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The programme
The three CFA® exams.
Three levels, sat in sequence, each with its own format and its own demands. This page covers what each one asks of you, and what Wall Street Uni currently provides for it.
ProgrammeCFA Institute
- Levels3sat in sequence, I then II then III
- Recommended study900+ hrsacross the full programme
- Level I windows4February, May, August, November
- Level I topics10across 93 readings
Exam formats and windows are set by CFA Institute. WSU is an independent provider and not affiliated with them.
The levels
§ 01What each exam asks of you.
Format, weight and study load differ sharply between the three.
| Level | Focus | Format | Study hours |
|---|---|---|---|
| Level I | Foundations of finance | 180 multiple-choice questions | 300+ |
| Level II | Asset valuation and analysis | Item sets (vignettes) | 350+ |
| Level III | Portfolio management | Essays and item sets | 350+ |
- Level I: Foundations of finance. Ten topics, one paper-based mindset: the analytical vocabulary the rest of your CFA journey is built on.
- Level II: Asset valuation and analysis. Item-set vignettes that push you from knowing the formula to applying it under exam pressure.
- Level III: Portfolio management. Constructed-response essays and item sets: the final test of judgement before the charter.
What we provide
§ 02How WSU prepares you for it.
2,800+ practice questions and 5 full mock exams behind six capabilities, all writing to one progress record.
- Topic-weighted question banksPractice scaled to the published topic weights of the level you’re preparing for: no time wasted on misallocated drilling.
- Full-length mock examsTime-pressured simulations that mirror the real exam shape: 180 multiple-choice questions for Level I, across two sessions of 2h 15m.
- Analytics across every sittingMastery, coverage, learning curve and pace: the same surface, calibrated per level.
- Concept-level explanationsEvery wrong answer comes with a curriculum-referenced explanation and a link to the source reading: the gap closes immediately.
- Adaptive practicePerformance filters narrow your next sitting to the items you previously missed or never attempted.
- WSU AssistantA curriculum-grounded assistant on every page: explanations, hints and source citations on demand.
Begin your CFA® Level I preparation.
Start on the free plan: the whole Quantitative Methods book and all its questions, with no card and no time limit. If you then buy a plan and it is not right for you, the first seven days are refundable in full.
Wall Street Uni is an independent study platform and is not affiliated with, endorsed by, or sponsored by CFA Institute.