Something tells me this multiple times per year option will be a money making machine for CFAI, from candidates who underestimate the amount of time needed to prepare properly in order to pass. In any case, glad this madness is over for me.
Hello Dr. Mark, According to the CFAI, candidates who are registered for Dec 2020 have the option of moving to another date until Oct 20 but your website is giving the option till 19th August only. Currently, I am registered on your website for Dec but what if my local authorities do not permit for the exams to happen, what happens to my membership in such a scenario. I currently reside in India and I cannot predict what would happen in December. Also, one more query regarding the CFAI policy. According to the CFAI if the Local authorities permit they would conduct exams, but how the local authorities have been defined( as a whole country or individual cities ( For ex: If Delhi permits for the exam to happen & Mumbai does not then what happens in such a scenario. Please resolve the above-mentioned queries. Thank You
I’m so set to take December 2020 Lvl 2. The fact is that it WILL be risky taking the exam in a room with so many other people. It will be wintertime and the virus will likely be worse simply for that reason. I know, Mark, that CFAI have said that they won’t be implementing their own proprietary health and safety guidelines, but *will they actually be ENFORCING those of the local governments?* As in, if my jurisdiction mandates face coverings, but a test-taker refuses to wear one, will CFAI bar her from entering? No matter where you live in the US, a large part of the population has either actively refused or simply cannot be bothered to cover their face. (On the other hand, if a lot of people actually DO defer to May or August, that simply means that logically there will be fewer test-takers in December, which does allay my concerns at least somewhat.)
They will enforce whatever standards are locally required. If you forget your passport, the DON’T let you in, regardless of how much other id you have. I am sure they will do the same for that girl who won’t wear her mask!.
I'm guessing CFAI will be strict with the safety procedures laid down by experts. Get ready to wear mask for long hours. I am more concerned about reading stuffs covered long, I'm struggling to remember. What is your strategy in covering contents studied long ago? Best wishes from Bangladesh! :)
So if I can clear Dec2020 L2 then I can register for Nov2021 L3 ?? This is the only doubt I have in my mind. May2021 will not be possible for me due to personal reasons.
Hi Mark, I wanted to ensure I understood this correctly. There are no changes to the material / content to Level II? I'm trying to figure out if we are okay to go ahead and subscribe to your CFA Level II resources.
Hello all, just asking in case anyone has already registered or Mark knows. Do we have to pay an additional fee to move from December to May? This clause in the CFA press release is a bit confusing to me: What is the pricing for December candidates wishing to register for May? For all December 2020 candidates wishing to sit the May 2021 CBT administration at any level, published standard registration fees will apply. Early pricing will be available for the August and November administrations respectively. Thank you all.
From another answer by someone else: Did this last night, you will not have to pay again. If you want to switch to Feb, you simply withdraw from Dec and go through the registration process again when signing up for Feb. It will seem like it charges you again, but when you checkout it will be $0. Your information should also already be saved when registering for Feb.
This will be in your In-Mail on the system later today: A note about upgrading your L2/L3 subscription: If you are writing this December and you have the 2020 subscription at L2 or L3, there is no need to do anything. If you know you are moving to CBT in 2021, we anticipate the majority will select May 2021. Upgrading to 2021 uses 100% of the 2020 fees you have paid - the upgrade fee will either be $10 CAD or $15 CAD depending on the price you paid, and access will extend to June 15th. We have coded these options into the checkout process. However, we do understand that those currently deferred from June to December have until October 20 to select 2021 and exit the December exam. And in doing so, a few may select a date other than May 2021. We will deal with those on a case by case basis. Just let us know if such an event occurs. You have until October 20 to willingly opt for 2021. If you select any date other than May 2021, simply provide us your new exam registration and we will ensure access is granted to that date. We anticipate the vast majority selecting May 2021. We are also aware that your locale may cancel the exam and this may only occur after October 20th. This is the only way out of the December exam once the 20th has passed by the way, there will be no further optional exit. In this event, we will also deal with this on a case by case basis. We also anticipate that the vast majority will select May 2021. As above, if you do select a date other than May 2021, simply provide us your new exam registration and we will ensure access is granted to that date. In no event will someone have to pay more than the $10 or $15 upgrade to 2021 that they would have if they selected their choice now. We have chosen to do it this way since there are so many possible variations we could not code them all in any reasonable amount of time. We have chosen to code what we feel will be what 99% of candidates will elect to do anyways, and we will manually deal with the exceptions.
