CFA Exam Postponed, With No Tests Until at Least December

19 Mar    Investing News

(Bloomberg) — The CFA Institute postponed its June exam because of the coronavirus pandemic, with candidates who were planning to sit for the test delayed until at least December.

[ad_within_articleThose registered for the June chartered financial analyst exam will automatically be transferred to the next two test periods, and the institute is working with its partners globally to determine when that might be, according to a statement Thursday. December is the earliest opportunity for the exam to be re-administered.

“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,” Margaret Franklin, chief executive officer of the institute, said in the statement.

More than 245,000 people were registered for the June exam as part of the three-level program to earn a credential from the most challenging test in finance, hoping to improve their job prospects. The pandemic has prompted the cancellations of conferences, concerts, university classes, sporting events and other gatherings around the world.

The institute typically offers all three levels of the exam in June and just the first level in December. This will be the last year for paper-based Level I exams after the institute in February announced a switch to computer-based testing. The first level also will be offered four times a year starting in 2021.

Read more: CFA’s first exam is getting 25% shorter and more frequent

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