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CFA® Program - Level I

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Curriculum Contents

Topic Weight Functional Area
Ethical & Professional Standards 15 - 20% Ethical & Professional Standards
Quantitative Methods 8 - 12% Tools
Economics 8 - 12%
Financial Statement Analysis 13 - 17%
Corporate Issuers 8 - 12% Portfolio Management & Analysis
Portfolio Management 5 - 8%
Equity Investments 10 - 12% Assets
Fixed Income 10 - 12%
Derivatives 5 - 8%
Alternative Investments 5 - 8%
Level I

Exam Format

Learn key information related to the CFA program

The level i exam is 100% multiple choice 180 questions. and as of xxx is completely computer based. our platform mirrors the layout and feel of the exam so you are comfortable with all the functionality come exam day.

Specially tailored for CFA candidates - all free. Sign up to stay informed of upcoming webinars.

Computer Based Testing

Exam Dates

Feb 2023 - Level I

  • Deadline to register with invoice payment option
    17 Sep 2022
  • Registration Closes
    08 Nov 2022
  • Scheduling Deadline
    16 Nov 2022
  • Rescheduling Deadline
    13 Jan 2023
  • CFA Exam Dates
    14 - 20 Feb 2023

May 2023 - Level I

  • Registration and Scheduling Window Opens
    09 Aug 2022
  • Early Registration Deadline
    09 Nov 2022
  • Deadline to register with invoice payment option
    17 Dec 2022
  • Registration Closes
    31 Jan 2023
  • Scheduling Deadline
    15 Feb 2023
  • Rescheduling Deadline
    14 Apr 2023
  • CFA Exam Dates
    16 - 22 May 2023

Aug 2023 - Level I

  • Registration and Scheduling Window Opens
    14 Nov 2022
  • Early Registration Deadline
    1 Feb 2023
  • Deadline to register with invoice payment option
    25 Mar 2023
  • Registration Closes
    09 May 2023
  • Scheduling Deadline
    24 May 2023
  • Rescheduling Deadline
    21 Jul 2023
  • CFA Exam Dates
    22 - 28 Aug 2023

Nov 2023 - Level I

  • Exam Dates Not Yet Released
Consult the CFA Institute for updates, registration and additional exam dates.
Level I

Level I Study Packages

 
Elite
starting from
$699
Recommended
Premium
starting from
$399
 
Deluxe
starting from
$299
Overview
Most exclusive with top features
Recommended for most first time candidates
Our base package but still comprehensive
Four
Three
Two
Progress Feedback
Enhanced Analytics
Analytics Dashboard
Passguard Exclusive
Until Pass
One Renewal
50%
25%
Limited
Yes
Yes
Level I Exam Date Options
Feb 2023
$699
1 slot(s) remaining
May 2023
$699
 
Aug 2023
$699
 
Nov 2023
$699
 
Learn More
Feb 2023
$399
Sold out
May 2023
$399
 
Nov 2023
$399
 
Learn More
Feb 2023
$299
 
May 2023
$299
 
Nov 2023
$299
 
Learn More

FAQ - Level I

The CFA Level I exam covers 10 topic areas:
Topic Weight Functional Area
Ethical & Professional Standards 15 - 20% Ethical & Professional Standards
Quantitative Methods 8 - 12% Tools
Economics 8 - 12%
Financial Statement Analysis 13 - 17%
Corporate Issuers 8 - 12% Portfolio Management & Analysis
Portfolio Management 5 - 8%
Equity Investments 10 - 12% Assets
Fixed Income 10 - 12%
Derivatives 5 - 8%
Alternative Investments 5 - 8%
Level I
300 hours recommended

According to a recent survey conducted by the CFA Institute the average study hours of CFA Level I candidates was 303 hours.

Level I

As of 2021, the CFA Institute transitioned to a computer-based format for the Level I exam.

It continues to be a multiple choice (three-option) format, which consists of 180 multiple choice questions split between two 2 hour & 15 minute sessions. The sessions are split by an optional 30-minute break.

  • First session (90 questions) covers ethics & professional standards, quantitative methods, economics, and financial statement analysis
  • Second session (90 questions) covers corporate issuers, equity, fixed income, derivatives, alternative investments and portfolio management

Overall this gives candidates an average of 90 seconds to answer each question. Candidates are not penalized for incorrect answers.

The exam is conducted in english language only.

Level I
The CFA Level I exam is conducted four times a year, during the following months:
  • February
  • May
  • August
  • November

For additional Level I exam dates see here or refer directly to the institute website: CFA Institute

Level I

The following outlines the registration deadlines for the scheduled upcoming CFA Level I exams:

Exam Sitting Registration Deadline Exam Dates
Feb 2023 Nov 8, 2022 Feb 14 - 20, 2023
May 2023 Jan 31, 2023 May 16 - 22, 2023
Aug 2023 May 9, 2023 Aug 22 - 28, 2023
Nov 2023 TBD TBD

For additional Level I exam dates see here or refer directly to the institute website: CFA Institute

Level I

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