The CFA (Chartered Financial Analyst) charter is a postgraduate professional designation that certifies the competence and ethics of financial analysts. According to CFA Institute, which offers the charter, it is the most respected and recognized investment management designation in the world. Level 1 exam is the first of the 3 levels of the CFA exam . The curriculum consists of 10 topics that are grouped into four areas, specifically: ethical and professional standards, investment tools, asset classes, and portfolio management and wealth planning. The exam focuses on basic knowledge and comprehension of tools and concepts of investment valuation and portfolio management. At this level you have to take two 135-minute exam sessions with 90 multiple-choice questions each. In 2021, the level 1 CFA exam will be computer-based and it’ll be held 6 times: in February, March, May, July, August, and November.
Is CFA Level 1 Difficult?
Without any finance background or work experience in the related field to prepare for level 1 exams will be difficult. The books are thick but the concepts are in their basic form and can be grasped easily. One can pass Level 1 with some dedication.
Is 6 months enough for CFA Level 1?
Successful Level 1 candidates spend roughly 300 hours prepping for the exam. The best strategy is to leave at least 4 months (approximately 17 weeks) to finish all the reading material. Further, students can increase their chances of passing by utilizing alternative prep materials, answering as many practice questions as possible, and creating a structured study plan. Consistency and dedication is the Mantra.
How much does it cost for CFA Level 1?
Fee Type (for all Levels)
CFA Exam Cost (US$)
One-time Enrolment Fee (paid once only during first Level 1 registration)
Registration Fee (for each Level or retake):
So, in India the one-time fee payable to the institute is needed at the time of level 1 registration. along with the program fees of US$ 1150 (approx 85,000 INR)
But, in case you change your mind within two business days, you will get a full refund of all the payable fees. But, as the USD to INR rate varies each day, the exact amount of refund cannot be guaranteed by the Institute.
Is 3-4 months enough for CFA Level 1?
CFA candidates usually start preparing from 6 to 4 months before their exam. However, this does not mean 3 months are not enough. As already told on average, it takes about 300 study hrs to prepare for the CFA level 1 exam. To get those 300 hrs, you’ll need to devote around 22 study hrs per week. Planning
ELIGIBILITY FOR CFA LEVEL1
Candidates who are willing to pursue CFA level 1 must follow with the eligibility criteria. The eligibility of the CFA program is as follows:
To apply for this exam, one must hold a Bachelor’s degree or equivalent in any field.
A candidate 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 4 years of work experience.