Moving CFA exams to computer based testing?
I just got an email from CFAI outlining a review of whether or not to move the CFA to a computer based test. They say it’s just for discussion, but this is an organization with a world-class ability to make money so of course it’s just a matter of time until all 3 levels will be computer based. Cheaper to administer and able to get more people to sign up.
I wondered what people thought? My initial reaction is that it should never be computer based - part of the CFA is the rite of passage of being physically present with the other candidates; the “we’re all in the same boat” feeling. Plus, my experience has been that invariably, once a ‘test’ is available online, it seems to cheapen and devalue the qualification. You only need look at the many ‘wonderful’ online inly universities out there. Basically I’m against any move to a computer based system. How much money does CFAI need to make? How would this possibly be a positive for the charter?
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