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How to study the CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Exam
There are two main types of tools for preparing for CFA Level 1 qualification exams. First, there are study guides and books that are detailed and suitable for building information from the ground up. Then there are video tutorials and lectures that can somehow ease the pain of training and are comparatively less tiring for some applicants, but they take time and concentration from learning. Smart candidates who want to build a strong base on all exam topics and relevant technology normally combine video lectures with study guides to reap the benefits of both, but, as often ignored by most candidates the CFA Level 1 practice exams, there is one vital training method. As an aspiring or active investor, you need the expertise and experience to succeed in a highly competitive industry. The CFA programme is built to provide you with the kind of experience and real world know-how to carry out your job analysis. If you are an intern, a worker, a transitional occupation or an investment professional, the CFA programme gives you a path to advance and accomplish your professional objectives. The CFA Program is a three-part review that examines the basics of investing tools, asset assessment, portfolio management and wealth planning. The CFA Program is mostly completed for people of administrative, accounting, economic or commercial backgrounds. Holders of the CFA charter shall be entitled to use the CFA classification until completion, application and approval of the curriculum by the CFA Institute. CFA charter members are eligible to work in wealth management, risk management, wealth control, and more in senior and executive roles. CFA Level 1 practice test is the best start towards understanding the concepts of examination.
Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
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What is the duration, language, and format of the CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Exam
Format: Multiple choices, multiple answers:
Duration of Examination: 6 hours
Language: English
Passing score: 70%
Number of Questions: 120
CFA CFA-Level-I Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Portfolio Management | 8–12% | - Portfolio planning and construction - Risk and return concepts - Asset allocation and performance measurement |
| Economics | 6–9% | - Microeconomics - Monetary and fiscal policy - International trade and currency markets - Macroeconomics |
| Alternative Investments | 7–10% | - Private equity, real estate, hedge funds - Commodities and infrastructure - Investment characteristics and returns |
| Quantitative Methods | 6–9% | - Regression and time-series analysis - Probability and hypothesis testing - Statistical concepts and returns - Time value of money |
| Corporate Issuers | 6–9% | - Business and financial risk - Capital budgeting - Corporate governance - Capital structure |
| Fixed Income | 11–14% | - Yield measures, spot rates, forward rates - Fixed income securities characteristics - Bond valuation and risk measures |
| Equity Investments | 11–14% | - Market organization and structure - Equity valuation models - Industry and company analysis |
| Ethical and Professional Standards | 15–20% | - Global Investment Performance Standards (GIPS) - Code of Ethics and Standards of Professional Conduct |
| Derivatives | 5–8% | - Derivative markets and instruments - Derivative pricing and valuation basics - Forwards, futures, options, swaps |
| Financial Statement Analysis | 11–14% | - Inventories, long-lived assets, taxes, debt - Income statement, balance sheet, cash flow statement - Financial reporting standards - Ratio analysis and profitability |


