CFA Level 1

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CFA Level 1

CFA Level I builds a strong foundation in investment analysis, financial reporting, ethics, and portfolio management. It enhances analytical and financial skills, improves career prospects, and prepares candidates for roles in investment banking, asset management, and equity research.

Next Exam

announced
Date: 11 November 2026
Message: The next upcoming CFA Level 1 exam window is November 11-17, 2026.

Registration

Close Date: 11 August 2026
Message: Standard registration for the November 2026 exam is currently ongoing and closes on August 11, 2026. Early registration for this window has already closed.

Result & Answer Key

Message: CFA Level 1 results for the May 2026 exam window were released on June 23, 2026.

Latest Updates & News

CFA Institute Unveils Framework to Help Advisers Navigate AI-Driven Market Upheaval

The CFA Institute Research and Policy Center has introduced a new AI Transition Framework to help investment professionals understand and adapt to the structural changes artificial intelligence is bringing to capital markets.

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Eligibility

Graduation

  • Bachelor's degree OR
  • Undergraduate student can register if chosen Level I exam window is within 23 months of your expected graduation month. OR
  • A combination of 4,000 hours of professional work experience and/or higher education completed over at least 3 consecutive years before registering for Level I.
  • The work experience does not need to be finance or investment related.
  • Paid inteship / article ships may qualify if they meet CFA institute's criteria.

Valid Passport

  • A valid interational passport that exactly matches your CFA Institute registration details.

Eligible Country

  • Candidate must reside in a country where the CFA Institute is permitted to operate

Paper Pattern

CFA LEVEL I

180 MCQ Questions
Equal Weightage Marks per Question
270 min Duration
CBT Type
No Negative Marking

Key Information

2 Total Sessions
90 MCQ per Session
180 MCQs Total
135 minutes Duration per Session
30 Minutes between two Sessions Optional Break

📋

Complete Syllabus Breakdown

Click on individual units below to reveal the specific topics and underlying concepts.

CFA LEVEL 1

Timeline
7 August 2026
COMPLETED

August 2026 Level 1 Rescheduling Deadline

📅
7 August 2026
11 August 2026
ONGOING

November 2026 Level 1 Standard Registration Closes

📅
11 August 2026
12 August 2026
ANNOUNCED
📢

May 2027 Level 1 & 2 Registration Opens

📅
12 August 2026
18 August 2026
ANNOUNCED
📢

November 2026 Level 1 Scheduling Deadline

📅
18 August 2026
18 August 2026
ONGOING

August 2026 Level 1 Exam Window

📅
18 August 2026
14 October 2026
ANNOUNCED
📢

May 2027 Level 1 Early Registration Deadline

📅
14 October 2026
5 November 2026
ANNOUNCED
📢

February 2027 Level 1 Registration Closes

📅
5 November 2026
10 November 2026
ANNOUNCED
📢

February 2027 Level 1 Scheduling Deadline

📅
10 November 2026
11 November 2026
ANNOUNCED
📢

November 2026 Level 1 Exam Window

📅
11 November 2026
22 February 2027
ANNOUNCED
📢

February 2027 Level 1 Exam Window

📅
22 February 2027
Fees
Announced
Category
Fee (USD)
Early Registration
₹1
Standard Registration
₹1
Payment Mode
Visa, MasterCard, American Express, Alipay, Klarna (US-based candidates only)
Cut Offs
Year: 2026
Category
Cut Off
February 2026 Pass Rate
45%
May 2026 Pass Rate
39%