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CFA Exam Updates and Computer-Based Exam Information

16 October 2020

CFA Exam Updates

The COVID-19 pandemic has caused a great deal of continuing uncertainty, and with that uncertainty has come numerous challenges for our candidates and our exam administrators. CFA Institute has been working diligently to turn these challenges into positive opportunities. CFA Institute plans to modernize the exam and make it more convenient and accessible for candidates around the globe have been accelerated in the face of new concerns about health and safety. Please visit the December CFA Exam Updates page to stay up-to-date.

CFA INSTITUTE HAS DETERMINED THAT IT WILL NOT ADMINISTER EXAMS IN CERTAIN LOCATIONS. FOR A LIST OF THESE LOCATIONS, VISIT CFA INSTITUTE TEST CENTER UPDATES PAGE.

 

Important Dates

  • 20 October 2020, 11:59pm ET: 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
  • Saturday, 5 December: December 2020 exam, EMEA and AMER all levels; APAC Level I
  • Sunday, 6 December: December 2020 exam, APAC Level II and Level III

*Candidates approved to sit on the Religious Alternate Date will be communicated to separately with their exam dates.

CFA exams will transition to Computer-based Testing (CBT) in 2021 for all levels.

Computer-Based Exam Information

CFA Institute is transitioning all CFA exams to computer-based testing. The December 2020 exam is the last paper-based exam; exams in 2021 will be computer-based for all levels.

Each exam will be offered in scheduling windows of up to ten days, depending on location. Exams in 2021 will be offered:

  • For Level I in February, May, August, and November 
  • For Level II in May and August 
  • For Level III in May and November*

Exam administrations in 2022 will set the standard CFA exam cadence, and will be offered:

  • For Level I in February, May, August, and November 
  • For Level II in February and August 
  • For Level III in May and November 

*Note that the Level III exam window in November 2021 was set as a global schedule. It does span the U.S. Thanksgiving holiday. When you schedule your exam, you will be shown the days that are being offered in your area that week.

Visit the Computer-based Exam Information page on CFA Institute website for details.

For any further help you may need, please write to info@cfainstitute.org.