CFA Level I · 2027 curriculum
Stop studying everything.
Start studying what you need.
Prepare with 2,500+ practice questions, two full 180-question mock exams, and a study plan that continuously prioritises what matters most.
30 questions • About 25 minutes • No payment details required
- 2,500+
- Practice questions
- 2
- Full mock exams
- 360
- Mock questions
- 10
- CFA Level I topics
2 full mock exams included. More mock packs coming soon.
Why this topic, right now
Your accuracy in Fixed Income
58%
71% your average
Concepts you've actually answered
6 of 23
Thin evidence · 17 untested
- Weight on the paper
- 11–14%
- Time left
- 137 days
2nd heaviest of ten
Room to fix it
Cliro's decision
Duration & convexity
10 questions • About 16 minutes
Your recent accuracy here is below your average, it sits within one of the exam's heaviest topics, and there's still time to improve it.
Cliro / Learner workspace
Practice session
Question 4 of 10
Fixed Income
Duration & convexity
A bond has a modified duration of 7.2 and an annual convexity of 65. If yields rise by 50 basis points, the estimated change in the bond's price is closest to:
- Fall by approximately 3.6%
- Fall by approximately 4.2%
- Rise by approximately 4.2%
Study plan
Feb 2027 window
- Your availability
- 8 hrs / week
- Today
- About 45 minutes planned
- This week
- 180 / 480 minutes
- Exam
- 137 days
Current phase
Build
Broadening coverage while reinforcing the topics carrying the most exam weight.
Curriculum map
67 / 128 concepts · 52% coverage
- Ethical & Professional Standards15–20%21 / 28 assessedStrong
- Quantitative Methods6–9%12 / 24 assessedDeveloping
- Economics6–9%9 / 22 assessedDeveloping
- Financial Statement Analysis11–14%18 / 34 assessedNeeds work
- Corporate Issuers6–9%7 / 20 assessedDeveloping
- Strong
- Developing
- Needs work
- Not assessed
An illustrative view of the Cliro study interface using demo data: a Fixed Income practice question, a weekly study plan of eight hours, and a curriculum map showing concept coverage by topic.
A study plan that changes as you do.
Every answer helps Cliro refine what to prioritise, what to revisit and where you still need evidence.
- Your next study priority
- Syllabus mapped concept by concept
- Study built around your availability
Practice
2,500+ Level I questions, focused where they matter.
Practise across all ten CFA Level I topics with independently authored and quality-reviewed questions, each with a detailed explanation. Cliro uses your performance, syllabus coverage and review needs to direct practice towards the areas that deserve your attention.
Practice session
Question 4 of 10
Fixed Income
Duration & convexity
A bond has a modified duration of 7.2 and an annual convexity of 65. If yields rise by 50 basis points, the estimated change in the bond's price is closest to:
- Fall by approximately 3.6%
- Fall by approximately 4.2%
- Rise by approximately 4.2%
- 2027 Level I practice questions
- 2,500+
- Level I topic areas
- 10
- question independently authored and quality-reviewed
- Every
- practice selection
- Adaptive
2027 Level I practice questions
Level I topic areas
question independently authored and quality-reviewed
practice selection
2,500+ questions. You shouldn't have to choose between them.
Cliro uses what it learns about your preparation to focus practice on the concepts that matter most now.
Mock exams
Full mock exams, under real exam conditions.
2 full 180-question mock exams are included with Cliro Exam Pass. Each is split into two realistic 90-question sessions with detailed topic and answer-level analysis.
Mock exam 1 · Session 1
1:52:14 remaining
Question 34 of 90
FlaggedAn analyst observes a 3-year annual-pay bond priced at 98.42 with a 4% coupon. The bond's yield to maturity is closest to:
- 4.24%
- 4.58%
- 4.91%
No feedback during the mock: answers stay hidden until both sessions are complete.
Navigator
- Answered
- 63
- Flagged
- 7
- Unseen
- 20
Mock exam 1 · Results
180 questions
68%
Overall score
- 122
- Correct
- 51
- Incorrect
- 7
- Unanswered
Ethics
71%10 of 14
Quantitative Methods
64%9 of 14
Economics
78%11 of 14
Financial Statement Analysis
52%13 of 25
Fixed Income
58%14 of 24
Focus areas are built only from questions you actually answered. Unanswered questions never count as evidence of weakness.
