How long does it take to prepare for CFA Level 1?
2024-01-03Meteor
The preparation time for the CFA exam varies from person to person, and different backgrounds have different learning methods. There is no unified learning duration. The best preparation time for the exam given by the CFA Association is four months, approximately 300 hours, with 2-3 hours of review time per day.
According to the official website of the CFA Association, the average time spent by candidates passing various levels of CFA exams is:
The average time spent on the CFA Level 1 exam is 300 hours;
The average time spent on the CFA Level 2 exam is 328 hours;
The average time spent on the CFA Level 3 exam is 335 hours;
Based on CFA English and Financial Fundamentals, candidates will roughly review the cycle time:
If you have passed the English Test Band 6 and have a good grasp of investment and basic accounting knowledge, it can be said that for someone with a good foundation, it takes two months to read Notes and practice;
If you have passed the English Test Band 6, and have a decent knowledge of investment and basic accounting, with a moderate foundation, it will take three months to read Notes and practice;
If you have passed the English Test Band 6, but have poor knowledge in investment and basic accounting, you can be considered a person with weak foundation. It takes four months to read Notes and practice;
If you haven't passed the English Test Band 6 and don't have a good understanding of investment and basic accounting, you can be considered a zero foundation student. You can prepare for the CFA exam according to the official suggested duration - don't be afraid. This is the perfect time for you to build a financial investment knowledge system.
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