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Expect ~$1,000 USD per exam for the exam fees and the CFA Institute books. Most people will also use a third-party self-study packages, which include practice exams, condensed books (the CFA ones are 2x+ longer), study tips, online question banks, etc. Factor in an additional $500-1,000 USD per exam for these. Schweser is the most popular study package: http://www.schweser.com/cfa/. No matter how diligent you think you are, most people I know took an additional 5-10 days holiday in the run-up to the exam.
That will give you 20 weeks before the exam. You may not need all the time but itâs far better to overstudy than to not study enough. As for How to Pass the CFA Level 1 Exam, check out some of the posts here on the blog. The first exam is extremely broad-based but you do not need much detail in each topic area.he results of the June CFA exams were released last week, marking the end to a long and difficult exam season. Less than half the level one candidates (42%) passed the exam with level two candidates doing a little better with 46% passing their CFA exam.