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CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Certification Path
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Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
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CFA CFA-Level-I Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Derivatives | 5–8% | - Derivative markets and instruments - Forwards, futures, options, swaps - Derivative pricing and valuation basics |
| Portfolio Management | 8–12% | - Portfolio planning and construction - Asset allocation and performance measurement - Risk and return concepts |
| Quantitative Methods | 6–9% | - Regression and time-series analysis - Time value of money - Probability and hypothesis testing - Statistical concepts and returns |
| Equity Investments | 11–14% | - Equity valuation models - Market organization and structure - Industry and company analysis |
| Financial Statement Analysis | 11–14% | - Financial reporting standards - Inventories, long-lived assets, taxes, debt - Income statement, balance sheet, cash flow statement - Ratio analysis and profitability |
| Fixed Income | 11–14% | - Fixed income securities characteristics - Yield measures, spot rates, forward rates - Bond valuation and risk measures |
| Corporate Issuers | 6–9% | - Capital budgeting - Capital structure - Corporate governance - Business and financial risk |
| Ethical and Professional Standards | 15–20% | - Code of Ethics and Standards of Professional Conduct - Global Investment Performance Standards (GIPS) |
| Economics | 6–9% | - International trade and currency markets - Macroeconomics - Monetary and fiscal policy - Microeconomics |
| Alternative Investments | 7–10% | - Private equity, real estate, hedge funds - Commodities and infrastructure - Investment characteristics and returns |



