CFA Level 1 Exam Pattern 2022

CFA Level 1 Exam Pattern 2022

For the year 2022, the Chartered Financial Analyst Institute has published the CFA level 1 examination pattern on its website. CFA level 1 test candidates should thoroughly review the exam pattern and create a study plan that takes that information into consideration. The CFA level 1 exam pattern includes information about the format, quantity, and kind of questions on the test, as well as the time allotted for each question.


The Chartered Financial Analyst Institute has recently implemented substantial modifications to the test structure, including length and number of questions.

The Level 1 CFA Exams Pattern 2022 is outlined below:

You may see the CFA level 1 exam pattern 2022 by looking at the chart provided for February's CFA® Level 1 exam applicants. Candidates who intend to take the CFA level 1 test in May 2022 may apply for the exam until February 8, 2022.


Exam Pattern of CFA level 1

Particulars Details
Frequency of the exam 4 times - February, May, August, and November
Exam level Postgraduate
Question format  Multiple-choice questions 
No. of questions asked 

Total 180 MCQs

  • Session 1 - 90 MCQs

  • Session 2 - 90 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

Exam Pattern for CFA Level 1 in 2022

The CFA Institute's official website has already provided information on the CFA level 1 test format, as previously noted. On the website, there are also prepared tips, tactics, and study material. The CFA level 1 test lasts 4.5 hours, compared to the 5.5 hours required for the appointment. Two sittings are required for candidates to pass the CFA® Level 1 test. Candidates must take the CFA level 1 exam in both sittings in order to obtain their results in 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
  • Ethics & professional standards

  • Quantitative methods

  • Economics

  • Financial reporting and analysis

Afternoon 2hours, 15 minutes 90 Multiple-choice questions
  • Corporate finance

  • Equity

  • Fixed income

  • Derivatives

  • Alternative investments and portfolio management 

Total 4.5 hours 180 Multiple choice questions -

Total CFA level 1 Exam Length 

  • Pledges, tutorials, and surveys all have a 30-minute time limit.

  • As seen in the above table, session 1 lasted 135 minutes.

  • 30 minutes of free time

  • According to the following data, session 2 will last 135 minutes.

  • 4.5 hours of testing time

  • The appointment lasts for a total of 5.5 hours.

As part of their preparation for the CFA level 1 test, potential candidates should review the previous year's CFA level 1 question papers and study materials.


The CFA® Level 1 Exam study Topics Wise Weightage 

There have been several adjustments in the CFA level 1 test format owing to the COVID-19 epidemic, but there have been no changes in study materials or topical weightage. The following ten topics are covered in-depth in the CFA® Level 1 test.


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%

Candidates must thoroughly review the subjects and subtopics featured in the CFA level 1 test 2022 in addition to the exam preparation. The CFA institute's official website provides comprehensive information on all of the paper's themes, subtopics, and ideas. Candidates may better prepare for the test if they have a clear understanding of the material.


Frequently Asked Question (FAQs) - CFA Level 1 Exam Pattern 2022


Question: The CFA level 1 exam is administered in what mode?

Answer: All CFA exams will be conducted via computers starting in February 2021.


Question: Is it possible to take the Level 1 CFA exam more than once a year?

Answer: You can take the CFA level 1 exam twice a year after a 6-month interval.


Question: If there are any changes in the paper pattern, will the exam fee for CFA level 1 change?

Answer: No changes in exam fees will occur due to changes in the exam pattern at the CFA Institute.


Question: Can you tell me how long the CFA level 1 exam takes?

Answer: CFA level 1 exam takes approximately 4.5 hours to complete. It takes two sittings of 2.15 hours each for each candidate to take the CFA® Level 1 exam. In addition, a 30-minute break can be taken between each sitting.





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