Last Updated: Sep 12, 2026
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Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Derivatives | 5-8% | - Forwards and Futures Basics - Options Fundamentals |
| Topic 2: Economics | 8-12% | - Microeconomics - Macroeconomics |
| Topic 3: Fixed Income | 10-12% | - Fixed Income Risk - Bond Pricing and Yield |
| Topic 4: Alternative Investments | 7-10% | - Hedge Funds Overview - Real Estate and Private Equity |
| Topic 5: Financial Statement Analysis | 13-17% | - Financial Reporting Standards (IFRS/GAAP) - Income Statement, Balance Sheet, Cash Flow |
| Topic 6: Corporate Issuers | 8-12% | - Capital Investment Decisions - Cost of Capital |
| Topic 7: Ethical and Professional Standards | 15-20% | - Ethical Practices in Investment Management - Code of Ethics and Standards of Professional Conduct |
| Topic 8: Portfolio Management and Wealth Planning | 5-8% | - Risk and Return Concepts - Portfolio Construction Basics |
| Topic 9: Equity Investments | 10-12% | - Security Valuation Basics - Equity Market Structure |
| Topic 10: Quantitative Methods | 8-12% | - Statistical Concepts and Probability - Sampling and Estimation - Time Value of Money |
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