Elevate potential
Industry Sense
Jamie Dimon, CEO, JP Morgan Chase, during the Business Roundtable CEO Workforce Forum in Washington, DC, US, (Bloomberg)
Says several schools are failing to provide the specialised training students need -bottleneck is skills, not head count, and urged schools to embed industry credentials in their curriculum so graduates can “get out and get a good job".
Skills that scale
Project Finance Modeling
Whether you're aiming for a finance role or raise capital, this course gives you the complete know how, what actually works in the field:
- Evaluate greenfield & brownfield project proposals with real-world frameworks
- Structure term loans, working capital plans & debt syndication
- Engage with commercial banks, IFC, ADB & institutional lenders
- Tap into green finance and ESG-aligned funding sources
- Build and analyze feasibility models that drive decisions
- Learn through live case studies and industry-aligned simulations
- Perfect for MBA students and early-career finance professionals
The project finance course that speaks to banks & financing institutions in their language.
Path to CFA level 1 success
CFA MasterTrack is a 150-hour live online mentoring program designed to help you confidently clear CFA Level 1 on your first attempt — with structure, expert support, and real-world insight.
Why Choose CFA MasterTrack?
End-to-End Coverage: Complete CFA Level 1 syllabus, delivered with clarity and precision
Expert Mentors: Learn from investment bankers and finance pros from Deloitte, PwC, and global institutions
Live, Interactive Sessions: Real-time learning with instant doubt resolution
Recorded Access: All sessions available for flexible, anytime revision
Career-Relevant Prep: Focus on both exam success and practical application
Global Schedule: Attend from anywhere — built for working professionals and students
One Fee Till You Pass: Enroll once, stay supported till you succeed
Whether you're starting your finance journey or upskilling for your next move, CFA MasterTrack is your trusted partner.
CFA Level 1 Exam prep starts here
Stock Market BluePrint
Want to Invest and build wealth in Stock Market? Invest in yourself first.
A complete, course built for retail investors at any stage — students, housewives, retirees, or first-time traders. Learn what actually works in the markets, not just what’s trending on social media.
- Basics to advanced stock & derivatives trading
- Real-world strategies — not social media noise
- Focus on capital protection & risk management
- Technical + fundamental analysis simplified for action
- Understand market participants & trade types
- Self-paced learning with daily market insights
- Built for aspiring retail investors who want results
Master the Markets. Protect Your Capital. Trade with Purpose.
Advance Derivatives
Krawl Edutech’s Advance Derivatives Course turns complexity into clarity — no prior trading experience needed. Whether you're an aspiring trader or a finance pro, this is where theory meets real-world execution.
Fundamentals of futures, options, and swaps
How to hedge, speculate, and arbitrage like a pro
Build risk-managed strategies for volatile markets
Practical tools and models used by analysts and CFOs
Deep concept clarity with real trading simulations
Master the markets where risk becomes strategy. De-risk with derivatives.
Advanced Statistics: Build Practical Statistical Skills for the Modern Business Landscape
This industry-aligned program is tailored for:
- Aspiring MBA/BBA candidates in Marketing, Finance, and Business Intelligence
- Individuals exploring stock market and derivatives trading
- Professionals transitioning into data science, market research, or business analytics
- Early-career professionals seeking a data-driven edge in strategic roles
No prior background in statistics or finance required — just a commitment to up-skilling for today’s competitive environment.
Foundation for Data Science, BI, and niche finance careers
Explore Courses
Derivatives
A must skill as the world gets riskier. Don’t Just Hedge — Understand. Predict. De-risk with Derivatives.
Super charge your skills.
In this increasingly inter-connected, dynamic and fluid world; whether you're a finance student, CFA/FRM candidate, trader, analyst, investment banker, or a curious investor — derivatives' skills is a game-changer. Derivatives like options, futures, and swaps are powerful tools applied globally to hedge risk, boost returns, and navigate volatile markets. Equips yourself with real-world strategies, hands-on modeling, and the clarity to master complex instruments. In today’s financial landscape, understanding derivatives isn’t optional — it’s essential for standing out and succeeding in high-impact finance roles.
Skill that prepares you for multiple areas
- Risk Management Expertise
- Trading Strategy Development
- Portfolio Optimization
- Financial Market Fluency
- Pricing & Valuation Skills
- Career Advancement in Finance
- Practical Excel Modeling & Tools
Learn "Derivatives"
Designed considering industry requirements, integrating theory and application incorporating real-world use cases including examples from energy and wider infra use case. By focusing on scenarios commonly encountered by market practitioners, the program ensures that learners are equipped with immediately applicable skills, enabling a seamless transition into professional roles upon course completion.
Derivatives is a universal power skill — essential for anyone navigating modern finance.
Project Finance Modeling
Why You Should Take This Course
Project finance modeling is a critical skill for anyone involved in evaluating large-scale infrastructure, energy, or industrial ventures. Whether you're working on greenfield developments or brownfield expansions, the ability to model capital outlays, cash flows, and debt structures is essential for assessing financial viability. This course is ideal for professionals in corporate finance, investment banking, project development, or consulting. By the end, you’ll be equipped to create bankable models that meet the expectations of commercial banks, private equity firms, and global financial institutions like IFC and ADB—making you deal-ready from day one.
Statistics
Data is gold in this new world, learn to create value and sense.
Advanced statistics is a must-have skill for professionals in finance, data science, consulting, and beyond. This course prepares you to apply statistical tools in real-world business and technical contexts.
