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Exam Prep - CFA Level I Exam

This is the first of three exams offered by the CFA Institute. This exam (in addition to other requirements) must be passed for an individual to become a CFA charter holder. The CFA program is a globally recognized standard for measuring the competence and integrity of financial analysts. Level I focuses on tools and concepts that apply to investment valuation and management.
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Exam Information
Time Limit: 6 hours
Number of Questions: Approximately 240
Passing Score: Determined each year by the CFA Institute.
Passing Rates: As of July 2005, 36% passed Level I.
Format: Multiple Choice
Prerequisites: U.S. Bachelor's degree or equivalent, obtained no later than the 31st of December of the year in which the first exam will be written.
Corequisites: Three years of qualifying work experience must be obtained.
Exam Date(s): June and December
Exam Results: Usually provided within 60 days.
Official Exam Website: CFAInstitute.org

(Click Here for CFA Level II and III exam information)
Exam Online Study Guide
CFA Level 1 Online Study Guide
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Additional Exam Details


To register for the exam, see CFA Institute's registration and enrollment form.
Terms to Know
Frequently Asked Questions
1. When must the required three years of qualifying work experience be completed in order to become a CFA chartholder? View Answer
2. Is there any difference between a Chartered Financial Analyst and a Certified Financial Analyst? View Answer
3. I am interested in pursing the CFA charter, but I do not have a degree in business... View Answer
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