Each year CFA Institute makes changes to the exam curriculum. 2023’s level 1 Curriculum has changed in terms of the structure along with some revisions in the content.
Revised Structure: Study sessions are no longer part of the curriculum and readings have been replaced with Learning Modules. The curriculum structure for 2023 is as follows:
Content Changes: On the content side, a few learning modules were added and some changes were made to the previous ones. Overall around 5% of the learning modules were revised and less than 5% were added as new ones.
There are 73 learning modules in 2023’s Level 1 Curriculum (vs. 60 in 2022).
Some noteworthy changes are:
None of the readings were removed from 2022’s Curriculum.
3 new learning modules were added (1 in Economics and 2 in Corporate Issuers)
4 learning modules were revised significantly (All in Corporate Issuers)
Refer to the CFA website for more details: Level I Curriculum: What Changed for 2023
For details on what has been added, removed, or changed for Level I please see the chart here:Level I 2022-2023 Program Changes
If you have any comments or questions please visit the IFT Help Desk.