![]() Level I of the CFA exam is definitely challenging. Knowing this format will help you start thinking along those lines as you study. Both sessions cover all of the topics according to their weights, so be prepared to answer questions about each topic in both sessions. The exam is divided into a morning session and afternoon session, and each has questions. There are equally-weighted questions starting inthere will be only questions with a focus on investment, and each question has three answer choices. The format of the Level I exam is multiple-choice. Otherwise, it will be more difficult to pass the exam. Make sure you are really on top of those four topics. The topics and weights change regularly, but these are the most recent topics and weights shared by CFA Institute in Although the weights are variable which means they are subject to changeyou can see that the ones with the most weight are ethical and professional standards, financial reporting and analysis, equity investments, and fixed income. This article is a practical, step-by-step guide to passing Level I of the CFA exam based on tips and guidance from Kaplan instructors and successful CFA charterholders. If so, you might have heard all kinds of opinions about how hard it is and what you can do to pass the CFA Level I exam. ![]()
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