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CFA Level 1 Exam May 2024 - Dates (Out), Result, Registration, Syllabus & Pattern

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CFA Level 1 Exam May 2024 - Dates (Out), Result, Registration, Syllabus & Pattern

Edited By Sansar Singh Chhikara | Updated on Apr 19, 2024 02:40 PM IST | #CFA Exam

The upcoming CFA level 1 May 2024 is scheduled to be held from May 15-21 in online mode. CFA level 1 registrations are also currently open for August 2024 and November 2024 sessions. The last date to register for CFA Level 1 August 2024 is May 14 while the CFA level 1 November 2024 registration would close on August 7, 2024. Candidates can register for CFA level 1 from the official website cfainstitute.org. Earlier, the Chartered Financial Analyst (CFA) Institute had declared the CFA level 1 Feb 2024 result on April 4, 2024 on its official website.

Candidates who successfully registered and completed slot booking would be able to appear in the exam. The CFA exams are conducted in online mode at designated test centres across the country. The institute conducts the exam four times a year in the CFA level 1 exam months of February, May, August and November. Even though CFA Level 1 is held in four sessions, candidates get only two CFA level 1 attempts per year. This is because the institute mandates a gap of at least 6 months between two consecutive appearances in the exam. CFA Level 1 is the entry level exam to become a CFA charterholder. Read ahead to get complete details related to the eligibility criteria, registration process, fees, admission tickets, syllabus, paper pattern and more.

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CFA level 1 2024- Exam Overview

ParticularsDetails

Exam name

Chartered Financial Analyst Exam

Level of exam

National

Conducting Body

The Chartered Financial Analyst Institute

Duration of CFA level 1 exam

Overall time duration is 4.5 hours divided into two equal sessions of 2.15 hours

Frequency of the exam

Four times - February, May, August and November

Mode of the exam

Online computer-based

Language of the exam

English

Enrollment fee

USD 350

Early registration fee

USD 940

Exam website

www.cfainstitute.org

10-year average pass rate

41%

Helpline number

001434-951-5499

What’s New in CFA Exam?

Since 2021, the CFA exams are being conducted in online mode. The CFA Institute has also made a few changes in the paper pattern of CFA Level I with respect to the number of questions asked and the CFA level 1 exam duration . The number of questions has been reduced to 180 MCQs and the time duration has also been decreased.

CFA Level 1 Exam Dates

As outlined above, the CFA level 1 exam 2024 will be conducted four times in a year - February, May, August and November. Candidates who want to appear in the first level of CFA exam should keep themselves updated with the ongoing events to avoid last-minute hassle.

CFA Level 1 2024 - Important Dates

EventsFebruary 2024May 2024August 2024November 2024

Registration Window Opens

May 16, 2023August 15, 2023November 14, 2023February 8, 2024

Scheduling Window Opens

May 16, 2023August 15, 2023November 14, 2023February 8, 2024

Early Registration Deadline

July 13, 2023October 12, 2023January 23, 2024April 16, 2024

Registration Last Date

November 8, 2023February 6, 2024May 14, 2024August 7, 2024

Scheduling window closes on

November 21, 2023February 14, 2023May 21, 2024August 13, 2024

Rescheduling deadline for CFA level 1 exam

January 18, 2024April 15, 2024July 21, 2024October 14, 2023

CFA Exam Dates

February 19-25, 2024May 15-21, 2024August 20-26, 2024November 13-19, 2024

Result Declaration

April 4, 2024To be notifiedTo be notifiedTo be notified
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CFA Level 1 Eligibility Requirement 2024

The CFA Institute provides complete information related to the basic CFA Level 1 eligibility requirements on its official website. The eligibility criteria of CFA Level 1 should be fulfilled by candidates before they fill out the application form. As per the official eligibility requirements, candidates should meet one of the following conditions-

CFA Level 1 Eligbility Criteria

ParticularsDetails
Qualification
  • Have a bachelor’s degree or equivalent program from a recognized university/ college

  • If a candidate is an undergraduate student then he or she must be within 23 months from attaining graduation in order to enrol for the first level of CFA.

