CFA level 1 exam details-

CFA Course-

In the finance domain, Chartered Financial Analyst is considered the highest distinctions. An individual with a CFA degree has an edge over other finance professionals in the investment management industry. CFA institute, California, offers CFA program. The CFA Institute comprises more than 150,000 charter holders which are spread across 163 countries.

CFA exam levels-

All three levels of CFA charter i.e. CFA level 1, CFA level 2 and CFA level 3 help an individual gain optimum exposure in various curriculum topics of finance such as quantitative methods, economics, financial reporting and analysis, tax analysis, equity investments, portfolio management, performance measurements etc. With every passing subject level, the difficulty increases. Without a doubt, CFA level 1 is less complex than the other two levels. Each level of CFA exam is a way to test one’s knowledge and expertise of the subject.

CFA level 1 eligibility-

Candidates who wish to pursue CFA level 1 must follow the CFA eligibility criteria. The eligibility of CFA program is as follows-

- A candidate must have a Bachelor’s degree or equivalent in any discipline from a recognized institute or college.

- A candidate who is in the final year of Bachelor’s program at the time of registration can also apply for the CFA program.

- Applicants need to have at least four years of work experience in relevant finance domain.

- When you are registering for CFA certification, you should have a valid passport.

A minimum time period of 6 months is required to prepare for CFA level 1 exam.

CFA level 1 exams-

In 2021, a candidate can appear for the CFA level 1 exam in February, may, august and November. CFA level 1 exam in 2021 comprises two sessions during the same day with a break if needed. However, to appear for the next level of CFA exam, it is obligatory to clear the preceding level. The exam comprises multiple choice questions and answering every question is compulsory. On an average, a candidate will have 1.5 minutes per question. There are no penalties for the wrong answers in the exams. Level 1 questions are distinguished on three types- theory, computing, and reasoning questions. Theory questions involve display of various financial concepts, along with different models, theorems, or disciples. Computing questions imply using the financial calculator to carry out some mathematical process. Reasoning questions need the ability to develop a relationship between various concepts.

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