Popular FAQs and Important tips for Cracking the CFA Exam

Popular FAQs and Important tips for Cracking the CFA Exam

Whether you are planning on taking the CFA exam straight out of college or making a career shift into becoming a CFA later, the process takes a lot of work. We have curated a list of popular FAQs that mainly concern aspirants and some valuable tips regarding the CFA course.

Let’s have a look at these.

FAQs about CFA When can I appear for the CFA exams?

Level I exams are held in February, May, August, and November four times a year. Level II exams are held two times a year, in May and August, and the Level III exams are held twice a year, in May and November.

What educational qualifications do I need to register?

You need to have a college degree or atleast be in your final year of college or have four years of professional experience or a blend of work/college experience.

How much study time is needed for each exam?

Candidates spend 308 hours on average preparing for the exams. The average time required on each exam level is as follows: Level I – 287 hours Level II – 315 hours Level III – 327 hours

How much does a CFA charterholder make?

The average salary for a CFA charterholder in India ranges from 5 to 40 lacs per annum, depending on the level of the CFA exam cleared.

When will I know if I have cleared the exam?

60 days after the exam for levels 1 and 2 and 90 days for Level III.

Essential Tips to Help you Crack the CFA Exam ●

Start your prep early. The CFA exams require an extreme level of dedication and are a marathon. So make a plan six months before the exam.

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Go through your notes at least twice. At first, you learn the concepts, but the second time, you read the notes and deepen your understanding of the CFA curriculum.

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Pay attention to CFA exam weightage. For instance, the Level I exam puts a lot of emphasis on Ethical and Professional Standards and a lot lesser on Alternative Investments.

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Always use additional practice questions and quizzes. The CFA Institute doesn't give out a lot of required information. Therefore, you should boost your preparation with a question bank to better your chances of cracking the exam.

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Be sure to take at least five mock tests. Try to finish the maximum number of questions in the three-hour timeframe. Then, spend extra time reviewing your wrong answers and returning to the Study Notes if necessary.

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