description CFA Level I Overview
The CFA Level I examination is a globally recognized professional certification offered by the CFA Institute. It tests an individual’s foundational knowledge of investment principles including financial analysis, asset valuation, portfolio management, and wealth planning. The exam is designed for aspiring finance professionals, students pursuing related degrees, and those seeking to demonstrate competence in investment management practices. Successful completion validates expertise within the investment industry.
help CFA Level I FAQ
What topics are covered on the CFA Level I exam?
The CFA Level I exam covers ten topic areas including Ethics, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management. The curriculum is set by the CFA Institute and emphasizes foundational knowledge of investment tools and concepts.
How many questions are on the CFA Level I exam?
The CFA Level I exam consists of 180 multiple-choice questions divided into two sessions of 90 questions each. Since transitioning from paper-based to computer-based testing, the exam is administered in two roughly 2-hour-and-15-minute sessions on the same day.
How often is the CFA Level I exam offered each year?
Since the move to computer-based testing, the CFA Level I exam is offered during multiple testing windows throughout the year rather than the traditional single June sitting. Candidates should consult the CFA Institute website for current registration deadlines and available dates, as the schedule is periodically updated.
What is the typical pass rate for CFA Level I?
CFA Level I pass rates have historically hovered around 40 to 45 percent, though they dropped noticeably lower during exam sittings in 2021 and 2022. The CFA Institute publishes official pass rates after each exam window, and rates can vary meaningfully from one cycle to the next.
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