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CFA Level 1 Exam Pattern 2024 - Mode, Weightage, Passing Score
Edited By Team Careers360 | Updated on Apr 19, 2024 02:58 PM IST | #CFA Exam
The Chartered Financial Analyst Institute prescribes 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.
Also Check: CFA Level 1, 2 & 3 Registration Open - Apply Now
Latest: CFA complete guide
This Story also Contains
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 to understand the basic details concerning what pattern to adapt while preparing for the CFA level 1 exam.
Overview of CFA Level 1 Exam Pattern 2024
Those candidates who have completed CFA registrations for upcoming sessions of CFA Level 1 exam can check the given table to have a better understanding of the CFA exam pattern 2024.
Exam Pattern of CFA level 1
| Particulars | Details |
|---|---|
Frequency of the exam | Four times - February, May, August, and November |
Exam level | Post graduate |
CFA exam 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 2024
As outlined in the above paragraphs, 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 take the CFA Level 1 exam in two sittings as shown in the table below. It is mandatory for candidates to appear in both sittings to receive the CFA level 1 result 2024.
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
Given below are the topic wise weightage for the CFA level 1 exam. The CFA Level 1 exam covers the following 10 areas.
CFA level 1 Exam weightage
| Topics | Weight% |
|---|---|
Ethical and Professional Standards | 15-20% |
Financial Statement Analysis | 13-17% |
Equity Investments | 10-12% |
Fixed Income | 10-12% |
Corporate Issuers | 8-12% |
Quantitative Methods | 8-12% |
Economics | 8-12% |
Portfolio Management | 5-8% |
Derivatives | 5-8% |
Alternative Investments | 5-8% |
CFA Level 1 Subjects 2024
Along with the knowledge of the paper pattern, it is vital for candidates to carefully look into the CFA Level 1 syllabus which contains topics and subtopics included in the CFA level 1 exam 2024. 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)
1. What is the mode of CFA level 1 exam?
CFA exams are conducted in computer based mode.
2. How many times in a year can I appear in CFA level 1 exam?
You can give the CFA level 1 exam twice in a year with a gap of 6 months between two consecutive attempts.
3. Will there be any changes in the CFA level 1 exam fee due to changes in paper pattern?
No, there is no changes in the CFA level 1 exam fee due to changes in exam pattern.
4. What is the time duration of CFA level 1 exam?
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.
5. How long is CFA Level 1 exam?
CFA Level 1 exam is 4.5 hours long.
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