The CFP Board has announced that starting in November 2014, the national Board Exam will be computerized and shortened to 6 hours. The current exam is given over a two-day period, totaling 10 hours, and on a scantron.
An ongoing concern of the CFP Board has been the number of students in Approved Educational Programs who choose not to take the Board Exam. Shortening the exam and switching to a computer delivery is intended to help stem that tide.
Other important points:
- The exam will now be 6 hours – all taken in one day
- The number of questions has been reduced from 285 to 170
- There will be 250 testing locations across the country
- Each testing window will be 5 days long
- Preliminary results will be immediately available, with final results available within 1-2 weeks
To learn more, you can visit the CFP Board’s FAQ on the change.