The first level of the CFA is a difficult introduction to the exam. With pass rates in the 40th percentile, slightly varying by year and month, it’s a difficult test that is split into two 3-hour sections. Consisting of 240 multiple choice questions, you have to fully grasp an enormous amount of content.
Level I of the CFA covers a significant range of topics: Ethical and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Portfolio Management, Equity Investments, Fixed Income, Derivatives, and Alternative Investments.
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