[updated for May 2021 CFA exams]
Although the CFA Institute announces most of the relevant dates on the CFA exam calendar right at the start, a pretty significant date is usually missing until the last minute – the CFA exam results date.
So just like previous years, we’ve predicted the exam results dates for you in advance, for all of 2021.
That said, this year isn’t a normal year by any means, here’s our best estimate nevertheless.
When will my CFA exam results be released?
Knowing the CFA exam results date might be able to help candidates relax more post-exam, as you don’t have to bring your mind back to the CFA exam results as often.
For computer-based (CBT) exams, CFA Institute previously stated that “the results are expected to be available approximately 6–7 weeks after the close of an exam window.” This was accurate for Feb21 exams.
However, recent updates on their website post May21 exams now states that “Level 1 and 2 results are expected to be available approximately 7 weeks after the close of an exam window, and approximately 10 weeks for Level 3.“
So here are all our predicted CFA exam results dates for upcoming 2021 exams:
- CFA Level 1 Apr 2021 (online proctored testing only): 8 June 2021
- May 2021:
- CFA Level 1: 27 July 2021
- CFA Level 2: 3 August 2021
- CFA Level 3: 10 August 2021
- CFA Level 1 Jul 2021: 14 Sep 2021
- Aug 2021:
- CFA Level 1 and 2: 26 October 2021
- CFA Level 3: 9 November 2021
- Nov 2021:
- CFA Level 1 and 2: 18 Jan 2022
- CFA Level 3: 1 Feb 2022
Interestingly, computer-based exam results is only slightly quicker than the 60 days guidance for results release of paper-based exams pre-2021.
More accurately, in previous paper-based exams, L1 and L2 results are released 52 days (or approx 7.5 weeks) after CFA exam day, usually Tuesdays. Level 3 is 2 weeks after that.
How we predict the CFA exam results dates
The table below shows the past dates of CFA exam days and subsequently announced results days. We’ve also added in our latest predicted exam results dates. (Tip: You can view all these dates and future upcoming dates by syncing to our CFA Exam Calendar.)
Previous CFA Exam Dates and Corresponding Results Dates
|CFA Exam Day / Window||CFA Exam Results Day (L1 & L2)||CFA Exam Results Day (L3)|
|Saturday, 3 June 2017||Tuesday, 25 July 2017||Tuesday, 8 August 2017|
|Saturday, 2 December 2017||Tuesday, 23 January 2017||–|
|Saturday, 23 June 2018||Tuesday, 14 August 2018||Tuesday, 8 August 2018|
|Saturday, 1 December 2018||Wednesday, 23 January 2019||–|
|Saturday, 15 June 2019||Tuesday, 6 August 2019||Tuesday, 20 August 2019|
|Saturday, 5 December 2020||Thursday, 28 January 2021||Wednesday, 17 February 2021|
|Feb 2021||Tuesday, 13 April 2021||–|
|Apr 2021||Tuesday, 8 June 2021||–|
|May 2021||L1: Tuesday, 27 July 2021|
L2: Tuesday, 3 August 2021
|Tuesday, 10 August 2021|
|Jul 2021||Tuesday, 14 September 2021*||–|
|Aug 2021||L1 and L2: Tuesday, 26 October 2021*||Tuesday, 9 November 2021*|
|Nov 2021||L1 and L2: Tuesday, 18 January 2022*||Tuesday, 1 February 2022*|
* predicted CFA results day based on our methodology below.
Predicting based on a consistent results day pattern
In pre-2021 paper-based CFA exams, we were able to predict results days consistently:
- CFA Exam Day: First Saturday in June or December (except recently when allowances have been made for the June Eid holidays)
- CFA Exam Results (L1 and L2): 52 days (or approx 7.5 weeks) after CFA exam day, usually Tuesday
- CFA Exam Results (L3): 2 weeks after the L1 and L2 results, usually Tuesday
Now, with the first computer-based exam, all historical patterns may no longer hold much weight – all bets are off!
With Feb21 and Apr21 CBT exam results day reverting to Tuesdays, it seems that we are reverting to a Tuesday results announcement trend after all, with Dec20 being an outlier given the pandemic.
Given that there are no Level 3 CBT results yet, we have followed the previous paper-based exam trend where CFA Level 3 results day are typically 2 weeks after L1/L2 results day.
Based on these, we have predicted the 2021 CFA exam results day with the following assumptions:
– Results are still announced on Tuesdays after transition to CBT
– Level 1 and Level 2 results are usually circa 7-8 weeks after last exam day of an exam window.
– Level 3 results are circa 10 weeks after last exam day of an exam window
– For Nov21 exam day results, we have added a 1 week delay to take into account of the holiday season.
Hopefully as computer-based exams become a norm, we should have more data to be able to understand if there’s a reliable new pattern for CBT results announcement.
Stay updated with our CFA exam calendar
Of course, this is just our prediction based on past years’ observations, so please don’t hold us to it!
The CFA Exam Calendar will continually be updated with the latest dates, so if you want to stay updated, just sync up with the CFA Exam Calendar here or with the buttons below:
Got your CFA exam results? Here’s how to get the most out of it
Using results samples and step-by-step explanations, we show you how to see exactly how well you did, and how you can use the topic performances to inform your studies.
You can read the guide here: CFA Exam Results Explained: How to Interpret Your Results Charts
Waiting for your results? Enjoy your time off for now, let us know what you’re up to with a comment below!
Meanwhile, you may find these related articles of interest: