Get Cfa Scholarship

CFA stands for chartered financial analyst, a professional designation awarded by the CFA Institute to candidates with proven competence in investment analysis and wealth management.

Just How Hard Is The CFA Exam? The Chartered Financial Analyst credential is one of the most demanding exams when it comes to preparation and study time required. The average pass rate for the CFA Level 1 is only 41%. For Level 2, you're looking at a buzzsaw passage rate of 45%.

Overview of CFA Pass Rates Since 2010. The latest CFA pass rates are: 38% for Level 1 (Feb 2023) 36% for Level 1 (Nov 2022)

Having cleared level 1 it's much better than nothing. You could say it give you a little edge, but just a little one, as there are thousands of "levels 1" out there. In this case I do believe that something is better than nothing. You will learn some things though.

You'll pay multiple fees to take the CFA exam. The one-time enrollment fee is $350. The standard registration fee for each level of the exam is $1,200.

The scholarships can be used at any accredited college, university or technical/vocational school and are available for both full-time and part-time students. Best of all? All scholarship funds are paid in advance.

Successful Level I candidates spend more than 300 hours preparing for the exam on average. The best strategy is to leave at least four months (approximately 17 weeks) to finish all the reading material. Don't neglect end-of-chapter questions.

Fixed Income, Derivatives, and Financial Reporting Analysis have always been considered one of the hardest topics for the Level 1 exam. The reason is that these topics demand a lot of reading time and extensive calculations.