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300Hours: Finance Certifications Hub for CFA, FRM & CAIA

how to prepare and pass CFA Level 1

CFA Level 1: How to Prepare & Pass CFA in 18 Months

Sophie Macon

20 Feb 2026

CFA, CFA Level 1

CFA Level 1 requires 300 study hours minimum. Exam: - 180 multiple-choice questions, 1.5 minutes each. 43% pass rate.- Ten topics tested, Ethics weighs most (15-20%). - Computer-based, offered 4x yearly. - Cost: $1,140-$1,490. - Optimal prep: 5-6 months. - Month 1-4: Study materials. Final 2 months: Practice exams only (6+ full mocks essential). Key to passing: Master Ethics, track weak topics, practice time management ruthlessly. Self-study works with third-party prep providers. Most people who fail CFA Level 1 studied for ...