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Level I CFA® Exam

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Over the last 30 years, we’ve mastered how candidates earn the CFA® charter and have designed a program that works. No guessing where to begin, what to study next, or how you’re progressing. Let Schweser be your guide to passing the CFA exam.

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Level I Exam


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February 2022


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Level I Exam Format

CFA Institute changed the format and dates of the Level I CFA exam effective in 2021. The exam moved from its traditional paper-based format to computer-based with exam windows in February, May, July, August, and November. CFA Institute added an additional window in March to accommodate seating capacity issues for candidates sitting in February. The number of questions also reduced from 240 to 180 with a morning and afternoon session. Each session has 90 questions and is 2 hours and 15 minutes long.

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