CFA Level 1 Certification

CFA Level I exam is the first level of qualification under the CFA certification program offered by the CFA Institute. Ideal for finance professionals working or entering in the investment field and banking sector, CFA ... Level I training can be availed by professionals who want to increase their expertise and marketability in the finance domain. Simplilearn's CFA Level I training program includes CFA Level I classroom training, online CFA training course and live Virtual Classes (LVC) coupled with CFA Level I practice tests.

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About CFA Level I Certification Training

  • About CFA Level I Certification

    CFA Exam is conducted by the reputed CFA Institute. CFA charter program includes three levels of qualifying exams. One can register for only one exam at a time. Each exam is conducted in two sessions (morning and afternoon) with duration of 3 hours for each session. CFA Level I is the first level of qualification within the CFA certification program. CFA Level I exam includes 240 multiple choice questions based on basic knowledge on investment tools.

  • Best Suited

    Any finance or investment professionals who are looking forward to move ahead in their career with a coveted CFA certification are the ideal participants for CFA® Level I exam.

  • CFA Level I Certification Benefits

    • Globally recognized professional certification in finance domain
    • Demonstrates one as a skilled finance and investment professional
    • Demonstrates one's practical skills on finance
    • Better opportunities in career field as compared to non-credential peers
    • Qualified for attempting the CFA Level II exam towards achieving the CFA charter.
    • Suitable for December, 2013 Batch

  • Objective

    Understand investment analysis, portfolio management and related concepts to perform better in finance roles, especially in the investment banking sector.

  • Who should attend?

    CFA program is suitable for

    • Investment professionals who want to enhance their professional abilities
    • Career changers (non-investment professionals) to gain broader professional expertise and to make a career change into the investment profession
    • Students who want to enter finance or investment profession

  • CFA Exam Pre-requisites

    The main eligibility requirements for a candidate are:

    • A completed bachelor's or equivalent degree, OR
    • Be in the final year of a bachelor's degree program at the time of registration, OR
    • Have 4 years of professional work experience – can be non-investment related, OR
    • Have a combination of full time professional experience and college education that totals at least 4 years

    In addition to the education requirements a candidate must have a valid international travel passport.

  • Exam Structure

    CFA Exam has three levels which need to be passed sequentially in order to gain the CFA Charter. Level I exam is scheduled in June and December (first Saturday) each year and Level II exam is scheduled only in June (first Saturday) every year. One can register for only one exam at a time. Each exam is conducted in two sessions (morning and afternoon) with duration of 3 hours for each session.

     

    Exam Focus

    Question Format

    No. of Questions

    Level I

    Basic knowledge focused on investment tools some analysis

    Multiple Choice Questions

    240 (120 in each session)

    Exam Fee Schedule

    For June 2014 Exam (in US $)

     

    First deadline
    25 September 2013

    Second deadline
    12 February 2014

    Final deadline
    12 March 2014

    First time enrolment fee

    Deadline over

    $440

    $440

    Exam Registration

    Deadline over

    $800

    $1,170

    Total

    Deadline over

    $1,240 $1,610

  • FAQs

    Q. What is the accreditation of CFA course of Simplilearn?

    Simplilearn is listed on CFA Institute Prep Providers for CFA Level I training.  We follow CFA Institute Prep Provider Guidelines.

    Q. How can I become a CFA® charter holder?     

    Following criteria needs to be fulfilled to become a CFA charter holder

    • Clear CFA® Level 1, 2, and 3 exams
    • Have four years of qualified investment work experience
    • Become a member of CFA Institute
    • Pledge to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct

    Q. How much time does it take to complete the CFA® program?            

    Completing the program (all three CFA® Levels) usually takes as little as 18 months, but there is no limit on the number of attempts at any exam level or the time taken to complete each level.

    Q. What are the eligibility requirements to appear for the CFA® level 1 exam?   

    The main eligibility requirements for a candidate are:    

    • A completed bachelors or equivalent degree, OR
    • Be in the final year of a bachelor’s degree program at the time of registration, OR
    • Have 4 years of professional work experience – can be non-investment related, OR
    • Have a combination of full time professional experience and college education that totals at least 4 years                                            

    Q. Are there any scholarships for the CFA® program?    

    CFA Institute provides two kinds of scholarships for CFA® exam candidates:

    1. ACCESS SCHOLARSHIPS: This is a needs-based scholarship that can be availed by up to 2500 candidates who are not able to afford the full price of the CFA® program enrollment and registration fees.
    2. AWARENESS SCHOLARSHIPS: Awareness scholarships are awarded in three situations
      • Candidate is sponsored by a full time faculty member who is also a CFA® charterholder in good standing at the student’s university
      • Candidate is a student at a college or university that is part of CFA® Institute’s CFA® Program Partners initiative and University Recognition Program
      • Candidate is a full-time college or university finance professor

    Awareness scholarships bring down the CFA® Program enrollment and exam registration fees to $350, including the CFA® Program eBook. More details on scholarships at the CFA Institute scholarships' page

    Q. What topics will I see on the exam during the morning session or during the afternoon session?

    Traditionally on CFA Level I, all topics included in the CFA Level I exam syllabus are covered in the morning session and the same topics are covered again (with different questions) in the afternoon session.

