Important 2024 CFA Level 1 Exam Changes! Randomized Question Order!

22 Dec 23

Published by Chalk & Board

Hello, fellow CFA Level 1 candidates preparing for the 2024 exams! Nathan Ronen, CFA, here with an important update for your upcoming test.

In a recent meeting between prep providers and the CFA Institute, I received crucial news about an alteration coming to the Level 1 exam starting in 2024. This shift might not change your study approach, but it's vital to stay informed.

What's New in the Level 1 Exam?

Here's the scoop: The Level 1 exam structure for 2024 remains familiar in terms of the number of questions and their values. However, the topics covered in each session are getting a shuffle. Session 1 (90 questions) will now focus on Ethics, Quant, Economics, Financial Statement Analysis, and Corporate Issuers. Session 2 (another 90 questions) will cover Equity, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management.

The Twist: Randomization

What's different this time is the randomization of questions within each session. No more sequential topic blocks! In both sessions, questions will be jumbled, giving you a mixed bag of topics to tackle.

What Does This Mean for You?

Does this mean a drastic change in your study routine? Not really. While mock exams might look a bit different with randomized questions, your study strategy stays intact. It's crucial to remain focused on understanding the material rather than obsessing over question sequence.

How We Can Help

If you're prepping for the Level 1 exam in 2024, our team at Chalk & Board is here to assist. We've got tailored study plans to ensure you're prepared for any exam date – February, May, August, or November. Check out our offerings at chalkenboard.org for more information.

Feel free to reach out via email or phone for further assistance. Here's to mastering the CFA Level 1 exam in 2024!

Best Regards,

Nathan Ronen, CFA

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