The difference between CFA exams at all levels and becoming CFA holders is: 1. If you passed CFA exam level 1, but didn't sign up for CFA exam level 2, you can write: CFAlevelI (passed) 2. If you pass CFA exam level 1 and register for CFA exam level 2, you can write: CFA LeveliIcandiate 3. If you have passed CFA Level 2, however, if you have not registered for CFA Level 3, you can write: CFAlevelII (passed) 4) 4. If you have passed CFA exam level 2 and registered for CFA exam level 3, you can write: CFAlevelIIICANDIDIATE5. If you have passed the CFA exam level 3, which is not in line with your work experience, you can write: CFAlevelIII (passed) 6. If you have passed the third level of CFA exam and meet the requirements of CFA Association for work experience, you can receive a letter from CFA Association saying: YoumaynowBeginTheCFA Design, congratulations, you can write: XXX, CFA on your business card or resume.