CFA Level 1

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CFA Level 1

CFA Level I builds a strong foundation in investment analysis, financial reporting, ethics, and portfolio management. It enhances analytical and financial skills, improves career prospects, and prepares candidates for roles in investment banking, asset management, and equity research.

Next Exam

announced

Date: 11 November 2026

Message: The upcoming CFA Level 1 November 2026 exam window is scheduled for November 11–17, 2026.

Registration

ongoing

Open Date: 5 May 2026

Close Date: 5 November 2026

Message: Registration for the CFA Level 1 February 2027 exam window is currently open and will close on November 5, 2026.

Official Websites:

https://www.cfainstitute.org

Result & Answer Key

Message: The results for the August 2026 CFA Level 1 exam were officially released on September 24, 2026, with a global pass rate of 43%.

Latest Updates & News

CFA Institute Reports August 2026 Level I Exam Results

CFA Institute announced that 43 percent of the 28,145 candidates who sat for the CFA Level I exam in August 2026 have passed. The pass rate for first-time takers stood at 49 percent.

CFA Program Registration Opens for May 2027 Session

Registration for the May 2027 CFA Level I exam window is now officially open. Early registration is available until October 14, 2026.

CFA Program Registration Opens for February 2027 Session

Registration for the February 2027 CFA Level I exam window is officially open. Standard registration will run until November 5, 2026.

CFA Institute Reports 45 Percent Pass Rate for February 2026 Level I Exam

Out of 24,006 candidates who sat for the February 2026 Level I exam, 45 percent passed, exceeding the 10-year historical average of 40 percent.

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Eligibility

Graduation

Bachelor's degree OR
Undergraduate student can register if chosen Level I exam window is within 23 months of your expected graduation month. OR
A combination of 4,000 hours of professional work experience and/or higher education completed over at least 3 consecutive years before registering for Level I.
The work experience does not need to be finance or investment related.
Paid inteship / article ships may qualify if they meet CFA institute's criteria.

Valid Passport

A valid interational passport that exactly matches your CFA Institute registration details.

Eligible Country

Candidate must reside in a country where the CFA Institute is permitted to operate

Paper Pattern

CFA LEVEL I

180 MCQ Questions

Equal Weightage Marks per Question

270 min Duration

CBT Type

No Negative Marking

Key Information

2 Total Sessions

90 MCQ per Session

180 MCQs Total

135 minutes Duration per Session

30 Minutes between two Sessions Optional Break

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Complete Syllabus Breakdown

Click on individual units below to reveal the specific topics and underlying concepts.

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11 May 2027

Fees

Announced