Some clarity on this would be great, because I'll gladly pay $1000 to avoid having to wait until Feb 2022 for L2/retaking L1. But wow if that's the case, they'll take $1000 to let you write May yet say the capacity is full....what a money grab.
I think it is for the non deferral people who would have paid anyways to have a seat. Everyone who just got results back for December should have a crack at May, and just because February got deferred doesn't mean they shouldn't get a seat.
@@dylangray9965 Interesting. I got charged and booked it yesterday, but I am going for lvl 3 and I have been able to select a seat and everything, so maybe they are being funky with level 1 on the billing if you pick that option.
Thank you Dr. Mark for this gesture. I was scared if I had to subscribe to your site again for my deferred exam. Thank you for making it free again for deferred candidates. Your content is just absolutely awesome.
And the 4th group, those who cant wait anymore and want to write an exam, although I was deffered in December I'm scared I'm not gonna pass, but if I fail I have another chance to write in August. Let's give it a shoot. Thank you Dr. Meldrum for your work.
For those that feel like they aren't ready & want to defer to July.. You should still go for February. Best case scenario, you pass > L2 in August. If you fail, L1 > August. If you pass on your 2nd attempt in August, you're gunning for L2 in Feb. By going the February route you have more to gain than lose; because if you do fail, at least you now have first hand experience writing the real exam & know what to expect for August. If you go for July, you have more to lose than gain; if you fail in July, you're rewriting in Feb.. weigh out the pros & cons.
PSA: I tried to pay the $1000, card was charged initially, but when I go to my account, says I am not registered and the $1000 no longer appears on my card
hmm.. If that option works for me I’d gladly take it but I’m not sure if CFAI will let that pass😭😭 Can you leave a comment here if your registration for May is changed in any way? Really appreciate the help in advance :)
Because of uncertainty in our place due to COVID, I have deferred my CFA L1 exam scheduled in February 2021 window to a future exam window. even though there are places available in May 2021 exam window in my chosen centre, I could not schedule my exam with my deferral. At the checkout, the fees shown by the system is USD 1000 instead of USD 0
@Mark Meldrum Would you happen to know if candidates for the February CBT exam are required to bring an admission ticket with them in addition to their passport? Thank you for your help and your great content.
Does that prometric company do all the regions? I'm a bit stressed trying to understand if my venue will be available for it's February date. No venues show being affected in Korea, can I assume that I'll be able to write?
Hi Dr. Mark, I am confused about your warning "Each year there are updates to accounting standards. Financial Reporting and Analysis has changed considerably for 2021 and the 2017 content should not be used as a basis for the exam - all Financial Reporting and Analysis videos are new for 2021." below the Financial Reporting and Analysis videos on the website. I seems the videos on your website are still linked to videos published in 2016/17....? Where are the updated videos....? Thanks!
Hi Mark, more of an opinion-based question here but how do you think this deferral option will affect pass rates for the Feb time window? Seems as if averages may be higher since those who aren’t ready will undoubtedly defer.
Can somebody that defer tell me where I can find the option in the CFA website to defer? I log in into my account and check every possible window in the dashboard and didnt find it
@@victoriafranco7384 Hi, thanks for that. Once i deferred, it didn't give me the option to register for the next available. Should wait 24hours to be reflected in the system? Or there is additional path for the registration again?
Hey Mark, What do you think are the chances of the March window getting deferred too? Because i honestly dont think the situation is going to really improve in a month
Hey Mark, first of all I love your content and appreciate you putting the time in to make all of these videos. I have a quick question for you. As an individual who wants to learn the CFA material for purely the development of knowledge and financial literacy/application rather than obtaining the charter for leverage in my career, would you recommend any other material to purchase for studying other than either your courses/Kaplan text books for the L2-3 material? For some background, I have recently passed L1, and without much more detail i have decided to not pursue the CFA designation. I do however thoroughly enjoy the education and studying (minus ethics and some FRA, lol) and I am looking to continue the education on my own time.
