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Curriculum
Click a topic to see what it covers. Weights are set by CFA Institute and can change between exam cycles.
10–15%The Code and Standards applied to longer, more nuanced case vignettes, plus research objectivity and trade allocation.
5–10%Multiple regression, model diagnostics, time-series analysis, machine learning and big-data projects in investment management.
5–10%Currency exchange-rate determination, economic growth and its drivers, and the economics of regulation.
10–15%Intercorporate investments, employee compensation, multinational operations, analysis of financial institutions and earnings quality.
5–10%Dividends and share repurchases, ESG considerations, cost of capital, and corporate restructuring.
10–15%Industry and company analysis, discounted dividend, free-cash-flow and residual-income valuation, market multiples and private company valuation.
10–15%The term structure, arbitrage-free valuation with binomial trees, bonds with embedded options, credit analysis models and credit default swaps.
5–10%Pricing and valuation of forwards, futures and swaps; option valuation with binomial and Black–Scholes–Merton models.
5–10%Commodities and commodity derivatives, real estate investments and REITs, and hedge fund strategies.
10–15%Multifactor models, measuring and managing market risk (VaR), backtesting and scenario analysis, and active portfolio management.
Course outline
10 sections · 10 lessons · 1h 40m. Lessons marked Preview are free to try.
Plan your attempt
Eligibility
Students
You can register for Level I if you hold a bachelor's degree (or equivalent) or are within 23 months of completing one.
Working professionals
Without a degree, you qualify with 4,000 hours of relevant work experience accrued over at least 36 months.
Combination
Education and work experience can be combined to reach the 4,000-hour requirement, but the periods cannot overlap.
Before every level
A valid international passport is required to register and on exam day.
Calculators, Practical Skills Modules and other exam rules are on our CFA® Program guide.
Batches & fees
Tuition covers live classes, recordings, notes, the question bank and mock exams. CFA Institute exam fees are paid separately.
Enrolment for this course isn't open right now. Contact us to be notified about the next batch.
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