Prospects for physics with 1/fb at CMS

An overview of the physics reach of the CMS experiment at the LHC in pp collisions at the center-of-mass energy of 7 TeV with an integrated luminosity of 1 inverse femtobarn is presented. Various prospects in the Higgs sector of the Standard Model (SM), in the MSSM supersymmetric extension of the SM and in other exotic models beyond the SM will be detailed. The expected sensitivity to the SM Higgs boson produced in the gluon fusion process, as well as the projected sensitivity to the MSSM Higgs bosons are presented. Searches for evidence of supersymmetry are performed in both the all-hadronic and leptonic channels in order to exclude a region of the parameter space beyond the current limits. Expected sensitivities to many other exotic signals are also discussed.