Can I ask why you've decided not to finish the tests? The cost is relatively cheap for the designation and if I was going to learn the material anyways I would definitely want the letters behind my name
Jared Benoit yeah definitely! When I started studying for level one, the end goal was to learn the material, not really get the letters. I’m in a pretty lucky situation where current and future job security/income is not an issue and I would not need the letters to progress my career. What drew me to the CFA was the benefits that the education would provide in my approach/understanding of finance as a whole, rather than the career benefits of having the letters. I currently see the freedom of studying on my own time and using the gained hours (from not studying certain material that isn’t as directly applicable to real time scenarios that I deal with on a day to day basis I.e ethics, etc.) to read/study in other areas provides as a more efficient use of my time!
Does anyone have a clue about May L1?! I don't think I'll be able to take the exam since something has come up unexpectedly. Any help is appreciated. Thanks
Hi Mark! I am debating between deferring it or taking the exam in Feb. Do you think the pass rates for Feb will be affected by these changes? Also, what minimum percentiles do you think will be good enough to help me decide if I should take it in Feb? I tried to complete a mockup wearing a mask and omg it was so stressful. I appreciate your time!
Can someone please confirm that for CBT on exam day we are only suppose to take Passport and Calculator? I remember people mentioning that they used to need exam tickets.. but i couldn't find any reference of this on CFAI website. Please confirm, i want to make sure i have everything as per CFAI requirement.
@Mark Meldrum If I defer to August 2021 and manage to pass, will I then be able to sit L2 in February 2022 or may there still be capacity problems which means I could not get onto the L2 sitting in February 2022? Thanks Lorcan
Hey Mark, I’m planning on taking the Feb Exam (Level 1), but if I fail & retake it in August, will the content/material be the same, or would it be different? Thanks!
I have no choice but to cancel it cause the country's political situation is not stable, due to military coup d'etat in Myanmar. Writing the exam is the least I could think about. So will it they refund this time or only deferral is available ? Also I haven't received mail yet.
Hi Sir, I had previously registered for June 2020 exams and later re-registered for May 2021 Level 2 exam but I haven't scheduled an appointment for the dates between 25 may - 1st June. I want to defer my L2 exam to August 2021 because I have another exam to give in May 2021. Is it possible to do so? if yes, how?
Thanks for this, one question though, if I register for another date now, can I change the location after? I might change location before any of the windows but not yet sure.
Hi Prof. Do you think the L1 exam in Toronto will take place in Feb? It looks like the current lockdown order will last until Feb 11 which is 1 day after the the Feb 10 deadline to reschedule exam. It's a bit disappointing that CFAI set the deadline too soon since now i basically have to gamble instead of preparing well for the exam. Thank you
From the site, it seems like there is no exam planned (L2) in May, 2022. So basically, if L1 is passed in November, L2 can only be taken in August, 2022?
Sir, did you delete a video you've uploaded recently? I remember that you've said something about the CBT's actual number of questions (160 rather than 180 since there's 20 non-graded question) but I can't seem to find it. Thank you, sir.
160 actual, 20 test, yes. I put the video private. I compared CTT and IRT since CBT makes IRT possible. I was not clear that this is an evolution and not the case for the next year. So rather than have confusion, I just removed it.
Are these slots on a first come first serve basis? Like if I deregister from the Feb attempt do I need to be worried that July slots are gonna full or they will be available later on after 10th Feb?
Thanks for such an informative video and guiding students. I had a query regarding this..... Can I defer from february to march window for taking exam....?
I dont know how but i can see option of registering for May. But it needs in the end 1000USD to pay. What do you think? Can it be so that if I pay I can register for May. And for free just from July?
Hi Mark, thanks a lot for this breakdown! Query I have is, do you know how to actually withdraw from a CFA exam? Non registered CFA accounts still have the option to register for May 2021. My logic is, just withdraw from CFA Feb 2021, and just pay the $1,000 for May but I'm not sure how I withdraw
Just an FYI as I seen this same question being asked by a few below - On the CFA website, there is an option to choose May 2021, but when you actually click into it and go to register, it brings you to a new page and the May option is not available, so yeah, May 2021 Lvl 1 does not appear available for anyone anymore
Even I tried that option just of curiosity. Haha. I think people can still appear for May but they have to pay extra 1000 bucks. Only cfa can answer this
Dr. mark I have to travel to another City to do the exam. If my exam gets cancelled before 18th February and I want to defer the exam until July, can I do it? It would be costly to be in the city just to wait for the exam
So if our exam center is not cancelled as of yet and we do not intend to defer what happens? What if I find out the exam center gets canceled before feb 10?
