What does CFA Level 1 consist of?

The Level I exam consists of 180 multiple choice questions, split between two 135-minute sessions (session times are approximate). There is an optional break between sessions. Candidates must take both sessions to receive an exam result.

What are the 10 subjects in CFA Level 1?

All 10 Level 1 CFA Exam Topics

  • Ethical and Professional Standards.
  • Quantitative Methods.
  • Economics.
  • Financial and Reporting Analysis*
  • Corporate Finance*
  • Equity Investments.
  • Fixed Income.
  • Derivative Investments.

How hard is the CFA Level 1?

#1. CFA exams are not easy, and Level 1 is just the start. Commonly cited as one of the world’s hardest exams, CFA Level 1’s difficulty is comparable to a diploma level and gets harder from then on. But I didn’t know that it’s never-seen-before-and-by-the-way-you-could-definitely-fail tough.

What order should I study CFA Level 1?

What Is The Best CFA Level 1 Study Order? [2022]

  1. 1st: Quantitative Methods (1st part, 8-12% exam weight)
  2. 2nd: Financial Reporting and Analysis (13-17% exam weight)
  3. 3rd: Fixed Income (10-12% exam weight)
  4. 4th: Equity (10-12% exam weight)
  5. 5th: Alternative Investments (5-8% exam weight)
  6. 6th: Derivatives (5-8% exam weight)

Is CFA exam open book?

The actual CFA exam is not an open-book exam. So when you’re practicing for it, stick to the same rules. Practice at answering the questions without help: there’ll be plenty of time for review and learning up later.

Is maths compulsory for CFA?

You can’t pass the CFA exams without any math. But the CFA Program might help you get better at it.

Does CFA Level 1 expire?

CFA certificate validity doesn’t expire. After you pass Level 1, you can take your time working up to passing Levels 2 and 3.

Can I study CFA in 3 months?

CFA candidates usually start preparing from 6 to 4 months before their exam. However, this does not mean 3 months are not enough. What’s important though is that you’ll need to study almost every day! On average, it takes about 300 study hrs to prepare for the CFA level 1 exam.

Is CFA MCQ based?

The Level 1 CFA® exam is conducted in two sessions, each 2 hours 15 min long. It consists of 180 multiple-choice questions in two sessions of 90 questions each. The questions are designed based on the topic weightages given in the CFA® Level 1 Exam Syllabus, with very slight deviation.