TOP TOPICS OF THIS PAGE
You’ll need to understand each of these study methods and how to apply them to Level I, Level II, and Level III study sessions so you’re ready to excel by the time you sit down to take the actual exam. Studying for the CFA exam with Wiley’s award-winning CFA study materials gives you an advantage from start to finish.
Follow the CFA Program Curriculum and customize it to best suit your learning style. Take time for practice questions and mock exams and consider joining a study group to enhance your learning experience and maximize your study time.
Get Your CFA® Program Curriculum Print Book.
Prioritize topic areas based on how they are weighted, keep in mind your own personal strengths and weaknesses, and take advantage of all the resources Wiley offers to ensure you’re using each of your 300 plus hours wisely.
Learn more about CFA weights by topic level.
To study for the CFA Level I exam, successful candidates reported spending over 300 hours preparing. You can choose how long to spread this out over, but we recommend allotting at least six months.
To study for the CFA Level II exam, successful candidates reported spending around 328 hours preparing. You can choose how long to spread this out over, but we recommend allotting at least six months.
To study for the CFA Level III exam, successful candidates reported spending over 344 hours preparing. You can choose how long to spread this out over, but we recommend allotting at least six months.
If you total up the hours for each level, you’re left with nearly 1,000 total hours of prep time for the CFA exams. Most candidates will need at least two years to complete the program and earn their CFA charter.
This important approach builds a strong foundation for Level I, Level II, and Level III exams, and increases in difficulty as you progress through each stage.
Plus, you’ll be practicing under a time constraint to better prepare you for the real conditions you’ll experience on exam day. Wiley offers plenty of practice tests to aid you on your journey.
It can be applied at CFA Level I, II, and III, and has been found to be most valuable in topic areas like Ethical and Professional Standards and GIPS where you’re forced to learn the concepts before examining why a standard has or has not been violated.
This method is worth exploring at Level I and Level II of the CFA exam and is most valuable as you practice the constructed response or essay questions on the Level III exam.
Here are some answers to commonly asked questions about how to study for the CFA exam.