Hi Mark, I have deferred my exam to July, 2021. One query though. The website says that I can cancel my exam and get full refund if cancelled till Feb 16, 2021. I am interested in scheduling the exam in May, 2021. So, can I cancel the exam and register for May, 2021 by paying the fees?
@@MarkMeldrum Sir, I didn't get any mail but I am not able to find my center in the link you provided. How can I know if my center is cancelled? Or should I not choose any window for now and wait till Feb exams are over?
Just making sure...I went on my account and it still shows my exam will be on the 28th Feb. I'm assuming that my exam will still take place right? I'm getting anxious 😅
I am glad that it happened, I clearly underestimated to amount of work it required and would definitely not be ready for the test. At least I studied the whole curriculum once 😂
@Mark Meldrum
I don't understand: They are saying May is full but you can pay 1,000$ to take the exam in that exam window...
Some clarity on this would be great, because I'll gladly pay $1000 to avoid having to wait until Feb 2022 for L2/retaking L1. But wow if that's the case, they'll take $1000 to let you write May yet say the capacity is full....what a money grab.
CFA showing again they care about nothing but money. Disgusting
I think it is for the non deferral people who would have paid anyways to have a seat. Everyone who just got results back for December should have a crack at May, and just because February got deferred doesn't mean they shouldn't get a seat.
@@thomasknight604 well I actually went through with that selection, ended up getting a seat for May, didn't get charged, yet...
@@dylangray9965 Interesting. I got charged and booked it yesterday, but I am going for lvl 3 and I have been able to select a seat and everything, so maybe they are being funky with level 1 on the billing if you pick that option.
Why do we have the option to PAY for May but cannot differ to May? What are your thoughts on this?
Thank you Dr. Mark for this gesture. I was scared if I had to subscribe to your site again for my deferred exam. Thank you for making it free again for deferred candidates. Your content is just absolutely awesome.
And the 4th group, those who cant wait anymore and want to write an exam, although I was deffered in December I'm scared I'm not gonna pass, but if I fail I have another chance to write in August. Let's give it a shoot. Thank you Dr. Meldrum for your work.
This is also my plan. Good luck!
Nervous too!
For those that feel like they aren't ready & want to defer to July.. You should still go for February. Best case scenario, you pass > L2 in August. If you fail, L1 > August. If you pass on your 2nd attempt in August, you're gunning for L2 in Feb. By going the February route you have more to gain than lose; because if you do fail, at least you now have first hand experience writing the real exam & know what to expect for August. If you go for July, you have more to lose than gain; if you fail in July, you're rewriting in Feb.. weigh out the pros & cons.
The money it's not nothing
what about the refund option?
PSA: I tried to pay the $1000, card was charged initially, but when I go to my account, says I am not registered and the $1000 no longer appears on my card
are you registered now?
@@imdaisy9489 Yes, I actually got May registration at no cost. Card doesn't have any pending charges and I have scheduled my exam.
hmm.. If that option works for me I’d gladly take it but I’m not sure if CFAI will let that pass😭😭 Can you leave a comment here if your registration for May is changed in any way? Really appreciate the help in advance :)
@@imdaisy9489 Give it a shot! Will comment back if anything changes
thanks a lot :)
Mark any update once deferred Feb exam by when do you have to register for any of the upcoming window ?
Because of uncertainty in our place due to COVID, I have deferred my CFA L1 exam scheduled in February 2021 window to a future exam window.
even though there are places available in May 2021 exam window in my chosen centre, I could not schedule my exam with my deferral. At the checkout, the fees shown by the system is USD 1000 instead of USD 0
@Mark Meldrum
Would you happen to know if candidates for the February CBT exam are required to bring an admission ticket with them in addition to their passport? Thank you for your help and your great content.
Am I the only one having a heart attack ?
Same boat XD
I have started having covid now😀😁
3rd time...
Don't get me started
3rd deferral........ Its tuff along with an MBA yaa..!!
