The Chartered Financial Analyst (CFA) exam is an extremely difficult test, and it’s coming up quickly. That’s why it’s important to start scheduling for it early so you don’t end up missing out on key deadlines. Luckily for you, I’ve included all of the important dates related to 2020 CFA exam dates below.
This exam is given twice a year by the CFA Institute in June and December, and each level comes with separate deadlines. Read on to find out about each one!
2020 CFA Exam Registration
The first key date for the CFA exam is when registration opens. Registration for each exam tends to open a little under a year before the test— and this year is no exception. June exam registration opened August 8th, 2019 and the December registration opened February 5th, 2020.
Be aware that just because you’ve missed the opening, you’re still able to sign up for the test. Although we just passed the final deadline to sign up for the June exam — March 11th — there’s still plenty of time until the final deadline for the December exam, which is September 9th. That’s just enough time to prepare with a CFA exam review course!
Bear in mind that signing up for the exam costs different prices based on when you register. Early registration costs $700, but the late registration fee is $1450: more than twice the cost.
Ultimately, the standard registration fee costs $1000 and is probably the one you’ll want to shoot for. That’s because the early registration deadline for December is on March 25th and the June one has already passed.
CFA Exam Admission
Admission tickets to the CFA exam will be made available on your CFA account about a month before the exam itself. These tickets are the only thing that will allow you access to the test, so make sure all of the information is correct as soon as possible. Additionally, tickets must be printed out ahead of time— so don’t waste time and get this done as soon as possible.
When do 2020 CFA exam tickets become available?
- For the June CFA exam, tickets become available in May.
- For December, CFA tickets become available in November.
There’s no specific announced date for these, so keep your eyes open when each month rolls around. Seriously, you don’t want to procrastinate when it can lead to you missing the exam you already paid for!
Change of Date/Conditions
There are a few different deadlines for CFA exam test date substitution that depend on the reason for doing so. Each potential reason will get you a different date, so it’s important to make sure you have the right one in the event that you need to switch.
The first way to switch your exam day is if it falls on a date with religious significance. For this, simply submit a religious alternate exam date request before the deadline of March 16th for June or September 21st for December. Doing so will allow you to easily find a new test date for the CFA exam.
The second way to change your test conditions is by submitting a disability accommodations request. Doing so requires you to submit documentation for your disability and fill out some forms on the CFA website. Afterwards, you’ll be given the necessary accommodations for the exam. The deadlines for this are the same as the last option: March 16th and September 21st.
Finally, the last way to switch your test conditions is by switching which test center you’ll be taking it. Test centers can be changed by picking the Change Test Area option under the CFA Program tile on your CFA account. However, be aware that test centers have limited seating; hence, you’ll want to make this request as soon as possible. The June exam deadline for this change is June 2nd. Currently the December exam deadline has not been announced, but will likely be in late November or early December.
2020 CFA Exam Dates
These are easily the most important dates you need to know. Check them out below:
As we mentioned before, the CFA exam is issued twice a year in June and December. The June exam is the only exam where all three levels of the CFA exam are issued; the December exam only covers Level I candidates.
The first exam date for the CFA exam in 2020 is June 6th. All three levels of candidates take the exam on the same day. If you need to change your test date for religious reasons, you’ll take the exam on June 7th. There are no other days to take the test, so make sure that your calendar is clear for this or you’ll need to wait another year.
The December exam follows a very similar structure to the June one.
Only CFA Level 1 candidates can take the December test, which is issued on December 5th. Similarly to the June exam, the alternate religious date is the next day on December 6th. Also just like the other date, this is your only chance to take the December test.
Bear in mind that the CFA exam is an extremely long test. Do not make any other plans for the day, as you’ll be at the test center from 8:00AM to 5:00PM. The test is split into two 3-hour sessions with a 1-hour break in between, so you’ll also want to prepare for lunch ahead of time.
2020 CFA Exam Results
After completing the exam, you’ll receive your test results a few months later. Level I and Level II test results are released after about 60 days after your test date, and Level III results are released around 90 days after. That means results will first start to come in around July 28th, 2020 and January 26th, 2021. Don’t panic if you don’t immediately receive them on those dates as it may take a little longer.
Now you know everything you need to start building a schedule for your CFA exam. Make sure to sign up and submit all forms as early as possible so you can save time and money while prepping for the exam. If you do this, you’ll find yourself working on a far easier and less stressful schedule!