CFA Exam Exam Pattern 2025: Check Section-wise Paper Pattern & Format Here
Chartered Financial Analyst Exam 2025 ( CFA Exam )
Registration - 12 Aug '25 - 12 Feb '26
CFA exam pattern: CFA exam (Chartered Financial Analyst) is a series of three challenging exams for investment and banking professionals. The CFA Level 1 exam mainly has multiple-choice questions, and the Level 2 and Level 3 includes multiple-choice questions as well as scenario-based questions or item sets.
The Chartered Financial Analyst (CFA) 2025 exam pattern is prescribed by the CFA Institute. The CFA exam 2025 will be conducted in the computer-based test mode across various centres. Earlier, the exam was conducted in the paper-based test mode, but, from 2021 onwards, the exam has been conducted in the CBT mode. Each level of the CFA exam has a different exam structure and the difficulty level rises as the level does. Read on to know the detailed CFA exam pattern 2025.
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The CFA Level I exam comprises a total of 180 multiple-choice questions to be answered in two sessions of 135 minutes each. There are 90 MCQ questions for each session. The first session includes topics such as professional standards, financial reporting, and quantitative methods, while the second session includes questions about corporate finance, fixed income, derivatives, alternative investments, and portfolio management. This exam is given twice a year, once in June and once in December.
- CFA 2025 Exam Pattern: Level I
- CFA 2025 Exam Pattern: Level II
- CFA 2025 Exam Pattern: Level III
- FAQs on CFA Exam Pattern
CFA 2025 Exam Pattern: Level I
CFA 2025 Exam Pattern: Level II
CFA 2025 Exam Pattern: Level III