CFA Journey: How Long Does It Really Take to Clear All Three Levels?

The CFA (Chartered Financial Analyst) program is considered one of the most respected designations in the finance industry. The CFA program develops finance professionals by providing them with a great understanding of financial analysis, investment management, and portfolio management.

To obtain the CFA designation, one must pass all three levels of the CFA program. The CFA program is rigorous and comprehensive, and passing all three levels can be a difficult and lengthy affair. In this blog, we will look at the CFA certification duration, CFA levels, CFA exam details, CFA exam strategies, and CFA study plan to guide you through understanding the time it takes to clear all three levels of the CFA program.

CFA Certification Duration

The  CFA program is a self-paced program and relies on the individual as far as the completion of the program is concerned. The average time to complete all three levels of the CFA is around 3.5 to 4 years, but this again varies with the study schedule, work commitments, and personal life of the student.

CFA Levels

The CFA program has three levels, namely Level I, Level II, and Level III. Every level of the Certified Financial Analyst Certification builds on the previous one and gradually adding more complex consists and advanced materials.

Level I: This level covers the basics of investment tools, ethical and professional standards, and quantitative methods.

Level II: This level covers asset valuation, economics, and financial reporting and analysis.

Level III: This level covers portfolio management, wealth planning, and ethics.

CFA Exam Details

The CFA exams are administered twice a year, during June and December. Each level of the CFA program requires a 4.5-hour examination divided into morning and afternoon sessions. The exams are computer-based, with questions that include multiple-choice answers, item sets and case studies depending on the level of your CFA exam.

CFA Exam Strategies

Preparing all three levels of the CFA programme requires immense labour and dedication. In this regard, here are a few CFA Exam strategies that can help you clear the CFA exams:

Develop a Study Plan: This is one important plan to ensure that you cover all topics in the CFA curriculum. Make sure that you allot enough time for each topic and keep revising.

Focus on Practice Questions: Practicing past questions can be beneficial in terms of preparation for the CFA exams. It will help understand the type of questions asked and prepare you for the format of the exam.

Stay Updated: The CFA curriculum keeps changing from time to time. You should always keep yourself updated with the new developments in the curriculum.

Take Mock Exams: Mock exams help you understand how prepared you are for your CFA exams. You know where you stand, and it will help you correct weaknesses in areas that need improvement and fine-tune your study plan.

If you want to learn more about this topic, read our blog A Simple Step-by-Step Guide to Prepare for Your CFA.

CFA Study Plan

Creating a study plan is essential to ensure that you cover all topics in the CFA curriculum. Below is a sample study plan for your reference.

Start Early: The best time to start is early. The more time available, the more likely you are to cover all topics in the CFA curriculum.

Allocate Time: Allocate sufficient time for each topic, and make sure you revise regularly.

Past Exam Questions: Master past exam questions to get an idea of what type of questions are asked.

Take Breaks: You must not bore out from the examining process. Give yourself time; take a break every hour or every two hours. It will revitalise you.

Stay Motivated: The motivation level can make all the difference for you in sticking to your study plan. Remind yourself of why clearing the CFA exams is an advantage.

Conclusion

The CFA Institute offers the CFA course, which requires a great deal of dedication, perseverance, and a structured study plan to clear all three levels of the CFA program. Understanding the CFA certification duration, what the curriculum covers at each level, and what to expect in an exam is the key to preparing effectively to succeed. If you hit a stumbling block in choosing the best course, don’t be afraid to reach out to us here at Zell Education. We’re here to help you make the right choice for you. Feel free to reach out to us anytime; we’re ready to assist you.

FAQs on CFA Duration:

Can CFA be done in 2 years?

Yes, it is possible but extremely difficult to complete the CFA qualification in 2 years with proper planning and passing all the levels in one go.

How long is the CFA qualification?

Generally, completing the CFA program takes 3.5-4 years, depending on the individual’s preparation and success in passing the exams.

Is 30 too late for CFA?

No, 30 is not too old to pursue the CFA; many professionals start their programs later as a means of advancing their careers.

Who is the youngest CFA charterholder?

The youngest CFA charterholder is believed to have achieved the title at 20 years old, a true example of dedication and talent.

Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.