Frequently Asked Questions About CFA Level 1 Exam
If you are planning for the CFA level I exam, you may have a few questions which are unanswered. Let’s discuss the most frequently asked question and their answers
What is the CFA charter?
The Chartered Financial Analyst [CFA] is a professional designation administered by CFA Institute. it’s the most respected and recognized investment management program in the world.
How do we get the CFA charter?
To secure the CFA charter, you must pass three levels of the exam in order: Level I, Level II, and Level III.
Is the CFA charter a degree?
It is not a degree.
What To Expect on the CFA Level I Exam?
Students have to answer 180 multiple-choice questions in 4 hours and 30 minutes.
What is the date for Level I of the CFA exam?
The Level I CFA exam is offered multiple times per year
What are the requirements to sit for the CFA exam?
Any student willing to enroll in the CFA Program and register for the Level I exam for the first time must possess an international travel passport.
In addition, candidates must meet one of the following requirements:
- Have earned a bachelor’s (or equivalent) degree or be in their final year of a bachelor’s program
What is the format of Level I of the CFA exam?
The exam format is computer-based with 180 multiple-choice questions. There are two 2 hours and 15-minute session times.
What subjects are covered on the Level I CFA exam?
The Level I exam will cover the following topics:
- Ethical and Professional Standards
- Quantitative Methods
- Economics
- Financial Statement Analysis
- Corporate Issuers
- Equity Investments
- Fixed Income
- Derivatives
- Alternative Investments
- Portfolio Management and Wealth Planning
How much time does it take to study for the exam?
The students who appear for Level I of the CFA exam need to spend a minimum of 300 hours to 500 hours.
How difficult is the CFA Level 1 exam?
It requires dedicated efforts of 300 hours to 500 hours are required to pass the exam.
How is Level I of the exam graded?
CFA Institute then uses a methodology to determine a minimum passing score that is applied to each exam.
What is the Level I CFA exam pass rate?
Approximately 20 to 30% of the students cleared the CFA level 1 exam.
How much does it cost the students for the exam?
Fees for the Level I exam depend on how early you register.
If you are interested in clearing CFA exams, you can contact Nesto Institute, a premier CFA Coaching center in Chennai that helps students crack these exams.