CFA Level I — Chartered Financial Analyst (CBT 180 MCQ over 4.5h, 10 topics)

<p><strong>CFA Level I</strong> is the entry exam of the <strong>Chartered Financial Analyst</strong> program administered by the <strong>CFA Institute</strong> (Charlottesville, USA). It is the global gold standard for investment professionals: <strong>portfolio managers, equity analysts, fixed-income analysts, risk officers, wealth advisors</strong>. The program has 3 levels (I, II, III) and the average candidate spends <strong>300+ hours</strong> per level.</p> <p>This course addresses candidates registering for the <strong>Level I CBT (Computer-Based Testing)</strong> exam delivered at Prometric centers in February, May, August and November. The 4.5-hour test is split into two 2h15 sessions (90 MCQ each) covering the <strong>10 topic areas</strong> of the Candidate Body of Knowledge (CBOK 2026).</p> <p>Au terme du cours, you will master the 10 CFA L1 topics with their official weights: <strong>Ethics & Professional Standards (15-20%)</strong>, <strong>Quantitative Methods (8-12%)</strong>, <strong>Economics (8-12%)</strong>, <strong>Financial Statement Analysis (13-17%)</strong>, <strong>Corporate Issuers (8-12%)</strong>, <strong>Equity (10-12%)</strong>, <strong>Fixed Income (10-12%)</strong>, <strong>Derivatives (5-8%)</strong>, <strong>Alternative Investments (5-8%)</strong> et <strong>Portfolio Management (5-8%)</strong>.</p> <p>L'examen comprend <strong>180 questions multiple choice (3 options A/B/C)</strong> scored by Item Response Theory. The MPS (Minimum Passing Score) is decided post-exam by the Board of Governors — historically around <strong>65-70%</strong>. The global pass rate hovers around <strong>37%</strong> (May 2026 reporting).</p> <p>La durée totale est de <strong>6000 minutes (100h)</strong> répartis en 5 leçons denses + un examen blanc 25Q + un examen final 50Q reproduisant le format officiel. Recommended preparation: <strong>6 months minimum</strong>, 300h cumulative study, Schweser Notes + CFA Institute Learning Ecosystem + 3 mock exams.</p>