Hi! I'm subscribed to your website. I'm currently signed up for Dec 2020 and want to see how the virus is in Vancouver, Canada in October. However, from my understanding, I can't wait that long to decide on my access to your site?
Hello Dr. Meldrum, is there some information publicly available regarding how the CFAI will deal with the sale of the curriculum? As far as I know, candidates have access to the online version of the curriculum or can purchase a printed version of it, ONLY after they registered for the specific level (without using third-party websites). However, this means that level II candidates clearing the Dec 2020 exam would have access to the level III curriculum only in mid-Jan. I believe the CFAI will take some action to address this problem, but I was wondering if they already said something about it and I lost that info! Thanks Best regards
Hi Mark, I received a notification on your website saying: " If you know you are moving to CBT in 2021, we anticipate the majority will select May 2021. Upgrading to 2021 uses 100% of the 2020 fees you have paid - the upgrade fee will either be $10 CAD or $15 CAD depending on the price you paid, and access will extend to June 15th." If I've understood correctly, CFAI is giving those who have opted in for December 2020 till Oct 20th to defer to May. In your video here, you've said your website subscribers have until August 19th to decide whether to switch to May? Could you please clarify whether the above message on my MM account nullifies this statement? Or do I still have only up till the 19th of August to decide?
If you have selected December, and you plan to take December, then you need not do anything. If you know now you are going to switch, we ask that you do that before August 19th. That is the majority of candidates. The e-mail is just for exceptions. I feel it is quite clear.
Its really is the best way to test new questions. For Item response, you need to know how an items scores. So I need a lot of people to answer it so I can correlate their scores with that question to determine how hard that question is.
They should have made everyone's lives easier by gutting the Dec 2020 exam. It'll be a nightmare for them to follow and navigate through hundreds of national, state and local level guidelines on gatherings and other precautions. The markets are already writing off 2020; maybe the CFAI should have done the same.
What if, you are giving level 1 in December 2020 and clear in your attempt would you be able to give the May 2021 paper for level 2 and like wise if you clear level 2 in May would you be able to register for level 3 in November 2021? If so does a person actually have a chance to clear all three levels in a span of 12 months?
@@HuleAbhishek You cannot have adjacent levels if you fail the previous one, for example if you failed level 2 in may you wont be allowed to sit for august.
do we know whether CAIA test centers will be used for the CFA, i live in Botswana, all along we have been writing the in South Africa, but the boarder is closed. so i am stuck here wondering whether i will have a local test center next year (there is a local CAIA test center)
Hi Mark, so if a candidate sits and fails Level 2 in February 2022, can he take it again in August 2022? Or does he have to skip August 2022 and wait until February 2023.
Hey Mark, Thanks for your explanation. Just a few questions, assuming I take L2 exam on May 2021 and L3 on Nov 2021: 1. When will be the result for L2 exam out? 2. Considering the gap between L2 and L3 is ~5months (compared to 1 year in previous years). Do you think it is doable?
1. 8th week after the exam. 2. Coming off of L2 and right into L3 - and its one month review for L3 at least, that is 4 months for L3 - its tight - risk of burnout.
So the May 2021 L2 computer based exam will be shorter (~4.5 hours) and spread across a few days correct? But the Dec 2020 L2 paper based exam will be as of previous standard time of 6 hours.
