Last updated: April 07, 2021

CFA exam / Level 1 / JULY 2021


There’s no fixed July 2021 level 1 CFA exam date! Choose a date from 18 to 26 July*, then schedule your CFA exam before 11 May 2021. Note that the registration closes on 20 April. The rescheduling deadline is 22 June.



* Importantly, the 18-26 July exam window may vary depending on your test center or geographic area. What it means is that for your chosen test center, there may be fewer exam dates available, i.e. the exam window may be shorter. That is why it is significant that you check the test center info when registering for and scheduling your level 1 exam.

Below, you can find all July 2021 level 1 exam dates related to registration and scheduling.


ALL JULY 2021 LEVEL 1 CFA EXAM DATES

July 2021 Level 1 CFA Exam
CFA EXAM WINDOW 18-26 July 2021
REGISTRATION STARTS 19 Jan 2021
SCHEDULING STARTS 19 Jan 2021
EARLY REGISTRATION ENDS 10 March 2021
REGISTRATION CLOSES 20 Apr 2021
SCHEDULING CLOSES 11 May 2021
RESCHEDULING CLOSES 22 June 2021
RESULTS RELEASED early Sept 2021

NOTE: All the deadlines end at 11:59 p.m.




JULY 2021 LEVEL 1 CFA EXAM
DATES EXPLAINED


  1. CFA EXAM WINDOW: 18-26 July 2021
  2. July 2021 level 1 CFA exam is a new exam window introduced by CFA Institute as a response to postponed Feb 2021 exam. It will be delivered on computers in proctored test centers worldwide.

    You can choose your July 2021 level 1 CFA exam date to be some day between 18 to 26 July (initially, the window was 18-24 July 2021 but now it's been extended!). As already said, the exact length of the exam window depends on the test center you choose and the geographic region you live in. Actually, it may be shorter than 18-26 July, so read your test center info carefully when registering for and scheduling your CFA exam.

  3. REGISTRATION STARTS: 19 Jan 2021
  4. First, you need to register for your July exam, which means you need to pay due fees.

    The July 2021 exam fees paid at registration are: USD 700 or USD 1000, depending on when you register. Also, if you're a newcomer to CFA Program, you'll need to pay a one-time enrollment fee of USD 450.

    After you register, you're bound to self-schedule your exam within the exam window available in your area. The scheduling deadline is not until 11 May 2021.

  5. EARLY REGISTRATION ENDS: 10 March 2021
  6. There's a special registration fee for early birds and it's $700. It applies from 19 January to 10 March.

    Please note that for computer-based exams, the early registration deadline is also the Pay-by-Invoice deadline.

  7. REGISTRATION CLOSES: 20 April 2021
  8. The standard registration fee is $1000. It applies from 11 March to 20 April. In the past, there was also the so-called late or final registration fee, which was even higher but it's been dropped for computer-based exams.

  9. SCHEDULING CLOSES: 11 May 2021
  10. After you register, you're bound to self-schedule your exam within the exam window available for the July level 1 exam in your area. To this end, you'll need to use the so-called ProScheduler via a dedicated platform.

    Importantly, scheduling is free of charge and the scheduling period is longer than the registration period. For the July exam, it ends on 11 May 2021.

  11. RESCHEDULING CLOSES: 22 June 2021
  12. A new CFA exam fee, called rescheduling fee, has been introduced for computer-based exams. It means that you can still change your CFA exam date and/or test center after you register for and schedule your July exam. You may change the date and/or test center as many times as you want but every change is going to cost you money.

    New optional 2021 CFA exam rescheduling fee is $25 per re-appointment.

    In 2021, it's USD 25 for each re-appointment of your CFA exam. However, the fee has been reduced substantially owing to the difficult pandemic situation which makes people postpone and reschedule their exams. At first, it was going to be USD 250. Most likely it's going to go up as soon as things get more predictable.

    When does the rescheduling option come in handy?

    It may happen that the optimal-for-you exam date and/or test center is already taken at the time when you schedule your exam. But you will judge it reasonable to schedule your exam anyway. After that, you can go back and check your preferred test center for seating availability at your optimal exam date. As soon as it's available to you, you'll be able to make amendments upon paying your rescheduling fee.

  13. RESULTS: early Sept 2021
  14. CFA Institute has even 60 days for releasing level 1 CFA exam results. However, based on the Feb 2021 level 1 CFA exam results date, also the July 2021 level 1 CFA exam results should be available approx. 6-7 weeks post-exam. As always, the Minimum Passing Score (MPS) will be established after the exam by a Board of Governors (read more).


TO PASS YOUR JULY
CFA EXAM

To pass your level 1 exam, there are some things you need to know. For starters, the exam will be divided into 2 sessions, 135 minutes each, with an optional break meanwhile. You can expect 90 multiple-choice questions in each session.

The topics you'll be tested on will be divided into 4 groups: (i) Ethics, (ii) Investment Tools, (iii) Corporate Finance and Portfolio Management, and (iv) Investment Assets. You'll find groups (i) and (ii) during SESSION 1 and groups (iii) and (iv) during SESSION 2. Questions may be shuffled within a group. Once you finish the first session you won’t be able to go back. But you can go back and forth within one session. To learn more about computer-based 2021 CFA exams, see here

Here's what you may expect in July question-wise:


CFA Exam Topics Level 1 Weights No. of Questions
(Estimations)
Ethics 15-20% 28
Quantitative Methods 8-12% 18
Economics 8-12% 18
Financial Reporting and Analysis 13-17% 26
Corporate Finance 8-12% 16
Equity Investments 10-12% 20
Fixed Income 10-12% 20
Derivative Investments 5-8% 10
Alternative Investments 5-8% 10
Portfolio Management 5-8% 14
TOTAL 100% 180 questions

Find VIDEOS & NOTES inside
our CFA Exam Study Planner:

After you take your CFA exam, mind the rule of 6-months-between-exams according to which:

  • if you pass your July 2021 level 1 exam the closest level 2 exam you can take is in Feb 2022, and
  • if you fail your July 2021 level 1 exam the soonest you can retake your level 1 exam is in Feb 2022 and then – if you pass – you can take your level 2 exam in Aug 2022.
  • (read more about 2022 CFA exams)

Published: Jan 18, 2021



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