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

[Bulls n Bears]

 <http://www.nicozdiamond.co.zw/> 

NEW YORK : An era of aspiring chartered financial analysts hunched over
endless rows of desks, a pencil in hand, is slowly nearing the end. This
week, the CFA will open registration for its Level I exam in December -- the
final time that that test will be given on paper. Starting in 2021, it will
be administered electronically four times a year, with 25% fewer questions.
The soft sounds of scratching from an army of pencils will be replaced by
taps.

 

"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.

 

The changes affect only the exam's first level, which draws the largest
crowd and typically winnows the applicant pool for the two stages that
follow.

 

 
<https://www.fbc.co.zw/about-us/updates/step-new-world-endless-convenience-m
odernised-fbc-mobile-banking-platform> 

 

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. Only 180 questions will be presented,
down from 240 previously. The changes mean results will arrive faster.

"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. Many applicants are hoping the designation will
offer them better jobs, higher salaries and a deeper understanding of their
industry.

Last year, only 41% of the of the more-than 157,000 people who sat for the
first level passed. The institute administered its December test in 134 test
centers in 87 cities around the world, with 59% of candidates coming from
the Asia Pacific region.--
https://www.livemint.com/education/news/cfa-exam-will-soon-be-digital-have-f
ewer-questions-and-new-schedule-11580794460880.html

 

 

 

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