Overview of CFA Level 1 Exam
With Level 1, the curriculum is divided into 18 study sessions and each session contains at least one reading. Therefore, Level 1 has a total of 60 readings that you need to understand. Moreover, the Learning Outcome Statement included in each session is quite useful since it helps you to enhance your reading skill as well as reinforce your knowledge. This part is really important as some CFA Exam questions are based on the Learning Outcome Statement.
In particular, there are 10 subjects that you need to cover in total:
- Ethics and Professional standards
- Quantitative Methods
- Financial Reporting and Analysis
- Corporate Finance
- Portfolio Management
- Security Markets and Equity Investments
- Fixed Income
- Alternative Investments
Among these topics, Ethics and Financial Reporting are considered as the most important areas since they account for the highest point in the exam. As a result, you need to allocate your time properly for each topic and session in order to achieve the best result. Make sure to put some significant efforts into the important ones.
How to Register for CFA Level 1 Exam
Before registering for CFA, you need to visit its website and have a close look at all of the information to make sure that this course is totally suitable for you. If your direction is right, you can apply for CFA Level 1 with this step-by-step process.
First of all, you need to have a valid international passport as well as a credit card for your payment. Then, you need to create an account on the website of CFA Institute by providing your basic information, user name, password and select the challenge questions. Then, you will get a confirmation email to activate your account.
Next, you need to register for the exam by clicking the statement ‘Enroll and Register in the CFA Programs’. At this stage, you can read all of the requirements to ensure that everything is perfect. After that, you can check the exam calendar, choose the exam venue as well as review the exam fees. Once you know all of the necessary information, you can obviously register now by filling out your information in the blank.
After confirming all of your individual information, you can select CFA Level 1 and make payment with your credit card. Finally, you will get the confirmation that you have successfully made the payment and at that time, you really have to study hard for the real exam in the following months.
CFA Level 1 Exam Fees
This table will show you the fees of CFA Level 1 Exam in both June and December:
|Early registration fee||$650|
|Standard registration fee||$930|
|Late registration fee||$1,380|
Which materials are useful for CFA Level 1 Exam
120-hour Video Lecture
When reading every topic, you need to watch the video lecture which is about 120 hours for Level 1. This video will be the summary for each topic in which we can solve the questions as well as the important concepts that we need to know for the exam. Moreover, we can relate the CFA curriculum to the real-life events and become familiar with the practical application. After watching the video lecture, all of the candidates can know what you need for the exam.
Curriculum questions at the end of each chapter
When understanding each topic, you need to try to solve the curriculum questions at the end of each chapter. You are recommended to do these questions after reading every chapter as you can apply what you have learned immediately.
CFA Institute provided questions
Moving to the next one, you need to access to the CFA Institute website and find out the questions from the Candidate Resource Section. You can start solving these questions after you finish the entire topic.
After completing all of the questions, you are highly recommended to read the whole CFA Curriculum again. The reason for this is that sometimes, in the CFA Exam, there might be a number of questions on a single line that was quote to be seen in the curriculum. As a consequence, if you do not start reading the curriculum again after doing the questions, you tend to miss these quotes. By doing this, you can have the comprehensive set of preparation for the exam.
I hope my sharing about CFA Level 1 Exam will help you a lot. In case you need any further information, do not hesitate to contact me anytime.