CFA Level 1 Exam Pattern 2022 - Mode, Weightage, Passing Score
Download PDFCFA Level 1 Exam Pattern 2022 - The Chartered Financial Analyst Institute prescribed the CFA level 1 exam pattern on its official website. Candidates preparing for CFA level 1 exam should carefully look into the exam pattern and devise their study plan accordingly. Details such as mode of exam, number and type of questions asked, time duration of CFA level 1 exam, marking scheme and related are mentioned under the exam pattern of CFA level 1.
Related: Candidates can refer to the CFA level 1 exam date 2022 and register themselves for the upcoming sessions.
In recent times, significant changes related to the exam duration, number of questions asked in the exam pattern of CFA exams have been introduced by The Chartered Financial Analyst Institute. Read this article by Careers360 to understand the basic details while preparing for the CFA level 1 exam.
Overview of CFA® Level 1 Exam Pattern 2022
Those candidates who are registered for the CFA® Level 1 exam for February session can check the given table to have a better understanding of the CFA exam pattern 2022. Whereas, candidates who want to register for exam can fill the CFA level 1 application form for May 2022 session till February 8, 2022.
Exam Pattern of CFA level 1
Particulars | Details |
Frequency of the exam | Four times - February, May, August, and November |
Exam level | Post graduate |
Question format | Multiple choice questions |
No. of questions asked | Total 180 MCQs
|
Time duration of CFA® Level 1 exam | Total 4.5 hours |
Sessions | Split into two sessions - each of 2 hours, 15 minutes |
Medium of exam | English |
Marking scheme | No negative markings |
CFA® Level 1 Exam Pattern 2022
As mentioned above, The CFA Institute has already given details related to the CFA level 1 exam pattern on its official website. Along with it, preparatory tips and tricks are also available on the website. The total appointment time is 5.5 hours; whereas the overall time duration of the CFA level 1 exam is 4.5 hours. Candidates have to give the CFA® Level 1 exam in two sitting as shown in the table below. It is mandatory for candidates to appear in both sittings to receive the CFA level 1 result 2022.
CFA level 1 exam schedule for both sessions
Sitting | Time Duration | No. of Questions | Topics Included |
Morning | 2 hours, 15 minutes | 90 Multiple choice questions |
|
Afternoon | 2 hours, 15 minutes | 90 Multiple choice questions |
|
Total | 4.5 hours | 180 Multiple choice questions | - |
Total CFA level 1 Exam Length
30 minutes time allotted to pledge, tutorial, as well as survey
135 minutes for session 1 as mentioned in the above table
30 minutes for optional break
135 minutes for session 2 as mentioned in the above table
Total testing time is 4.5 hours
Total appointment time is 5.5 hours
Candidates preparing for the CFA level 1 exam can also refer to the previous year CFA level 1 question papers and study material to have better understanding of the paper pattern.
Topics Wise Weightage of CFA® Level 1 Exam
Even though the candidates have witnessed number of changes in the CFA level 1 exam pattern due to the COVID-19 pandemic, the institute has not made any changes in curriculum and topic-wise weightage. The CFA® Level 1 exam covers the following 10 areas.
CFA level 1 exam weightage
Topics | Weight % |
Ethical and Professional Standards | 15-20% |
Financial Reporting and Analysis | 13-17% |
Equity Investments | 10-12% |
Fixed Income | 10-12% |
Corporate Finance | 8-12% |
Quantitative Methods | 8-12% |
Economics | 8-12% |
Portfolio Management | 5-8% |
Derivatives | 5-8% |
Alternative Investments | 5-8% |
CFA Level 1 Subjects 2022
Along with the knowledge of the paper pattern, it is vital for candidates to carefully look into the topics and subtopics included in the CFA level 1 exam 2022. Complete information related to the topics, subtopics and concepts covered in the paper are provided under the subjects of CFA institute on its official website. By having an insight of the syllabus, candidates can prepare for the exam and devise their preparation strategy accordingly.
Frequently Asked Question (FAQs) - CFA Level 1 Exam Pattern 2022 - Mode, Weightage, Passing Score
Question: What is the mode of CFA level 1 exam?
Answer:
Since February 2021, all CFA exams are being conducted in computer based mode.
Question: How many times in a year can I appear in CFA level 1 exam?
Answer:
You can give the CFA level 1 exam twice in a year in a gap of 6 months.
Question: Will there be any changes in the CFA level 1 exam fee due to changes in paper pattern?
Answer:
No, The CFA Institute will not many any changes in the exam fee due to changes in exam pattern.
Question: What is the time duration of CFA level 1 exam?
Answer:
The overall time duration of the CFA level 1 exam is 4.5 hours. Candidates have to give the CFA® Level 1 exam in two sittings of 2.15 hrs each. There will also be an optional break of 30 minutes between both sessions.
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