CFA Institute to Offer Level I CFA® Exam Four Times Per Year in a Computer-Based Format Beginning in 2021

CFA Institute recently announced it will move the Level I CFA® exam to a computer-based format in 2021 with four sittings a year, instead of the current two. Each quarter, in the second month (February, May, August, and November) there will be an exam window of no more than 7 days that candidates can test within. In addition, CFA Institute is reducing the number of questions from 240 to 180. These changes represent the most significant update to the exam framework that we’ve seen from CFA Institute in many years. (Note that there are no current plans to change the paper-based format of the Level II or Level III exams.)

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