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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

51 articles · Page 4 of 5

Level 1 Pass Rates

CFA Level 1 Pass Rate 2025: Why Only 1 in 3 Candidates Pass (And What It Hides)

The CFA Level 1 pass rate has hovered around 35–44% in recent years. Here is what that number actually means for your preparation strategy.

14 Jul 2026 Read →
Level 1 Topic Breakdown

CFA Level 1 Portfolio Management: The 6 Concepts That Appear on Every Exam

Portfolio Management is 12% of CFA Level 1 — the second largest topic weight. Here is a focused breakdown of what you need to master.

14 Jul 2026 Read →
Level 1 Study Strategy

How to Pass CFA Level 1 First Try: What the Top 35% Do Differently

The CFA Level 1 pass rate is around 35%. Here is the systematic study approach that actually works — based on what separates candidates who…

14 Jul 2026 Read →
Study Strategy

Why Smart People Fail the CFA: 6 Reasons That Have 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 o…

14 Jul 2026 Read →
Level 2 Study Strategy

CFA Level 2 vs Level 1: 7 Differences Nobody Warns You About

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

14 Jul 2026 Read →
Topic Breakdown

CFA Ethics: The Section That Quietly Decides Who Passes (With 2025 Examples)

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…

14 Jul 2026 Read →
Study Strategy

CFA Exam Results: What Actually Happens Between Submit and Score Release (+ What to Do)

You've submitted your exam. Now what? This guide covers the CFA score release timeline, how to read your results, what the topic band score…

14 Jul 2026 Read →
Level 1 Topic Breakdown

CFA Level 1 Economics: The 3 Topics You Can Safely Ignore (And 4 You Can't)

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…

14 Jul 2026 Read →
Level 3

CFA Level 3 Study Plan for Working Professionals: A Realistic Framework

CFA Level 3 is hard enough without a 50-hour work week. This is the time-efficient, high-ROI study framework built specifically for candida…

12 Jul 2026 Read →
Level 3 Study Strategy

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

The CFA Level 3 constructed response section trips up even well-prepared candidates. This guide covers the format, the grading rubric logic…

12 Jul 2026 Read →
Level 2 Topic Breakdown

CFA Equity Valuation: 5 Models, 1 Framework — The Approach Nobody Teaches You

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 …

10 Jul 2026 Read →
Level 1

CFA Level 3 Fixed Income: The 4 Strategies That Separate Passes From Fails

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 guid…

08 Jul 2026 Read →
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