For Consulting & Strategy:
Solve problems across market sizing, performance benchmarking, and digital transformation
Build credibility with top firms like McKinsey, BCG, Bain, and the Big Four (Deloitte, PwC, EY, KPMG)
Translate statistical findings into strategic client insights
For Emerging Domains:
Detect threats in cybersecurity via anomaly and pattern analysis
Uncover fraud using predictive scoring and transactional anomaly detection
- Optimize operations with data-driven, statistical approaches
For Finance & Investing:
Enable accurate stock market analysis, risk modeling, and portfolio optimization
Forecast economic trends using time-series models and regression
Apply statistical techniques to support valuation and asset allocation
For Data Science & Analytics:
Master regression, hypothesis testing, and time-series analysis
Extract actionable insights from complex datasets
Use Python-based modeling to power real-world machine learning workflows
Career Impact:
Stand out in finance, tech, and consulting roles with quant-driven decision-making
Gain job-ready statistical skills applicable to real business challenges
Learn how to turn data into a strategic advantage
CFA: FAQs
How to Start the CFA Journey? Complete Beginner's Guide
The CFA (Chartered Financial Analyst) Level 1 exam is the first step in one of the most prestigious finance certifications in the world. Offered by the CFA Institute, it’s designed for aspiring investment professionals, portfolio managers, equity analysts, and anyone serious about a career in finance. CFA Level 1 focuses on building a strong foundation in investment principles. It covers ten core topics: Ethics, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management. Ethics and Financial Reporting are especially important—they carry higher weight and are heavily tested. The exam itself is a computer-based test conducted four times a year. It includes 180 multiple-choice questions split over two sessions (morning and afternoon), each lasting 2 hours and 15 minutes. There’s no negative marking, but don’t expect it to be easy—pass rates historically hover around 40%.
Who should consider it? CFA Level 1 is ideal for finance graduates, working professionals in banking or asset management, or career switchers looking to enter the finance industry. It’s globally recognized and signals a serious commitment to professional growth. However, a person from a non-finance background can pursue the CFA charter—and many do successfully. The CFA Program is open to graduates from any discipline. Whether you're from engineering, science, arts, or even law, as long as you have a bachelor’s degree (or you're in your final year), you’re eligible to register. What really matters is your interest in investment and finance, and your willingness to put in the work.
Why pursue it? The CFA charter is a gold standard in finance. Clearing Level 1 proves you have a solid grasp of financial concepts and analytical skills—key for landing jobs in investment banking, equity research, portfolio management, and beyond.
How long should you study? Most candidates spend 300+ hours preparing. You’ll need discipline, especially for topics like Financial Reporting or Derivatives, which can be complex. Whether you're starting from scratch or already in finance, CFA Level 1 is your gateway to becoming a globally respected finance professional. It’s tough—but absolutely worth it.
To start your journey with confidence, explore Krawl Edutech’s offerings. Choosing the right preparation path can make all the difference. Krawl’s comprehensive approach ensures that you are ready for every aspect of the CFA Level 1 exam.CFA Full Form, Syllabus & Career Path: Quick Intro Guide
The full form of CFA is Chartered Financial Analyst, a globally respected credential and the registered trademark of the CFA Institute, USA. It is widely regarded as the gold standard in investment management and financial analysis. Krawl Edutech is an independent education provider and has no affiliation with the CFA Institute. The CFA Institute does not endorse, promote, or warrant the accuracy of the products or services offered by Krawl Edutech.
CFA Syllabus Overview
The CFA Program is structured into three levels—Level I, II, and III—each building progressively on investment knowledge and analytical skills:
- Level I lays the foundation with topics like ethics, financial reporting, economics, and quantitative methods.
- Level II dives into asset valuation, covering equities, fixed income, derivatives, and more through case-based applications.
- Level III is all about portfolio management and wealth planning, integrating concepts across the syllabus to form strategic insights.
Each level requires serious prep—about 300+ hours of study is the norm.
Career Path After CFA
Earning the CFA charter opens doors to top-tier finance careers. Popular roles include:
- Equity Research Analyst
- Portfolio Manager
- Risk Manager
- Investment Banker
- Corporate Finance Analyst
- Wealth & Asset Manager
With global recognition, CFA charterholders thrive in investment firms, hedge funds, banks, consulting firms, and increasingly, in fintech.
Why Choose CFA?
The CFA Program is known for its depth, discipline, and ethical rigor. It’s ideal for finance professionals committed to long-term growth in high-impact roles.
While the journey is tough, platforms like Krawl Edutech provide the tools and training to navigate each level confidently—keeping your career on track and future-ready. Choosing the right preparation path can make all the difference. Krawl’s comprehensive approach ensures that you are ready for every aspect of the CFA Level 1 exam.
CFA Level 1 vs Level 2 vs Level 3: What Changes at Each Stage?
The Chartered Financial Analyst (CFA) program is a marathon, not a sprint. Spanning three rigorous levels, it evolves from testing basic financial knowledge to evaluating your real-world application of portfolio management. Let’s break down the key differences between CFA Level 1, 2, and 3 so you know exactly what to expect at each stage of this prestigious journey.
Level 1: Foundation & Terminology
Level 1 is all about the basics—think of it as the “learn the language” stage. The focus is on introducing you to investment tools, ethics, and the foundations of finance. The curriculum covers:
- Ethics and Professional Standards
- Quantitative Methods
- Financial Reporting and Analysis
- Economics
- Corporate Finance
- Equity, Fixed Income, Derivatives, and Alternative Investments
- Portfolio Management
The format is multiple-choice, and the exam tests your recall and understanding of concepts. This level is heavy on definitions and formulas, ideal for building a broad base of knowledge.
Level 2: Application & Analysis
Here’s where the game changes. Level 2 expects you to apply what you’ve learned—no more memorizing definitions. The focus shifts to complex valuation techniques and financial analysis. Case-based vignettes are introduced, requiring you to analyze and interpret data before answering questions. It’s all about:
- Applying concepts in different scenarios
- Mastering accounting and financial reporting nuances
- Performing in-depth equity and fixed income valuation
This level demands attention to detail, critical thinking, and a deeper grasp of real-world application.
Level 3: Synthesis & Portfolio Management
By Level 3, you’re moving from analyst to strategist. This stage is focused almost entirely on portfolio management and wealth planning. Ethics still plays a big role, but here, it’s about integrating all topics into client-focused solutions. The exam format includes essay-type (constructed response) questions along with item sets. You’re expected to:
- Construct IPS (Investment Policy Statements)
- Balance risk-return tradeoffs
- Manage institutional vs. individual portfolios
- Understand behavioral finance in portfolio construction
This level tests your ability to think like a portfolio manager and deliver tailored investment strategies.
Bottom Line
Each CFA level builds upon the last, shifting from knowledge (Level 1) to application (Level 2) to synthesis and judgment (Level 3). Master the transition at every stage and you’re not just passing exams—you’re becoming a world-class investment pro.
