The Level I curriculum sets the foundation but covers a lot of material - across ten topics and 70 learning modules.
Check out our comprehensive study package options which include everything needed to prepare and accomplish the goal of passing the exam.
|Ethical and Professional Standards||15 - 20%||Ethical and Professional Standards|
|Quantitative Methods||8 - 12%||Tools|
|Economics||8 - 12%|
|Financial Statement Analysis||13 - 17%|
|Corporate Issuers||8 - 12%||Portfolio Management and Analysis|
|Portfolio Management||5 - 8%|
|Equity Investments||10 - 12%||Assets|
|Fixed Income||10 - 12%|
|Derivatives||5 - 8%|
|Alternative Investments||5 - 8%|
According to a recent survey conducted by the CFA Institute the average study hours of CFA Level I candidates was 303 hours.
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.
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.
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|