CFA® Program

The CFA® Program is one of the most popular programs in the investment management industry and provides the foundation for a fulfilling and enriching career in Finance. Here are a few details that will enable you to understand the intricacies of the exam and help you to make an informed decision and pace your learning accordingly.

Industry Suitability

Mergers and
Financial and
Managerial Accounting

According to a study conducted by Mercer for the CFA® Institute in 2019, there were 1.05 million core investment professionals worldwide at the end of 2018. The five biggest markets in terms of headcount were the US (284,000), China (139,000), the UK (50,000), India (47,000) and Japan (46,000). In the next decade, India is expected to register the highest growth in the number of core investment professionals (33%). With this growth rate, India is expected to become the world’s investment hub in the coming decades, driven primarily by increasing demand for financial services.

The CFA®️ Program prepares you to succeed in a dynamic environment with a high degree of practical knowledge in the investment management domain. The program is divided into three levels. While the Level I of the CFA® Program is focused on conceptual knowledge and comprehension of investment management tools, the Level II tests you on analysis of situations and practical application of investment-related concepts. The Level III of the CFA® Program prepares you for synthesizing information and applying solutions in real-world situations, with a heavy focus on portfolio management and wealth planning.


You are eligible to enrol for the exam if you meet any one of the below-mentioned conditions:

Completed a bachelor’s degree or an equivalent program and have received a degree from the college or the university


Are in the final year of your bachelor’s degree or an equivalent program on the date of enrolment; in this case, you must obtain your degree before registering for the Level II exam


Have at least four years of full-time work experience and/or college/university education before enrolling for the Level I exam, with no overlap between the duration of work experience and education

In addition to the above, you must hold a valid international travel passport on the date of the exam.

Enrolment Fee



(to be paid while registering for the Level I exam for the first time)

Exam Registration Fee

Early registration window


Standard registration window


Exam Structure

The CFA® exams have traditionally been paper-based exams, where the answers are marked on optical mark recognition (OMR) sheets and handwritten on the booklet (for the Essay portion of the Level III exam).

Starting 2021, all levels of the CFA® exam have moved to a computer-based testing (CBT) system. The frequency of holding the exams has been doubled – the Level I exams will be conducted four times a year (from twice a year earlier) and the Level II and the Level III exams will be conducted twice a year (from once a year earlier).

Pass Rates

Level I Exam


Level II Exam


Level III Exam


Exam Schedule

Level I – February, May, August and November
Level II – February and August
Level III – May and November

With Tenth Decile by your side, you can expect to learn the nuances of the Level I and the Level II exams from the best trainers in the industry, who are CFA® charterholders and come with years of experience in the investment management industry.

Know more

Level I Level II