Does that prometric company do all the regions? I'm a bit stressed trying to understand if my venue will be available for it's February date. No venues show being affected in Korea, can I assume that I'll be able to write?
Dear Mark, once you pressed the deferred option and opt out from feb, I didn’t see an option to cancel
Hi Dr. Mark,
I am confused about your warning "Each year there are updates to accounting standards. Financial Reporting and Analysis has changed considerably for 2021 and the 2017 content should not be used as a basis for the exam - all Financial Reporting and Analysis videos are new for 2021." below the Financial Reporting and Analysis videos on the website. I seems the videos on your website are still linked to videos published in 2016/17....? Where are the updated videos....? Thanks!
Updated content is under a paid subscription. The disclaimer is for those relying on the free side.
Hi Mark, more of an opinion-based question here but how do you think this deferral option will affect pass rates for the Feb time window? Seems as if averages may be higher since those who aren’t ready will undoubtedly defer.
Most likely.
Has anyone tried paying the extra money to defer to May? Does it work?
I have tried, but it is not working. As I see, there are only July, August, and November deferral options.
What about L2 in Nov'21? I thought there will be another opportunity to take L2.
A L2 exam will be held in November.
But there should be a 6-month gap between any two exams!
@@panagiotisalexandrou8105 Feb-Nov, there's 9-month gap, isn't it?
yes it is
@Mark Meldrum Can I defer the L1 exm from may to august???
Can somebody that defer tell me where I can find the option in the CFA website to defer? I log in into my account and check every possible window in the dashboard and didnt find it
Hello here the instructions: Log in> click "my account" > click CFA program to > click “Defer to a Future Exam.”
@@victoriafranco7384 Hi, thanks for that. Once i deferred, it didn't give me the option to register for the next available. Should wait 24hours to be reflected in the system? Or there is additional path for the registration again?
My exam site is not listed on the site in the description. Does that mean it's active?
Dr Meldrum, the link to extend packages on the website is empty Is it just for people who subscribe the full access?
Hey Mark, What do you think are the chances of the March window getting deferred too? Because i honestly dont think the situation is going to really improve in a month
As a college kid who can't even take the Level II until Feb 2022, a July date doesn't seem that bad.
i agree, its still doable
What about May 2021 Exam Date? I cannot find a date available ? how to process ?
Hey Mark, first of all I love your content and appreciate you putting the time in to make all of these videos. I have a quick question for you. As an individual who wants to learn the CFA material for purely the development of knowledge and financial literacy/application rather than obtaining the charter for leverage in my career, would you recommend any other material to purchase for studying other than either your courses/Kaplan text books for the L2-3 material?
For some background, I have recently passed L1, and without much more detail i have decided to not pursue the CFA designation. I do however thoroughly enjoy the education and studying (minus ethics and some FRA, lol) and I am looking to continue the education on my own time.
Can I ask why you've decided not to finish the tests? The cost is relatively cheap for the designation and if I was going to learn the material anyways I would definitely want the letters behind my name
Jared Benoit yeah definitely! When I started studying for level one, the end goal was to learn the material, not really get the letters. I’m in a pretty lucky situation where current and future job security/income is not an issue and I would not need the letters to progress my career. What drew me to the CFA was the benefits that the education would provide in my approach/understanding of finance as a whole, rather than the career benefits of having the letters. I currently see the freedom of studying on my own time and using the gained hours (from not studying certain material that isn’t as directly applicable to real time scenarios that I deal with on a day to day basis I.e ethics, etc.) to read/study in other areas provides as a more efficient use of my time!
Translation: he’s rich
Does anyone have a clue about May L1?! I don't think I'll be able to take the exam since something has come up unexpectedly. Any help is appreciated. Thanks
You are locked into May. If you want another exam window - you do have to pay for that again.
Hello, I’ve deferred my exams due to Covid symptoms of Feb 22. When will I be able to appear next and do I’ve to pay extra money?
Hi Mark! I am debating between deferring it or taking the exam in Feb. Do you think the pass rates for Feb will be affected by these changes? Also, what minimum percentiles do you think will be good enough to help me decide if I should take it in Feb? I tried to complete a mockup wearing a mask and omg it was so stressful. I appreciate your time!