Why Live CFA Live Online Classes Work Better Than Self-Study – especially at CFA Level 1
Cracking CFA Level 1 is like trying to drink from a firehose – there’s an overwhelming amount of content, a steep learning curve, and a ticking clock. While many candidates consider self-study the default approach, the reality is that going solo often leads to burnout, confusion, and poor time management. In contrast, live online classes, especially in 2025’s dynamic prep environment, offer structure, support, and serious edge. Here’s why they work better.
1. Structure That Saves You From Chaos
Let’s face it – the CFA curriculum is massive. From Ethics to Quant to FRA, the Level 1 syllabus spans 10 topics with interlinked concepts. Without a clear roadmap, self-study can spiral into random page-flipping.
Live classes offer a proven structure: a fixed schedule, topic sequencing, and regular assessments that pace your preparation. You know exactly what to study and when. It cuts out decision fatigue and ensures consistent progress, which is half the battle.
Many programs (like Krawl Edutech’s CFA MasterTrack) break the syllabus into weekly targets with real-time tracking and reminders – something a textbook can’t do.
2. Real-Time Doubt Solving
CFA Level 1 introduces tricky topics like time value of money, financial reporting mechanics, and probability distributions. You’ll hit walls. The problem with self-study? When doubts arise, you either Google for hours or skip the topic entirely.
Live classes give you instant access to mentors who can simplify concepts and offer clarity on the spot. Whether it's a tough LOS (Learning Outcome Statement) or a practice question that stumps you, having an expert explain it live is a game-changer.
Plus, many platforms allow post-session doubt forums and WhatsApp/Telegram community discussions – so you’re never stuck alone.
3. Accountability That Keeps You Going
One of the biggest reasons candidates fail CFA Level 1 is inconsistent effort. Self-study can turn into a motivational black hole – today becomes tomorrow, and “I’ll study later” becomes “maybe next year.”
Live classes hold you accountable. When you know a session is scheduled at 8 PM and others are showing up, you’re more likely to stick with it. Class tests, weekly reviews, and interaction with peers create external pressure – and that’s a good thing.
This discipline is critical, where distractions are everywhere and attention spans are shrinking.
4. Mentorship and Exam Strategy
Success in CFA exams is not just about content; it’s about strategy – how to manage time, approach tricky MCQs, eliminate wrong options, and revise smart.
Live classes offer mentorship, not just teaching. Instructors share tips on how to decode the CFA Institute’s question style, prioritize high-weightage topics, and avoid common traps. These insights are based on experience, not theory.
Platforms like Krawl Edutech even simulate mock exams under timed conditions with live debriefs – giving you a clear edge over purely self-taught candidate.
5. Community and Support
CFA prep can be isolating. When you’re on your own, motivation dips fast. Live classes connect you with a tribe – fellow aspirants who are hustling just like you. Sharing notes, discussing doubts, celebrating small wins – it all keeps morale high.
Community aspect is even more important, given remote learning fatigue and digital burnout. A live classroom environment – even online – adds the human element that self-study lacks.
Final Word
Self-study can work, but it’s risky – especially for CFA Level 1. The margin for error is thin. Live online classes, when done right, combine the best of both worlds: flexibility and expert guidance. With the right platform, you not only understand the material better but stay on track, stay sharp, and stay sane.
So, if you’re serious about passing CFA Level 1, don’t go it alone. A smart guide can make all the difference.
Top Online CFA Level 1 Classes in India: Features, Fees & Reviews
The CFA Level 1 exam is one of the most challenging exams for finance professionals, requiring a strong foundation in financial concepts and in-depth preparation. In India, online CFA Level 1 courses have become increasingly popular due to their flexibility and accessibility. Here’s a look at the top online CFA Level 1 courses in India, with Krawl Edutech taking the lead in offering an interactive, school-like environment for its students.
1. Krawl Edutech
Features: Krawl Edutech is at the forefront of CFA Level 1 preparation in India. What sets Krawl apart is its comprehensive approach that includes live interactive sessions, personalized mentoring, and an ecosystem built around real-time learning. The course blends self-paced learning with live classes, creating an environment that mimics a modern classroom experience. Students get access to a wide array of study materials, practice exams, and one-on-one support from expert instructors. With a focus on creating a community of learners, Krawl’s platform provides students with the flexibility to learn while maintaining the structure and engagement of a traditional school.
Fees: Krawl Edutech’s CFA Level 1 course fees is competitive compared to the premium education experience it provides, which includes access to live sessions, study resources, and mock tests.
Reviews: Krawl Edutech is highly praised for its engaging and interactive approach. Students appreciate the live sessions, which allow for real-time interaction with instructors and peers, fostering a sense of community. The personalized mentoring is another highlight, ensuring that students get the individual attention they need. Some users have pointed out that the platform’s interface could be more user-friendly, but the quality of the content more than compensates for that.
2. Bloomberg
Features: Bloomberg’s CFA Level 1 course is known for its extensive and robust content. The platform offers a flexible, self-paced learning model that includes study materials, practice questions, and mock exams. Bloomberg’s course is designed to provide in-depth knowledge of CFA concepts through video lessons, readings, and quizzes. While the course is well-structured, it lacks the live interaction that many students find valuable for staying engaged and motivated.
Fees: Bloomberg’s CFA Level 1 program is priced between INR 60,000 and INR 80,000, depending on the package chosen. The fee typically covers access to course materials and practice exams.
Reviews: Bloomberg’s CFA Level 1 course is well-regarded for its comprehensive content and quality resources. However, since it’s primarily self-paced, some students have expressed a desire for more interaction with instructors. This approach might not be ideal for those who prefer a more interactive learning experience, as it does not offer the real-time classroom engagement that other platforms provide.
Summary
In addition to Krawl Edutech and Bloomberg, several other providers offer CFA Level 1 courses in India, with fees typically ranging from INR 60,000 to INR 100,000. These include courses from Kaplan, all of which provide structured resources covering almost entire CFA syllabus. However, what makes Krawl Edutech truly stand out is its 100% CFA Level 1-focused approach. The entire ecosystem of Krawl is designed to recreate a school-like environment through live classes, offering the engagement and interaction students are used to from their regular school experiences.
