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Changes to the CFA Level 2 and 3 exam sitting in 2021

On 4th August, CFA Institute announced changes which will impact Level 2 and 3 candidates in 2021. We wanted to share the latest information with you.

What changes are being made?

  • The Level 2 and Level 3 CFA exams will move from paper-based testing to computer-based testing starting in 2021.
  • The Level 2 and Level 3 exam will be offered two times per year.
    • Level 2 sittings will now be twice a year in May and August
    • Level 3 sittings will be twice a year in May and November

Level 1 continues as planned with exams in February, May, August and November.

We’ve created a video to help you to understand the changes and what it means to you. If you have any questions, you can drop us an email at

The end of the exam hall as you know it

- Jonathan Bone, Course Director, Kaplan CFA Program