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CFA CFA-Level-I Exam Overview:
| Certification Vendor: | CFA Institute |
|---|---|
| Exam Name: | CFA Level I Exam |
| Exam Number: | CFA Level I |
| Exam Duration: | 270 minutes |
| Related Certifications: | CFA Level II CFA Level III |
| Exam Format: | Computer-based testing, Multiple choice (single correct answer) |
| Real Exam Qty: | 180 multiple-choice questions |
| Exam Price: | Approximately USD 900–1,200 (varies by registration timing and region) |
| Certificate Validity Period: | CFA charter does not expire once earned; Level I exam result does not expire for progression rules within CFA program policies |
| Passing Score: | Minimum Passing Score (MPS) is not publicly disclosed |
| Available Languages: | English |
| Recommended Training: | CFA Institute Learning Ecosystem |
| Exam Registration: | CFA Program Registration |
| Sample Questions: | ![]() |
| Exam Way: | Computer-based testing at authorized test centers worldwide (in-person proctored exam) |
| Pre Condition: | Bachelor's degree or final-year undergraduate student (or equivalent education/work experience). Valid international passport required. |
| Official Syllabus URL: | https://www.cfainstitute.org/en/programs/cfa |
CFA CFA-Level-I Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Statement Analysis | 13-17% | - Financial Reporting Standards (IFRS/GAAP) - Income Statement, Balance Sheet, Cash Flow |
| Derivatives | 5-8% | - Options Fundamentals - Forwards and Futures Basics |
| Alternative Investments | 7-10% | - Real Estate and Private Equity - Hedge Funds Overview |
| Ethical and Professional Standards | 15-20% | - Code of Ethics and Standards of Professional Conduct - Ethical Practices in Investment Management |
| Fixed Income | 10-12% | - Fixed Income Risk - Bond Pricing and Yield |
| Corporate Issuers | 8-12% | - Capital Investment Decisions - Cost of Capital |
| Economics | 8-12% | - Microeconomics - Macroeconomics |
| Quantitative Methods | 8-12% | - Statistical Concepts and Probability - Time Value of Money - Sampling and Estimation |
| Portfolio Management and Wealth Planning | 5-8% | - Risk and Return Concepts - Portfolio Construction Basics |
| Equity Investments | 10-12% | - Equity Market Structure - Security Valuation Basics |
CFA Institute CFA Level I Chartered Financial Analyst Exam FAQ — Reliable Answers
Yes — download the free CFA Institute CFA Level I Chartered Financial Analyst demo and inspect the material before buying. Purchases include the right of free updating for 365 days, with latest versions emailed promptly upon release; renew afterward at 50% off.
Approximately USD 900–1,200 (varies by registration timing and region) per attempt, Minimum Passing Score (MPS) is not publicly disclosed to pass. For busy professionals, one prepared attempt beats two rushed ones — work through the 2200 practice questions for the CFA-Level-I exam at ValidVCE first.
The CFA Institute CFA Level I Chartered Financial Analyst blueprint covers 10 domains — including Alternative Investments (7-10%), Corporate Issuers (8-12%), Financial Statement Analysis (13-17%). Budget your limited hours by weighting; the complete outline above lists every subtopic.
Through the vendor's official registration channels:
The CFA Institute CFA Level I Chartered Financial Analyst is delivered Computer-based testing at authorized test centers worldwide (in-person proctored exam) — pick the arrangement that fits your calendar when booking.
The CFA Institute CFA Level I Chartered Financial Analyst is CFA's certification exam for Chartered Financial Analyst (CFA), at the Professional level. It's among the most authoritative credentials in the field — for those aiming at CFA careers, it's the first step. Related credentials include CFA Level II, CFA Level III.
Files arrive by automatic email within a minute of payment — unlimited devices, and 24/7 customer assisting if nothing shows up within 2 hours (check spam). Need an invoice? Email us your company name for a custom invoice made to your demand. If you fail the corresponding CFA-Level-I exam within 60 days of purchase, we process a full refund within 7 days — send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Alternatively, exchange for two equal-value products free.
Bachelor's degree or final-year undergraduate student (or equivalent education/work experience). Valid international passport required. Vendors update eligibility rules over time, so verify the current requirements on the official page (official CFA-Level-I exam page) before registering.
Yes:
Official training teaches; practice proves. After any course, review with the 2200 practice questions for the CFA Institute CFA Level I Chartered Financial Analyst — answers expert-verified.
270 minutes for 180 multiple-choice questions questions. Time-pressed candidates should rehearse the clock: short timed sets on busy days, full simulations on free ones.
CFA Institute CFA Level I Chartered Financial Analyst Sample Questions:
Which statement(s) is/are correct?
I). A value-maximizing firm will raise new capital in a manner consistent with their target capital structure.
II). WACC is based on market values of debt and equity if the target capital structure is unknown.
III). The WACC is the correct cost of capital to use in capital budgeting.
- A. II and III.
- B. I and III). C II and III
- C. I, II and III.
Correct Answer: C 🗳️
Ms. Sweetwater's biology class had a standard deviation of 2.4 on a standardized test, while Ms.
Quincy's biology had a standard deviation of 1.2 on the same test. What can be said about these two classes?
- A. Ms. Sweetwater's class performed twice as well on the test as Ms. Quincy's.
- B. Ms. Sweetwater's class is more homogeneous than Ms. Quincy's.
- C. Ms. Quincy's class is less heterogeneous than Ms. Sweetwater's.
Correct Answer: C 🗳️
The required return of an option-free, 10% coupon, semi-annual pay bond with 12 years to maturity is
10.37%. A 10% coupon, semi-annual pay bond with 12 years to maturity is callable after the fifth year.
Assuming credit quality and other relevant factors are equivalent:
- A. the required return of the callable bond is greater than 10.37%
- B. the required return of the callable bond is less than 10.37%
- C. the required return of the callable bond is equal to 10.37%
Correct Answer: A 🗳️
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A loss on impairment should be recognized when:
- A. replacement cost of the asset has risen
- B. the market value of the specific asset has fallen significantly below the book value.
- C. the carrying value of the specific asset is too low
Correct Answer: B 🗳️
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According to Standards of Professional Conduct, the following are procedures for compliance for one of the Standards of Professional Conduct:
Maintaining current files, of applicable statutes, rules, regulations and important cases in a readily
*
accessible manner.
Keep informed, about any changes of laws.
*
Which Standard of Professional Conduct do these compliance procedures relate to?
- A. Standard VI (B) - Priority of Transactions.
- B. Standard IV (A) - Loyalty.
- C. Standard I (A) - Knowledge of the Law.
Correct Answer: C 🗳️
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