Unit 1

The Unit 1 pass mark

CFA UK sets the Unit 1 pass mark for each exam. It usually falls between 65% and 75%, and between 65% and 80% of candidates pass.

Questions85
Time1 hour 40 minutes
FormatOnline: multiple choice, item sets and gap fill
Pass markSet for each exam, usually 65% to 75%
Pass rate65% to 80%

How the pass mark works

  • The pass mark is not one fixed figure: CFA UK sets it for each exam, usually between 65% and 75%.
  • Results are pass or fail, so there is no grade to aim beyond a pass.
  • CFA UK advises aiming for 75% or more on its mock exams.

Check your own readiness

  • Take the free diagnostic: 12 questions across the topics, scored by topic.
  • Fix the weakest topic first with its lesson and practice questions.
  • Sit the full 85-question mock in 1 hour 40 minutes before you book.

Try 4 questions

Question 12.1 Ethical and compliance-driven behaviour
Question 26.1 Income tax on earnings, savings and dividends; allowances and trusts
In the 2026/27 tax year Tom, who lives in England, earns a salary of £30,000 and receives £6,000 of dividends from shares held outside an ISA. He has no other income. How much income tax is due on his dividends?
Question 34.1 Ownership of property, insolvency and bankruptcy
Anil and Beth own their house as joint tenants. Anil dies, and his will leaves everything he owns to his son from an earlier marriage. Who owns the house?
Question 42.1 Ethical and compliance-driven behaviour
The board of Ravensworth Asset Management wants to reduce the risk that well-meaning staff cut corners when under pressure. According to CFA Institute, which single factor is likely to be the MOST important in promoting ethical behaviour among the firm's employees?

Next step

CFA UK's IMC mock exams page

Questions people ask

What is the pass mark for IMC Unit 1?

CFA UK sets it for each exam. It usually falls between 65% and 75%.

What is the IMC Unit 1 pass rate?

Between 65% and 80%, on CFA UK's Investment Management Certificate page.

What score should I aim for in mocks?

CFA UK advises aiming for 75% or more on its mock exams.