Unlike Bloomberg and Kaplan, which primarily focus on self-paced learning, Krawl Edutech’s model fosters a community-driven environment where students can interact with instructors and peers in real time. This approach helps bridge the gap between traditional learning environments and the digital world, making students feel more connected and supported in their CFA preparation journey. For students who thrive in structured environments, Krawl Edutech provides a modern-day school experience tailored specifically to CFA Level 1 preparation.
CFA Level 1 Exam Dates & Registration Deadlines
Aspiring finance professionals aiming to earn the coveted CFA designation, your roadmap to success begins with the CFA Level 1 exam. Whether you're preparing for the February, May, August, or November exam windows, understanding the registration deadlines and exam dates is crucial for securing your spot and staying ahead of the game.
Exam Windows for CFA Level 1
The CFA Level 1 exam is offered multiple times a year across four windows:
- February Exam Window: Exam dates fall in the middle of the month.
- May Exam Window: Exams take place during the second half of the month.
- August Exam Window: Expect exams in the latter part of the month.
- November Exam Window: The final exam window of the year happens mid-month.
These dates provide flexibility, allowing you to choose the exam window that best aligns with your study schedule.
Registration Deadlines & Fees
To ensure you're registered in time for your desired exam date, keep an eye on the registration deadlines. Here's a general overview of the key dates for each window:
Exam Window | Early Registration Deadline | Standard Registration Deadline | Exam Fee (Standard) |
February | Early registration typically opens in the preceding spring. | Standard registration typically closes in the summer. | Standard fee: Around $1,290. |
May | Early registration typically opens in the summer. | Standard registration typically closes in the fall. | Standard fee: Around $1,290. |
August | Early registration typically opens in the fall. | Standard registration typically closes in early winter. | Standard fee: Around $1,290. |
November | Early registration typically opens in late fall. | Standard registration typically closes in early spring. | Standard fee: Around $1,290. |
It’s important to note that there’s a one-time enrollment fee of approximately $350 for first-time candidates. Additionally, the CFA Institute offers a variety of scholarships that can reduce fees, which we will discuss below. IN March 2025 the CFA Institute has announced to offer a waiver of $350.
Scholarships to Ease the Financial Burden
For candidates seeking financial assistance, the CFA Institute offers several scholarship opportunities to make the program more accessible:
- Student Scholarship: This scholarship waives the enrollment fee and reduces the exam fee to $600 for eligible students. It’s available to students enrolled in universities participating in the CFA Institute’s University Affiliation Program.
- Access Scholarship: This scholarship is for individuals who face financial barriers to taking the exam. It provides the same benefits as the Student Scholarship, reducing both the enrollment and exam fees.
Applications for these scholarships typically open several months before the registration deadlines, so it’s essential to plan ahead and submit your application on time.
Understanding the Exam Format & Study Requirements
The CFA Level 1 exam is made up of 240 multiple-choice questions, split into two 2.25-hour sessions. Each question assesses knowledge in areas such as ethics, quantitative methods, economics, financial reporting, corporate finance, equity investments, fixed income, derivatives, alternative investments, portfolio management, and wealth planning.
The CFA Institute recommends dedicating around 300 hours of study for Level 1 candidates, which typically translates to 3-4 months of focused preparation. To succeed, you must master the CFA curriculum and stay up to date with any exam revisions. Mock exams are an excellent way to familiarize yourself with the test format and improve your time management skills.
Exam Centers & Locations
The CFA Level 1 exam is administered at Pearson VUE test centers across the globe, including major cities throughout India, the United States, Europe, and Asia. It’s crucial to check the CFA Institute's official website for updated information regarding test center locations, as availability may vary.
Tips for Success
- Early Registration: Secure your spot by registering as early as possible. Early registration often guarantees your preferred exam date and test center.
- Mock Exams: The CFA Institute offers mock exams, which are invaluable in helping you adjust to the exam’s timing and format.
- Stay Informed: Make sure to stay updated by regularly checking the CFA Institute website for any changes in exam dates or registration deadlines.
Conclusion
The CFA Level 1 exam is your first step on the journey to becoming a Chartered Financial Analyst. With multiple exam windows throughout the year, flexible registration deadlines, and various financial aid options, there's no excuse for not taking action. Start planning your study schedule, register on time, and take full advantage of CFA Institute resources to set yourself up for success.
For more details on registration, fees, and scholarship options, visit the CFA Institute’s official website.
CFA Level 1 Exam Pattern: Question Format, Scoring & Duration
The CFA Level 1 exam is a critical milestone for anyone pursuing the prestigious Chartered Financial Analyst (CFA) designation. It is designed to test your foundational knowledge of investment tools, financial reporting, and analysis, among other essential financial concepts. Understanding the exam pattern, question format, scoring system, and duration is essential for effective preparation. Here’s a breakdown of what you need to know:
1. Exam Structure and Format
The CFA Level 1 exam is divided into two sessions—morning and afternoon—with each session consisting of 90 multiple-choice questions. This means you will face a total of 180 multiple-choice questions over the course of the exam. Each question in the exam has three answer choices, and you are required to choose the one best answer. There are no penalties for incorrect answers, so it’s always a good idea to attempt every question, even if you’re uncertain. The exam is administered in a computer-based format at designated testing centers.
The CFA Level 1 exam assesses your knowledge of the CFA Institute’s Curriculum, which includes 10 topic areas. These include:
- Ethical and Professional Standards
- Quantitative Methods
- Economics
- Financial Reporting and Analysis
- Corporate Finance
- Equity Investments
- Fixed Income
- Derivatives
- Alternative Investments
- Portfolio Management and Wealth Planning
Each of these topics is weighted differently, with Financial Reporting and Analysis, Ethical and Professional Standards, and Quantitative Methods being some of the heaviest in terms of the number of questions on the exam. The weight of each topic is specified by CFA Institute and provides a roadmap for prioritizing your study time.
2. Question Format
The multiple-choice questions on the CFA Level 1 exam are typically structured in a way that tests both your recall and application of financial knowledge. Each question is followed by three answer choices, and you need to select the most appropriate one.
The questions can fall into several categories:
- Knowledge-based questions: These test your understanding of concepts, formulas, and facts.
