According to the CFA Institute, the following is what a CFA candidate can expect: 1  An average of four years to complete the program. 2  Six months of preparation for each exam. 3  250 hours minimum of study time = 10 to hours per week.sing the 10-year average pass rates (2003-2012) of 38% for Level I, 43% for Level II, and 55% for Level III, and assuming that one cannot take the exam again after failure (which is not the case), the maximum chance of passing all three exams in a row is about 9.8%. But don't be discouraged.
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account. Depending on the currency, a certain level of prestige is associated with being a millionaire, which makes that amount of wealth a goal for some and almost unattainable for others. In countries that use the short scale number naming system, a billionaire is someone who has at least a tho
Millionaires are Baby Boomers (or Older) For most Americans, incomes tend to rise with age and experience. Thus, it is not surprising that in 2009, 80 percent of millionaires were older than age 45 and close to half of all millionaires (46 percent) were older than age 55.