Dear fella you o forgot bout the hassle of getting entering room, getting seated, getting your is checked and your paper paper, then collecting paper and leaving room etc etc in which all will easily add up to that one and half hour shortened by computer based exam for it does the work faster and more accurate. All in all you will be getting the same exam with less admin work is what u will be running into.
But there is less room for error....if the total number of questions is 10, making 1 mistake means 10percent down. But in an exam with 100 questions getting one wrong means 1% down. You could argue the more the questions the more you are likely to not know something. But for people who are well prepared, a smaller exam means less room for errors, cos the cost is relatively larger :(
I got through quant before but then stopped studying due to Covid. 4 months should be enough time to get back into everything right? I have until October to gauge where I am I guess, but I'm thinking 4 months is enough time.
thank you for the update. I just want to be 100% sure of 1 thing regarding adjacent exam. scenario 1 : if I fail DEC L2. will I be able to register for May 2021 L2 and Nov2021 L3?
Hi Mark, with all changes made I am confused if the level II content exam for september will be the same as 2020 level II content. This is because I was planning to start the video strategy you suggested but now I am not sure. Thanks
I was registered for June'20. I've not re-registered yet. If I choose December now, would I get an option to shift to May until October or is it only for the folks already registered for the December?
Will the exams get marked within cohorts? For example, pupils who registered for lv 2 in august 19 get marked against august 19 pupils and people who registered in August 20 get marked against august 20 pupils.
Hello Mark, I have just seen your videos regarding the exam updates for all levels. here CFAI and you mention that, if someone fails to clear December 2020 exam, he/she can sit for May2021 exam but standard fees will be applicable. what if someone fails but think for sitting on August 2021 level2 exam, will it be standard fees or early birds registration fee? as it cost USD 300 more in standard fees than early birds. Please give us an clear update if you know. Thanks.
@@MarkMeldrum , thanks for replying. After write to you, i have just visited CFAI official website and see the available registration options for August 2021 window.(here the early bird registration window will open from August 20 till February 02,2021). If someone sits for December exam and cannot pass, he might catch the early registration window if he wants sit for August 2021. I think meanwhile December results will come out before February 02.
If I want to defer my exam to the August 2021 CBT will I have to pay the the full cost of access for your materials ? I currently have access for the Dec 2020 exam.
For computer based exams will we receive the question booklet as a hard copy hence will still be able to underline key words or will this also be on the screen?
Hi Mark, I would like to ask you something. I’m currently registered to take the CFA Level II in December and I’m looking forward to stay there. However, I was wondering if CFAI will notify me that I won’t be able to take the exam (because of the government policies) before October 20th? Or they will tell us later that they won’t be able to apply the exam?
Yor pathway is a little confusing Mark. My reading of the institute text was that you can not sit adjacent exams ie if you fail L2 Dec 20, you cant go for L2 May 2021 but rather the Nov 2021??
Dr mark, If I want to sit for level 2 in December but my local area will not allow the exam to go on will I be allowed to go to a region/area and take the exam in December? Or will I be forced to defer again?
Hello Dr. Mark, I am registered for cfa l2 2020 June exam, up to now i am not chose any option like December or may 2021. If I now chose December 2020 exam date and afterthat if I change my mind to attend the may 2021 exam is it possible ?
No. You have one choice option. Select December and that's it. The only way out is if your locale cancels gatherings and CFAI has to then cancel the exam.
No. Only 7% of candidates who selected it actually repeated the same year. With multiple exams per year, there is little value in having the repeat option from year to year.
Hey good people. Okay so we can re-register from December 2020 to May 2021 as from August 20th, 2020. So if I pass May 2021 level 2, I can sit for Level 3 November 2021?
Hi Sir , I passed CFA level 1 in December 2019, not yet registered for any CFA level 2 exam. I have not even received any email from CFA institute. I'm worried coz you mentioned everyone has received an email n I just triple checked my mailbox.
