Can You Use A Calculator During Cfa

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Use this calculator to determine if your proposed calculator is allowed during the CFA exams, and understand the implications of using a non-approved calculator.

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Understanding the CFA Exam Calculator Policy

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The CFA Program has strict calculator policies to ensure exam fairness. Candidates are only allowed to use specific models of calculators to prevent unfair advantages from advanced computational features.

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Approved Calculators

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Candidates must use either the Texas Instruments BA II Plus (including the BA II Plus Professional) or the Hewlett Packard 12C (including the 12C Platinum). These calculators are approved because they:

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• Do not have built-in text storage or programming capabilities

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• Are not computer-like devices

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• Are simple enough to be used without causing delays

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Non-Approved Calculators

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Any calculator that does not meet the CFA Institute’s specifications is considered non-approved. This includes:

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• Programmable calculators

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• Calculators with text storage or retrieval capabilities

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• Desktop calculators

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• Any device that can function as a computer or smartphone

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Penalties for Using Non-Approved Calculators

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Using a non-approved calculator during the CFA exam can have severe consequences. Candidates found in violation of the calculator policy may face:

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Violation Type	Potential Penalty
First Offense – Non-Programmable Calculator	No penalty
First Offense – Programmable Calculator	Exam cancellation and/or score voiding
Second Offense (any calculator type)	Exam cancellation, score voiding, and ban from future exams

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Frequently Asked Questions

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Q: Can I use my smartphone as a calculator during the CFA exam?

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A: No, smartphones are strictly prohibited during the CFA exams. They are considered computer-like devices and cannot be used under any circumstances.

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Q: What should I do if I accidentally bring a non-approved calculator to the exam?

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A: You should immediately inform the proctor and ask to store the calculator away from your workstation. It is better to take the exam without a calculator than to risk having your exam disqualified.

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