- full mock exams included
- 2
- questions per mock
- 180
- mock questions in total
- 360
- timed sessions per mock
- 2
- questions per session
- 90
- minutes per session
- 135
full mock exams included
questions per mock
mock questions in total
timed sessions per mock
questions per session
minutes per session
Mock questions are held in a reserved bank, so they never appear in adaptive practice or review beforehand. Your mock score reflects preparation, not recall of questions you have already seen.
The hard part isn't finding more questions.
It's knowing which ones matter now.
CFA Level I covers a broad syllabus and most candidates are studying around a job. Traditional question banks hand you volume, then leave you to decide what to revise.
You can answer hundreds of questions and still spend too much time on the wrong areas. Cliro uses your performance, syllabus coverage, exam weighting and review timing to keep deciding what deserves your attention next.
The Cliro loop
One system. Continuously adapting.
Five stages that feed back into each other, not five separate features.
- 01
Diagnose
Find your starting point across all ten Level I topics.
- 02
Focus
Cliro identifies the most useful area to work on next.
- 03
Practise
Build evidence through targeted questions.
- 04
Review
Previously studied concepts return when they are worth checking again.
- 05
Adapt
Every answer updates what Cliro recommends next.
Adapt feeds what it learns straight back into Focus, so the loop restarts every time you answer.
Study planning
Built around the time you actually have.
Tell Cliro your exam window and how much time you can realistically study each week. Your plan uses that context to shape what you work on and how much to tackle.
Study plan
Feb 2027 window
- Your availability
- 8 hrs / week
- Today
- About 45 minutes planned
- This week
- 180 / 480 minutes
- Exam
- 137 days
Current phase
Build
Broadening coverage while reinforcing the topics carrying the most exam weight.
Focus areas
- 01Fixed Income5 concepts need work · 11–14% of exam
- 02Financial Statement AnalysisAccuracy slipping · 11–14% of exam
- 03DerivativesNo evidence yet · 5–8% of exam
Upcoming
Scheduled review
Due today
6 concepts to review • About 9 minutes
- Effective duration
- Money-weighted return
+4 more
Tomorrow
3 concepts to review
- Inventory cost flow methods
- Forward rate agreements
+1 more
Later this week
8 concepts to review
- Standard III(B) Fair Dealing
- Operating leverage
+6 more
Review
Getting it right once isn't the same as remembering it.
Cliro brings previously studied concepts back when they're worth checking again, so your revision responds to what is fading as well as what is weak.
- 2027 Level I curriculum
- 2,500+ practice questions
- 2 full mock exams included
- Independent practice content
Free diagnostic
Start by finding out where you actually stand.
- questions
- 30
- Level I topics
- 10
- minutes
- 25
questions
Level I topics
minutes
Your diagnostic gives you:
- An initial syllabus profile
- Visibility into areas where evidence is still limited
- Your first personalised study focus
No payment details required.
Pricing
Simple pricing. Start free.
One payment. Full access until 14 days after your selected CFA Level I exam window ends (including 2 full 180-question mock exams), or pay monthly if you prefer. Everything you need to prepare is included. More mock packs are coming soon.
Free diagnostic
£0
Understand where you're starting and see how Cliro prioritises your study
- 30-question diagnostic across all 10 topics
- Initial syllabus profile
- First personalised study focus
- No payment details required
Cliro Exam Pass
£129one-off
Full access through 14 days after your selected exam window. No automatic renewal.
- 2,500+ 2027 Level I practice questions
- 2 full 180-question mock exams included
- 360 mock questions in total
- Personalised study priorities
- Study plan built around your exam date
- Detailed mock performance and answer review
- Full progress and knowledge tracking
- Detailed answer explanations
- Concept-level Curriculum Map
- Formula Gym
- Adaptive review scheduling
Monthly
£39/month
Flexible
The same full Cliro CFA product, billed monthly. Cancel anytime.
Choose MonthlyExam Pass is a single payment with no automatic renewal. Monthly can be cancelled at any time. Everything you need to prepare is included, and more mock packs are coming soon. Prices include any applicable tax. See the refund and cancellation policy.
Your learning budget
Your employer may cover Cliro.
If you work in finance, your organisation may offer a learning, professional-development or qualification budget that can be used towards job-related study.
Check your company policy or ask your manager or HR team.
Eligibility depends on your employer's policy.
Stop guessing what to revise next.
Start with a free diagnostic and let Cliro build your starting point.
30 questions • About 25 minutes • No payment details required