Also Sir, is it possible for me to register for December 2020 ? I haven't previously registered for Level 2 June 2020. But i would like to register for Level 2 Dec.2020
Hi Sir, I didn’t registered for June 2020 so only option left for me is May 2021 or August 2021 but my question is Suppose if I register for level II for May 2021 exam but due to unavoidable reason i wants to shift my exam to August 2021? Can this be shifted to August 2021?
Why? It is the same content and still a rigorous exam. If someone wants to claim that the new format "cheapens" it because it is more convenient then whatever. Nobody is getting the charter without working hard and gaining a broad and in depth understanding of finance.
Hi Mark, Please consider giving us time until October 20 to decide on our subscription. Thanks
Just re-registered my Level 2 -2021 last month. What a super surprise that I have to rethink about when to take the exam.
I still haven’t received the CFAI email ... Dr Mark
is my go-to for updates
I received the CFA email more than 2 hours after this video was uploaded.
Me too..
Something tells me this multiple times per year option will be a money making machine for CFAI, from candidates who underestimate the amount of time needed to prepare properly in order to pass. In any case, glad this madness is over for me.
Hello Dr. Mark,
According to the CFAI, candidates who are registered for Dec 2020 have the option of moving to another date until Oct 20 but your website is giving the option till 19th August only.
Currently, I am registered on your website for Dec but what if my local authorities do not permit for the exams to happen, what happens to my membership in such a scenario.
I currently reside in India and I cannot predict what would happen in December.
Also, one more query regarding the CFAI policy.
According to the CFAI if the Local authorities permit they would conduct exams, but how the local authorities have been defined( as a whole country or individual cities ( For ex: If Delhi permits for the exam to happen & Mumbai does not then what happens in such a scenario.
Please resolve the above-mentioned queries.
Thank You
Para 1. We will follow CFAI's lead on issues like that
Para 2. That depends on your area - no idea.
@@MarkMeldrum So will we have the option of moving to May until Oct on your website as well? as you said you will be following CFAI's lead??
Hi Mark - based on your flow in 11:58 if I fail L3 in May 21', and take L3 in Nov 21' again, then this is still allowed even though its adjacent?
It's sequential but not adjacent. May/Aug is adjacent, as is Aug/Nov, but not May/Nov.
They did not mention the date for May 2021 for the 10 days to be held, Since Muslims will be fasting and feasting till around May 15-16th
Its about a week earlier than the June exam would have been - so end of May - like from 22/23 onwards/.
I’m so set to take December 2020 Lvl 2. The fact is that it WILL be risky taking the exam in a room with so many other people. It will be wintertime and the virus will likely be worse simply for that reason. I know, Mark, that CFAI have said that they won’t be implementing their own proprietary health and safety guidelines, but *will they actually be ENFORCING those of the local governments?* As in, if my jurisdiction mandates face coverings, but a test-taker refuses to wear one, will CFAI bar her from entering? No matter where you live in the US, a large part of the population has either actively refused or simply cannot be bothered to cover their face.
(On the other hand, if a lot of people actually DO defer to May or August, that simply means that logically there will be fewer test-takers in December, which does allay my concerns at least somewhat.)
I'm having the same concerns... Texas is one of those states.
They will enforce whatever standards are locally required. If you forget your passport, the DON’T let you in, regardless of how much other id you have. I am sure they will do the same for that girl who won’t wear her mask!.
I'm guessing CFAI will be strict with the safety procedures laid down by experts. Get ready to wear mask for long hours. I am more concerned about reading stuffs covered long, I'm struggling to remember. What is your strategy in covering contents studied long ago? Best wishes from Bangladesh! :)
So if I can clear Dec2020 L2 then I can register for Nov2021 L3 ??
This is the only doubt I have in my mind.
May2021 will not be possible for me due to personal reasons.
I’m wondering the same thing
Yes
Pass in December, you can do L3 in either May or November.
That seems like a best option.
