CFA Preparation Strategy for Non-Commerce Students

Chartered Financial Analyst Exam 2026 ( CFA Exam )

DeskCalelnderResult - 19 Mar '26

Saumya
Saumya Jain
Assistant Manager- Content
Updated on Feb 26, 2026 22:13 IST
CFA preparation for students from non-commerce background require extra effort. CFA exam is considered one of the hardest finance exams, which requires proper study and dedication. Read the article below to know how to prepare for CFA exam for non-commerce students.

CFA preparation for students from non-commerce background require extra effort. CFA exam is considered one of the hardest finance exams, which requires proper study and dedication. Read the article below to know how to prepare for CFA exam for non-commerce students.

CFA Exam Preparation for Non-Commerce Background Students

CFA Exam Preparation for Non-Commerce Background Students

CFA preparation for students from non-commerce background may require extra effort. CFA exam is considered one of the hardest finance exams, which requires proper study and dedication. The exam is more gruelling, especially for students with no finance background. However, it is not necessary to have a commerce degree to apply for the CFA exam. Graduates from any discipline can apply for CFA Level 1 exam 2026. In fact, many engineers, analysts, and professionals from non-commerce fields are earning the CFA charter to pivot into finance. If candidates are motivated and strategic, the CFA program can open doors to high-impact roles - even without a traditional background. 

Read the article below to know the CFA preparation strategy for non-commerce students. 

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Table of contents
  • Why Should Students From Non-Commerce Background Opt for CFA Charter?
  • CFA Exam Preparation for Non-Commerce Students
  • CFA Exam Preparation Tips for Students Without Commerce Background

Why Should Students From Non-Commerce Background Opt for CFA Charter?

CFA charter is one of the most respected credentials in global finance indusry and it demonstrates the commitment of candidates to learning core concepts such as portfolio management, ethics, and financial analysis and skills that are valuable in industries ranging from asset management to fintech. Candidates do not need a finance degree to show they understand how markets work, but what they do need is discipline, curiosity, and the right CFA preparation strategy.

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CFA Exam Preparation for Non-Commerce Students

To prepare for CFA exam, students from non-commerce background have to start as early as possible. CFA exam has three levels, i.e. Level 1, 2, and 3, and each level of the CFA exam requires students to put in a lot of effort and time to fetch a good score and pass. According to experts, students should spend at least 300 study hours to ace the exam. 

Students should start with CFA curriculum, which is available on the CFA Institute website. Starting with CFA Level 1 preparation, students will get to build a strong based in finance. If the candidate is new to accounting or economics, they should consider online crash courses or beginner-friendly tutorials. Once they are comfortable with basics, they can move into structured CFA study programs that offer lesson plans, practice questions, and mock exams.

The CFA journey is a rigorous one and can seem intense at first. But, eventually, with a focused study plan and consistent effort, students can ace the CFA exam event without a finance background.

CFA Exam Preparation Tips for Students Without Commerce Background

Students can prepare for the CFA exam with the right study material and resources to make the preparation useful. Check below a few tips on how to prepare for CFA exam:

  • Do not reply on rote learning and rather focus on in depth understanding of concepts
  • Students can opt for video tutorials to prepare for the exam
  • A consistent timetable is a must which includes 10 to 12 hours of study a week for at least six months
  • Start CFA mock exams early to build timing and test-day confidence.
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About the Author
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Saumya Jain
Assistant Manager- Content

Saumya Jain is an English Literature graduate from the University of Delhi. She has over 8 years of editorial and content writing experience. At Shiksha.com, she has spent more than six years creating research, stud

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Answered 21 hours ago

Students looking for global investment management courses, CFA is the best choice. CFA offers higher salaries, and CA is best for students looking to build a career in taxation and auditing in India. Top tier MBA excel in corporate leadership and networking. 

R

Rashmi Shukla

Contributor-Level 6

Answered 21 hours ago

Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.

78439168
Saumya Jain

Contributor-Level 10

Answered 2 days ago

Check the exam structure for Level 2 exam below:

Structure Details
Time Duration

Session 1: 2 hours 15 mins

Session 2: 2 hours 15 mins

Total: 4 hours 30 mins

Type of questions

MCQs and Item Sets with Vignettes

Number of questions

88 MCQs

22 Item Sets

M

Mani Malhotra

Contributor-Level 6

Answered 2 days ago

 
There is a limit of 6 attempts per CFA Level. Students have to pay registration fee for each attempt. 

S

Shiksha Shukla

Contributor-Level 6

Answered 2 days ago

Unlike the Level 1 exam, CFA Level 2 exam does not only have MCQs. It also consists of item set questions which will be comprised of vignettes. 

N

Nishtha Shukla

Contributor-Level 6

Answered 2 days ago

No, CFA Level 1 exam only have 180 multiple choice questions. Students have to choose the correct option from the given options. 

A

Abhishek Kumar

Contributor-Level 6

Answered 2 days ago

CFA Level 1 exam is conducted for a total of 4.5 hours. The exam is spread in 2 sessions. Each session duration is 2 hours and 15 minutes.

R

Rohini Bhatnagar

Contributor-Level 6

Answered 6 days ago

A candidate who has scored really well could have a high confidence interval. They will have grey line with the confidence interval box above MPS. 

A candidate who has scored poorly can have a high confidence interval, they would not have passed under any circumstances and would need to study more in

...Read more

S

Shiksha Shukla

Contributor-Level 6

Answered 6 days ago

The light blue box around or over and above the MPS is the confidence interval in CFA result card. 

N

Nishtha Shukla

Contributor-Level 6

Answered 6 days ago

CFA result cum scorecard includes a purple dashed line, which indicates 90th percentile. This means that 10 per cent of students scored higher than this. 

R

Rohini Bhatnagar

Contributor-Level 6