Posted By: Kaplan Schweser
Updated: May 5, 2020
If you’re planning to sit for the CFA® exam, one of the first questions you need the answer to is “When is it going to be offered?” This article has information about the changes to the exam schedule related to the novel coronavirus and big news about changes for Level I of the exam in 2021.
Normally, Level I of the CFA exam is offered twice a year in June and December. Levels II and III are offered once a year in June only. However, because of the novel coronavirus, CFA Institute announced that they will be postponing the June 2020 exam and working with the 245,000 registered candidates to move them to later sittings.
Candidates registered for the June exams will be transferred to one of the next two exam administrations. The soonest opportunity will be December 5, 2020 for Level I. For Levels II and III, the Americas and EMEA date is also December 5, 2020; however, the date is December 6, 2020 for APAC candidates.
Level I candidates who registered for the June 2020 exam and prefer to take it in 2021 have the option of registering for the February 2021 exam. The exam window is February 23, 2021 to March 1, 2021. Level II and III candidates who prefer to wait until June 2021 will have the option to choose to sit for the exam on June 5, 2021.
“We cannot overstate the profound effects that coronavirus is having on families, communities, businesses, the financial markets, and the global economy,” said Margaret Franklin, CFA, President and CEO of CFA Institute, in a statement for the press. “As the pandemic continues to intensify, with no certainty of when it will abate, we have made this decision with a heavy heart while knowing that it is in the best interest of all of our stakeholders.”
CFA Institute has announced big changes for the Level I CFA exam day in 2021. Instead of being offered twice a year, it will be offered in four windows per year. The change in schedule and the exam window is to offer more flexibility in scheduling and sitting for the exam, which will be computer-based for the first time in its history. The announcement also indicated that the exam windows would occur in February, May, August, and November.
Exam preparation packages go a long way toward making sure you’re ready on the big day. If you have already purchased packages for the June 2020 exam, your online materials will be extended until your new exam date. This Kaplan Schweser FAQ has more information about our response to the postponement.
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