CFA Level 1 Exam Pattern 2018
Updated on Nov 20, 2018 - 2:33 p.m. IST by Naureen Gurung
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CFA Level 1 Exam Pattern 2018: The Chartered Financial Analyst (CFA) level 1 2018 exam pattern has been released by the CFA Institute. According to the CFA level 1 exam pattern 2018, the December session will be divided into two sittings- morning (9 AM- 12 PM) and afternoon (2 PM- 5 PM). Both will have 240 multiple choice questions altogether. The exam pattern of CFA level 1 2018 does not include negative marking so candidates are advised to attempt all the questions. It must also be noted that the exam will be conducted offline and questions will be in English only.

Knowing the CFA level 1 exam pattern 2018 will help candidates get a better idea of what the probable question paper would look like. This, in turn, will enhance their preparation for the CFA level 1 exam which will be conducted on December 1, 2018. CFA level 1 2018 will also be held on December 2 for those who might have religious obligations for the previous day. To know more about CFA level 1 2018 exam pattern, read the full article below.

Latest: CFA Level 1 result 2019 is declared on August 6.

An Overview of CFA Level 1 2018

Name of Exam

Chartered Financial Analyst (Level 1) exam

Frequency of Exam

Twice a year (June and December)

Exam Level

Postgraduate

Medium of Exam

English

Mode of Exam

Offline

Number of Sessions

2 (Three hours for each session)

Type of Questions

Objective

CFA Level 1 Exam Pattern 2018

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According to the exam pattern of CFA level 1 2018, candidates should try to give approximately 90 seconds to each question. Candidates can check the CFA level 1 2018 exam pattern for the December session below:


CFA Level 1 Exam Pattern 2018

Mode of exam

Offline

Medium of exam

English

Type of questions

Objective

Number of questions

240 (120 in each session)

Marking scheme

No negative marking

Exam Schedule for both sittings

Sitting

Time Duration

Morning

3 hours (9 AM- 12 PM)

Afternoon

3 hours (2 PM- 5 PM)

Total

6 hours

(attending both sittings is compulsory)

CFA Level 1 2018 Exam Pattern: Frequently asked Questions

Question. 1) Can I give the CFA level 1 exam in online mode as well?

Answer. No. According to the CFA level 1 exam pattern 2018, the mode of conduction is offline only.


Question. 2) Do I need to carry a calculator to the exam hall?

Answer. Yes. Candidates are advised to carry two calculators to avoid a situation of the calculator running out of battery.


Question. 3) Can I attend only one session of the CFA level 1 to get admission in the CFA program?

Answer. No. Both the CFA level 1 sessions are mandatory. Candidates must be present in the morning as well as the afternoon sitting to qualify for CFA program.


Question. 4) What sort of questions will be asked in the CFA level 1 exam (December session)?

Answer. Candidates will be required to answer MCQs with three answer choices each. The two most basic formats of questions are- sentence completion and objective questions. For examples of these type of questions, candidates can visit the official website of CFA Institute.

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