To pass this exam, try to answer at least 75% of the questions correctly. This means that you must correctly answer at least 180 (0.7 = 135) questions in total, or around 68 questions in each session. The level I exam consists of 180 multiple-choice questions, divided into two 135-minute sessions (session times are approximate). There is an optional break between sessions.
Your test score depends on many factors. The most important of these is your true ability or how well you know the material. If we could ask you an unlimited number of questions under ideal circumstances, over time we would be able to determine your true capacity. That's not possible, so other factors can influence your score favorably or unfavorably.
The exam format is computerized with 180 multiple-choice questions. There are two sessions of 2 hours and 15 minutes. Learn the best way to study for the CFA Level I exam. One of the most important ways to prepare for the CFA Level I exam is to have enough time to study.
CFA Institute Prep providers are prohibited from including official CFA Institute mock questions or any other question other than the end-of-reading question in their products and services. If you plan to take another (or the same) level of the CFA Program exam in the future, knowing how your score has been compared on several topics on this exam can help you focus your future studies for the next exam. The average candidate applying to Level I of the CFA exam must spend a minimum of 300 hours over six months preparing for the exam. The best way to study for the CFA Level I exam is to follow the curriculum of the CFA program and have enough time to learn the material with the ideal learning style.
Practical skills modules are an additional educational requirement that you must complete to receive the results of the CFA Level I exam. The weighting of the topics in the Level I exam is subject to change from year to year, at the discretion of the CFA Institute. It's important to know the passing rate of the CFA exam, considering that only 20% of candidates starting the program get certified, according to the CFA Institute. The CFA Level I exam does not use the words “except”, “true” or “false” between the points and, as far as possible, the use of “no” is avoided. If you are interested in taking the CFA Level I exam, review the CFA Level I exam requirements to see if you are ready to enroll.
