Guides

CFA® Program Level I

Guides to the CFA® Program Level I exam: format, topic weights, registration, results, calculators and study plans.

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Level I of the CFA® Program: the full picture

What Level I of the CFA® Program tests, who it suits, and how the exam, the ten topic areas and the next two levels fit together.

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Level I of the CFA® Program: format, timing and question styles

Two sessions, 180 questions, three answer options: how the Level I exam of the CFA® Program is built, timed and worded.

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Level I of the CFA® Program: the 2027 topic weights and what they mean

Ten topic areas, new names, shifted weights: the Level I ranges of the CFA® Program for 2027 and how to turn them into a study plan.

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Registering for Level I of the CFA® Program: steps, fees and deadlines

How registration for Level I of the CFA® Program works, what it costs in the 2026–2027 windows, which deadlines matter and what changes for deferrals in 2027.

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Who can take Level I of the CFA® Program — and how often

Degree, final-year or 4,000-hour route, a valid passport, and how often you may sit Level I of the CFA® Program.

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The BA II Plus for Level I of the CFA® Program: setup, worksheets, habits

Two allowed model families, the settings worth checking on day one, and the worksheets you will use again and again at Level I of the CFA® Program.

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Level I results in the CFA® Program: what your score report tells you

When results arrive, what the score report shows and hides, why the Practical Skills Module matters, and how to read a report that says “Did Not Pass”.

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Exam day for Level I of the CFA® Program: from check-in to the last question

From booking a Prometric seat to the last question: passport, check-in, what goes on your desk, how breaks work and what to keep to yourself afterwards.

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Ethics in Level I of the CFA® Program: how to study the Code and Standards

How ethics questions work in the CFA® Program Level I exam, what the lower 2027 weight means, and how to study the Code and Standards without rote memorising.

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Ten topics, ten approaches: studying for Level I of the CFA® Program

A practical approach to each of the ten topic areas of the CFA® Program Level I exam — weights for 2027, what usually needs most practice, and the mix of calculation and concept.

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Using practice questions and mock exams for Level I of the CFA® Program

Practice questions and mock exams for the CFA® Program Level I exam: when to use which, how to time yourself, and how to turn every mistake into a study task.

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Six months to Level I of the CFA® Program: a 24-week study plan

Around 24 weeks and 300+ hours for the CFA® Program Level I exam: topic blocks in a sensible order, ethics every week, room for the Practical Skills Module and a final mock phase.

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A 12-week intensive plan for Level I of the CFA® Program

Twelve weeks at about 25 hours a week: a compressed Level I plan for candidates who already know accounting, statistics or corporate finance.

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The last four weeks before Level I of the CFA® Program

Mocks, an error log, formulas and Ethics: how to turn the last four weeks before Level I into points rather than panic.

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Common mistakes in Level I of the CFA® Program and how to avoid them

From missed scheduling deadlines to a mismatched passport name: the mistakes that cost Level I candidates time, money or points.

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Beyond Level I: Levels II and III and the path to the charter

Results, the Practical Skills Module, Levels II and III, the Level III pathways and the steps from the last exam to the charter.

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