Be above the hurdle
Practise Level I at exam pace.
Build sessions by topic and module from the 2027 curriculum, with a 90-second-per-question timer, and come back only to the ones you got wrong.
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Sample Fixed Income question
A floating-rate note has a quoted margin of 100 bps. The market now requires a discount margin of 150 bps. On a reset date, the note will most likely trade:
- AAt par.
- BAt a premium to par.
- CAt a discount to par.
CFA® Program Level I pass rate, August 2026
43% cleared the bar.
Fewer than half of the 28,145 candidates passed. Drill until the hurdle is behind you. Be above the hurdle.
Source: CFA Institute, results released 24 September 2026.
Train exactly what you need
Pick topics and modules, then draw from the full bank, only your mistakes, or only questions you have not seen.
Answers now or at the end
See the explanation right after each answer, or work like the real exam and review everything at the end.
Your exam date in view
Choose the window you are sitting and track the days left and your accuracy by topic.