-take Fee$930
Tavel Fees$300
CFA® Study Material Costs~$1,137
CFA® Annual Membership Fee$250

While the CFA® exam is not cheap, the largest chunk of the cost comes from registration. Make sure you register early for all exams to save a significant amount of money.

Is a CFA® Certification Worth It?

Without a doubt, becoming a CFA® will open the door for many different career opportunities that you couldn’t even dream of without it. Not only will you be able to fulfill new roles in companies; you will also be able to broaden your career options into fields you wouldn’t have access to without it.

不言而喻,随着你的职责更多的责任和重要性, 你会得到支付方式更多. 这是从你的级别一个漫长的旅程 1 以你的水平 3, 但它是值得的.


CFA® Institute does not endorse, promote or warrant the accuracy or quality of CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA® Institute.

肯尼斯·W ^. 博伊德

肯尼斯·W ^. Boyd is a former Certified Public Accountant (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'.

Ken has gained a wealth of business experience through his previous employment as a CPA, 审计, 报税和学院教授. 今天, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.