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CFA Study Blog

Strategy, topic breakdowns, pass rate analysis — everything you need to study smarter for the CFA exam.

Study Strategy

Why Smart People Fail the CFA — And It Has Nothing to Do With Intelligence

With a ~35% pass rate at Level 1, failure is the norm. Understanding why candidates fail is the first step to making sure you are not one of them.

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James Whitfield, CFA
14 Jul 2026
Level 2 Study Strategy

CFA Level 2 vs Level 1: The Shift Nobody Warns You About

Passed Level 1? Here is what is genuinely different about Level 2 — and how to adjust your study approach accordingly.

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James Whitfield, CFA
14 Jul 2026
Topic Breakdown

CFA Ethics: The Section That Quietly Decides Who Passes

Ethics is 15% of CFA Level 1 and appears on every level. More importantly, it can be the deciding factor for borderline candidates. Here is how to approach it.

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James Whitfield, CFA
14 Jul 2026
Study Strategy

CFA Standards of Conduct: The 7 Standards and Where Candidates Slip Up

You've submitted your exam. Now what? This guide covers the CFA score release timeline, how to read your results, what the topic band scores mean, and exactly what to do whether you passed or failed.

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James Calloway, CFA
14 Jul 2026
Level 1 Topic Breakdown

CFA vs CPA vs MBA: The Honest Answer Nobody in Finance Gives You

Economics is 8% of CFA Level 1 — enough to matter but not enough to justify equal time with Ethics or FRA. This is the focused breakdown of what you need to know versus what you can safely deprioritise.

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Elena Marchetti, CFA
14 Jul 2026
Level 3

CFA Level 3 Essays: Why the Section Everyone Dreads Is the Easiest to Fix

CFA Level 3 is hard enough without a 50-hour work week. This is the time-efficient, high-ROI study framework built specifically for candidates who can't quit their jobs to prepare.

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Priya Ramanathan, CFA
12 Jul 2026
Level 3 Study Strategy

CFA Quantitative Methods: Every Formula Tested, in Plain English

The CFA Level 3 constructed response section trips up even well-prepared candidates. This guide covers the format, the grading rubric logic, and the specific writing habits that convert knowledge into marks.

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Amara Diallo, CFA
12 Jul 2026
Level 2 Topic Breakdown

CFA Alternative Investments: The 13% Almost Everyone Writes Off

Equity Valuation is the highest-weighted topic at CFA Level 2 and a major component at Level 1. This model-by-model guide covers what each approach tests, when to apply it, and the specific errors that appear most often in exam scenarios.

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Daniel Kwame, CFA
10 Jul 2026
Level 1

CFA Equity Valuation: Five Models, One Framework Nobody Teaches You

Fixed Income is worth up to 12% of the CFA Level 1 exam, yet most candidates score below 60% in it. This is the sub-topic-by-sub-topic guide that changes that.

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Thomas Adeyemi, CFA
08 Jul 2026
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