CFA’s First Exam Is Getting Shorter and Going Electronic

The video discusses changes to the CFA Level 1 exam starting in 2021, including its electronic administration four times a year and a reduction in the number of questions. It highlights the previous year's pass rate and reflects on the personal experience of taking the exam. The video also addresses measures to prevent cheating and the historical context of the exam's administration.

What significant change is being made to the CFA Level One exam starting in 2021?

• It will have more questions.

• It will be held twice a year.

• It will be free of charge.

• It will be administered electronically.

By what percentage will the number of questions in the CFA Level One exam be reduced?

• 15%

• 30%

• 25%

• 10%

What was the pass rate for the CFA Level One exam last year?

• 31%

• 21%

• 41%

• 51%

How many people took the CFA Level One exam last year?

• Over 250,000

• Over 200,000

• Over 157,000

• Over 100,000

What is one of the reasons for administering the CFA exam electronically?

• To prevent cheating

• To make it easier to pass

• To reduce the cost of the exam

• To increase the number of participants