Everything You Need to Pass the CFA® Level I Exam
2,000+ Question QBank, Flashcards, and Mock Exams
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CFA Product recognized for Learning Management Solution (LMS), Test Prep Solution and Testing and Assessment Solution
The Efficiency of an All-Digital Approach for CFA Exam Preparation
I am in love with UWorld, the questions and answers they provide are fantastic, and even the way of explaining answers are excellent. I have never seen questions answered to this extent until discovering UWorld."
I have used other well-known CFA providers and found the questions provided by UWorld to be very targeted in honing on the highly essential practice problems needed for success. I’m also a big fan of the available option to create flashcards; it’s been hugely beneficial so far."
It was better than I expected with UWorld coming new into CFA. The visuals and explanations helped me better understand the content."
Key Product Features
Performance and improvement tracking
- Conveniently track your study progress
- Quickly identify strengths and weaknesses
- Compare results with your peers
Train Your Brain to Retain (and pass!)
UWorld’s flashcards with spaced repetition enhance your prep by repeating difficult concepts in definitive intervals for optimized memory retention. Our Active-Learning QBank and smart flashcards will ensure you learn the material and commit it to memory. Your superior retention and recall on test day will give you the competitive edge to pass the first time.
Customize Your Study Sessions
Customizable study sessions with spaced repetition are now integrated within the Study section of the QBank, enabling you to use this proven study method with flashcards containing UWorld content.
Easily Create Custom Flashcards
Use our intuitive editing tools to quickly create your own custom decks using images, graphs, tables, formulas, and text. Now you are ready to tackle the areas that YOU need to improve.
NEW! Start Studying Now With ReadyDecks
Browse hundreds of pre-filled and ready to use flashcards that cover the most critical formulas, concepts, and examples across all the chapters.
An Efficient & Flexible CFA Prep Course
With only 24 hours each day to balance your busy lifestyle and pursue your CFA charter, our platform is designed to give you precisely what you need to pass the CFA exam—nothing more, nothing less. Our in-depth explanations, paired with straightforward illustrations and images, for correct and incorrect answers, give you a better understanding of difficult CFA concepts. Our unique active-learning platform focuses on doing and practicing, versus long video lectures and books that become quickly outdated.
Easy to Use Platform
Why choose UWorld CFA / Finance?
A name you can trust
Our comprehensive active-learning approach has helped over 1 million test-takers pass their high-stakes exams.
We are finance experts
The CFA Level 1 Practice questions are written by experienced CFA charterholders who are top financial academics and teaching professionals.
Our unrivaled explanations and content-rich rationales for both correct and incorrect answer choices set us apart.
Designed with you in mind
Our CFA prep course features an intuitive digital interface with advanced note-taking functionality and portability to suit your busy lifestyle.
Mock Exams: Know When You’re Ready To Take the CFA Level I Exam
- UWorld’s Mock Exams closely replicate the actual CFA L1 exam experience to help you prepare and boost your confidence on test day.
- Like the real exam, our mock exams consist of two 2-hour, 15-minute sessions, each with 90 multiple-choice questions spanning multiple subjects and not included in the standard QBank.
- Switch to CFA Mode and your screen simulates the real Prometric® interface preparing you for the actual test day environment.
- Identify your development areas and compare your relative ranking to other users.
Frequently Asked Questions
- Obtain a bachelor’s degree or be completing the final year of a bachelor’s degree
- Have at least four years of full-time professional work experience
- Possess a combination of education and work experience that totals at least four years
Composed of 180 multiple-choice questions, the CFA Level I Exam is offered in a single day in two sessions—morning and afternoon. Each exam session lasts 2 hours, 15 minutes (4.5 hours total), and includes 90 questions covering multiple curriculum topics.
- Sentence completion with three unique choices
- Questions with three unique choices
- Ethical and Professional Standards,
- Investment Tools,
- Asset Classes,
- Portfolio Management
|Quantitative Methods||8 – 12%|
|Economics||8 – 12%|
|Financial Reporting and Analysis||13 – 17%|
|Corporate Issuers||8 – 12%|
|Equity Investments||10 – 12%|
|Fixed Income||10 – 12%|
|Derivatives||5 – 8%|
|Alternative Investments||5 – 8%|
|Portfolio Management||5 – 8%|
|Ethical and Professional Standards||15 – 20%|
Due to its incredible difficulty, it would benefit CFA candidates to study with a third-party CFA prep provider like UWorld, in addition to the Level I CFA curriculum provided by the CFA Institute. It also helps to create a study plan you can keep up with and prepare with a provider that offers:
- An active-learning approach where you take control of your preparation
- Detailed explanations that give you an in-depth rationale for each correct and incorrect answer
- Flashcards with spaced repetition to boost your memory retention and recall on exam day
- Mock exams that resemble the actual exam, so you know what to expect on test day
- Performance monitoring so you see your progress and identify areas of improvement
The short answer is yes, but there’s more to it. Sure, the CFA Institute sends CFA candidates the entire curriculum for their registered level; however, preparing for the CFA Exam using just the CFA Institute curriculum won’t be enough for most candidates.
Such a difficult exam probably warrants taking advantage of all the help you can get. That’s where studying with a CFA prep provider can make all the difference.
The three CFA Exam levels are arguably the most challenging tests you will ever take. Pass rates for Levels I and II remain below 50%, and the 10-year weighted average CFA® exam pass rate for Level I is less than 40%.
With the lowest pass rate of the three levels (around 41 or 42%), it is fair to argue that the CFA Level I Exam is the hardest of the three CFA Exams, especially for CFA candidates without a finance background. The CFA Exam is particularly challenging because most candidates have to balance working with studying for the exam.
The 10-year weighted average CFA Exam pass rate for Level I is less than 40%, which is the lowest among all three exam levels.
The CFA Institute recommends that CFA candidates study at least 300 hours on average to succeed on the exam.
CFA candidates must pay a one-time enrollment fee of $450 when registering for the CFA Level I Exam (not charged in subsequent levels). Candidates should also prepare to spend between $700 and $1,000 in registration fees; filing by the early registration deadline will cost you $700, while the standard registration fee is $1,000.
In addition to enrollment and registration fees, CFA candidates should also consider the costs associated with purchasing third-party CFA prep materials.