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
Definition of millionaire. : a person whose wealth is estimated at a million or more (as of dollars or pounds)