The Complete CFA Roadmap (2025)

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If you're planning to take the CFA exam in 2025 but feel overwhelmed, you're not alone—and this guide is here to help. Created by a CFA charterholder, it lays out a complete roadmap for navigating the exam journey, from deciding whether the CFA is right for your career to building a solid study timeline and avoiding burnout.

The CFA charter remains a respected credential, especially for careers in asset management, equity research, portfolio management, and corporate finance. However, it’s a major time commitment—requiring over 900 hours of study across three levels. The 2025 exam schedule includes four windows for Level I, three for Level II, and two for Level III.

All exams are computer-based, and new updates include revamped content in Quant Methods and Portfolio Management, plus mandatory Practical Skills Modules in areas like Python and financial modeling.

Each exam level has a unique focus. Level I covers foundational topics such as Ethics, Economics, and Financial Reporting with a multiple-choice format. Expect 300–350 hours of prep over six months.

Level II shifts to item-set questions and deeper application, requiring similar prep time but more practice-based techniques. Level III introduces constructed response (essay-style) questions centered on portfolio management and wealth planning, emphasizing critical thinking and communication.

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