Mark..Will you be doing a video for L2 2021 candidates on a timeline on when to start studying..somewhat of a study timeline breakdown ??
23:06 For Level 2, if you fail in Feb, you can sit for Aug?
Feb is not until 2022. For 2021, L2 is may or August.
@@MarkMeldrum I mean, adjacent window will also apply to Level 2? if you fail in a window, you can sit the next after 6 months?
@@evanlebzu1 yes.
Hi Mark, I wanted to ensure I understood this correctly. There are no changes to the material / content to Level II? I'm trying to figure out if we are okay to go ahead and subscribe to your CFA Level II resources.
No changes from 2020 to 2021.
Hello all, just asking in case anyone has already registered or Mark knows. Do we have to pay an additional fee to move from December to May? This clause in the CFA press release is a bit confusing to me:
What is the pricing for December candidates wishing to register for May?
For all December 2020 candidates wishing to sit the May 2021 CBT administration at any level, published standard registration fees will apply. Early pricing will be available for the August and November administrations respectively.
Thank you all.
From another answer by someone else:
Did this last night, you will not have to pay again. If you want to switch to Feb, you simply withdraw from Dec and go through the registration process again when signing up for Feb. It will seem like it charges you again, but when you checkout it will be $0. Your information should also already be saved when registering for Feb.
Hi Mark, could you please consider extending the deadline for upgrading the package in your website from Aug 19th to at least Mid September?
This will be in your In-Mail on the system later today:
A note about upgrading your L2/L3 subscription:
If you are writing this December and you have the 2020 subscription at L2 or L3, there is no need to do anything.
If you know you are moving to CBT in 2021, we anticipate the majority will select May 2021. Upgrading to 2021 uses 100% of the 2020 fees you have paid - the upgrade fee will either be $10 CAD or $15 CAD depending on the price you paid, and access will extend to June 15th. We have coded these options into the checkout process.
However, we do understand that those currently deferred from June to December have until October 20 to select 2021 and exit the December exam. And in doing so, a few may select a date other than May 2021. We will deal with those on a case by case basis. Just let us know if such an event occurs. You have until October 20 to willingly opt for 2021. If you select any date other than May 2021, simply provide us your new exam registration and we will ensure access is granted to that date. We anticipate the vast majority selecting May 2021.
We are also aware that your locale may cancel the exam and this may only occur after October 20th. This is the only way out of the December exam once the 20th has passed by the way, there will be no further optional exit. In this event, we will also deal with this on a case by case basis. We also anticipate that the vast majority will select May 2021. As above, if you do select a date other than May 2021, simply provide us your new exam registration and we will ensure access is granted to that date.
In no event will someone have to pay more than the $10 or $15 upgrade to 2021 that they would have if they selected their choice now. We have chosen to do it this way since there are so many possible variations we could not code them all in any reasonable amount of time. We have chosen to code what we feel will be what 99% of candidates will elect to do anyways, and we will manually deal with the exceptions.
Hi Mark, I am interested in your purchasing your mock exams. Are they updated every year?
Hi! I'm subscribed to your website. I'm currently signed up for Dec 2020 and want to see how the virus is in Vancouver, Canada in October. However, from my understanding, I can't wait that long to decide on my access to your site?
Yes can we please have until the same date as the CFA gives to decide if we want to extend our access to your site
Hello Dr. Meldrum,
is there some information publicly available regarding how the CFAI will deal with the sale of the curriculum? As far as I know, candidates have access to the online version of the curriculum or can purchase a printed version of it, ONLY after they registered for the specific level (without using third-party websites). However, this means that level II candidates clearing the Dec 2020 exam would have access to the level III curriculum only in mid-Jan. I believe the CFAI will take some action to address this problem, but I was wondering if they already said something about it and I lost that info!
Thanks
Best regards
You can always by the books on Amazon.
