CFA Level I test-day preparation
Practise with an approved calculator and check your appointment instructions.
- Questions and time
- 180 questions · 270 minutes
- Pass mark
- Minimum passing score set by CFA Institute
- Exam fee
- Varies by registration window; check the selected sitting before payment.
Start with 10 free questions to find what needs more work. No sign-up, with answer explanations.
Try 10 free questions and see your levelPut what you just read into practice
Start with 10 free questions to find what needs more work. No sign-up, with answer explanations.
Try 10 free questions and see your levelPassport and calculator
Read the current test-center instructions in your appointment confirmation. Bring the required valid passport and an approved calculator. Approved families are the Texas Instruments BA II Plus and Hewlett Packard 12C, including variants specifically listed in the policy. You cannot borrow or share a calculator.
Timing and question format
Level I uses three-choice questions in two sessions, each with 90 questions and 135 minutes. Budget about 90 seconds per question. Wrong answers carry no additional penalty.
After the exam
Do not disclose exam questions after the exam. Complete the required Practical Skills Module by the official deadline to receive your results.
Finished reading? Try a set of questions
Start with 10 free questions to find your weakest units. Keep practising with the full question bank and mock exams from SAR 26.
Sources and references
- CFA Institute — level i exam cfainstitute.org
- CFA Institute — cfa calculator policy cfainstitute.org
- CFA Institute — exam day preparation guide cfainstitute.org