Level I CFA focus on the tools and concepts related to investment valuation and portfolio management, as well as an overview of how these processes fit within the guidelines of the CFA Institute code of ethics and standards of professionnal conduct.
Topic Weights of the CFA Level I 2023 exam
- Ethical and professionnal standards : 15-20%
- Quantitative Methods : 8-12%
- Economics : 8-12%
- Financial Reporting/Statement Analysis : 13-17%
- Corporate Finance/issuers : 8-12%
- Equity Investments : 10-12%
- Fixed Income : 10-12%
- Derivatives : 5-8%
- Alternative Investments : 5-8%
- Portfolio Management and Wealth Plannning : 5-8%
Topic Weights of the CFA Level I 2024 exam
- Ethical and professionnal standards : 15-20%
- Quantitative Methods : 6-9%
- Economics : 6-9%
- Financial Reporting/Statement Analysis : 11-14%
- Corporate Finance/issuers : 6-9%
- Equity Investments : 11-14%
- Fixed Income : 11-14%
- Derivatives : 5-8%
- Alternative Investments : 7-10%
- Portfolio Management and Wealth Plannning : 8-12%
You can take the exam four times per year :
February, May, August and November
.
Format of the CFA Level I exam
- 2 sessions of 2 hours and 15 minutes with one optional break :
-
- During the 1 session, ethics
& professional standards, quantitative methods, economics, and financial
statement analysis are assessed.
- During the 2nd session, corporate issuers, equity,
fixed income, derivatives, alternative investments and portfolio management are assessed.
- Computer-based and multiple-choice (3 options)
- 180 equally weighted questions (2 times 90 per questions)
In addition to your exam, you will be asked to complete a practical skills module that will take you around 10 to 15 hours. You will have to choose one topic between financial modeling, analyst skills and python programming. It will be mandatory to complete the practical skills module before receiving your results (you have no more than 90 days after day of results).
All our courses and study material are designed to cover all the topics of the CFA curriculum from CFA Institute and prepare you for the actual format of the exams :