Hi Mark, I received a notification on your website saying:
" If you know you are moving to CBT in 2021, we anticipate the majority will select May 2021. Upgrading to 2021 uses 100% of the 2020 fees you have paid - the upgrade fee will either be $10 CAD or $15 CAD depending on the price you paid, and access will extend to June 15th."
If I've understood correctly, CFAI is giving those who have opted in for December 2020 till Oct 20th to defer to May. In your video here, you've said your website subscribers have until August 19th to decide whether to switch to May?
Could you please clarify whether the above message on my MM account nullifies this statement? Or do I still have only up till the 19th of August to decide?
If you have selected December, and you plan to take December, then you need not do anything. If you know now you are going to switch, we ask that you do that before August 19th. That is the majority of candidates. The e-mail is just for exceptions. I feel it is quite clear.
I don't really understand the trial questions being a part of the test, it would be great if you can throw some light on it !
Its really is the best way to test new questions. For Item response, you need to know how an items scores. So I need a lot of people to answer it so I can correlate their scores with that question to determine how hard that question is.
They should have made everyone's lives easier by gutting the Dec 2020 exam. It'll be a nightmare for them to follow and navigate through hundreds of national, state and local level guidelines on gatherings and other precautions. The markets are already writing off 2020; maybe the CFAI should have done the same.
What if, you are giving level 1 in December 2020 and clear in your attempt would you be able to give the May 2021 paper for level 2 and like wise if you clear level 2 in May would you be able to register for level 3 in November 2021? If so does a person actually have a chance to clear all three levels in a span of 12 months?
Yes - but the there is no paper exam after the December.
@@MarkMeldrum Could you please make a video on this matter like how one can achieve such a suicidal task with dedicated hours put in it?
Just don't fall victim to the planning fallacy :-P All the best
No it is not possible. You cannot have adjacent level 2 and level 3 exams with the exception of Dec 2020 and May 2021
@@HuleAbhishek You cannot have adjacent levels if you fail the previous one, for example if you failed level 2 in may you wont be allowed to sit for august.
do we know whether CAIA test centers will be used for the CFA, i live in Botswana, all along we have been writing the in South Africa, but the boarder is closed. so i am stuck here wondering whether i will have a local test center next year (there is a local CAIA test center)
Hi Mark, so if a candidate sits and fails Level 2 in February 2022, can he take it again in August 2022? Or does he have to skip August 2022 and wait until February 2023.
August 2021,yes.
Hey Mark, Thanks for your explanation. Just a few questions, assuming I take L2 exam on May 2021 and L3 on Nov 2021:
1. When will be the result for L2 exam out?
2. Considering the gap between L2 and L3 is ~5months (compared to 1 year in previous years). Do you think it is doable?
1. 8th week after the exam.
2. Coming off of L2 and right into L3 - and its one month review for L3 at least, that is 4 months for L3 - its tight - risk of burnout.
@@MarkMeldrum and I presume i have to register under normal fee (after i am informed i passed) if I were to take L3 in Nov21?
So, how many questions will be there for AM and PM? 45 for each session?
Yes.
Just need some clarity on the "adjacent" rule. Based on the chart, 2020 Dec exam takers who fail are able to take the test in May 2021?
This is my understanding
Correct
So the May 2021 L2 computer based exam will be shorter (~4.5 hours) and spread across a few days correct?
But the Dec 2020 L2 paper based exam will be as of previous standard time of 6 hours.
Yes.
Regardless of what is said, a 4 hour exam is far easier than a 6 hour exam
Far less stressful, not sure I would agree with cognitively easier.
Dear fella you o forgot bout the hassle of getting entering room, getting seated, getting your is checked and your paper paper, then collecting paper and leaving room etc etc in which all will easily add up to that one and half hour shortened by computer based exam for it does the work faster and more accurate. All in all you will be getting the same exam with less admin work is what u will be running into.
