Level I CFA® Exam Overview
What is the CFA® Certification
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Charter Holders often find the CFA® to both expand their knowledge and advance their career.
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97% of charter holders report an improved investment understanding according to a June 2017 Candidate Survey from the CFA Institute.
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The overwhelming majority of charter holders use the curriculum as their primary resource.
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Charter Holders gain access to a global community of investment professionals with CFA® local societies in nearly every major city worldwide.
A Real Return on Investment
The Charted Financial Analyst (CFA®) Exam is administered in three levels, by the CFA Institute in over 170 cities worldwide. The CFA® curriculum prepares candidates to be effective and ethical investment management professionals.
In addition to passing the three exam levels, the CFA® institute has a diverse set of requirements including:
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Holding a bachelor’s degree
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Four years of professional work experience
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Own an international travel passport
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Able to take the exams in English
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Meet the professional conduct admission criteria
For those who are curious, we have outlined the 2020 curriculum.
2020 CFA® Program Curriculum Changes
What are the Changes to the Level I CFA® Exam in 2021?
The CFA® Institute has decided to overhaul the Level I exam. Starting with the Level I February 2021 exam, the following changes will be enacted to determine CFA® certification:
- The Level I exam will move from a pencil and paper exam to a computer administered exam
- The Level I exam will now have 180 questions, down from 240 questions
- There will now be four opportunities to take the Level I exam every year
- The exam will be offered every quarter in February, May, August and November
- The exam will be offered in an approximate 7 day window
- The exam will have two sessions; a morning session with 90 questions spanning 2 hours and 15 minutes and a mirroring afternoon session
December 2020 Enrollment and Exam Fees
Required One-time Enrollment Fee: $450 USD
- One-time fee for first-time registrants of the Level 1 Exam
Early Registration Fee: $750 USD
- Early Registration is closed
Standard Registration Fee: $1,000 USD
- Standard Registration periods end on August 19th, 2020
Late Registration Fee: $1,450 USD
- Late registration periods end on September 9th, 2020
February 2021 Enrollment and Exam Fees
Required One-time Enrollment Fee: $450 USD
- One-time fee for first-time registrants of the Level I Exam
Early Registration Fee: $750 USD
- Early Registration beings late June, 2020 through August 13th, 2020
Standard Registration Fee: $1,000 USD
- Standard Registration begins on August 14th, 2020 through November 3rd, 2020
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