First Computer-Based CFA® Exam to be Administered Next Week, Ending Nearly 60 Years of a Pencil-and-Paper Based Test

Kaplan Schweser’s Andrew Temte Available for Comment On What to Expect, How to Prepare

Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)
Press Contact: Gregory Ten Eyck,

Fort Lauderdale, FL (February 9, 2021) — On February 16, the CFAⓇ Exam, taken by financial professionals as part of industry requirements to earn the designation of Chartered Financial Analyst, will be administered as a computer-based test for the first time since its introduction in 1962. Like anything new, this brings challenges and uncertainty for candidates who are not prepared and are unfamiliar with the digital format.

“This is the most significant change to the CFA® exam in its history, but I think it offers many benefits,” said Dr. Andrew Temte, CFA, President of Corporate Training at Kaplan and co-founder of Kaplan Schweser, a leader in CFA education and test preparation. “While the global pandemic has accelerated this change, the computer-based format has been under development for years. In addition to opportunities for increased safety protocols, this innovation brings greater flexibility for both the CFA Institute and CFA candidates. Now with multiple exam windows offered each year, candidates can choose to compress or elongate their path to achievement of the Charter to suit their needs or life situation.”

To prepare candidates, Kaplan Schweser launched the Schweser Mock Exam Sim, a first-in-market tool that replicates the interface used on exam day to provide the most realistic experience possible. The mock exam also uses the same number of questions, question style, and timed breaks.

Level I of the CFA® Exam will be offered to candidates within an exam window of February 16 to March 1. (The first computer-based Level II and III exams will be offered between May 25 and June 1.)  In addition to adoption of computer-based testing, the CFA Institute is reducing the number of questions on the Level I exam from 240 to 180. The exam will still have two sessions, with each session consisting of 90 questions and time limits of 2 hours and 15 minutes apiece.

For more information or to schedule an interview with Andrew Temte, please contact Greg Ten Eyck at Kaplan ( or +1 954-515-3026.

Kaplan Schweser is part of Kaplan and a leading global provider of financial education for hundreds of thousands of students and business professionals around the world, including training for CFA®, CAIA®, and FRM®. Our comprehensive learning strategy, known as The Kaplan Way, utilizes learning science in the instructional design of our educational tools and courses. Follow us on Twitter @KaplanSchweser.

CFA Institute, CFA®, and Chartered Financial Analyst® are trademarks owned by CFA Institute.

About Kaplan 

Kaplan provides individuals, universities, and businesses a broad array of educational services, including higher and professional education, test preparation, language training, corporate and leadership training, and student recruitment, online enablement and other university support services. With operations in nearly 30 countries, Kaplan serves nearly 1.1 million students each year and has partnerships with 2,000-plus universities, colleges, and schools/school districts, and more than 4,000 businesses globally. Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC). For more information, please visit

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