Level I CFA® Exam
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December 2020 Level I Exam
Exam Day: December 5, 2020
February 2021 Level I Exam
Exam Window: February 23 - March 1, 2021
Still deciding when to sit for the CFA exam?
With changes coming to the format of the CFA Level I exam, candidates are given the option to sit for the traditional paper-based exam, or the new computer-based testing format. We recommend registering for the December 2020 paper-based exam to keep you on the fastest path to taking the Level II exam or retaking the Level I exam with the same curriculum. But every candidate’s circumstances are unique, the facts below may help you decide the path that is right for you.
December 2020 Exam
- Exam day is December 5, 2020
- Paper-based test with 240 multiple choice questions
- Candidates who pass can sit for the June 2021 Level II exam
- Candidates who need to re-take the exam can sit in May 2021
February 2021 Exam
- Exam window is February 23 - March 1, 2021
- Computer-based test with 180 multiple choice questions
- Candidates who pass can sit for the June 2022 Level II exam
- Candidates who need to re-take the exam can sit in August 2021