What to Expect on CFA Exam Day

The day of the CFA exam is quickly approaching and I am getting questions from candidates about what to expect on that first Saturday in June. The CFA Institute has a page on its website that outlines the day’s structure but I thought I would walk you through it and provide some additional insight.

Your CFA Exam Day Begins

The day of the CFA exam is fairly straight-forward and simple. Most testing sites open their doors hours before registration begins. Getting to the testing facility early is a great opportunity to sit back and relax, study your flash cards or get to know some of the other candidates. Don’t overlook this networking opportunity!
Wear comfortable and layered clothes for the CFA exam. This is no time to impress people by wearing a three-piece suit. You do not know how warm it will be in the exam room. Many will have the air conditioner working and some will have it turned up too high. Dress in layers that can be removed depending on the inside temperature.
Before 8am, you will be allowed to check-in for the exam. This is basically just telling them you are there and presenting your identification. You will still need to present your admission ticket and ID to get into the testing room later.
At 8am, candidates will line up to enter the testing room and find their seats. You will leave all your personal belongings outside the testing room so either don’t bring anything valuable or leave it somewhere safe. Check the CFA Institute website for what you can and cannot take into the testing room.
The exam rules will be read at 8:30 am. It is extremely important that you pay attention and be patient. Do not open your exam book or do anything until told to do so. You will be given a candidate pledge and reminded of the CFA Institute’s strict code of ethics, after which you will sign the pledge.
At 9am, testing will begin. You are allowed to use the restroom while testing but it will still count against your time. Better to use the restroom before the exam begins, especially if you are a coffee drinker.
Do not ask the exam administrators any CFA-related questions. They have been hired to proctor the exams and most likely know nothing about the CFA other than how to conduct the exam.
If you finish the session early, you are allowed to leave the testing room. If you are still testing at 11:30am, you must stay until everyone is dismissed at noon.
The exam administrators will verbally notify the room when there are 30 minutes and 15 minutes remaining. In addition, they may note the time remaining on a whiteboard at 30 minute intervals.
The afternoon session is exactly like the morning session. You will begin the check-in at 1pm and the announcements will begin at 1:30pm. The test will begin at 2pm and go until 5pm.
Remember, you must sit for both morning and afternoon sessions for your exam to be valid. You are allowed to leave the test site for lunch but do not go too far. Eat a moderate-sized lunch so you are not too hungry but not too full for the afternoon session.
While you will want to talk to other candidates, resist the urge to talk about specific exam details. There are plenty of other things to talk about besides the exam and many candidates will be nervous enough without discussing it anyway.
By this time in your life, you have sat for countless exams. The CFA exam is really no different other than perhaps a little longer. The best thing you can do for exam day is try to relax. Staying calm and confident will actually help you recall the curriculum and pass the exam.

Being ready for CFA Exam Day Problems

We posted an article last November, what you need in your CFA Exam Emergency Preparedness which is definitely worth your time to look over. Most candidates have their basic exam resources ready but fail to have what-if resources available. It is unlikely that you’ll ever need any kind of emergency resources, I didn’t in the three years I took the exams, but that worst case, what-if scenario should be enough to convince you to take the time.

  • Admission tickets are now available on the CFA Institute page linked above. I always printed out two copies in case something happened to one of them.
  • Bring at least three or four pencils, all pre-sharpened. You probably won’t need more than one or two but it is nice to have them ready and not spend time sharpening.
  • Bring an extra calculator battery and screwdriver. Better yet, just bring an extra calculator to save yourself the time of changing out a battery.
  • Bring ear plugs just in case something threatens to distract you at the test site.

Don’t wait until the day before or even a few days before the CFA exam to plan your day. This day is too important and you cannot afford to let anything go wrong. Besides making sure you get to the exam as planned, putting everything together will really help to lower your stress level on the day of the big test. You are going to be nervous enough with the CFA exam itself, don’t add to it by worrying about logistics.
‘til next time, happy studyin’
Joseph Hogue, CFA

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