All CFA Institute examinations will move to computer-based testing starting next year, with the coronavirus pandemic accelerating a planned move by the association.
The association of investment professionals had already announced a move to computer-based testing for Level I examinations. The final paper-based tests will take place in December, a news release said.
The transition had been planned as part of a broader effort to deliver examinations via computers in secure test centers, vs. the current paper-based tests taking place in large spaces. The change allows the CFA Institute to provide smaller exam settings, more dates for examinations and easier scheduling across more locations. The move also reflects that the investment profession now operates in a digital world, the news release said.
The CFA Institute will work with Prometric, a technology-enabled testing and assessment firm, to administer the exams. The CFA Institute will collaborate with the British Council, a U.K. international organization for cultural relations and educational opportunities, for exams in India and Africa.