5 years, 2 months ago

CFA exams will soon be digital, have fewer questions and a new schedule

An era of aspiring chartered financial analysts hunched over endless rows of desks, a pencil in hand, is slowly nearing the end. “Our new digital-testing capabilities will better reflect the workplace practices of today, while allowing us to modernize the exam and increase access to more candidates,” Margaret Franklin, chief executive officer of the CFA Institute, said in a statement. Under the new system, test-takers will visit one of the institute’s centers during a window of up to a week that will open four times a year -- February, May, August and November. “It covers identical topics in the same depth and breadth,” said Lisa Plaxco, head of the institute’s CFA program. “We are maintaining the same rigor and the same passing standards.” For well over a decade, the entry level of the exam has occurred on a single date twice a year, drawing thousands of Wall Street workers into testing halls around the world.

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