  • Should have a combination of higher education (acquired in at least 4 years) and/or work experience (4000 hours)


Other requirements
  • Have a valid international passport

  • Have proficiency in English



CFA Level 1 Registration 2024

Candidates can register for CFA Level 1 in online mode only within the exam date deadlines. Candidates are also allowed to reschedule the exam within the exam window, by paying the rescheduling fee is USD 250. This has to be done before the expiry of the rescheduling deadline.

Steps to register for CFA level 1 exam 2024

Step 1 - Go to the official website - cfainstitute.org

Step 2 - Click on the option “Program” and select the “Register” option from the dropdown menu

Step 3 - Sign up using the email address and create your CFA account

Step 4 - Now log in using the CFA account details such as email address and password

Step 5 - Select CFA level 1 course registration and proceed to fill out the application form

Step 6 - Make payment as per the CFA level 1 registration fee

Step 7 - Download the confirmation receipt and save it for future reference

CFA level 1 Fees 2024

The fees for CFA Level 1 registration vary according to the time of registration. Candidates who are early birds and register within the early registration deadline have to pay less fees as compared to those who register at a later deadline.

CFA Level I Registration Fee

ParticularsFees

CFA level 1 enrollment fee

USD 350

Early registration fee

USD 900

Standard registration fee

USD 1200

Late registration fee

USD 1450

Rescheduling feeUSD 250

CFA Level 1 Exam Pattern 2024

CFA Institute provides all details about the CFA Level 1 exam pattern on its official website. These details include the mode of the CFA level 1 exam, total time duration, number of questions asked, language, marking scheme and other relevant information. Before commencing their preparation, candidates should carefully study the exam pattern.

CFA Level 1 Paper Pattern

ParticularsDetails

Medium of exam

English

Number and type of questions

180 Multiple choice questions divided into two equal sessions

Duration of exam

4.5 hours (2.25 hours each session)

Marking scheme

No negative marking

Mode of exam

Computer-based

CFA Level 1 Syllabus

The CFA syllabus for all levels includes common subjects. However, the syllabus differs in terms of the weight placed on each of the subjects. There are 10 subject areas which form the CFA Level 1 syllabus.

CFA Level I Subjects and Weightage

SubjectAimWeight

Ethical and Professional Standards

  • Help students understand ethics and related challenges to ethical behavior.

  • Know the about the role that ethics and professionalism play in the investment industry

15-20%

Quantitative Methods

Exploring about quantitative concepts and techniques used in financial analysis; investment decision making

8-12%

Economics


  • To analyse the fundamental concepts of supply and demand

  • Understand various market structures, macroeconomic concepts and principles

8-12%
Financial Statement Analysis
  • Aims to provide thorough explanation of financial reporting procedures

  • Understand the standards that govern the financial reporting disclosures

13-17%

Corporate Issuers/ Finance

  • Introduction to corporate governance

  • Know the growing impact of environmental and social considerations in investing

8-12%

Equity Investments


  • Understand the workings of equity investments, security markets, and indexes

  • Know how to analyze industries, companies, and equity securities as well as the use of basic equity valuation models

10-12%

Fixed Income

  • Learn about the fixed income securities and their yield measures, risk factors, markets, and valuation measurements.

  • Calculating yields, the securitization of assets, fixed income securities, bond returns and risks, credit analysis.

10-12%

Derivatives

  • Valuation concepts such as forwards, futures, swaps, and contingent claims

  • Learn about the conceptual framework related to derivatives and derivative markets

5-8%

Alternative Investments

Know about edge funds, private equity, real estate, commodities, and infrastructure

5-8%

Portfolio Management and Wealth Planning

Learn about the fundamentals of portfolio and risk management

5-8%
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CFA Level 1 Study Material 2024

Candidates registered for the first level of CFA exam can use the official study material of CFA Level 1 to boost their exam preparation. Candidates can also purchase preparatory material after paying the required amount from the official website. The CFA Level 1 study material helps candidates gain access to a variety of resources and study tools. It's important for aspirants to revise and solve mock tests during this final lap as this will significantly improve speed and performance during the exam. Some of the official exam prep providers with whom CFA institute has tied up with include Analyst Prep, BPP Professional Education, Bloomberg Exam Prep, Edge Designation, and more. Apart from the CFA curriculum, practice questions, mock exams, most of the CFA preparation resources are paid. Students can also get the past year question papers of CFA from the official website with an additional purchase.

