When Will My CFA Exam Results Be Released?

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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?

When Will My CFA Exam Results Be Released? 1

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 stated that “the results are expected to be available approximately 6–7 weeks after the close of an exam window.

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: 6 July 2021
    • CFA Level 2: 13 July 2021
    • CFA Level 2: 27 July 2021
  • CFA Level 1 Jul 2021: 7 Sep 2021
  • Aug 2021:
    • CFA Level 1: 12 October 2021
    • CFA Level 2: 19 October 2021
    • CFA Level 3: 9 November 2021
  • Nov 2021:
    • CFA Level 1: 11 Jan 2022
    • CFA Level 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 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

CFA exam results date prediction methodology

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 / WindowCFA Exam Results Day ​(L1 & L2)CFA Exam Results Day (L3)
Saturday, 3 June 2017Tuesday, 25 July 2017Tuesday, 8 August 2017
Saturday, 2 December 2017Tuesday, 23 January 2017
Saturday, 23 June 2018Tuesday, 14 August 2018Tuesday, 8 August 2018
Saturday, 1 December 2018Wednesday, 23 January 2019
Saturday, 15 June 2019Tuesday, 6 August 2019Tuesday, 20 August 2019
Saturday, 5 December 2020Thursday, 28 January 2021Wednesday, 17 February 2021
Feb 2021Tuesday, 13 April 2021
Apr 2021Tuesday, 8 June 2021
May 2021L1: Tuesday, 6 July 2021*
L2: Tuesday, 13 July 2021*
Tuesday, 27 July 2021*
Jul 2021Tuesday, 7 September 2021*
Aug 2021L1: Tuesday, 12 October 2021*
L2: Tuesday, 19 October 2021*
Tuesday, 9 November 2021*
Nov 2021L1: Tuesday, 11 January 2022*
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!

CFA Institute has just confirmed that CFA Level 1 Apr21 would be announced on 8th June 2021, i.e. a Tuesday. So 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 circa 6-7 weeks after last exam day of an exam window
– Level 3 results are 8-9 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

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We’re written a guide with everything you need to fully understand your results charts

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:

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8 thoughts on “When Will My CFA Exam Results Be Released?”

  1. Hi guys,
    Just to update you on the OPT release date. CFA Institute sent me an email yesterday saying they will email the results on 8 June 2021 after 9:00 a.m. ET.
    Very weird I would say, as it is even longer than their predicted 6-7 weeks timeline and there was a very reduce number of candidates taking the OPT.

    Reply
    • Thanks for the update! Yes, it is indeed weird. But as it’s a one-off, a new format, and with Covid cancellations etc, anything is possible.

      Reply
  2. Considering there was a small March window for some candidates who were unable to sit for the Feb Exam. Do you reckon that is going to impact they results timeline for all February candidates?

    Reply
    • Hi Raj, I don’t think so, as CFA Institute would need to announce results at the promised timeline for Feb21 candidates so that they have time to register for the next exams.

      Reply
  3. CFA has always been strange to me. I did CMA exams between 2008 and 2010 in the old 4 books curriculum, and for the first three parts, I received my result instantly after submitting the exam. I cannot understand why the CFA level 1 I sat for in February won’t release the results sooner. I mean I can understand the assessment of ethics and the passing score, but that is assumed to be faster, not slower after transitioning to CBT instead of a paper-based exam. Let’s see where this goes.

    Reply
    • Hi James, with CBT, I’m not sure at this stage as everything is new for us and CFA Institute. CFA Institute’s current guidance is 6-7 weeks after close of exam window (i.e. 1 March for L1 Feb21), so our estimate is mid April currently.

      Reply

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