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CFA guide

90-day CFA study plan

A sample calendar skeleton — not an official timetable. Stretch or compress weeks using your hours-per-week and diagnostic scores. You progress Level I → Level II → Level III. Use MiloPrep tools to plan hours for CFA alongside practice in the app.

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MiloPrep will cover every CFA sitting under one subscription.

Horizon

90 days

Sittings in plan

3

Weekly hours

You choose

Core loop

Diagnose → drill → timed

Who this fits

Fits you if

  • Analysts, portfolio managers, and career-switchers targeting investment management who can commit to a multi-year, three-level sequence.

Skip if

  • Candidates who need a US CPA licence, or who only want alternatives depth - CAIA may be the better primary path.
  • Also skip if you cannot protect hundreds of study hours across multiple exam windows.

Six phases

  1. Step 1

    Days 1–15 — Map and baseline

    Skim every CFA content outline and take a short diagnostic per sitting you will attempt first. Log weak areas by topic weight, not by chapter title. Confirm windows on CFA Institute.

  2. Step 2

    Days 16–45 — Heavy practice

    For each formula, write what decision it supports. Blind memorisation fails when the stem changes the inputs. Retest errors within 72 hours so the loop is closed before you move on.

  3. Step 3

    Days 46–60 — Second sitting prep or deepen

    If you are sequencing multiple sittings, begin Level II weights while keeping a light maintenance set on Level I.

  4. Step 4

    Days 61–75 — Timed blocks

    Practise locating the fact that changes each question inside the vignette. Do not answer from topic memory alone. Protect sleep and review only missed patterns.

  5. Step 5

    Days 76–85 — Peak mocks

    Run two continuous practices near the next sitting length. Compare misses to the published weight table and cut low-yield rabbit holes.

  6. Step 6

    Days 86–90 — Taper

    Light review of high-weight domains and ethics/standards where relevant. Do not open brand-new topic trees in the final 48 hours.

CFA study-week checklist

  • Open the CFA hub and mark which sittings you will book first.
  • Spend at least one block on Level I high-weight topics.
  • Run one mixed set, then log every stem you missed with the correct rule.
  • Schedule one timed block near published sitting length this week.
  • Revisit one troubleshooting symptom from the hub and apply the next step.
Pro tip

Ethics application, not slogan recall: Practise duty-of-care conflicts and disclosure timing. The stem usually turns on one missing disclosure.

Tip 2

Vignette fact locating (Level II): Underline only the numbers and constraints each item needs. Extra vignette colour is often a distractor.

Tip 3

If level i mocks stuck in the mid-50s, Reallocate the next two weeks to your lowest high-weight topics only.

Tip 4

If level ii vignettes feel endless, Build a three-line fact sheet per vignette before you open question 1.

Without structured practiceWith MiloPrep-style loops
Read chapters end-to-end with no weight mapBudget weeks to published CFA content-area ranges
Untimed question dumps until exhaustionShort diagnostics → mixed drills → timed sitting blocks
Ignore format (sims / cases / item sets)Separate format drills that match each sitting
Repeat the same miss with no error logLog stem mistakes and retest within 72 hours
ApproachBest forWatch-out
Part-by-part sprintCandidates sitting one CFA part soonLeaving neighbouring topics cold
Weight-first calendarWorking professionals with limited hoursSkipping format practice
Full mock weeksFinal 3–4 weeks before a sittingUsing mocks before a baseline exists

Sitting checklist

PartFocus reminder
Level ITools and ethics foundation. Two sessions of 135 minutes each; 180 stand-alone multiple-choice questions.
Level IIAsset valuation through item sets. 22 item sets / 88 questions across two 132-minute sessions.
Level IIIPortfolio construction and wealth or private-markets application. Eleven item sets plus eleven constructed-response sets across two sessions

Confirm numbers on official pages

Session lengths, question counts, and topic weight ranges come from CFA Institute candidate resources. Topic weights are published as ranges and can shift by year. Level III pathway weights apply within the chosen specialised pathway. MiloPrep does not list fees or historical pass rates on this page.

How we review structure facts

MiloPrep cites awarding-body materials for CFA. Fees and pass rates are excluded when they move too often to state as facts.

Practice access

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  • Mapped practice across every CFA sitting
  • Weak-area targeting instead of random question dumps
  • One expanding study system across professional exams
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Next steps

CFA hub

Overview of Chartered Financial Analyst.

Open hub

Level II practice

Blueprint and sample practice for Level II.

Practice

Level III practice

Blueprint and sample practice for Level III.

Practice

CFA FAQs

How many levels are in the CFA Program?
Three: Level I, Level II, and Level III. You sit them in order.
What is the Level I format?
180 stand-alone multiple-choice questions across two sessions of 135 minutes each, per CFA Institute candidate resources.
How is Level III different?
Level III mixes item sets with constructed-response sets and includes a specialised pathway that carries a large weight band. See the topic table on this page.
Does MiloPrep include all three CFA levels?
Yes. The all-access plan covers Level I, Level II, and Level III practice under one subscription.
Where do these CFA format facts come from?
From CFA Institute candidate resources linked in the official source callout. Topic weights are published as ranges and can change by year.
How many sittings does the CFA exam include?
CFA is structured as 3 levels. On this site we track 3 sittings: Level I, Level II, Level III. Confirm current windows on CFA Institute pages.
What question format should I expect on CFA Level I?
Level I uses Stand-alone multiple choice across about 180 scored items, with roughly 270 minutes of content time. Always re-check CFA Institute before you book.