CFA Institute CFA Level I Chartered Financial Analyst : CFA-Level-I

  • Exam Code: CFA-Level-I
  • Exam Name: CFA Institute CFA Level I Chartered Financial Analyst
  • Updated: Jul 29, 2026     Q & A: 2200 Questions and Answers

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About CFA CFA-Level-I Exam

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Earning the CFA designation is a significant achievement for finance professionals and is recognized globally as a mark of excellence in the investment industry. It shows that the candidate has a deep understanding of the fundamental concepts and tools used in the industry and can apply them effectively in real-world situations. The CFA designation is highly respected by employers and can open up new opportunities for advancement and professional growth.

Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam

CFA (Chartered Financial Analyst) exam is a rigorous and comprehensive test for financial professionals who wish to earn the CFA designation. This designation is highly respected and recognized globally as a mark of excellence in the field of finance. The CFA exam is divided into three levels, with Level I being the first step in the journey towards becoming a chartered financial analyst.

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CFA Level I certification exam is one of the most respected and sought-after qualifications in the finance industry. Offered by the CFA Institute, CFA-Level-I exam is the first step towards becoming a Chartered Financial Analyst (CFA). The CFA Level I exam is designed to test candidates' knowledge and understanding of investment tools, asset valuation, financial reporting, and ethics. Passing CFA-Level-I exam is a crucial milestone for anyone looking to establish themselves as a finance professional.

CFA CFA-Level-I Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Corporate Issuers6–9%- Business and financial risk
- Corporate governance
- Capital structure
- Capital budgeting
Topic 2: Quantitative Methods6–9%- Regression and time-series analysis
- Statistical concepts and returns
- Time value of money
- Probability and hypothesis testing
Topic 3: Economics6–9%- Macroeconomics
- International trade and currency markets
- Microeconomics
- Monetary and fiscal policy
Topic 4: Financial Statement Analysis11–14%- Ratio analysis and profitability
- Inventories, long-lived assets, taxes, debt
- Financial reporting standards
- Income statement, balance sheet, cash flow statement
Topic 5: Ethical and Professional Standards15–20%- Code of Ethics and Standards of Professional Conduct
- Global Investment Performance Standards (GIPS)
Topic 6: Portfolio Management8–12%- Asset allocation and performance measurement
- Portfolio planning and construction
- Risk and return concepts
Topic 7: Equity Investments11–14%- Equity valuation models
- Industry and company analysis
- Market organization and structure
Topic 8: Derivatives5–8%- Derivative pricing and valuation basics
- Forwards, futures, options, swaps
- Derivative markets and instruments
Topic 9: Alternative Investments7–10%- Investment characteristics and returns
- Commodities and infrastructure
- Private equity, real estate, hedge funds
Topic 10: Fixed Income11–14%- Yield measures, spot rates, forward rates
- Fixed income securities characteristics
- Bond valuation and risk measures

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