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CFA Exam: 7 Tips for Effectively Using Your 300 Hours ~ Posted by: Kaplan Schweser Updated: August 11, 2020. Whether you’re sitting for Level I, Level II, or Level III of the CFA ® exam, CFA Institute recommends that you allot, at minimum, 300 hours for study for each level. However, if you try to cram all 300 hours into the last few months before the exam, it’s likely you will have wasted them, and your chances of passing are slim.

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Level I CFA® Exam Structure ~ On average, a typical candidate takes 4–5 years to pass all three exams. Successful candidates report spending about 300 hours studying for each level, ranging from 303 hours for the CFA Level I exam to 328 for the CFA Level II exam and to 344 for the CFA Level III exam.

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