- Application-based questions: These assess your ability to apply your knowledge to real-world scenarios, such as solving problems or interpreting data.
- Analysis-based questions: These require you to critically analyze data or situations and determine the correct course of action based on your understanding.
It’s important to note that while there is a strong emphasis on technical knowledge and formulas (especially in quantitative and financial reporting topics), there is also a significant focus on ethical decision-making, which is tested through situational questions based on the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
3. Scoring System
The CFA Level 1 exam uses a scaled scoring system to ensure that scores are consistent across different exam sessions. The minimum passing score (MPS) is not fixed and is determined after the exam based on the overall performance of candidates. CFA Institute does not disclose the exact MPS, but it is typically set within a range based on the performance of all candidates.
Your score is reported as a percentage in each of the 10 topic areas. You will receive one of the following outcomes:
- Passed: If your performance is above the MPS, you will be considered to have passed the exam.
- Failed: If your performance is below the MPS in one or more topic areas, you will not pass the exam.
- Band: If your performance is close to the MPS, you will be placed in a “band” (ranging from 1 to 10), indicating how far you were from the passing score. Band 1 indicates a score just below the passing score, while Band 10 shows you were far from passing.
CFA Institute provides a performance breakdown that helps you understand how you performed in each topic area relative to the MPS. This feedback can be crucial in identifying areas that need more focus for future attempts.
4. Duration of the Exam
The CFA Level 1 exam is six hours long, with two 3-hour sessions, one in the morning and one in the afternoon. Each session is divided into two parts:
- Morning session: 90 questions, lasting 3 hours.
- Afternoon session: 90 questions, lasting 3 hours.
You will have a short break between the sessions, allowing you to rest and recharge before diving into the second half. There are no scheduled breaks during each session, so you’ll need to pace yourself and manage your time effectively to ensure that you can complete all the questions.
5. Time Management Tips
With a total of 180 questions to answer in 6 hours, you have an average of 2 minutes per question. Time management is crucial in ensuring that you don’t spend too long on any single question. It’s also important to avoid getting stuck on challenging questions; move on if necessary and return to tough ones after completing the easier ones.
Conclusion
The CFA Level 1 exam is rigorous and tests a broad range of financial knowledge, from theoretical concepts to practical applications. Familiarizing yourself with the exam structure, question format, and scoring system is a key component of your preparation. With effective study strategies, disciplined time management, and an understanding of the exam pattern, you’ll be well on your way to achieving success in this foundational exam.
Rules & Guidelines for CFA Level 1 Exam Day
The CFA Level 1 exam is a significant milestone for aspiring financial professionals. To ensure the exam runs smoothly for all candidates, the CFA Institute has established a set of rules and guidelines that candidates must follow on the exam day. These rules are designed to maintain fairness, security, and the integrity of the testing process. Let’s walk through the essential rules and guidelines you need to be aware of on your CFA Level 1 exam day.
1. Arrive Early and Check-in Procedures
Candidates should arrive at the exam center at least 30 minutes before the scheduled start time. Late arrivals may not be allowed to take the exam, and no extra time will be granted. Upon arrival, you will be required to check in, where you must show two forms of identification, one of which must be a government-issued photo ID (e.g., passport, driver’s license). Your photo will be taken during check-in to verify your identity.
2. What You Can Bring
The CFA Institute has specific guidelines about what you are allowed to bring into the exam room:
- Admission Ticket: You must print and bring your admission ticket. This is mandatory for entry into the exam room.
- Valid Photo ID: A passport or other government-issued photo ID.
- Approved Calculators: Only two types of calculators are allowed for use during the exam: the Texas Instruments BA II Plus (including the BA II Plus Professional) and the Hewlett-Packard 12C. Make sure your calculator is in good working condition and that you bring extra batteries.
- Writing Instruments: You may bring pencils, erasers, and a pencil sharpener. No pens, highlighters, or correction fluid are allowed.
- Mask (if required): Depending on the location and any ongoing public health guidelines, you may be required to wear a mask during the exam.
3. What You Cannot Bring
There are strict rules about what cannot be brought into the exam room:
- Electronics: All electronic devices, including mobile phones, smartwatches, and tablets, must be left outside the exam room or in a designated area. Any electronic device that makes noise during the exam will result in disqualification.
- Personal Items: Bags, books, notes, or any materials not specifically allowed by the CFA Institute must be left outside the exam room. This includes headphones, calculators not approved by the CFA Institute, or any other devices that could be used for cheating.
- Food and Drink: You are generally not allowed to bring food and drink into the exam room, but you will have designated break times where you can eat and drink.
4. Exam Format and Timing
The CFA Level 1 exam is divided into two sessions: Morning (AM) and Afternoon (PM). Each session is 2.25 hours long and consists of 180 multiple-choice questions (90 questions per session). The total exam duration is 4.5 hours, with a 10-minute break between sessions. The morning session focuses on financial reporting and analysis, quantitative methods, and ethics, while the afternoon session covers a broader range of topics such as portfolio management, equity investments, and fixed income.
5. Breaks and Restrooms
During the exam, you will be allowed a 10-minute break between the two sessions. During the break, you can use the restroom, eat, or stretch. However, the clock keeps ticking, and you must be back in the exam room on time. You are not allowed to leave the exam room during the session, except for restroom breaks.
6. No Communication
Once the exam begins, communication of any kind is prohibited. Talking, whispering, or making gestures to other candidates is strictly forbidden. If you are caught communicating, you could be disqualified.
7. Exam Security
The CFA Institute enforces strict security measures to prevent cheating and ensure a fair testing environment. Throughout the exam, there may be surveillance cameras in the room, and invigilators will monitor the candidates. If you are caught cheating or attempting to cheat, you will face immediate disqualification, and your exam results may be voided.
8. End of Exam
At the end of each session, you must stop working immediately when the proctor announces the end of the exam. The proctor will collect all exam materials before you leave the room. Be sure you have completed all questions and filled out the answer sheet properly, as no additional time will be given after the session ends.
9. Exam Day Tips
- Get Adequate Rest: The CFA exam is demanding both mentally and physically, so getting a good night’s sleep before exam day is crucial.
