CFA LEVEL I EXAM PREP
Proven Exam Prep for Each Level of the CFA Program
CFA Level I
Level I of the CFA exam tests your knowledge and comprehension of investment tools and ethical and professional standards. Level I builds a baseline of knowledge across financial topics that will be expanded on in later levels.
CFA Level II
Level II of the CFA exam tests your application and analysis. Level II focuses on asset valuation and how you apply standards to situations that analysts face in the real world.
CFA Level III
Level III of the CFA exam requires demonstration of the same skills as Level II, but tests your ability to make and write about judgment calls. At Level III, you’ll also choose a specialized pathway directly related to your career goals.
2025-2026 CFA Level I Exam Study Packages
Choose a study package that aligns with your specific needs, learning style, and budget. Choose your Level I study package today, and give yourself the best chance to pass on exam day.
2025 Exam
2026 Exam
Ultimate
$1,449.00
Premium Package for th...
$1,049.00
Essential Package for ...
$799.00
Basic Package for the ...
$379.00
CFA Level I Individual Study Materials
Did you know? Level I Candidates Are More Likely to Pass with Schweser.
The first exam in the CFA Program tests your knowledge and comprehension of investment tools and ethical and professional standards. The Level I curriculum focuses on recalling formulas and definitions from memory and builds a baseline of knowledge across financial topics that will be expanded on in later levels. Despite this, the historical average pass rates for the Level I exam are the lowest of all three levels, with only 41% of candidates passing. When you prep with a Schweser study package, you’ll master the entire Level I curriculum with the must-have SchweserNotes™, online Masterclasses taught by the industry’s largest team of CFA instructors, and thousands of unique practice questions. In addition, you can experience exam day with our Mock Exam Sim Mode, which simulates the interface, format, difficulty, and length of the actual CFA exam (also available in-person at Prometric® exam centers).
CFA Level I Exam Prep Details
CFA Level I candidates concentrate on the tools and concepts related to investment valuation and portfolio management, as well as an overview of how these processes fit within the guidelines of the CFA Institute Code of Ethics and Standards of Professional Conduct.
Level I Exam Details
Exam Format: Computer-based, multiple-choice
Attempts Allowed: Up to six per level
Exam Windows: February, May, August, November
Question Breakdown:
180 total questions (split into two sessions)
Session 1 & 2: 90 questions each (2 hours 15 min per session)
Insights from the CFA Program Survey
14%
CFA Level I exam takers who worked in financial roles the year before and the year after passing the Level I exam stated they received a 14% earnings increase
45%
CFA Level I exam takers reported being more satisfied with their career trajectory after passing the Level I exam
71%
Successful CFA Level I exam takers agreed that the CFA curriculum is valuable in their career
Still have questions? Talk with our CFA exam prep experts to eliminate guesswork and create your Level I study plan.
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