Preparatory Tips for CFA level 1 exam

To prepare a study plan for CFA level I exam, candidates should first figure out the paper pattern, the syllabus to be covered as well as the available study material. How to prepare for CFA level 1 exam remains a question if you do not have knowledge about the sources of the preparation material. Hence, candidates preparing for CFA level 1 exam should check the official study material, and previous question papers, and solve official mock tests to get good results.

Resources Available for CFA Level 1 Preparation

CFA Institute provides various resources to help students prepare for the CFA Level 1 exam. Here are some useful resources candidates can refer to for CFA Level 1 preparation:

  • CFA program curriculum
  • CFA Institute online mock exam
  • CFA Institute learning ecosystem (LES)
  • CFA Program approved prep providers
  • CFA Program Practice Pack (additional purchase necessary)
  • Study groups
  • CFA Program curriculum end-of-reading practice problems

CFA Level 1 Admission Ticket 2024

Once the registration, scheduling and rescheduling dates of a session are over, the CFA Institute releases the CFA admission ticket. Candidates can download their CFA level 1 admission ticket from their CFA account. On the day of the exam, it is mandatory for all candidates to carry their admit cards in physical form.

Details mentioned on the CFA level I admission ticket:

  • Candidate’s name

  • CFA Institute ID number

  • Passport expiration date and last four characters of your passport number

  • Exam date (as selected by the candidate)

  • Complete details of the CFA test centre

  • Reporting time

  • Basic guidelines to be followed

CFA Level 1 Exam Centres 2024

The locations where the CFA exams will be conducted are referred as the CFA exam centres. CFA Level 1 exam are conducted at over 400 test locations. The CFA Institute uploads the exam centre list in PDF format on its official website. The institute had added new CFA exam locations at Surat, Ranchi, Nagpur, Coimbatore, Noida, Visakhapatnam and Raipur for November 2023 session. The CFA level 1 exam centres in India for 2024 are listed below. Any changes in the list will be updated here-

CFA Level I 2024 Exam Centres

Test Centres

Ahmedabad

Jaipur

Bengaluru

Kolkata

Bhopal

Lucknow

Kochi

Chennai

Hyderabad

Mumbai

Indore

Guwahati

BhubaneshwarChandigarh

New Delhi

Pune

SuratRanchi
NagpurCoimbatore
NoidaVisakhapatnam
Raipur

CFA Level 1 Result 2024

The CFA institute will declare the CFA level 1 May 2024 results tentatively 45 days after the exam. It had declared the CFA result for CFA Level 1 February 2024 on April 4, 2024. Once a single exam session is over, the CFA Institute releases the result within 5-7 weeks after conducting the exam. Candidates can check their CFA Level 1 results on the official website by logging into their registered accounts. CFA Institute also notifies candidates on their registered email address and phone number after the result is released.

How to check the result?

Step 1 - Login to the official website of CFA - www.cfainstitute.org

Step 2 - Click on the result option

Step 3 - Detailed result will be displayed on the screen

Step 4 - Download and print the result for future reference

Frequently Asked Question (FAQs)

1. Is CFA tougher than MBA?

CFA course is different from a professional MBA degree as it requires more accounting knowledge. CFA focuses more on mathematical aspects.

2. What is the rescheduling fees for CFA Level 1 exam?

The exam rescheduling fee for 2024 exam is USD 250.

3. Why are the CFA exams expensive?

CFA exams are expensive as compared to other exams because there are three comprehensive exams in the CFA course.

4. How many times CFA Level 1 exam conducted in a year?

As per the official website, the CFA level 1 exam will be conducted four times in a year- February, May, August and November.

5. When is CFA Level 1 exam held?

CFA Level 1 exam is held in the months of February, May, August, and November.

6. When will CFA level 1 results be released?

CFA level 1 results are released after around 5-7 weeks days of completion of the exam. 

7. What is the overall duration of CFA level 1 exam?

The overall time duration of CFA level 1 exam is 4.5 hours which is divided into two sessions. Candidates can also avail a 30 minutes optional break between both sessions.

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Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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