CFA Important Dates, Fees & Scholarship Deadlines (2027)
Planning to sit for the CFA exam in 2027? This page summarizes the key registration deadlines, exam windows, registration fees, and Access Scholarship dates for the February and May 2027 CFA exams. This information is intended to help candidates plan their preparation and registration timeline more effectively.
CFA Program Registration Fees (2027)
Early Registration: USD 1,140
Standard Registration: USD 1,490
Note: CFA Institute no longer charges a one-time enrollment fee.
CFA February 2027 Exams
The February 2027 CFA exam window is available for Level I and Level III candidates. Registration opened on 5 May 2026. Candidates planning to sit for the February 2027 exam are encouraged to register as early as possible to benefit from lower registration fees and adequate preparation time. The standard registration deadline is 5 November 2026. The exam window will take place in February 2027.
Exam Levels Offered: Level I, Level III
Registration Opens: 5 May 2026
Standard Registration Deadline: 5 November 2026
Exam Window: February 2027
CFA May 2027 Exams
The May 2027 CFA exam window is available for Level I and Level II candidates. Registration is expected to open in August 2026. Candidates should monitor CFA Institute announcements for exact registration deadlines and scholarship opportunities. The exam window will take place in May 2027.
Exam Levels Offered: Level I, Level II
Registration Opens: August 2026
Exam Window: May 2027
CFA August 2027 Exams
The August 2027 CFA exam window is expected to be available for Level I, Level II, and Level III candidates. August is the only regular exam window in which all three levels are typically offered. Candidates should monitor CFA Institute announcements for the exact registration deadlines and scholarship opportunities.
Exam Levels Offered: Level I, Level II, Level III
Exam Window: August 2027
CFA November 2027 Exams
The November 2027 CFA exam window is available for Level I and Level II candidates. November is one of the regular testing windows for both levels and provides an additional opportunity for candidates who prefer a later exam date in the year.
Exam Levels Offered: Level I, Level II
Exam Window: November 2027
CFA Access Scholarship
The CFA Access Scholarship is designed to make the CFA Program more accessible to candidates who may not be able to afford the full registration fee. Eligible candidates who are awarded the scholarship receive a substantial reduction in their CFA Program registration cost.
Scholarship applications are reviewed by CFA Institute, and awards are granted based on eligibility criteria and available allocations. Candidates are encouraged to apply as early as possible and carefully review the requirements before submitting their application.
For the most up-to-date scholarship deadlines, eligibility requirements, and application procedures, candidates should refer to the official CFA Institute website.
CFA Access Scholarship Dates (2027 Exam Windows)
February 2027 CFA Exam (Level I & Level III)
Application Opens: 5 May 2026
Application Closes: 25 May 2026
Scholarship Decisions Released: 23 June 2026
May 2027 CFA Exam (Level I & Level II)
Application Opens: 12 August 2026
Application Closes: 1 September 2026
Scholarship Decisions Released: 30 September 2026
August 2027 CFA Exam (Level I, Level II & Level III)
Application Opens: 3 November 2026
Application Closes: 24 November 2026
Scholarship Decisions Released: 18 December 2026
November 2027 CFA Exam (Level I & Level II)
Application Opens: 9 February 2027
Application Closes: 2 March 2027
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