What does the CFA examinations and 300 hours have in common?
If you're the typical candidate, you probably have at least a vague idea what that number means. But for the atypical candidate, and those not too familiar with the preparation process, enter Exhibit 1 listed on the CFA Institute website:
"Successful candidates report spending an average of 300 hours preparing for each exam. Your preparation time will vary based on your prior education and experience."
If you're the typical candidate, you probably have at least a vague idea what that number means. But for the atypical candidate, and those not too familiar with the preparation process, enter Exhibit 1 listed on the CFA Institute website:
"Successful candidates report spending an average of 300 hours preparing for each exam. Your preparation time will vary based on your prior education and experience."
In fact, the CFA Institute conducted a survey of candidates taking the exam in June 2011 and found that on average candidates spend an average of 302 hours preparing.
Interestingly all results were further broken down:
But let's think for a minute what really is 300 hours (or at least 900 hours for the full CFA qualification).
In 300 hours, you can:
Are you ready to take the plunge? Check out my Resources section to make sure you maximize your pass rate.
Interestingly all results were further broken down:
- Candidates who passed the exam: 313 hours
- Candidates who did not pass the exam: 292 hours
But let's think for a minute what really is 300 hours (or at least 900 hours for the full CFA qualification).
In 300 hours, you can:
- Start and complete 30-35 video games
- Write a novel
- Work out 6 times a week for a year
- Get a flying license
Are you ready to take the plunge? Check out my Resources section to make sure you maximize your pass rate.