- Eat a Balanced Meal: Eat a healthy, balanced breakfast to keep your energy levels up during the exam. Avoid heavy or greasy foods that could make you feel sluggish.
- Stay Calm and Focused: Take deep breaths, read each question carefully, and remember that you’ve prepared well. It’s normal to feel nervous, but don’t let it affect your performance.
Conclusion
The CFA Level 1 exam is a significant challenge, but with preparation and adherence to the rules and guidelines, you can ensure a smooth and successful exam day. Follow the CFA Institute’s instructions to avoid unnecessary stress or disqualification. Arriving prepared, being on time, and staying focused throughout the day will help you perform at your best.
CFA Level 1 Eligibility Criteria: Who Can Apply?
The Chartered Financial Analyst (CFA) credential is a globally recognized designation that opens doors to a variety of career opportunities in finance, including investment analysis, portfolio management, and financial planning. The CFA program, offered by the CFA Institute, consists of three levels of exams (Level 1, Level 2, and Level 3). Each level evaluates candidates on a progressively deeper understanding of finance concepts and their application in the real world. If you’re considering applying for CFA Level 1, understanding the eligibility criteria is essential before you start your journey toward becoming a CFA charterholder.
1. Educational Requirements
The CFA Institute has specific educational prerequisites for applying to CFA Level 1. There are three key educational paths that you can follow to meet the eligibility requirements:
- Bachelor’s Degree or Equivalent: The most straightforward pathway is having a bachelor’s degree (or its equivalent) from an accredited institution. If you have already completed your undergraduate studies, you are eligible to apply.
- In the Final Year of Your Bachelor’s Degree: If you are currently in your final year of undergraduate studies, you can still apply for CFA Level 1. However, you will need to have completed your degree before you can sit for the Level 1 exam. In this case, you should ensure that you meet the degree requirement before the exam date.
- Work Experience in Finance: If you don’t have a degree but have substantial professional experience in the finance or investment industry, you may still be eligible for CFA Level 1. The CFA Institute requires at least four years of professional work experience in a role that involves investment decision-making or analysis.
2. Work Experience Requirements
While a bachelor’s degree is generally required, the CFA Institute allows candidates to substitute work experience for academic qualifications. However, it’s important to note that while work experience is required to obtain the CFA charter, it is not a prerequisite for registering for the Level 1 exam. You can begin your CFA journey before accumulating the necessary professional experience. Once you complete the Level 1, Level 2, and Level 3 exams, you will need to submit proof of at least four years of relevant work experience before being granted the CFA charter.
3. Age Requirement
There is no specific age limit for applying to the CFA Level 1 exam. Whether you’re a fresh graduate or a seasoned professional, you are eligible to apply if you meet the educational and professional experience requirements outlined above. The CFA Institute focuses more on academic qualifications and professional experience than on the age of the candidate.
4. Language Proficiency
The CFA exams are conducted in English, and all exam materials, including textbooks, practice exams, and study guides, are also in English. While the CFA Institute doesn’t explicitly require formal language proficiency certifications, candidates should be comfortable reading and understanding advanced finance material in English. Non-native English speakers should ensure they have the necessary language skills to read, comprehend, and communicate financial concepts effectively.
5. Ethical Conduct Requirement
The CFA Institute requires candidates to adhere to ethical and professional standards throughout their studies. As part of the CFA Level 1 application process, you will be asked to agree to the CFA Institute’s Code of Ethics and Standards of Professional Conduct. Any violation of these ethical standards may result in disqualification from the CFA program.
6. Passport Requirement
One important aspect of the CFA Level 1 application is the requirement for identification. Candidates must possess a valid passport to register for the exam. The CFA Institute uses this as a means of verifying the identity of candidates and ensuring that there is no fraudulent activity during the exam process.
7. Additional Requirements
- Registration and Fees: After meeting the educational and experience criteria, you will need to register for the CFA Level 1 exam. The CFA Institute charges an exam fee, which can vary depending on the registration date (early, standard, or late registration).
- Preparation: While it’s not an official requirement, adequate preparation is crucial for passing the CFA Level 1 exam. The exam covers a broad range of financial topics, including ethics, quantitative methods, economics, financial reporting, corporate finance, and portfolio management. Most candidates spend several months preparing for the exam, and it is advised to start studying well in advance.
Conclusion
To apply for CFA Level 1, candidates must have a bachelor’s degree (or its equivalent), be in the final year of their degree program, or have significant work experience in the finance sector. The CFA program does not have an age limit or require formal language certifications, though proficiency in English is important. By meeting these eligibility criteria, you can take the first step toward earning the prestigious CFA charter.
CFA Level 1 Result Timeline: When & How to Check Results
The Chartered Financial Analyst (CFA) exam is a prestigious and challenging milestone for those pursuing a career in finance. If you’ve just taken the CFA Level 1 exam, the wait for results can be nerve-wracking. Understanding the result timeline and how to check them can help ease some of the anxiety and keep you prepared for the next steps in your journey toward becoming a CFA charterholder.
CFA Level 1 Exam Schedule and Result Timeline
The CFA Level 1 exam is offered multiple times a year, with two main exam windows for the standard track: February, May, August, and November. However, if you’re taking the exam on a special date (such as for the February offering in 2025), you’ll still follow the standard result timeline.
Here’s a rough breakdown of when to expect your results based on your exam window:
- May Exam: Results are typically available around mid-July (approximately 8 weeks after the exam).
- August Exam: Results are available around mid-October (approximately 8 weeks after the exam).
- November Exam: Results are typically released around mid-January (approximately 8 weeks after the exam).
- February Exam: Results are available in mid-April.
These are approximate timelines and may vary slightly due to factors such as volume of candidates or other logistical elements.
How Are CFA Level 1 Results Reported?
The CFA Institute provides your results in a Pass/Fail format. In addition to the basic result, you’ll receive a performance breakdown that outlines how you performed in each of the 10 topics covered in the exam. This feedback is highly valuable, as it highlights areas where you did well and where you might need further focus should you need to retake the exam.
Your exam results will be posted to your CFA Institute account and sent via email. The email will notify you when your results are available, but it’s important to log in to the CFA Institute’s online portal to check your official results.
