top of page
1.png

Swift 

INTELLECT

How to Pass the CFA Exam

The CFA Exam is known for its rigor and depth, requiring a strategic approach to studying and preparation. Success in the exam demands discipline, effective study techniques, and a deep understanding of financial concepts. Below are key strategies to help candidates pass the CFA exam efficiently.

Add a subheading (2).png

2. Exam-Day Strategies for Success

2.1 Time Management During the Exam

  • The exam is structured in two sessions (morning and afternoon) with a total duration of 4 hours 30 minutes.

  • Allocate time efficiently—don't spend too long on a single question.

  • If unsure about an answer, flag it and move on, then revisit later.

2.2 Master Exam Question Formats

  • Level I: Multiple-choice questions, focusing on fundamental concepts.

  • Level II: Item-set (vignette-based) questions, requiring application of knowledge.

  • Level III: Essay-type constructed responses + Item sets, emphasizing portfolio management.

  • Ensure you understand how each exam level tests your knowledge and adapt your study approach accordingly.

2.3 Stay Calm & Maintain Focus

  • Get a good night’s sleep before the exam—avoid last-minute cramming.

  • Read questions carefully—some questions may have tricky wording.

  • Use the approved CFA calculator effectively for financial calculations.

1. Essential Study Strategies

1.1 Create a Study Plan & Stick to It

  • Allocate at least 300 hours of study per level.

  • Begin studying 5–6 months before the exam to ensure adequate preparation.

  • Break study sessions into manageable daily or weekly goals to cover the full curriculum.

  • Use CFA Institute's Learning Ecosystem for structured study plans, practice questions, and mock exams.

1.2 Focus on the CFA Curriculum & Ethics

  • Every CFA exam question is based on the official CFA Institute curriculum—ensure you study it thoroughly.

  • Ethics & Professional Standards are heavily weighted across all three levels—mastering ethics can be a game-changer.

  • Prioritize high-weighted topics such as Financial Reporting & Analysis, Fixed Income, and Portfolio Management.

1.3 Use Practice Questions & Mock Exams

  • Attempt as many practice questions as possible to reinforce concepts.

  • Take mock exams under timed conditions to simulate real exam pressure.

  • Review incorrect answers carefully to identify weak areas.

bottom of page