The CFA Level 1 exam is the first step toward earning the prestigious CFA certification (Certified Financial Analyst) offered by the CFA Institute. Understanding the exam pattern and marking scheme is essential for effective preparation and better performance.

In this guide, we’ll explain the complete CFA Level 1 exam pattern, including format, subjects, question distribution, and marking system.

📘 Overview of CFA Level 1 Exam

The CFA Level 1 exam focuses on testing your knowledge of basic financial concepts, investment tools, and ethical standards.

Key Highlights

• Conducted by: CFA Institute
• Mode: Computer-Based Exam (CBT)
• Level: Entry-level (Level 1)
• Focus: Fundamentals of finance and investment

📝 CFA Level 1 Exam Pattern

The exam is divided into two sessions, each designed to test different areas of the syllabus.

⏱️ Exam Structure

• Total Questions: 180
• Session 1: 90 questions
• Session 2: 90 questions
• Time per session: 135 minutes
• Total Duration: 4.5 hours

📊 Question Format

• Multiple Choice Questions (MCQs)
• Each question has 3 options
• Only one correct answer

👉 The questions are designed to test conceptual understanding and application.

📚 CFA Level 1 Subject Weightage

Here’s the approximate topic-wise weightage:

👉 Focus more on high-weightage subjects like Ethics and Financial Reporting.

📈 CFA Level 1 Marking Scheme

✔️ Scoring System

• Each correct answer: +1 mark
• No negative marking
• Unanswered questions: 0 marks

👉 Since there is no negative marking, attempt all questions.

🎯 Minimum Passing Score (MPS)

• The CFA Institute does not officially disclose the passing score
• Estimated MPS: Around 65%–75%

👉 The passing score may vary depending on exam difficulty.

📅 Exam Frequency

• Conducted multiple times a year (Feb, May, Aug, Nov)
• Flexible scheduling options

📍 CFA Classes in Pune

To prepare effectively for the CFA Level 1 exam, many students enroll in:

• CFA Classes in Pune
• Online coaching programs
• Mock tests and practice sessions

Proper guidance can help you understand the exam pattern better.

💡 Preparation Tips for CFA Level 1

• Understand the exam pattern thoroughly
• Focus on high-weightage topics
• Practice mock tests regularly
• Revise formulas and concepts
• Attempt all questions during the exam

🏁 Final Thoughts

The CFA Level 1 exam pattern and marking scheme are designed to test your foundational knowledge in finance. With proper planning and understanding of the structure, you can significantly improve your chances of success.