    Q. If I pass the CFA Level I exam in December, can I register for the CFA Level II exam held the following June?

    Yes, candidates who pass CFA Level I exam in December can register for the CFA Level II exam held the following June. Candidates should consider whether they will have enough time to prepare for CFA Level II exam, given the approximately four-month period remaining until the June exam.

    Q. Do I have to pass each of the individual topic areas in order to pass an exam level?

    No. As long as you achieve a total score above the minimum passing score (MPS) set by the CFA Institute Board of Governors, you would pass the exam regardless of your performance on any individual topic.

    Q. What is the pass rate for the CFA® level I exam?         

    Pass rates for the CFA® level I exam have consistently come down over the years. The pass rate for the June 2012 exam was 38%

  • Structure

    At CFA Level I exam, questions asked are related to basic knowledge and comprehension focusing on asset valuation. Some questions require performing analysis.

    LEVEL I – TOOLS

    • Tools and concepts that apply to investment valuation and portfolio management
    • Basic concepts regarding asset classes, securities, and markets
    • CFA Institute Code of Ethics and Standards of Professional Conduct

    Exam Topic Coverage

    Topic Area

    Level I

    Level II

    Level III

    Ethical and Professional Standards (total)

    15

    10

    10

    Quantitative Methods

    12

    5-10

    0

    Economics

    10

    5-10

    0

    Financial Reporting and Analysis

    20

    15-25

    0

    Corporate Finance

    8

    5-15

    0

    Investment Tools (total)

    50

    30-60

    0

    Equity Investments

    10

    20-30

    5-15

    Fixed Income

    12

    5-15

    10-20

    Derivatives

    5

    5-15

    5-15

    Alternative Investments

    3

    5-15

    5-15

    Asset Classes (total)

    30

    35-75

    35-45

    Portfolio Management and Wealth Planning (total)

    5

    5-15

    45-55

  • Exam

    CFA Level I exam is governed by CFA Institute. Training is not mandatory but advisable. Know more about CFA exam centers and schedule.

Most Popular Courses

CFA Level I Training Types

  • Classroom Training Training Type

    Chartered Financial Analyst (CFA) Level I classroom training is ideal for CFA aspirants who want to attend classroom sessions delivered by a highly qualified and experienced instructor. CFA Level I is the first level of qualification within CFA certification program governed by the CFA Institute. Simplilearn brings to you interactive classroom training sessions on CFA exam preparation. Our CFA Level I classroom training program is coupled with free e-learning access and practice tests. Participants earn PDUs at the end of the CFA training.

  • Online Self Learning Training Type

    CFA Level I online training is designed for professionals who want to prepare for CFA Level I exam from the comfort of their home. Simplilearn brings to you CFA Level I online training that gives you the liberty to study CFA exam topics at your convenience. Our CFA online training program includes audio-video chapters with quizzes at the end of each chapter. Chapters on usage of financial calculators included with the training program. Candidates can also avail practice tests prepared by experienced trainers for extensive practice. We also provide downloadable eBook for better insights.

  • Instructor Led Online Classroom Training Type

    CFA Level I virtual classroom training program is ideal for those who want to avail the benefits of classroom training from the comfort of home. Simplilearn offers CFA Level I virtual training sessions that let you understand CFA concepts from an experienced instructor online. Candidates can learn, interact with a trainer and prepare for the CFA Level I exam at their own convenience. Our virtual training program includes live virtual classes, free access to e-learning and full-length practice tests. We also provide PDUs to candidates at the end of the training program.

  • Practice Tests Training Type

    CFA Level I practice tests are designed for professionals who want to revise their learning on CFA concepts and experience a feel of the actual CFA Level I exam. Simplilearn offers CFA Level I exam prep tests that serves best for last minute brush up of concepts before the exam. CFA Level I practice tests are prepared by experienced CFA instructors based on the CFA Level I exam syllabus. Each practice test includes 240 multiple choice questions with answers and detailed explanation for doubt clearing. Buy 1, 2 or 3 CFA practice tests based on you level of CFA exam preparation.

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