But there is less room for error....if the total number of questions is 10, making 1 mistake means 10percent down. But in an exam with 100 questions getting one wrong means 1% down. You could argue the more the questions the more you are likely to not know something. But for people who are well prepared, a smaller exam means less room for errors, cos the cost is relatively larger :(
The 6 hour exam only takes 3 hours to complete. I’d far rather have less time and not have to wait 90 minutes for the “break” or to leave.
I got through quant before but then stopped studying due to Covid. 4 months should be enough time to get back into everything right? I have until October to gauge where I am I guess, but I'm thinking 4 months is enough time.
If you begin now and are diligent and put in the time - sure. But don't waste a week thinking about it.
thank you for the update. I just want to be 100% sure of 1 thing regarding adjacent exam.
scenario 1 : if I fail DEC L2. will I be able to register for May 2021 L2 and Nov2021 L3?
Yes
So if I choose December for L2, I'll have a fallback option for May (write L2 again) and - in the case of passing - go for L3 in November?
You can also go for L3 in May
If you pass L2 in December, then L3 in May, fail L2 in December, L2 in May, then L3 in November.
@@MarkMeldrum and sit in any case at the charter dinner in December :-) thanks
Hi Mark, with all changes made I am confused if the level II content exam for september will be the same as 2020 level II content. This is because I was planning to start the video strategy you suggested but now I am not sure. Thanks
It will be the same as 2020 yes.
Hi Mark! If I withdraw my registration for the Dec exam in October, Can I register for the May CBT in October?
I was registered for June'20. I've not re-registered yet. If I choose December now, would I get an option to shift to May until October or is it only for the folks already registered for the December?
I think Oct 20 is only for those that are already registered fro December.
Will the exams get marked within cohorts? For example, pupils who registered for lv 2 in august 19 get marked against august 19 pupils and people who registered in August 20 get marked against august 20 pupils.
Its not about the day you register, its the exam you sit for.
Hello Mark, I have just seen your videos regarding the exam updates for all levels. here CFAI and you mention that, if someone fails to clear December 2020 exam, he/she can sit for May2021 exam but standard fees will be applicable. what if someone fails but think for sitting on August 2021 level2 exam, will it be standard fees or early birds registration fee? as it cost USD 300 more in standard fees than early birds. Please give us an clear update if you know. Thanks.
I think, but I am not sure, that early bird pricing is gone. Only standard and late from here on in.
@@MarkMeldrum , thanks for replying. After write to you, i have just visited CFAI official website and see the available registration options for August 2021 window.(here the early bird registration window will open from August 20 till February 02,2021). If someone sits for December exam and cannot pass, he might catch the early registration window if he wants sit for August 2021. I think meanwhile December results will come out before February 02.
If I want to defer my exam to the August 2021 CBT will I have to pay the the full cost of access for your materials ? I currently have access for the Dec 2020 exam.
No. If you do select August instead of May, just contact us when that happens.
For computer based exams will we receive the question booklet as a hard copy hence will still be able to underline key words or will this also be on the screen?
All online.
Hi Mark, I would like to ask you something. I’m currently registered to take the CFA Level II in December and I’m looking forward to stay there. However, I was wondering if CFAI will notify me that I won’t be able to take the exam (because of the government policies) before October 20th? Or they will tell us later that they won’t be able to apply the exam?
As soon as they know, they will tell you. If your locale does not make the decision until November 15th, then you will just be deferred to 2021.
Mark Meldrum thanks Mark.
Dr. Meldrum, if I fail on May2021 Level 2, do I have to wait until Feb 2022 to retake L2?
Yes
@@MarkMeldrum Level 2 isn't even offered in Feb though..
Yor pathway is a little confusing Mark. My reading of the institute text was that you can not sit adjacent exams ie if you fail L2 Dec 20, you cant go for L2 May 2021 but rather the Nov 2021??
Adjacent means Dec/Feb or Feb/May. Dec/May is not adjacent.
If i cleared level 1 in December 2020, can i give level 2 in august 2021 and level 3 in may 2022 ?
