Introduction To CFA Exam Level 1
The following article provides an outline for CFA Exam Level 1. CFA stands for charted financial analyst and is the highest designation in the financial and investment field provided by the CFA Institute. CFA Institute is a globally recognized US-based institute that provides education for the investment field. CFA institute grants CFA charter in investment and financial profession. It takes three levels to complete the CFA. To obtain a CFA charter, the candidate must have to pass all three levels. It requires extensive hard work to pass the CFA exam. Candidates need to become a member of the CFA institute and need to pay annual fees. Institute conducts the level I exam twice a year in the month of June and December. The syllabus mostly focuses on investment tools.
Key Takeaways
- To enter the financial and investment field the CFA charter is the best option.
- Invest management sector is a most respected field and provides more opportunities in the job.
- To get a CFA charter need to pass all three levels of the exam that is level I, level II, and level III.
- CFA level I exam is a computer-based online exam. It is not easy to pass, one needs to strive hard to pass this exam.
Eligibility For Level 1
- To enrolled for the CFA exam candidate should have completed the bachelor’s degree or must be in the final year of the bachelor’s degree and require work experience of four years.
- Work experience should be in investment decision-making.
- Candidate must possess an international passport. Complete the entire process in English.
Registration For Level 1
- Visit the CFA exam to enroll in the CFA exam.
- Pay for the exam by using the “Schedule my exam” option on the CFA website.
Syllabus For CFA Level 1
Candidates need to appear 240 multiple choice questions regarding the below syllabus and need to complete within six hours.
- Quantitative methods
- Corporate finance
- Economics
- Financial reporting and analysis
- Fixed income
- Derivatives
- Equity investments
- Alternative investments
- Ethical and professional standards
- Portfolio management and wealth planning
CFA Level 1 Specialization
Given below shows CFA level 1 specialization:
| Topic | Subtopic | Duration |
| Quantitative Methods |
|
6 Months |
| Corporate Finance |
|
6 Months |
| Economics |
|
6 Months |
| Financial Reporting and Analysis |
|
6 Months |
| Fixed Income |
|
6 Months |
| Derivatives |
|
6 Months |
| Equity Investments |
|
6 Months |
| Alternative Investments |
|
6 Months |
| Ethical and Professional Standards |
|
6 Months |
| Portfolio Management and Wealth Planning |
|
6 Months |
Exam Pattern Of CFA Level 1
Given below is the exam pattern mentioned:
| Sessions | No. of Questions | Duration |
| Morning Session | 90 | 3 Hours |
| Afternoon Session | 90 | 3 Hours |
Important Dates For CFA Level 1
Given below are the important dates for CFA level 1:
For the June session:
| CFA Event- 2021 | CFA Dates- 2021 |
| Last Date of Registration for June 2021 | 20 April 2021 |
| Scheduling Deadline | 11 May 2021 |
| Level I Exam Date | 18 July 2021 to 26 July 2021 |
For the December session:
| CFA Event-2021 | CFA Dates-2021 |
| Registration Starts | 05 February 2021 |
| Early Registration Fee Deadline | 25 March 2021 |
| Standard Registration Fee Deadline | 19 August 2021 |
| Final (Late) Registration Fee Deadline | 09 September 2021 |
| Level I Exam Date | 05 December 2021 |
Conclusion – CFA Exam Level 1
CFA gives the credential in the investment world. CFA emphasizes the professional career with ethical and professional standards.
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This is a guide to CFA Exam Level 1. Here we discuss the introduction, eligibility, registration, syllabus, CFA level 1 specialization, exam pattern, important dates. You can also go through our other suggested articles to learn more –
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