Time Limit:6 hours
Number of Questions:240
Passing Score:Varies Anually
Passing Rates:As of June 2011, 39%
Format:Multiple Choice
Prerequisites:Bachelor's degree or equivalent. An exemption can be made where you can write the level 1 if you a) are in the final year of your undergraduate program, b) have four years of professional experience, or c) have a combination of both, equating to at least four years.
Corequisites:Four years of qualifying work experience must be obtained.
Exam Date(s):June and December
Exam Results:Usually provided within 60 days
Offical Exam Website:CFAInstitute.org