Hi Mark, I need clarity on the possible road map of writing level 2 and 3 if I choose to November diet to write level 1
L2 in May with L3 in Nov, in 2022
Still haven't received any exam hall ticket for feb ..what to do ?
Hi Mark, for Ontario do you think Nov for level 1 would be your best bet at this point?
and august in my opinion
@Mark Meldrum can i change my exam from August to November? Please guide me about it!
With CFAI, no.
Can someone please confirm that for CBT on exam day we are only suppose to take Passport and Calculator? I remember people mentioning that they used to need exam tickets.. but i couldn't find any reference of this on CFAI website. Please confirm, i want to make sure i have everything as per CFAI requirement.
they will provide you with all information in the next 10 days regarding the ticket
Does this include those in the March window as well
I don't know.
hello till when can we re register for july august and nov?
Hi Mark, when you say that the May 2021 Exam slots are full do you mean for all levels and all levels?
Level 1
How can I extend the course on your site? I have deferred to July
It us automated - see the message at the top of the screen when you login.
@Mark Meldrum
If I defer to August 2021 and manage to pass, will I then be able to sit L2 in February 2022 or may there still be capacity problems which means I could not get onto the L2 sitting in February 2022?
Thanks
Lorcan
Yes, feb for 2022. Can’t be at capacity since registration can’t begin until June.
Hey Mark, I’m planning on taking the Feb Exam (Level 1), but if I fail & retake it in August, will the content/material be the same, or would it be different? Thanks!
I have no choice but to cancel it cause the country's political situation is not stable, due to military coup d'etat in Myanmar. Writing the exam is the least I could think about. So will it they refund this time or only deferral is available ? Also I haven't received mail yet.
Hi Sir,
I had previously registered for June 2020 exams and later re-registered for May 2021 Level 2 exam but I haven't scheduled an appointment for the dates between 25 may - 1st June.
I want to defer my L2 exam to August 2021 because I have another exam to give in May 2021. Is it possible to do so? if yes, how?
Thanks for this, one question though, if I register for another date now, can I change the location after? I might change location before any of the windows but not yet sure.
Registering is a 2 part process. Part 1. - select your window. Part 2, select your Center and date. You can do part 1 without doing part 2 right away.
Can I somehow change a location in February?
i dont think so
Hi Prof. Do you think the L1 exam in Toronto will take place in Feb? It looks like the current lockdown order will last until Feb 11 which is 1 day after the the Feb 10 deadline to reschedule exam. It's a bit disappointing that CFAI set the deadline too soon since now i basically have to gamble instead of preparing well for the exam. Thank you
are casinos open to gamble ?
Hi Mark! Could you clarify please, if I enroll to Aug21 can I change to Nov21 without additional fees? And what’s the deadline if I can do so?
No - I assume you mean with CFAI - once you choose August - you are locked into August.
Hi mark,
Do you think the level 2 candidates appearing in May would face a kind of similar situation?
it depends on the locations and the vaccinations
From the site, it seems like there is no exam planned (L2) in May, 2022. So basically, if L1 is passed in November, L2 can only be taken in August, 2022?
Yes I have the same doubt. Did you get an answer for this?
Mark, how can I deffer L2 from May to August or November?
You cannot.
Is March likely to get the same treatment?
I don't know.
Will the CFAI open exam deferral for level 3 as well? I am currently scheduled for a May exam but want to defer it to a later date.
Not for may at this time. I can't forecast what will happen as may gets closer however.
Sir, did you delete a video you've uploaded recently? I remember that you've said something about the CBT's actual number of questions (160 rather than 180 since there's 20 non-graded question) but I can't seem to find it.
Thank you, sir.
160 actual, 20 test, yes. I put the video private. I compared CTT and IRT since CBT makes IRT possible. I was not clear that this is an evolution and not the case for the next year. So rather than have confusion, I just removed it.
Are these slots on a first come first serve basis? Like if I deregister from the Feb attempt do I need to be worried that July slots are gonna full or they will be available later on after 10th Feb?
First come first serve.
Thanks for such an informative video and guiding students. I had a query regarding this..... Can I defer from february to march window for taking exam....?
