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How long does it take to review for CFA Level 3?

According to the regulations of the CFA Institute, there are two exam opportunities for CFA Level 1 each year, in June and December, while CFA Level 2 and CFA Level 3 exams are only held in June each year.

This means that even if you can pass all CFA Level 3 exams in one go, it will take two and a half years to fully pass.

But it turns out that the vast majority cannot pass all the exams within two and a half years. In terms of the difficulty of the CFA exam, although the CFA Level 1 exam is less difficult, the CFA Level 2 and CFA Level 3 exams are not easy to pass.

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Of course, there is no denying that some masters can do it. This depends on personal circumstances. If you want to analyze how long it takes to pass the three levels of CFA, you must first have an intuitive understanding of the CFA exam subjects and the difficulty of the CFA exam.

The CFA Institute officially recommends 300 hours of preparation time for each level of the CFA exam. According to official statistics, the global average time it takes to pass the three levels of exams is 4 years.

The fastest situation is to apply for the CFA Level 1 exam in December and pass it, then apply for the June exam, and then apply for the CFA Level 3 exam. In this way, the fastest possible time is to pass the three levels of exams in 2 and a half years.