CFA Level 1 Exam

LEVEL 1 - CFA CHARTERED FINANCIAL ANALYST) EXAM

HEYASPIRANT! THIS BLOG HAS THE INFO THAT YOU MIGHT BE LOOKING FOR THE CFA LEVEL 1 EXAM.

INTRODUCTION TO THE CFA LEVEL 1 EXAM

The CFA LEVEL 1 EXAM is a computer-based exam. Although it's computer-based, it might cost you more in terms of dedication and hard work because of this exam would want your all, due to its toughness. It is a very challenging exam, and every exam builds its foundation for the next one and keeps up with the complexity and challenges of the exam.

Level 1 of the CFA exam is the first of a total of 3 levels of the exam.

The CFA level1 tests you on the basis of 10 topics. The exam takes place four times a year in the months of February, May, August and November respectively.

The exam is taken in two sessions, each of 135 minutes consisting of 90 multiple-choice questions.

ELIGIBILITY FOR CFA EXAMINATION LEVEL 1

DO YOU FULFILL THE FOLLOWING CRITERIA? IF YES, THEN YOU ARE ELIGIBLE TO APPEAR FOR THE CFA EXAM.

1. Must possess postgraduate certification and have a bachelor's degree in anything equal to the respective discipline before enrolling in the CFA course

2. Students in their final year of the bachelor's degree program are eligible for CFA EXAM registration, too.

3. A three/3 year work experience is required or prior experience of not less than 4000+ hours is required to be eligible for CFA EXAM registration.

REGISTRATION PROCESS

FOLLOWING ARE THE STEPS TO FOLLOW FOR REGISTRATION FOR CFA LEVEL -1

1. sign up on the official website of CFA INSTITUTE.
2. Register for your CFA level 1 exam.
3. pay fee
4. Accept candidate agreement
5. Submit a professional conduct statement.
6. Schedule your CFA exam date (self-schedule it)
7. Reschedule if required Or

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FEE STRUCTURE

1. 1. If a scholarship is awarded then there is no need to make any full payment as it will be reduced.
   2. If ineligible for a scholarship then REGISTRATION FEE for early birds is USD $ 940 (2024) hiking upto USD $ 990(2025) for LEVEL 1 CFA EXAM.
   3. Following is the Standard registration fee, which is USD $1250 (2024), hiking up to USD $1290(2025)

Initially, when you register for the first time for CFA EXAM a nominal fee or a one time enrollment fee of USD$ 350 is to be paid. It is to be paid regardless of any deadline.

NUMBER OF ATTEMPTS FOR CFA LEVEL-1EXAMINATION

A total of 6/ six attempts are allowed. You may attempt an examination twice a year, six months apart.

LEVEL 1 CFA EXAM TOPICS AND WEIGHTAGE

TOPICS WEIGHTAGE

1) Quantitative methods 6-9%

2) Economics 6-9%

3) Corporate issuers 6-9%

4) Derivatives 5-8%

5) Financial statement analysis 11-14%

6) Equity investments 11-14%

7) Fixed income 11-14%

8) Alternative investments 7-10%

9) Portfolio management and wealth planning 8-12%

10) Ethical and 15-20% professional standards

LEVEL 1 CFA EXAM DATES IN 2024 & 2025 Level 1 CFA EXAM 2024

The upcoming LEVEL 1 EXAM is in the month of November, scheduled from 13th to 19th November.

Level 1 CFA exam in 2025 Feb

Registration for the exam opened on 9 May 2024

The CFA level 1 exam scheduled for Feb 2025 is from 17th to 23 February May.

Registration for the exam opened on 8 August 2024

The CFA level 1 exam scheduled for May 2025 is from the 14th to the 20th of May-August. On 6 November 2024 registration for the August CFA LEVEL 1 exam opens. The CFA level 1 exam is scheduled from the 20th to the 26th of August.

(Seating arrangements and availability may vary for different centers and geographical regions )

MARKING SCHEME FOR CFA LEVEL1 EXAM

Three marks are awarded for each correct answer. Apparently, there is no negative marking for the wrong answer. As a result, candidates received a" pass "or didn't pass. Their results were categorized into the exams given and broken down according to the performance of the candidate.

PASSING PERCENTAGE OF CFA LEVEL-1 EXAM

After each CFA examination, the administrators of the exam or exam administration set the MPS or minimum passing score for the CFA EXAM levels. The objective is to ensure fairness to every candidate who has taken the exam. The toughness or difficulty of each test is actually taken into notice when difficulty calculation of MPS or Minimum passing score is going on .

TIME MANAGEMENT TECHNIQUES/ PREPARATION FOR CFA LEVEL -1 EXAMINATION.

1) It's suggested that 90 seconds be devoted, which is 1 minute 30 seconds, for a single or multiple questions or a single question(MCQ).

It's just a suggestion, but it all depends on you: how fast you can guess an answer or keep finding the right one, put in more time, and get involved. The less time you put in, the more quickly you finish your exam.

1. Understand the topic Fully to reduce time wastage.
2. Don't get stuck on one. Skip to the next, then come back to attempt.
3. No question should be left unanswered.
4. Train your mind during preparation days to read with full confidence and interpret correctly.
5. Mock exams and practice exam attention during preparation months are necessary. Time management can be Fully mastered through this.
6. Concepts and formulas should surely be on your tips with clarity.
7. Always aim for high scores and get most of the exam done so you get timely revision done.
8. Start early, be it an exam or preparation.

ANALYSIS OF SYLLABUS ON THE BASIS OF DIFFICULTY LEVEL OR DIFFICULT SUBJECTS.

Difficult subjects of the CFA level 1 exam are as follows: financial statement analysis -

It contains methods of accounting financial statements

Reporting standards

Derivatives

Forwards vs. futures vs options vs. swaps

Fixed income

Yields  Bonds

Features  Market

Info- CFA LEVEL 1 is the hardest of a total of three levels.

EXAM DAY INSTRUCTIONS OR GUIDE

1. It is advised to reach the center early by 30 -40 minutes.
2. Late arrival may deny you the exam or even access to the inside.
3. You are responsible for your own personal belongings, trust only yourself for this and you can leave it at home or car or anywhere else ;the place you find safe.
4. Dress comfortably

ESSENTIALS TO CARRY FOR EXAM DAY

1. International passport (valid)
2. A face mask for protection (optional)
3. An approved calculator
4. Water bottle
5. Bring a piece of clothing you may want to adjust according to the center's environment or area temperature.
6. Any item or personal item that is fully approved by the personnel

Conclusion

Focus on difficult topics and topics that are heavyweight. Concepts and time management for exams can level up your game. Stay tuned regarding the CFA EXAM on the best portal.

CFAtestseries.com is a website that is beneficial to candidates appearing for the CFA EXAM. One can get the required guidance, personalized study plans, mentorship, etc.

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