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CFA study resources

Written by CFA charterholders. Sub-topic analysis, exam strategy, and everything in between.

All levels Level 1 Level 2 Level 3

65 articles · Page 4 of 6

Level 1 Topic Breakdown

CFA Level 1 Portfolio Management: Complete Guide

Portfolio Management carries 12% of CFA Level 1 — the second highest topic weight — and it connects everything. This is the structured guid…

31 Aug 2026 Read →
Study Strategy

CFA Exam Day Checklist: What to Bring and 12 Things to Check

Most CFA exam-day failures have nothing to do with knowledge gaps. They come from 12 overlooked logistics and mental-management details tha…

22 Aug 2026 Read →
Career

CFA Career Paths: The Jobs That Value the Charter Most

The CFA charter opens specific doors. This is the honest breakdown of which careers genuinely require or strongly value the designation — a…

22 Aug 2026 Read →
Level 2 Pass Rates

CFA Level 2 Pass Rate History: 2026 Results and Trends

The latest CFA Level 2 pass rates, how they compare with the long-run average, the first-timer vs deferral gap, and what the numbers mean f…

13 Aug 2026 Read →
Pass Rates

CFA Pass Rate by Country: What the Data Shows — and What It Doesn't

CFA Institute does not publish country-specific pass rates. But it does publish where candidates come from — and the patterns in that data …

13 Aug 2026 Read →
Pass Rates

Why Is the CFA Pass Rate So Low? 6 Real Reasons

The CFA Level 1 pass rate has run 37–46% in recent exam windows. It's not a fluke — it's the predictable result of a fixed passing standard…

12 Aug 2026 Read →
Level 3 Topic Breakdown

CFA Behavioural Finance Biases: The Complete Level 3 List

Behavioural finance is one of the most fascinating — and most tested — topics at CFA Level 3. Understanding cognitive and emotional biases …

09 Aug 2026 Read →
Level 1 Topic Breakdown

CFA Level 1 Topic Weights 2026 (and the 2027 Changes)

The official CFA Level 1 topic weights for 2026, what they mean in questions on exam day, and the four weights that change for 2027 exams.

02 Aug 2026 Read →
Level 2 Topic Breakdown

CFA Level 2 Corporate Issuers: Capital Structure, M&A, ESG

Level 2 Corporate Issuers goes significantly beyond the WACC and NPV basics of Level 1 — into advanced capital structure theory, M&A deal a…

25 Jul 2026 Read →
Level 2 Topic Breakdown

CFA Level 2 Fixed Income: Where the Marks Quietly Disappear (Z-Spread, OAS, MBS)

Level 2 Fixed Income goes far beyond duration and yield to maturity. Spread measures, MBS valuation, liability-driven investing, and active…

18 Jul 2026 Read →
Topic Breakdown

CFA Alternative Investments: Why the 13% Most Candidates Write Off Is a Hidden Opportunity

Alternative Investments covers private equity, real estate, hedge funds, commodities, and infrastructure across Levels 1 and 2. Most candid…

16 Jul 2026 Read →
Pass Rates

CFA Minimum Passing Score (MPS): How It Is Set and Estimated

The CFA Minimum Passing Score isn't a fixed number. Here's how CFA Institute actually sets it, what the evidence says about its historical …

15 Jul 2026 Read →
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