Chartered Financial Analyst Programme

Form Date: 08 Aug - 20 Oct 2020

Pen & Paper Mode

Form Date: 08 Aug - 20 Oct 2020

CFA Basic Information

  • Application Fee:₹ 32,119
  • Examination Modes:Pen & Paper Mode
  • Exam Conducting Body:CFA Institute (CFAI)

CFA 2020(June Dates Postponed): Application Form, Eligibility

Updated On - September 04 2020 by Akriti Maurya

CFA 2020 exam dates have been postponed due to COVID-19 Pandemic. From year 2021 CFA will be held in online mode.Chartered Financial Analyst Programme entrance exam for the CFA program is conducted twice in a year at the universal level. The CFA program is a self-study program divided into three levels (Level I, II, and III). The CFA institutes reschedule Level 1 exam to December 2020 and Februray 2021. On qualifying, this exam candidate will step towards becoming a CFA charter holder. The CFA exam 2020 will be conducted in the English language only. The candidates can go through the full article below to know more about the CFA Exam 2020 Details like Date, Application Form, Eligibility Criteria, etc.

Latest Updates for CFA 2020

  • The deadline for postponed June 2020 candidates who have not re-registered, and candidates who want to move out of the December 2020 exam, to register for any 2021 exam is 20 October 2020.
  • CFA 2020 Online Registration has been started from 20 August 2020 for all 2021 exams.

What are the changes to the format and frequency of the CFA 2021?

  • Along with Level I, the Level II and Level III CFA exams will shift from paper-based to computer-based. 
  • The Level I computer-based exam will be offered four times per year. The Level II and Level III computer-based exam will be offered two times per year.

What are my options if I was postponed from CFA June 2020 exam?

  • All candidates who have registered for what is now the final paper-based exam in December 2020 may stay with this option or switch to any of the available 2021 administrations by level.
  • Candidates who have registered for the June 2021 paper-based exam may revert to the December 2020 paper-based exam or select any of the available 2021 computer-based options.
  • If the dates were postponed from June 2020 and the exam the candidate subsequently registered for is postponed as well, then they will have the option to defer again or to request a refund for the registration fee paid for the June 2020 exam.

CFA 2020 Application Form

The CFA 2020 application form details can be checked on the official website of the conducting body. The candidates can also check the details about CFA registration below:

For Februray 2020 (level I)
 The last to submit the form & application fee (without late fee) is tentatively 03 November 2020
For June 2020 (levels I, II, & III)
CFA June 2020 registration application form is released on 08 August 2020 &  02 October 2020 is the early registration fee deadline. The steps to be followed to fill the form:
  • The applicants will have to register themselves on the official website "".
  • To register the candidates will have to give the details like name, email id, password, etc.
  • A link will be sent to the mailbox. Click on the link & verify the details.
  • After verification, log in with the registration details. The application form will be displayed.
  • Fill the form with the details required like personal details, academic details, etc.
  • Upload the scanned images of photographs, signature & mandatory documents.
  • The applicants will have to select the preferred city for the exam.
  • Submit the fee by using the Credit Card/Debit Card.
  • The applicants are advised to take the printouts of the filled form for future use.

CFA 2020 Application Fee

The CFA 2020 registration fee can be paid in the following ways on the official website.

  • Online mode: The aspirants can check the details belwo for the online fee payment.
    • By Credit/Debit card: American Express, Diner’s Club, Discover, JCB, MasterCard, UnionPay, or Visa
  • Offline mode: -Below mentioned details are for offline payment.
    • By Wire transfer, ACH (Automated Clearing Houscheck), money order, or postal order.
  • one-time program enrollment fee is required when a candidate will register for the first Level I CFA Program exam.  CFA 2020 enrollment fee is USD 450.

After enrolling, the candidates can apply for the application process. The registration fee for CFA December 2020 & June 2020 exams is mentioned below:

For June 2020 (Levels I, II & III)

The application fee details for CFA June 2020 for all the levels are given in the table.

CFA Registration Fee (Levels I, II & III)
Type of Application fee
Amount (USD)
Last Date (tentatively)
Early registration fee

USD 700

02 October 2020
Standard registration fee

USD 1,000

12 February 2020
Late registration fee

USD 1,450

11 March 2020
Note- The registration deadline ends at 11:59 pm ET.
For December 2020 (Level I)

The details regarding CFA level I fees December 2020 are:

CFA Registration Fee 2020 (Level I)
Type of Application fee
Amount (USD)Last Date

Early registration fee

USD 650

25 March 2020

Standard registration fee

USD 950

19 August 2020

Late registration fee

USD 1,380

09 September 2020

check CFA 2020 dates here

CFA 2020 Eligibility Criteria

The candidates can check the CFA 2020 eligibility on the official website. Listed below are the CFA Level 1 eligibility criteria:

  • Academic eligibility criteria
    • The applicants must have a Bachelor's degree or equivalent program.


    • To apply in the level II exam the applicants must have completed the Bachelor's degree or equivalent.


    • Those who have four years of work experience and/or higher education are also eligible.
  • General eligibility criteria
    • The job experience related to investment is not the necessary CFA entrance.
    • The applicants must have a valid international travel passport to register and sit for the exam.
    • The candidates must complete a Professional Conduct Statement form to attest that they comply with this requirement.
Note - Before applying for the exam, the applicants must make sure that their Country is not excluded from the list.

CFA 2020 Admit Card

The admit card for CFA 2020 can be downloaded from the official website of the CFA Institute. The admit card/hall ticket details are listed below:
  • The applicants will have to visit the official site & click on " Login".
  • Login with the details like email id & password (generated during registration).
  • Now the candidates can download the admit card.
  • Take the printout of the hall ticket & keep it safe for future use.
  • The admit card/hall ticket/exam admission ticket will have the details like the Candidate's name, exam centre name, roll number, etc.
Note- The candidates must have an International Travel Passport along with the admit card in the exam hall for verification purposes.

