A brief prologue on CFA level 1 Training Classes

CFA level 1

Table of Content

  • When CFA exam is conducted?
  • What is the CFA level 1 eligibility?
  • What are the CFA exam fees?
  • What are the subjects for CFA level 1?
  • What is the maximum number of hours required in CFA level 1?
  • Is CFA level 1 difficult?
  • Which topics are easy and difficult in CFA level 1?
  • What is the pass mark for CFA level 1?
  • Which study material is best for CFA level 1?
  • What are the career options after CFA?
  • Is CFA better than MBA?
  • Who earns more CFA or CA
  • The CFA programme aims to master candidates in investment analysis and to help them learn and develop. No matter if you are a working professional or a student or want to switch careers, CFA will help you achieve your professional goals.

    Charter Holders often believe that the CFA program helps in both expanding their knowledge and advancing their career.

    When CFA exam is conducted?

    There are three levels in CFA exam and is conducted by CFA Institute

    CFA level 1- February, May, August, November

    CFA level 2- August, November

    CFA level 3- February, May, August

    What is the CFA level 1 eligibility?

    The candidate must have:-

    • Bachelor's degree or be a final year student
    • 4000 hours of professional work experience either full time or investment related
    • Have Passport
    • Meet the Professional Conduct Admission Criteria
    • Live In a Participating Country

    What are the exam fees?

    Required One-time Enrolment Fee: $450 USD (one-time fee for the candidates giving CFA level 1 exam exam for the first time)

    Early Registration Fee:$700

    Standard Registration Fee:$1,000

    What are the subjects for CFA level 1?

    Topics Weightage
    Ethics 15%-20%
    QUANTITATIVE METHODS 8%- 12%
    ECONOMICS 8%-12%
    FINANCIAL REPORTING AND ANALYSIS 13%-17%
    CORPORATE FINANCE 8%-12%
    EQUITY INVESTMENTS 10%-12%
    FIXED INCOME INVESTMENTS 10%-12%
    DERIVATIVE INVESTMENTS 5%-8%
    ALTERNATIVE INVESTMENTS 5%-8%
    PORTFOLIO MANAGEMENT 5%-8%

    What is the maximum number of hours required in CFA level 1?

    To clear CFA level 1, the candidate needs to study for 300 hours. If the candidate is studying full time, then the CFA course can be completed in three months, else candidate takes eight months to complete the syllabus. 

    Is CFA level 1 difficult?

    All of the CFA exams are difficult in general, but candidates can enhance their chances of passing by studying for 300 hours.

    Which topics are easy and difficult in CFA level 1?

    CFA level 1 candidate has witnessed:-

    Challenging topics

    • Fixed Income
    • Financial Reporting and Analysis 
    • Derivatives Investments

    Easy topics

    • Corporate Finance
    • Equity Investment
    • Portfolio Management.

    What is the pass mark for CFA level 1?

    To pass CFA level 1, the candidate needs to cover 70% of as many topics as possible. You can go as low as 65% or 63%.

    Which study material is best for CFA level 1?

    • CFA Institute CFA Program Curriculum.
    • Wiley's Level 1 CFA Program Study Guide. g
    • Kaplan Schweser Notes CFA Prep Book

    What are the career options after CFA?

    • Equity Research Analyst
    • financial Analyst
    • Credit Analystx
    • Senior Financial Analyst
    • Equity Research Analyst
    • Corporate Financial Analyst
    • Accountant or Auditor
    • Consultant
    • Credit Analyst

    Is CFA better than MBA?

    We cannot compare a CFA charter and an MBA as they are from a different discipline but on the other hand, we need to evaluate both the qualifications from a career perspective and the cost involved in these courses.  CFA charter focuses more on the practicality whereas MBA finance is focused more towards theory. If you are planning to build a career in asset management, private wealth management, equity research, then you should go for CFA. The CFA Program connects candidates to a global professional network of investment professionals. MBA candidates also have a good connection with industry professionals.

    Who earns more CFA or CA?

    Both the certifications are great add-ons to your resume as well as career booster. Both CFA and CA are related to finance.