CFA LEVEL I UPDATED 2026 MOCK EXAM (LIKE REAL)

NEW 2026 - CFA Level IThe CFA exam as a whole is difficult by design. It’s an exclusive designation that truly demonstrates mastery. According to CFA Institute, Level I has the lowest pass rate of all the exams, at just 41%, and the average candidate spends 303 hours preparing.85% of those who passed the CFA Level I exam used an exam prep provider to help them prepare71% of CFA Level I exam takers agree that the CFA curriculum is valuable in their career after having passed their examLevel I curriculum topics and weightsThe curriculum is organized into topics, and each topic contains learning modules. There are learning outcome statements at the beginning of each learning module.Session 1: Topic Exam weight 1 Ethical and Professional Standards 15-20% 1 Quantitative Methods 6-9% 1 Economics 6-9% 1 Financial Statement Analysis 11-14% 1 Corporate Issuers 6-9% Session 2: Topic Exam weight2 Equity Investments 11-14% 2 Fixed Income 11-14% 2 Derivatives 5–8% 2 Alternative Investments 7-10% 2 Portfolio Management 8-12%Level I exam format, structure, and durationThe CFA Level I exam consists of multiple-choice questions. Familiarizing yourself with the format will help you approach the exam efficiently, manage your time effectively, and avoid common pitfalls to maximize your performance.The Level I exam consists of 180 multiple choice questions, split between two 135-minute sessions (session times are approximate).The are two 135-minute sessions (session times are approximate), with an optional break between sessions.Each multiple-choice item on the CFA Level I exam consists of a stem (a question, a statement, and/or table) as well as three answer choices (A, B, or C).Two bas