On 7th Oct 2020, CFA Institute announced that the Dec20 CFA exams have been cancelled in 37 locations worldwide. This was followed by:
- 15th Oct 2020: increased to 58 locations
- 22nd Oct 2020: 61 total cancelled locations
- 29th Oct 2020: 63 total cancelled locations
- 5th Nov 2020: 70 total cancelled locations
- 11th Nov 2020: 83 total cancelled locations
- 19th Nov 2020: 90 total cancelled locations
- 24th Nov 2020: 98 total cancelled locations
- 4th Dec 2020: 104 total cancelled locations
Hopefully there will be no more cancelled locations announced. In this article we cover where’s been cancelled, and a roundup of the top most-asked candidate questions.
CFA exam locations cancelled for December 2020: the full list
All Current Cancelled Test Locations for the December 2020 CFA Exams
If it’s been 24 hours and you’ve not received an email, it’s best to get in touch with CFA Institute as soon as you can.
“While I know this comes as disappointing news to some of our candidates, the combination of local public health rules and the lack of venue availability means we cannot proceed with the exams in some markets,” said Margaret Franklin, CFA, President and CEO, CFA Institute.
“I want to thank our candidates for their patience as we work through the impact of this public health crisis, and I assure them that we considered all options before making this difficult decision.”
FAQs: Dec20 local exam cancellations
Please remember that because of the introduction of the computer-based testing format, registration is now a two step process:
- Step 1: Registering for a window. You can register for a window immediately (i.e. Feb21, May21, etc)
- Step 2: Scheduling your exam appointment. This means confirming the actual day you’d like to take the exam. If you’re unsure exactly what date and time will work best for you, you can do this step later. CFA Institute have also stated that they are ‘adding exam availability all the time’, so if you don’t currently see availability or your preferred location, you can check back later. You have until the scheduling deadline to complete step 2, which should be about 2 months before the exam window. You can view all scheduling deadlines with other key deadlines here.
If you feel that your exam location will be cancelled and you don’t want to take the risk, you can postpone now.
The computer-based testing format employed by CFA Institute will allow for:
- multiple exam days instead of just one exam day
- more exam locations, with less candidates per exam center
- simpler exam logistics (e.g. personnel, shipping)
It’s hoped the more COVID-robust format will mean that the 2021 CFA exams will be less likely to be cancelled.
This could mean that 2021 would need to process up to half a million individual CFA exams. Yikes.
CFA Institute, however, would be fully aware of this and likely factor this into their 2021 CBT exam logistics. In addition to more exam days and more test locations, CFA exam sessions also now occur twice as often under the new CBT exam schedule.
CFA Institute have highlighted all the above points, but they’ve not explicitly guaranteed that every postponed candidate will be able to get their first choice of exam slot and location.
Additionally, CAIA has just announced that online proctored exams are now available, so you can take your CAIA exams right from home.
Alternatively – you could also take a break. Spend some time with your family and friends, practice some yoga, and focus on yourself.
It’s been a tough week (and year). But keep things in perspective, and take care of yourself.
u/Rotis127419 at Reddit summed it up well:
Given the cancellations in a lot of places, I feel like a lot of us who are frustrated and upset need to hear that life isn’t all about work and our career. Yes, it’s important of course – but it’s not the end all, be all.
The other day, I found out that someone in my firm’s pregnant wife had a brain aneurysm and passed away unexpectedly. He lost his wife and unborn child. The guy’s whole life got turned upside down in the blink of an eye.
The point is, stop stressing about this exam. Yes, it’s hard work. But life isn’t all about this stuff. So take a day or two or several off, get some sleep, spend time with friends and family, and then dive right back in with a positive attitude. Good luck for whoever is still taking in December!