CFA 2020 Exam Pattern

The CFA 2020 exam pattern can be checked on the official website. The exam pattern for each level is different. The applicants can check below for the details:

For Level I (June 2020 & December 2020)

The level I entrance exam is conducted twice in a year (June & December). The candidates can check the below table:

CFA Paper Pattern for Level I
Type of questionsMultiple Choice Questions (MCQ)
Number of questions240 questions
Marking scheme3 marks to each
SessionsTwo (Morning & Afternoon)

Session wise details of CFA 2020 exam are shown in the table. The candidates have to appear in both sessions. 

Number of QuestionsDuration of Exam

Morning Session

120 questions180 minutes (3 hours)
Afternoon Session120 questions

180 minutes (3 hours)

For Level II (June 2020)

The candidates can check the level II exam pattern on the official website of CFA institute. The Level II exam has a total of 21 item set questions.
CFA Question Pattern for Level II
Type of questionsMultiple Choice Questions
Number of questions120 questions 
Marking scheme3 marks each
Sessions Two sessions (Morning & Afternoon)

The candidates are advised to check the level II exam pattern for CFA entrance below in the table:

Number of QuestionsDuration of Exam

Morning Session

10 items set questions180 minutes (3 hours)
Afternoon Session11 item set questions

180 minutes (3 hours)

On the Level II exam, the candidates will have a total of 120 items (18 vignettes with 6 items each and 3 vignettes with 4 items each, for a total of 21 vignettes).

For Level III (June 2020)

The Level III exam consists of an item set and constructed response (essay) and item set questions. This level is conducted only in June. Session wise details are discussed below:

Number of QuestionsDuration of Exam

Morning Session

12 item set questions180 minutes (3 hours)
Afternoon Session11 item set questions

180 minutes (3 hours)

The level III (morning session) is 180 points.

CFA 2020 Syllabus

The applying candidates can check the syllabus for CFA 2020 on the website of the conducting body. The level-wise syllabus & exam weightage is listed below:

CFA Level I Syllabus ( December 2020 & June 2010)

The topics are discussed below with the exam weightage:

TopicExam Weight
Ethical and Professional Standards15%
Financial Reporting and Analysis15%
Quantitative Methods10%
Corporate Finance10%
Equity Investments11%
Fixed Income11%
Alternative Investments6%
Portfolio Management6%

Before applying for the exam candidates are advised to go through the curriculum thoroughly.

CFA Level II Syllabus (June 2020)

The level II syllabus is discussed below in the table:

TopicExam Weight
Ethical and Professional Standards10-15%
Financial Reporting and Analysis10-15%
Quantitative Methods5-10%
Corporate Finance5-10%
Equity Valuation10-15%
Fixed Income10-15%
Alternative Investments5-10%
Portfolio Management5-15%

CFA Level III Syllabus ( June 2020)

The topics with their marks weightage are discussed below in the table:

TopicExam Weight
Ethical and Professional Standards10-15%
Equity Investments10-15%
Fixed Income15-20%
Alternative Investments5-10%
Portfolio Management35-40%

CFA 2020 Result

The result for the Chartered Financial Analyst Programme entrance (CFA) for each level will be declared in on the following dates:

  • The Level I & Level II exam results will be available within 60 days from the date of the exam.
  • The Level III exam result will be declared within 90 days from the exam date.
  • Applying candidates for the CFA Program exam will be provided with a "pass" or "did not pass" exam result & detailed information on their performance. 
  • If an applicant is not satisfied with the result, they may request for rechecking.
  • There is a minimum passing score for each level set by the CFA Institute Board of Governors. 
Note- Exam results are available online for approximately one year after the exam date. After this date, candidates may request an official letter confirming their "pass" or "did not pass" exam result, but their topic area performance summary will no longer be available.

Candidates are required to select CFA exam centres location while registering for the exam. Candidates can also request a change in CFA exam centre after completion of the registration process. The exam centres are allotted to candidates as per their preferences and availability of seats. The details of the exam centre are mentioned on the CFA admit card.

CFA Exam Centres

Chartered Financial Analyst Exam will held at following exam centre which varies according to the session of exam:

For June Session
New DelhiMumbai
For December Session






New Delhi

CFA 2020 Highlights

The highlights for CFA 2020 Entrance Exam are as follows:

Examination Name
Chartered Financial Analyst Programme
CFA 2020
Conducted By
CFA Institute Board of Governors
Courses Offered
CFA charter holder
Examination Type
International level
Official Website
Exam Levels
Two levels- June (Levels I, II&III) & December (level I)

About CFA Institute Board of Governors

The CFA Institute was formed in the year 1947 by four financial analyst societies Boston, Chicago, New York, and Philadelphia for the purpose of promoting the exchange of ideas and supporting the welfare of their profession. CFA Institute is a global association of investment professionals. In 2004 its name changed to CFA Institute since then almost 2,00,000 CFA Charters have been awarded. CFA Institute has more than 164,000 members in 164 markets and 156 local member societies.


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CFA Important Dates

Form Date08 Aug - 20 Oct 2020
Exam Date05 Dec, 06 Dec 2020

Chartered Financial Analyst Programme Exam Pattern

Paper 1
Exam Duration:


Total Marks:


Question Paper Type :


Negative Marking:


Frequently Asked Questions


Form Start Date:

08 Aug 2019

Form End Date:

20 Oct 2020

Number of days left to submit the form:



Examination Date (Online):

05 Dec 2020, 06 Dec 2020

Application Fees:

₹ 32,119

Admissions open for

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01 Jan 2020-17 Sep 2020