CFA Level 1 – Exam Preparation Guide

If you are a CFA Level 1 exam candidate, this guide will provide you all the information you need to prepare and pass the exam.

The Chartered Financial Analyst (CFA®) is one of the most desired designations for investment professionals and financial analysts. The CFA designation has wide acceptance in the industry and can significantly boost your professional career.

The CFA Program Structure

To become a CFA charter holder an individual is required to pass three exams, which are popularly referred to as CFA Level I, CFA Level II, and CFA Level III. Apart from passing the exam, you are also required to have four years of relevant professional work experience to earn your charter. Only when you have passed all the three levels of the exam and CFA Institute has verified your work experience, you qualify as a regular member and get the right to use the CFA designation.

Note that it’s not necessary to have the work experience before you start the CFA program. You can gain the work experience even while preparing for and writing the exams. You also need to fulfil certain educational requirements.

In this guide we will focus on CFA Level 1 exam and how to prepare for it.

Exam Dates

The CFA Level 1 exam is conducted in June and December every year. The exam day will generally be the first Saturday of the month. The exam registration opens at least 11 months before the exam so you have enough time to make up your mind about the exam; however, it is advised that you register early. CFA institute’s website has a detailed CFA Program Calendar.  Early registration also provides you a discount on the fees.

CFA Level 1 Exam Format

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