Hi Mark. I subscribed to your classes for February exam, but now I have deferred it to August. Will you too give an extension like CFA institute?
We do. Use the Contact us menu option on our site.
I dont know how but i can see option of registering for May. But it needs in the end 1000USD to pay. What do you think? Can it be so that if I pay I can register for May. And for free just from July?
did you pay the 1k to change to may?
Dr. Meldrum, is there an option to purchase only mock exams from your website? Thanks!
Only for level 3. We will introduce a Level 2 option next year, but I don't see offering Level 1 exams outside a subscription for some time.
Hi Mark, thanks a lot for this breakdown! Query I have is, do you know how to actually withdraw from a CFA exam? Non registered CFA accounts still have the option to register for May 2021. My logic is, just withdraw from CFA Feb 2021, and just pay the $1,000 for May but I'm not sure how I withdraw
Just an FYI as I seen this same question being asked by a few below - On the CFA website, there is an option to choose May 2021, but when you actually click into it and go to register, it brings you to a new page and the May option is not available, so yeah, May 2021 Lvl 1 does not appear available for anyone anymore
If I fail in February, I can still enroll for August and keep the same timeline as I would if I deffered, right?
Yes
Confused when they say is full but ask 1k to do may :O
Even I tried that option just of curiosity. Haha. I think people can still appear for May but they have to pay extra 1000 bucks. Only cfa can answer this
Dr. mark
I have to travel to another City to do the exam. If my exam gets cancelled before 18th February and I want to defer the exam until July, can I do it?
It would be costly to be in the city just to wait for the exam
You may want to do that now. If the center is not cancelled, then you must show up.
So if our exam center is not cancelled as of yet and we do not intend to defer what happens?
What if I find out the exam center gets canceled before feb 10?
you might get deferred to march
If you sit for Feb L1 and fail, can you retake in July/August and still sit for L2 in Feb ‘22? Thanks
yes its true
If I write L1 in May, I should be good to write L2 or retake L1 in Nov 2021, correct?
Yes
If i will give july 2021 exam for cfa level 1then when i can take cfa level 2 exam by earliest?
Feb 2022
Hi Mark,
If I deregister for Feb 2021, do I forfeit my registration fee as well and need to pay again to register for May / July / Aug?
No but you can’t select May.
Hi Mark,
I have deferred my exam to July, 2021.
One query though. The website says that I can cancel my exam and get full refund if cancelled till Feb 16, 2021. I am interested in scheduling the exam in May, 2021. So, can I cancel the exam and register for May, 2021 by paying the fees?
@@arpitvyas281 hi
I am intending to do the same.
Do you have any inputs or confirmation from anyone.
@@anithaanumula1484 Hi.
I don't have any additional information to give me enough confidence to make that move. :-(
If i will be clearing level 1 in feb, will i be able to appear for level 2 in November?
Yes
Sir, if I withdraw and don't register for July, August or November. Will I get refund?
If you test centre is cancelled and this is the second time it has happened to you, yes.
@@MarkMeldrum Sir, I didn't get any mail but I am not able to find my center in the link you provided. How can I know if my center is cancelled? Or should I not choose any window for now and wait till Feb exams are over?
The syllabus will be same as 2020 right?
Yes
hello Dr Mark , if i defer my level1 exams to August 2021, will i be able to give Level 2 in February 2022 ?
Yes
Just making sure...I went on my account and it still shows my exam will be on the 28th Feb. I'm assuming that my exam will still take place right? I'm getting anxious 😅
yes
@@financewithmike8512 Thanks!
Can I defer the may21 attempt.
No
If I deferred my Feb exam but changed my mind and wish to take the exam in Feb, is this possible?
Nope, you can’t take the exam in feb once you’ve cancelled.
MARK you are amazing.
I am glad that it happened, I clearly underestimated to amount of work it required and would definitely not be ready for the test. At least I studied the whole curriculum once 😂
Hey Mark, What lectures are the most important in the CFA level 1, to be able to determine stock valuations?
2:58 Probably I hear my first language :) Thanks for the content as usual.
cfa website is crashed for now lol
Thank u
CFAI is trying its best to make money.