CFA LEVEL I UPDATED 2025 MOCK EXAM (LIKE REAL)
NEW 2025, CFA Level I, Practice Exam, Financial analyst, Financial analysis
CFA LEVEL I UPDATED 2025 MOCK EXAM (LIKE REAL) udemy course free download
NEW 2025, CFA Level I, Practice Exam, Financial analyst, Financial analysis
NEW 2025 - CFA Level I
The CFA exam as a whole is difficult by design. It’s an exclusive designation that truly demonstrates mastery. According to CFA Institute, Level I has the lowest pass rate of all the exams, at just 41%, and the average candidate spends 303 hours preparing.
85% of those who passed the CFA Level I exam used an exam prep provider to help them prepare
71% of CFA Level I exam takers agree that the CFA curriculum is valuable in their career after having passed their exam
Level I curriculum topics and weights
The curriculum is organized into topics, and each topic contains learning modules. There are learning outcome statements at the beginning of each learning module.
Session 1: Topic Exam weight
1 Ethical and Professional Standards 15-20%
1 Quantitative Methods 6-9%
1 Economics 6-9%
1 Financial Statement Analysis 11-14%
1 Corporate Issuers 6-9%
Session 2: Topic Exam weight
2 Equity Investments 11-14%
2 Fixed Income 11-14%
2 Derivatives 5–8%
2 Alternative Investments 7-10%
2 Portfolio Management 8-12%
Level I exam format, structure, and duration
The CFA Level I exam consists of multiple-choice questions. Familiarizing yourself with the format will help you approach the exam efficiently, manage your time effectively, and avoid common pitfalls to maximize your performance.
The Level I exam consists of 180 multiple choice questions, split between two 135-minute sessions (session times are approximate).
The are two 135-minute sessions (session times are approximate), with an optional break between sessions.
Each multiple-choice item on the CFA Level I exam consists of a stem (a question, a statement, and/or table) as well as three answer choices (A, B, or C).
Two basic formats are used:
Sentence completion with three unique choices
Questions with three unique choices.
The Level I CFA exam does not use ‘except’, ‘true’, or ‘false’ in items and avoids the use of ‘not’ whenever possible. When appropriate, question stems will include one of the following qualifiers: ‘most likely’, ‘least likely’, ‘best described’, ‘most appropriate’, ‘most accurate’, ‘least appropriate’, or ‘least accurate’. Each question stem supports only one item on the exam.
The Level I CFA exam does not use any of the following answer options: ‘all of the above’, ‘none of the above’, ‘A and B only’, ‘B and C only’, ‘A and C only’, ‘cannot determine’, ‘cannot calculate’, or ‘not enough information to determine’. Choices consisting of words or sentences are typically ordered from shortest to longest; choices that are quantitative are ordered from the smallest number to largest number. The choices agree grammatically with the question stem; language common to all choices is placed in the question stem.
How do I qualify for the CFA Level 1 exam?
To qualify for the CFA Level 1 exam, candidates must meet certain eligibility requirements. You need to either hold a bachelor’s degree or be in the final year of your undergraduate program. Alternatively, candidates with at least 4,000 hours of relevant work experience, accumulated over a period of three years, can also qualify. Make sure to register by the CFA Level 1 registration deadline and stay aware of other important CFA deadlines as you plan your exam journey.