Step-by-Step Guide to Checking CFA Level 1 Results
Once the results are officially released, follow these steps to check your results:
- Login to Your CFA Institute Account:
- Go to the CFA Institute website (www.cfainstitute.org).
- Log in using your credentials (email and password).
- Navigate to the Results Section:
- Once logged in, you’ll find a tab or link labeled ‘My CFA’ or ‘Exams’.
- Under this section, you will find your exam results for the most recent CFA Level 1 exam you took.
- View Your Results:
- Your Pass/Fail status will be displayed prominently.
- If you passed, congratulations! If not, you will see Fail and an opportunity to view your performance breakdown.
- Review Your Performance Breakdown:
- The breakdown provides detailed feedback on your performance in each of the 10 topics, from Ethics and Professional Standards to Fixed Income and Alternative Investments. It shows how you performed relative to other candidates and where you might need further improvement.
- Receive Your Official Scorecard:
- For candidates who pass, you’ll receive an official scorecard with more in-depth information about your performance.
- If you fail, you will receive the scorecard as well, which will help guide your preparation for a retake.
Retaking the CFA Level 1 Exam
If you do not pass the CFA Level 1 exam, don’t worry—many candidates don’t pass on their first attempt. You’ll be given a second chance to retake the exam. The CFA Institute allows you to re-register for the next available exam window. You will need to carefully review the areas where you struggled, use your feedback to guide your preparation, and come back stronger for the next round. However, if you’re determined to clear the CFA Level 1 exam in a single attempt, Krawl Edutech’s specialized program is the perfect fit for you. With expert guidance, comprehensive study materials, and structured lessons, our program ensures you’re fully prepared for every aspect of the exam. From in-depth coverage of the CFA curriculum to real-time support and exam strategies, Krawl Edutech equips you with all the tools needed for success.
How Long Will It Take to Get Results?
The CFA Institute typically releases results around 8 weeks after the exam date. This time frame is consistent for both paper-based and computer-based exams. The exact date for the release of results is published on the CFA Institute’s website and will be communicated to you through email notifications.
Conclusion
Waiting for your CFA Level 1 results can be stressful, but understanding the timeline and the process of checking results can help manage the anticipation. Remember, the results not only show whether you’ve passed or failed but also provide valuable feedback that can guide your future studies. Whether you pass on your first attempt or need to retake the exam, persistence and dedication are key to earning the CFA designation. So, once those results are in, be ready to plan your next steps, whether that’s celebrating a pass or gearing up for another round of study!
CFA Level 1 Syllabus (2025): Topic-Wise Breakdown & Weightage
The CFA Level 1 syllabus for 2025 is a critical roadmap for aspiring finance professionals aiming to become Chartered Financial Analysts (CFAs). It covers a broad range of foundational concepts in investment, financial markets, ethics, and portfolio management, with a focus on preparing candidates for the rigors of the financial industry. Here’s a breakdown of the major topics and their corresponding weightage.
1. Ethical and Professional Standards (15%)
Ethics is a cornerstone of the CFA program. The CFA Institute places great emphasis on ethical standards and professional conduct. This section comprises approximately 15% of the total exam weightage, ensuring candidates have a strong understanding of the Code of Ethics and Standards of Professional Conduct, which are key to any finance role. Topics include the duties of CFA members and candidates, ethical decision-making frameworks, and responsibilities regarding client confidentiality, conflicts of interest, and ethical practices in global markets.
Key areas include:
- The CFA Institute’s Code of Ethics and Standards of Professional Conduct
- GIPS (Global Investment Performance Standards)
- Ethical responsibilities related to performance presentation and client interactions
2. Quantitative Methods (12%)
Quantitative methods are central to the CFA Level 1 exam and cover tools used for investment analysis and decision-making. The 12% weightage reflects the importance of statistical methods, probability, time value of money, and hypothesis testing. Candidates are expected to understand financial mathematics and apply these concepts in various investment scenarios.
Topics include:
- Time value of money (TVM) and discounted cash flow (DCF) analysis
- Statistical concepts such as mean, variance, correlation, and regression analysis
- Probability theory and hypothesis testing in financial contexts
- Quantitative analysis for risk management and decision-making
3. Economics (10%)
This section builds on a candidate’s ability to understand macroeconomic and microeconomic principles and their impact on financial markets. Economics constitutes about 10% of the exam weightage. Understanding the economic environment is crucial for any investment analysis, and candidates must be able to apply economic theory to real-world situations.
Key topics include:
- Microeconomics: supply and demand, market structures, elasticity, and production costs
- Macroeconomics: GDP, inflation, fiscal and monetary policy, exchange rates, and international trade
- Economic indicators and their impact on the investment environment
4. Financial Reporting and Analysis (13%)
Financial reporting and analysis (FRA) is one of the largest sections in the CFA Level 1 syllabus, with a weightage of 13%. This section focuses on understanding financial statements, accounting principles, and the methods used to analyze financial health. Candidates are expected to have a solid grasp of how to interpret and analyze income statements, balance sheets, and cash flow statements, as well as the impact of accounting choices on financial outcomes.
Key areas include:
- Financial statement analysis and ratios (liquidity, profitability, efficiency, solvency)
- The role of financial reporting in decision-making
- Income recognition, asset valuation, and lease accounting
- International Financial Reporting Standards (IFRS) vs. Generally Accepted Accounting Principles (GAAP)
5. Corporate Finance (8%)
Corporate finance is another essential component of the CFA Level 1 curriculum. It includes topics related to capital budgeting, cost of capital, and financial decisions within companies. With an 8% weightage, this section covers the key concepts that guide corporate investment and financing decisions.
Core topics include:
- Time value of money in project evaluation
- Cost of capital and capital structure
- Dividend policies and their impact on firm value
- Risk management and hedging techniques
6. Equity Investments (10%)
Equity investments cover the theory and analysis of stock markets and equity securities, constituting about 10% of the exam weightage. This section is critical for understanding how stocks are valued, traded, and analyzed. Key learning areas include valuation models, stock price behavior, and different types of equity securities.
