CFA Institute in March 2019 announced its decision to transition the Level I CFA® Program exams to computer-based testing (CBT). It is on this note that CFA Society Nigeria on Monday 10 February 2020 hosted a session to discuss in detail how the CFA exam will be modernized and how it will enhance the overall candidate experience.
The session was anchored by CFA Institute Exam Risk Assessment Director Aimee Hobby Rhodes and we are excited to share details of how the CFA exam will be modernized with you.
The computer-based exams will offer greater flexibility, faster results, and an exam that reflects today’s digital workplace, will protect the competitiveness, sustainability, and value of the charter for the long term.
Going forward, the Level I exam will be offered four times in a year (February, May, August, and November) with a 7-day window in each of these months for candidates to test.
The first computer-based exam will be offered in February 2021 and the total number of questions will be reduced to 180 with a proportional reduction in exam length.
CBT is an improvement that builds on what is already working – a rigorous exam environment that tests the largest breadth of knowledge industrywide – while modernizing how the exam is administered to protect the competitiveness, sustainability, and value of the charter for the long term.
For more information on this Future of Exam Delivery (FED) Initiative, you can access Aimee’s presentation HERE and the CBT Transition FAQs HERE.
Facts to Consider: Level I CFA Exam Transition to Computer-Based Testing Webinar (for candidates deciding which option for the CFA exam is right for them).