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CFA Level 1 Eligibility Requirements 2024 - Age Limit, Qualification

CFA Level 1 Eligibility Requirements 2024 - Age Limit, Qualification

Edited By Team Careers360 | Updated on Apr 19, 2024 04:08 PM IST | #CFA Exam

Interested candidates who want to appear for the CFA level 1 exam should check the CFA level 1 eligibility criteria before registration. The CFA Institute informs about the CFA level 1 eligibility requirements 2024 on its official website - cfainstitute.org. The eligibility criteria for CFA level 1 pertain to educational qualification and work experience requirements.

CFA Level 1 Eligibility Requirements 2024 - Age Limit, Qualification
CFA Level 1 Eligibility Requirements 2024 - Age Limit, Qualification

Candidates aspiring to appear in CFA level 1 exam need to complete the CFA level 1 registration before the specified deadline. Registrations are currently open for CFA level 1 August 2024 and November 2024 sessions. The Chartered Financial Analyst (CFA) institute conducts the CFA level 1 exam four times a year - February, May, August and November. Given in this article is complete information about the eligibility for CFA level 1, educational qualification, CFA eligibility criteria in India, work experience and related details are mentioned in this article of CFA level 1 2024 eligibility requirements.

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CFA Level 1 Eligibility Requirements 2024

Complete details related to the educational qualification required, work experience of the candidate and basic requirements are provided officially by The Chartered Financial Analyst Institute on its official website. These CFA requirements level 1 guide the candidates on the enrollment process. A candidate should meet one of the following CFA course eligibility criteria:

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  • Bachelor's Degree: Should complete Bachelor’s or equivalent program and have a degree from a recognized university/ college. Incase you are unsure if your program is comparable, then its advisable to consult your university/ college.
  • Undergraduate Student: A candidate must have 23 months or fewer left before the graduation month in order to enrol for the CFA Level 1.
  • Work experience: Should have a combination of higher education that is acquired of at least 4 years and/ or work experience of 4000 hours. This is to be completed before CFA level 1 registration 2024. Also, the dates of professional work experience of candidate and the education should not be overlapping. The CFA Institute also considers internships/articleships as work experience if they are paid.

What is professional work experience as per the CFA institute?

Professional work experience requires education, specialized knowledge, advanced skills, the application of business skills and higher-level judgement,that includes-

  • Leadership and teamwork

  • Business communications

  • Critical thinking and problem solving

  • Time management

  • Professional judgement

  • Analytical skills

  • Adaptability

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The CFA Institute can request for proof of education and/ or work experience to be submitted at any stage. Failure to provide the same may result in cancellation of registration, withholding of CFA exam results, etc. This may also lead to investigation as well as disciplinary action by the CFA Institute Professional Conduct Program.

Other basic eligibility requirements for CFA Level 1

  • It is mandatory to have a valid international passport

  • Proficiency in English is important to attempt the reading comprehensions as well as the complex financial scenario-based formulas asked in the exam

  • It is important to complete the professional conduct criteria by filling a statement form

  • All candidates should pay CFA level 1 enrollment fee and registration fees

CFA Level 1 Registration 2024

Currently, the registrations for CFA level 1 August 2024 and November 2024 session are open. Candidates who want register for the exam can proceed to fill the application form in online mode. The registration for CFA Level 1 August 2024 closes on May 14, 2024 while the registration for November 2024 session closes on August 7, 2024.

Frequently Asked Question (FAQs)

1. Is it mandatory to pay the CFA level 1 enrollment fee?

Yes, all candidates need to pay the enrollment fee of USD 350 at the time of CFA level 1 registration.

2. I am a final year student. Am I eligible to sit for CFA level 1 exam?

As per the CFA level 1 eligibility requirements, you are eligible to sit for the CFA exam. Your selected exam window (Feb/May/August/ November) must be 23 months or fewer before your graduation month.

3. Is it mandatory to submit the college degree or marksheet of graduation at the of registration?

No, CFA Institute does not ask for documents at the time of registration. However, it may request the same at a later stage.

4. When will registrations for CFA level I February 2025 session open?

The CFA level 1 February 2025 registration will open on May 9, 2024.

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