Key areas include:
- The role of equities in portfolio management
- Stock valuation techniques (discounted cash flow, price-to-earnings ratio)
- Market efficiency and behavioral finance
- Common stock, preferred stock, and stock market indices
7. Fixed Income (10%)
Fixed income, which makes up 10% of the exam, covers debt instruments such as bonds. Candidates are expected to understand how fixed-income securities work, how their prices are determined, and how interest rate changes affect their value. This section also delves into risk management tools for fixed-income portfolios.
Core topics include:
- Bond pricing, yield curves, and bond valuation
- Duration and convexity
- Risks in fixed-income securities (interest rate risk, credit risk)
- Types of bonds (government, corporate, municipal)
8. Derivatives (5%)
Derivatives, making up 5% of the syllabus, are financial instruments whose value is derived from the value of an underlying asset. This section emphasizes the basic concepts behind derivatives and their use in hedging and speculation.
Key topics include:
- Futures, forwards, options, and swaps
- Hedging strategies using derivatives
- Pricing of derivative instruments
9. Alternative Investments (5%)
Alternative investments, with a 5% weightage, cover assets such as real estate, commodities, hedge funds, and private equity. This section explores how these asset classes are used in portfolio diversification and investment strategies.
Key areas include:
- Real estate investment analysis
- Commodities and their role in portfolios
- Hedge funds, private equity, and venture capital
10. Portfolio Management and Wealth Planning (6%)
The final section covers portfolio management, constituting 6% of the exam weightage. Candidates learn how to create and manage investment portfolios, consider asset allocation, and assess performance.
Key areas include:
- Portfolio construction and diversification
- Asset allocation strategies
- Performance evaluation
In conclusion, the CFA Level 1 syllabus for 2025 offers a comprehensive foundation in finance, from ethics to portfolio management. Understanding the topic-wise weightage and structure of the syllabus is crucial for effective preparation, enabling candidates to focus on the right areas for success. At Krawl Edutech, our CFA MasterTrack program is designed to provide comprehensive coverage of the entire CFA Level 1 syllabus. We ensure that all the key concepts, learning outcomes, and competencies prescribed by the CFA Institute are thoroughly addressed, leaving no stone unturned. From Ethics and Quantitative Methods to Portfolio Management and Alternative Investments, our curriculum is structured to provide you with a deep understanding of each subject. With expert guidance, interactive learning, and real-world case studies, Krawl Edutech prepares you to not only grasp the foundational principles of finance but also to apply them effectively, ensuring you're fully equipped to tackle the CFA Level 1 exam with confidence.
How Much Do CFAs Earn in India? Salaries by Role & City
If you're eyeing the CFA charter and wondering whether the hustle is worth it, here's the straight talk: Yes, it is — but your paycheck will depend heavily on your role, location, and experience level. Let’s break down the real earning potential for CFAs in India.
CFA Salaries by Role
1. Investment Analyst:
Entry-level CFAs working as investment analysts can expect to earn around ₹6–10 LPA (lakhs per annum). Fresh charterholders at top firms (think: JP Morgan, BlackRock, Kotak) might even see starting salaries touch ₹12 LPA. With 3–5 years of experience, this number can climb to ₹15–20 LPA.
2. Portfolio Manager:
This is where the CFA designation really shines. Portfolio managers usually rake in ₹20–40 LPA, with bonuses based on portfolio performance. Those managing large institutional funds or HNI portfolios? They can touch ₹50–60 LPA or more, especially in PMS (Portfolio Management Services) or hedge funds.
3. Equity Research Analyst:
Equity research roles typically offer ₹8–12 LPA at entry-level. With some street cred and a couple of earnings calls under your belt, mid-level analysts can expect ₹15–25 LPA. Senior analysts in brokerage firms or investment banks can earn upwards of ₹30 LPA.
4. Risk Manager:
With banks and NBFCs ramping up their risk frameworks, CFAs in risk management are in demand. Starting salaries hover around ₹8–12 LPA, with experienced risk managers hitting ₹25–35 LPA. If you combine CFA with FRM, even better.
5. Corporate Finance / FP&A:
While not the CFA’s bread-and-butter role, corporate finance teams do hire CFAs. Salaries here range from ₹7–15 LPA, with large conglomerates or tech companies offering as much as ₹20–25 LPA to experienced candidates.
6. Private Equity / Venture Capital:
These are elite, competitive roles. Entry is tough, but CFAs working in PE or VC roles can start at ₹15–20 LPA and go up to ₹50 LPA+ with experience, performance bonuses, and carry (profit share).
CFA Salaries by Indian City
1. Mumbai – The Finance Capital:
It’s no surprise that Mumbai offers the highest CFA salaries. Entry-level roles can start at ₹8–12 LPA, while mid-level professionals make ₹20–30 LPA. Senior professionals or those in investment banking and PE can earn ₹50 LPA+.
2. Delhi NCR:
Delhi is picking up fast with MNCs, consulting firms, and family offices. Expect ₹6–10 LPA starting salaries and mid-career earnings of ₹15–25 LPA. Gurgaon in particular is emerging as a finance and fintech hub.
3. Bangalore:
Known for tech, but also buzzing with startups, VCs, and fintechs. CFA charterholders working in FP&A or startup finance roles earn ₹8–18 LPA. PE/VC roles may offer even more, though competition is fierce.
4. Pune & Hyderabad:
Growing job markets, especially in corporate finance and banking. Entry-level salaries range from ₹5–9 LPA. Experienced CFAs can command ₹15–20 LPA in niche roles.
5. Tier-2 Cities (Jaipur, Kochi, Indore, etc.):
Here, opportunities exist but are limited. CFAs working in local banks, boutique advisory firms, or regional offices can expect ₹4–8 LPA initially, though remote roles and hybrid work models are opening up new doors.
The X-Factor: Experience & Networking
Let’s be real — having "CFA" next to your name isn’t a golden ticket. What you bring to the table matters. If you’ve got a strong internship game, solid networking, and even a side hustle like stock analysis or content creation, your earning potential skyrockets.
Final Verdict
So, how much do CFAs earn in India? Anywhere from ₹6 LPA to ₹60+ LPA depending on role, city, experience, and abilities. The CFA charter doesn’t guarantee a dream job — but it’s a powerful lever in the right hands. Use it smartly, and you’ll be the one setting the benchmarks.
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