CFA Level 1 Practice Exam 2026 – Your All-In-One Guide to Mastering the CFA Exam!

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Common questions

Answers before you start.

What topics are covered in the CFA Level 1 exam?

The CFA Level 1 exam encompasses a wide range of topics including ethics, quantitative methods, financial reporting, corporate finance, equity investments, fixed income, derivatives, and alternative investments. These subjects are fundamental to understanding investment principles and preparing for a finance career.

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How can I best prepare for the CFA Level 1 exam?

To excel in the CFA Level 1 exam, a structured study plan is crucial. Utilizing comprehensive study materials, including textbooks and online platforms, can significantly enhance preparation. Engaging with mock exams is essential to familiarize yourself with the exam format and types of questions, and practicing regularly is key.

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What is the format and duration of the CFA Level 1 exam?

The CFA Level 1 exam consists of 240 multiple-choice questions, divided into two sessions of 120 questions each. Each session is 135 minutes long, and the exam tests your knowledge across various finance topics, requiring both analytical skills and factual recall.

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What is the average salary for a CFA charterholder?

CFA charterholders can expect competitive salaries, commonly ranging from $80,000 to over $150,000 annually, depending on location and experience. In major financial hubs like New York City or London, salaries tend to be higher, reflecting the demand for qualified finance professionals.

How often is the CFA Level 1 exam offered?

The CFA Level 1 exam is offered multiple times a year, typically in February, May, August, and November. Candidates should check the CFA Institute's official schedule for specific dates and registration deadlines to ensure they can sit for the exam during their preferred window.

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What candidates say

Real feedback from Passetra users.

4.38

34 reviews

Rating breakdown

95%

of customers recommend this product

Shanice P.
After working through the content, I feel a bit overwhelmed. The questions are challenging, but they’re helping me improve. I'll keep pushing through! I'm aiming for more practice before the big day.
Kevin R.
The course exceeded my expectations in covering vital concepts. I found the questions to be of a considerable standard that closely mirrors the exam format. It provided the challenge I needed. Can’t recommend this enough!
Nina H.
As I'm still in the early stages, I can see how beneficial this resource will be. The flashcards are helpful, especially for quick review sessions. I appreciate the flexibility the app offers—life just got a little easier!

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