You can't take the exams adjacently. Check the CFAI site.
Adjacent means Dec/Feb, Feb/May, May/August, etc. Dec/May is not adjacent.
Yes, You have both option May 21 and Aug 21. And Level 3 will be in May 22
Dr mark,
If I want to sit for level 2 in December but my local area will not allow the exam to go on will I be allowed to go to a region/area and take the exam in December? Or will I be forced to defer again?
Possibly another region if space allows, but possibly deferral again.
Thank you.
I have cleared L1 in past and not registered for L2 yet. Can I register for Dec'2020 before 19th august ?
no
What about 2022 scholerships? Can i sit for June 2021 exam (With scholership awarded in 2020) then apply for scholership for my exam in 2022?
CFAI question directly on this one.
If i hadn't registered for the June 2020 Exam for level 2, would it still be possible to register for the December exam in 2020?
No.
Mark, if I fail Level II in May 2021 am I not able to retake in August 2021? Looks that way according to the flowchart
Fail L2 in May, means you were not using my videos. You would have yo wait till Feb 2022
@@MarkMeldrum Sheesh. Time to grab some coffee and watch those vids on 1.5x
Hi Mark - do you think 5 months is good enough time to prepare & appear for L2 (given L1 exam taken Feb 21) and full time employed ?
Asking the wrong person. Do YOU think 5 months is enough time for YOU!
Hello Dr. Mark,
I am registered for cfa l2 2020 June exam, up to now i am not chose any option like December or may 2021. If I now chose December 2020 exam date and afterthat if I change my mind to attend the may 2021 exam is it possible ?
No. You have one choice option. Select December and that's it. The only way out is if your locale cancels gatherings and CFAI has to then cancel the exam.
Are you still offering the OFTC package?
No. Only 7% of candidates who selected it actually repeated the same year. With multiple exams per year, there is little value in having the repeat option from year to year.
If I pass dec 20 level 2 and want to take a 1 year break could I finish off level 3 in may 2022?
Yes
Hey good people.
Okay so we can re-register from December 2020 to May 2021 as from August 20th, 2020. So if I pass May 2021 level 2, I can sit for Level 3 November 2021?
If you are currently registered for December, you have until August 19th to switch to May 2021. And yes, you can do L3 in November.
Hi Sir , I passed CFA level 1 in December 2019, not yet registered for any CFA level 2 exam. I have not even received any email from CFA institute. I'm worried coz you mentioned everyone has received an email n I just triple checked my mailbox.
Also Sir, is it possible for me to register for December 2020 ? I haven't previously registered for Level 2 June 2020. But i would like to register for Level 2 Dec.2020
No.
I didn't receive the email. Can anyone help me with a link ? :(
Hi Sir, I didn’t registered for June 2020 so only option left for me is May 2021 or August 2021 but my question is Suppose if I register for level II for May 2021 exam but due to unavoidable reason i wants to shift my exam to August 2021? Can this be shifted to August 2021?
Yes, for 250 USD.
Does the ciriculum in 2020 and 2021 is same?
yes
If I re-register to May 2021, can I sit for level 3 in November 2021 if I pass.
Yes.
Has anyone received the mail? Pls help
Nope
Yeah just got it now
is it may early or may mid for level 2?
Late May.
If it’s computer based does that mean we can use Excel for the tedious level 2 calculations?
No - calculator. However, in future years they may add a modelling component.
Fewer people with fewer stress... thats the worst part of cfa lots of stressed out people. Stress is contagious haha
For me, CFA is a waste of time after such news
Why? It is the same content and still a rigorous exam. If someone wants to claim that the new format "cheapens" it because it is more convenient then whatever. Nobody is getting the charter without working hard and gaining a broad and in depth understanding of finance.
Less ads would be nice...
@Bentae don't have an Adblocker on my phone
TH-cam adds mid roll ads automatically now - I have to manually disable them