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Start free trialCourse Features For CFA Level I 2027
- 1 Subject, 11 Modules (87 Lessons) in Learn
- 1 Mock Exam Included
- 20 AI Credits Monthly for Ask AI
- 14 Days of Access
2027 curriculum · Feb–Nov 2027 exams
CFA® Level 1 course for the 2027 exams
Quizara learns how you learn. It measures your progress on each of the 661 Knowledge Points in the 2027 curriculum, focuses your study time where it matters most, and shows you what to study next.
Free for 14 days: all of Quantitative Methods (11 Modules, 87 Lessons) and 1 full Mock Exam. No card required.
CFA Level 1 topics and exam weights for 2027
The Level I exam has 180 multiple-choice questions in 2 sessions of 135 minutes. The 2027 curriculum sets the Level I syllabus for the February, May, August and November 2027 exams: ten topics, weighted as shown.
The Quizara course teaches all ten as ten subjects, in the order of the curriculum volumes: 102 Modules and 661 Lessons in all.
- V1Quantitative MethodsFree trial11–14%
- V2Economics6–9%
- V3Corporate Finance6–9%
- V4Financial Statement Analysis11–14%
- V5Equities11–14%
- V6Fixed Income11–14%
- V7DerivativesExam topic: Derivatives and Risk Management6–9%
- V8Alternative Investments6–9%
- V9Portfolio Construction8–12%
- V10Ethical and Professional Standards10–15%
Exam weights and format from CFA Institute's Level I exam page (2027 topic outline, checked 2026-09-30). The free trial opens Quantitative Methods: 11 Modules and 87 Lessons.
The course and the AI tutor
An online CFA Level 1 course with an AI tutor built in
Your CFA Level 1 exam prep in one place. At each step you can Ask AI about what is in front of you.
Learn each Knowledge Point in a Lesson
One interactive whiteboard Lesson for each of the 661 Knowledge Points.
Ask AI: Stop at any step and ask the in-lesson AI.
Read it in the Study Notes
The full written explanation, formulas and worked examples.
Ask AI: Select a passage and ask about exactly that.
Practise by Module or Topic
Every finished run is saved, so you can reopen any question.
Ask AI: Ask about any question and its reasoning.
Rehearse in a Mock Exam
5 full practice exams in the two-section Level I format, with your score and missed questions at the end.
Ask AI what to study next
Ask for a Module summary. The AI reads your graded answers and the Module's Study Notes, then shows what is solid and what to review next.
Example · Ask AI what to study next
Summarise Module 1, Returns of Financial Assets and Instruments.
What your record says to emphasise
You get the main calculation, but sometimes stop before converting it into the return measure the question asks for.
- Geometric mean. 13.6% was the three-year cumulative return. The annual mean still needed the cube root.
- Continuous compounding. 30.00% was the holding-period return. The log return still needed ln.
- Required return. 11.0% added the raw risk premia without weighting each one by its exposure.
- Exact excess return. 7.00% used the subtraction shortcut, not the growth-factor ratio.
What's solidThe core calculations
Review nextAnnual and log return measures
Try three CFA Level 1 practice questions
A short CFA Level 1 practice test: Level I exam questions have three answer choices, and so do these. All three come from Quizara's free study guides and sit in Quantitative Methods, the subject the free trial opens. Pick an answer to see the working.
Question 1 · Mean returns
Read the guide: Arithmetic vs geometric mean returnWhich constant annual return takes $100 to $96 over two years?
Question 2 · Sharpe ratio
Read the guide: Sharpe ratioPortfolio C earns 9% with 7% volatility; D earns 12% with 20% volatility. The risk-free rate is 1%. Which has the higher Sharpe ratio?
Question 3 · Coefficient of variation
Read the guide: Coefficient of variationC has mean return 10% and standard deviation 5%. D has mean return 15% and standard deviation 6%. Which has the lower coefficient of variation?
In the course, you practise a whole Module or one Topic at a time, and every finished run is saved so you can reopen any question and reread its reasoning. The free trial opens all of Quantitative Methods.
Start your free trialMock Exams
5 CFA Level 1 Mock Exams that run like exam day
Each Mock Exam is a full CFA Level 1 practice exam: two timed sections of Level I-style questions, with a 30-minute break between them and no answers shown while you work. When you finish, you see your score and the questions you missed, so you know what to review before exam day.
The free trial includes 1 full Mock Exam.
Start your free trialCFA Level IMock Exam
CFA Level I Mock ExamYour attempt, in view.
Finished2 sections
01Timed section 1
Ⅱ30-min break
02Timed section 2
75%correct
A clearer picture of where to focus.
Review your attempt
Questions 1–12 of 180123456789101112
CorrectMissed
CFA Level 1 course questions
Which CFA Level 1 exam windows does the course cover?
The 2027 curriculum course covers the February 2027, May 2027, August 2027 and November 2027 Level I exam windows. You choose your exam period when you start, and the course follows that period's curriculum.
What is included in the free trial?
The 14-day trial opens all of Quantitative Methods: 11 Modules and 87 Lessons, a Lesson for every Knowledge Point, plus 1 full Mock Exam and 20 AI Credits. No card is required.
How long should I study for CFA Level 1?
According to CFA Institute, successful candidates report spending over 300 hours on average preparing for each level. Quizara splits the curriculum into 661 Knowledge Points and keeps your progress against each one.
How are Quizara's Mock Exams structured?
Each Mock Exam runs as two timed sections with a 30-minute break between them, modelled on the published Level I format of two 135-minute sessions. Answers stay hidden while you work; afterwards you see your score and the questions you missed.
How is Quizara's AI tutor different from a general chatbot?
Ask AI starts from the Lesson step, the Study Notes passage or the question in front of you, and answers with Quizara's course content. In New Chat, when you ask, it can also read your study record (graded answers, Knowledge Point mastery and Study Notes) and tell you what is solid and what to review next. It does not show answers to questions you have not answered yet.
What happens when the free trial ends?
Nothing is charged, because the trial needs no card. To keep studying all ten subjects, choose Premium; the plan cards on this page show the current price.
Is Quizara an official CFA Institute course?
No. Quizara is an independent study platform and is not affiliated with, endorsed by, or approved by CFA Institute. CFA Institute's official curriculum, topic outlines and notices remain the authoritative source for exam scope.
Which calculator do I need for the Level 1 exam?
CFA Institute permits the Texas Instruments BA II Plus (including the Professional) and the HP 12C (including the Platinum). You can practise BA II Plus key paths with Quizara's free online calculator.
Start your CFA® Level 1 prep today.
Free for 14 days: the full Quantitative Methods subject and 1 full Mock Exam. No card required.