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    CFA Level 1 Exam 2026: May Session Exam Date (OUT), Registration, Syllabus & Pattern

    CFA Level 1 Exam 2026: May Session Exam Date (OUT), Registration, Syllabus & Pattern

    Mirza Farhan BaigUpdated on 23 Mar 2026, 05:31 PM IST

    The CFA Institute will conduct the CFA Level 1 May 2026 session exam from May 12-18, 2026. The last date to register for the upcoming CFA Level 1 May 2026 session was February 12, 2026. However, candidates can still register for the CFA Level 1 Aug 2026 session before May 6, 2026. The scheduling window for CFA Aug 2026 Level 1 is open until August 7, 2026. Aspirants intending to reschedule their exam dates could do so by paying the rescheduling fee of USD 250. The CFA Level 1 exam dates for the Aug 2026 session fall between August 18 to 24, 2026.

    This Story also Contains

    1. CFA Level 1 2026- Exam Overview
    2. CFA Level 1 Exam Dates
    3. CFA Level 1 Exam Dates 2026
    4. CFA Level 1 Eligibility Requirement 2026
    5. CFA Level 1 Registration 2026
    6. CFA level 1 Fees 2026
    7. CFA Level 1 Exam Pattern 2026
    8. CFA Level 1 Syllabus
    9. CFA Level 1 Study Material 2026
    10. Preparatory Tips for CFA level 1 exam
    11. Resources Available for CFA Level 1 Preparation
    12. CFA Level 1 Admission Ticket 2026
    13. CFA Level 1 Exam Centres 2026
    14. CFA Level 1 Result May 2026
    CFA Level 1 Exam 2026: May Session Exam Date (OUT), Registration, Syllabus & Pattern
    All About CFA Level 1 Exam

    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.

    CFA Level 1 2026- 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 0

    Early registration fee

    USD 990

    Exam website

    www.cfainstitute.org

    10-year average pass rate

    41%

    Helpline number

    001434-951-5499

    CFA Level 1 Exam Dates

    As outlined above, the CFA level 1 exam 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.

    CFA Level 1 Exam Dates 2026

    Events

    February 2026May 2026August 2026November 2026

    Registration Window Opens

    April 29, 2025
    August 2025
    November 11, 2025
    February 11, 2026

    Scheduling Window Opens

    April 29, 2025
    August 12, 2025
    November 11, 2025
    February 11, 2026

    Early Registration Deadline

    July 7, 2025October 2025
    January 21, 2026
    April 15, 2026
    Invoice Payment DeadlineSeptember 19, 2025January 3, 2026
    March 27, 2026
    July 2, 2026

    Registration Closes on

    October 29, 2025
    February 12, 2026
    May 6, 2026
    August 11, 2026

    Scheduling Last Date

    November 5, 2025February 18, 2026

    May 13, 2026
    August 18, 2026

    Rescheduling deadline for CFA Level 1 exam

    January 22, 2026May 1, 2026
    August 7, 2026
    October 31, 2026

    CFA Exam Dates

    February 2-8, 2026
    May 12-18, 2026
    August 18-24, 2026November 11-17, 2026

    CFA Level 1 Result Date

    March 19, 2026June 2026
    Sept-Oct 2026
    TBA

    CFA Level 1 Eligibility Requirement 2026

    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 2026

    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 2026

    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 2026

    The fees for CFA Level 1 registration vary according to the time of registration. Candidates who register within the early registration deadline (early birds) pay a lower fee compared to those who register during the standard registration period.

    Current CFA Level I Registration Fee (2026)

    ParticularsFees

    CFA level 1 enrollment fee

    USD 0 (Eliminated for new candidates)

    Early registration fee

    USD 1,140

    Standard registration fee

    USD 1,490
    Rescheduling feeUSD 250


    For the 2026 exam windows (February, May, August, and November 2026), the CFA Institute has eliminated the one-time program enrollment fee but has increased the registration costs. The table below denotes the change in pricing across all levels from the 2025 cycle to the 2026 cycle.

    CFA Level 1 Exam Fee Changes 2026

    Particulars

    2025 CFA Program pricing

    2026 CFA Program pricing

    New Level I enrolment feeUSD 350USD 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
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    CFA Level 1 Exam Pattern 2026

    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%

    CFA Level 1 Study Material 2026

    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. Aspirants need 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 2026

    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 2026

    The locations where the CFA exams are 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. The CFA level 1 exam centres in India for 2026 are listed below. Any changes in the list will be updated here-

    CFA Level I 2026 Exam Centres

    Test Centres

    Ahmedabad

    Jaipur

    Bengaluru

    Kolkata

    Bhopal

    Lucknow

    Kochi

    Chennai

    Hyderabad

    Mumbai

    Indore

    Guwahati

    BhubaneshwarChandigarh

    New Delhi

    Pune

    SuratRanchi
    JodhpurRajkot
    NagpurCoimbatore
    NoidaVisakhapatnam
    RaipurDehradun

    CFA Level 1 Result May 2026

    The CFA Level 1 May 2026 exam results will be released tentatively in July 2026. Candidates can check their CFA Level 1 results on the official CFA Institute website by logging into their registered accounts. The CFA Institute typically releases results about 5-7 weeks after the exam window closes. Candidates will also receive notifications about their results via their registered email address and phone number after the results released.

    How to check the result?

    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)

    Q: Is CFA tougher than MBA?
    A:

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

    Q: What is the rescheduling fees for CFA Level 1 exam?
    A:

    The exam rescheduling fee for 2025 exam is USD 250.

    Q: Why are the CFA exams expensive?
    A:

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

    Q: How many times CFA Level 1 exam conducted in a year?
    A:

    The CFA level 1 exam are conducted four times in a year- February, May, August and November.

    Q: When is CFA Level 1 exam held?
    A:

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

    Q: When will CFA level 1 results be released?
    A:

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

    Q: What is the overall duration of CFA level 1 exam?
    A:

    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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