CFA is a three level examination. For each level of exam approximately six month of preparation is needed.On successfully completing the three exams sequentially you can accumulate 48 months of approved work experience. On an average successful candidates take four years to complete the program
Duration of CFA Program
Completion of CFA Program exams can take minimum of 18 months, But on an average it takes about four years to qualify as a CFA Charter.
Exam Preparation Pattern
As per the latest survey successful candidates spends an average of 300 hours preparing for each level of exam. Preparation time may vary candidate to candidate depending upon prior education and experience.
For each level there are 18 study sessions, so for studying the material with a decent plan is to dedicate 15-20 hours per week, for 18 weeks.
And dedicate the last four to six weeks before the exam to review what you have already studied and practice with sample and mock tests of exam.
When should you take Your exam?
The Level I exam is offered twice per year, in June and December.
The Level II and III exams are offered once per year, in June.
Registration for the exams opens around 11 months before each exam; enroll early to take advantage of the fee schedule and to have enough time to concentrate and study for the exam.