LAST UPDATED: Nov 2, 2020

CFA exam / Level 2 & Level 3/ MAY 2021

# May 2021 Level 2 & Level 3 CFA® Exam Dates

Here you’ll find the most important May 2021 level 2 and level 3 CFA exam dates, from registration to results. There’s no fixed May 2021 level 2/level 3 exam date but you choose one of the days from 25 May to 1 June*.

IMPORTANT!

Many test centers face seating availability problems!

In some testing areas, there are already no free spots and for some – last free spots are available. So, hurry up if you haven't registered for your May 2021 level 2 or level 3 CFA exam yet!

## YOUR MAY 2021 CFA EXAM DATE

May 2021 is when all the 3 levels of CFA exam are held. Starting in 2021, the CFA exam is going to be delivered in proctored test centers on computers.

There is no fixed May 2021 exam date, neither for level 2 nor for level 3 candidates. You can choose to take your CFA exam on one of the days from 25 May to 1 June. To take your exam on your chosen date, you need to self-schedule your exam.

ALL 2021 EXAMS, ALL LEVELS

* Importantly, the 25 May-1 June 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 exam.

Below, you can find all May 2021 level 2/level 3 exam dates related to registration and scheduling.

## MAY 2021 LEVEL 2 & LEVEL 3 CFA EXAM DATES

### REGISTRATION TO RESULTS

CFA EXAM WINDOW: 25 May-1 June 2021

period of time when you can take your exam

START: 20 Aug 2020

registration & scheduling window for the MAY 2021 exam opens

EARLY REGISTRATION DEADLINE: 3 Nov 2020

early bird fee is USD 700, standard fee is USD 1000

registration closes but you can still schedule your exam

no scheduling but rescheduling option is still available

there's a rescheduling fee of USD 25 for each re-appointment

RESULTS: July 2021

exact date of MAY 2021 exam results release is not yet known even to CFA Institute

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

### MAY 2021 LEVEL 2 & LEVEL 3 CFA EXAM DATES EXPLAINED

1. CFA EXAM WINDOW: 25 May-1 June 2021
2. Originally, the May 2021 level 2/level 3 CFA exam window was supposed to be shorter. However, owing to the postponement of Dec 2020 exams due to COVID-19, the May level 2/level 3 exam window was extended to accommodate also Dec 2020 level 2 and level 3 candidates deferring their exam until May.

Your May 2021 level 2/level 3 CFA exam date will be somewhere between 25 May and 1 June. 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 25 May-1 June, so read your test center info carefully when registering for and scheduling your CFA exam.

3. REGISTRATION STARTS: 20 Aug 2020
4. First, you need to register for your May exam, which means you need to pay due fees.

The May 2021 exam fees paid at registration are: USD 700 or USD 1000, depending on when you register.

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 10 March 2021.

5. EARLY REGISTRATION DEADLINE: 3 Nov 2020
6. There's a special registration fee for early birds and it's $700. It applies from 20 August to 3 November. Please note that for computer-based exams, the early registration deadline is also the Pay-by-Invoice deadline. 7. REGISTRATION CLOSES: 23 Feb 2021 8. The standard registration fee is$1000. It applies from 4 November to 23 February. 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 DEADLINE: 10 March 2021
10. After you register, you're bound to self-schedule your exam within the exam window available for the May level 2 and level 3 exams 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 May exam, it ends on 10 March 2021.

11. RESCHEDULING DEADLINE: 16 Apr 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 May 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: July 2021
14. As always, the Minimum Passing Score (MPS) will be established after the exam by a Board of Governors. That is why results shouldn't be expected much sooner even though the exam will be delivered on computers. Usually, the results are released 7-8 weeks post-exam for level 2 candidates and 9-10 weeks post-exam for level 3 candidates.

## AFTER YOU PASS YOUR MAY EXAM

There's a rule of 6-months-between-exams. That is why:

• if you pass your May 2021 level 2 exam the closest level 3 exam you can take is in Nov 2021, and
• if you fail your May 2021 level 2 exam the soonest you can retake your level 2 exam is in Feb 2022 and then – if you pass – you can take your level 3 exam in Nov 2022.
• if you fail your May 2021 level 3 exam the soonest you can retake your level 3 exam is in Nov 2021.