CFA Level 1

Avatto > > CFA Level 1

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 next upcoming CFA Level 1 exam window is scheduled to take place from November 11 to November 17, 2026.

Registration

ongoing
Open Date: 5 May 2026
Close Date: 5 November 2026
Message: Registration for the February 2027 CFA Level 1 exam session is currently ongoing and will close on November 5, 2026.

Result & Answer Key

Message: Results for the August 2026 CFA Level 1 examination were officially released on September 24, 2026.

Latest Updates & News

CFA Institute Community Highlights Support for Next-Generation Talent

CFA Institute highlighted new community and scholarship initiatives aimed at supporting candidates preparing for upcoming CFA Level 1 examinations.

CFA Institute Reports Results for August 2026 Exams

CFA Institute released candidate performance metrics and pass rates for August 2026 testing sessions, following the Level 1 score releases on September 24.

Updates Announced to CFA Program Level 1 Curriculum

CFA Institute announced updates to Quantitative Methods and Equity Investments topic areas affecting candidates taking Level 1 exams starting February 2027.

CFA Institute Policy Update on Exam Deferrals

CFA Institute confirmed that starting with February 2027 exam cycles, paid deferrals will be eliminated to promote consistent exam schedules.

Ready to Test Your Knowledge?

Don't just read the syllabus master it. Access our database of hundreds of free interactive practice questions.

Launch Practice Questions Launch Quiz

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

📋

Complete Syllabus Breakdown

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

CFA LEVEL 1

Timeline
31 October 2026
ANNOUNCED
📢

Rescheduling Deadline for November 2026 Exam

📅
31 October 2026
3 November 2026
ANNOUNCED
📢

Registration Opens for August 2027 Exam

📅
3 November 2026
5 November 2026
ANNOUNCED
📢

Registration Closes for February 2027 Exam

📅
5 November 2026
10 November 2026
ANNOUNCED
📢

Scheduling Deadline for February 2027 Exam

📅
10 November 2026
11 November 2026
ANNOUNCED
📢

November 2026 Exam Window Begins

📅
11 November 2026
10 February 2027
ANNOUNCED
📢

Standard Registration Deadline for May 2027 Exam

📅
10 February 2027
22 February 2027
ANNOUNCED
📢

February 2027 Exam Window Begins

📅
22 February 2027
11 May 2027
ANNOUNCED
📢

May 2027 Exam Window Begins

📅
11 May 2027
Fees
Announced
Category
Fee (USD)
Early Registration Fee
₹1,140
Standard Registration Fee
₹1,490
One-Time Enrollment Fee
₹0
Payment Mode
Credit Card, Alipay, UnionPay, WeChat Pay, Wire Transfer, Invoice
Cut Offs
Year: 2026
Message: CFA Institute does not publish a fixed numerical cut-off score. Candidates must achieve a score equal to or exceeding the Minimum Passing Score (MPS) set by the Board of Governors for each exam administration.