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CFA Level 1 May 2025: CFA Institute has declared the CFA Level 1 exam dates for all 2025 exams on its website. The upcoming CFA level 1 May 2025 exams will be conducted from May 14 to 20, 2025. Meanwhile, the CFA level 1 Feb 2025 results were declared on April 3, 2025, seeing a rise in pass rate to 45%. On the other hand candidates planning to appear for the CFA Level 1 August 2025 must note that the last date to register is on May 6, 2025. The scheduling window for CFA August 2025 Level 1 is open till May 13, 2025. Aspirants intending to reschdule their exam dates can do so by paying the rescheduling fee of USD 250. The CFA Level 1 Exam Dates for August 2025 session fall between August 20 to 26, 2025 .
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The CFA exams are conducted in online mode at designated test centres across the country. Candidates who successfully registered and completed slot booking would be able to appear in the exam. 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.
Particulars | Details |
---|---|
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 990 |
Exam website | www.cfainstitute.org |
10-year average pass rate | 41% |
Helpline number | 001434-951-5499 |
As outlined above, the CFA level 1 exam 2025 are 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.
Events | February 2025 | May 2025 | August 2025 | November 2025 |
---|---|---|---|---|
Registration Window Opens | May 9, 2024 | August 8, 2024 | November 6, 2023 | February 12, 2025 |
Scheduling Window Opens | May 9, 2024 | August 8, 2024 | November 6, 2023 | February 12, 2025 |
Early Registration Deadline | July 9, 2024 | October 16, 2024 | January 29, 2025 | April 9, 2025 |
Invoice Payment Deadline | September 28, 2024 | December 28, 2024 | March 27, 2025 | June 26, 2025 |
Registration Closes on | November 7, 2024 | February 6, 2025 | May 6, 2025 | August 5, 2025 |
Scheduling Last Date | November 12, 2024 | February 11, 2025 | May 13, 2025 | August 12, 2025 |
Rescheduling deadline for CFA Level 1 exam | January 18, 2025 | April 14, 2025 | July 21, 2025 | November 1, 2025 |
CFA Exam Dates | February 17-23, 2025 | May 14-20, 2025 | August 20-26, 2025 | November 12-18, 2025 |
CFA Level 1 Result Date | April 3, 2025 | TBA | TBA | TBA |
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-
Particulars | Details |
---|---|
Qualification |
|
Other requirements |
|
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.
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
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.
Particulars | Fees |
---|---|
CFA level 1 enrollment fee | USD 350 |
Early registration fee | USD 990 |
Standard registration fee | USD 1290 |
Rescheduling fee | USD 250 |
Meanwhile, the CFA Institute has announced that the CFA exam fee will change from the upcoming February 2026. In the CFA exam price changes, the CFA Level 1 enrolment fee has been removed and the prices for early-bird and standard registration have been increased. The detailed CFA exam fee changes 2026 have been denoted in the table below:
Particulars | 2025 CFA Program pricing | 2026 CFA Program pricing |
New Level I enrolment fee | USD 350 | USD 0 |
Level I early-bird Level I standard | USD 990 USD 1,290 | USD 1,140 USD 1,490 |
Level II early-bird Level II standard | USD 990 USD 1,290 | USD 1,140 USD 1,490 |
Level III early-bird Level III standard | USD 1,090 USD 1,390 | USD 1,240 USD 1,590 |
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.
Particulars | Details |
---|---|
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 |
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.
Subject | Aim | Weight |
---|---|---|
Ethical and Professional Standards |
| 15-20% |
Quantitative Methods | Exploring about quantitative concepts and techniques used in financial analysis; investment decision making | 8-12% |
Economics |
| 8-12% |
Financial Statement Analysis |
| 13-17% |
Corporate Issuers/ Finance |
| 8-12% |
Equity Investments |
| 10-12% |
Fixed Income |
| 10-12% |
Derivatives |
| 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% |
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.
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.
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:
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.
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
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 2025 are listed below. Any changes in the list will be updated here-
Test Centres | |
---|---|
Ahmedabad | Jaipur |
Bengaluru | Kolkata |
Bhopal | Lucknow |
Kochi | Chennai |
Hyderabad | Mumbai |
Indore | Guwahati |
Bhubaneshwar | Chandigarh |
New Delhi | Pune |
Surat | Ranchi |
Jodhpur | Rajkot |
Nagpur | Coimbatore |
Noida | Visakhapatnam |
Raipur | Dehradun |
The CFA institute has declared the CFA level 1 Feb 2025 results on April 3, 2025. 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.
Candidates can check the CFA level 1 result using the steps below
Step 1 - Login to the official website of CFA - cfainstitute.org
Step 3 - Detailed result will be displayed on the screen
Step 4 - Download and print the result for future reference
Frequently Asked Questions (FAQs)
The exam rescheduling fee for 2025 exam is USD 250.
The CFA level 1 exam are conducted four times in a year- February, May, August and November.
CFA level 1 results are released after around 5-7 weeks days of completion of the exam.
CFA Level 1 exam is held in the months of February, May, August, and November.
CFA course is different from a professional MBA degree as it requires more accounting knowledge. CFA focuses more on mathematical aspects.
CFA exams are expensive as compared to other exams because there are three comprehensive exams in the CFA course.
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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