The 2027 CFA Level I curriculum has significant updates. Approximately 25% of the content has been revised to enhance relevance and clarity. The most notable changes include:
- Quantitative Methods:
The topic now consists of 11 learning modules, all of which have been substantially updated. Candidates should treat these as entirely new material. - Equities:
The topic now consists of 12 learning modules, all of which have been substantially updated. Candidates should treat these as entirely new material. - Ethics:
The former "Guidance for Standards I–VII" has been reorganized into seven distinct learning modules. Additionally, the module on GIPS has been removed from the curriculum.
All other topics remain unchanged.
Note: These topic names have been changed in 2027:
Corporate Issuers > Corporate Finance
Equity Investments > Equities
Portfolio Management > Portfolio Construction
We encourage all candidates to review these updates carefully as they prepare for the 2027 exam. For more detailed information, please refer to the official curriculum resources.