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Expect ~$1,000 USD per exam for the exam fees and the CFA Institute books. Most people will also use a third-party self-study packages, which include practice exams, condensed books (the CFA ones are 2x+ longer), study tips, online question banks, etc. Factor in an additional $500-1,000 USD per exam for these. Schweser is the most popular study package: http://www.schweser.com/cfa/. No matter how diligent you think you are, most people I know took an additional 5-10 days holiday in the run-up to the exam.
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.