In what order should I prepare for and take the GMAT, IELTS, and CFA to ensure I meet admission requirements for business master's programs?
Take IELTS first since it is quickest to clear, then prepare for the GMAT over 3 to 6 months as your main admissions test, and pursue the CFA afterward, only if you are targeting finance focused programs such as an MSc Finance or investment management career path.
You should generally prepare for these in the order IELTS, then GMAT, then CFA, since each serves a different purpose in your application. IELTS proves English proficiency quickly, the GMAT is your core admissions test, and the CFA is a professional credential rather than an admission requirement.
Recommended Preparation Order and Timeline
| Step | Typical Time Needed | Why This Order |
|---|---|---|
| 1. IELTS | 1 to 2 months | Basic eligibility requirement, scores valid 2 years |
| 2. GMAT | 3 to 6 months | Core quantitative and verbal admissions test |
| 3. CFA | 4 to 6 plus months per level | Optional credential, mainly for finance focused programs |
When to Adjust This Order
- MSc Finance applicants: CFA Level I can strengthen your profile if time allows after the GMAT.
- Business Analytics applicants: prioritize IELTS, GMAT, and technical skills like Python and SQL over CFA.
- General MiM or management applicants: spend saved time on internships, essays, and recommendations instead of CFA.
My Advice
Do not delay your application timeline just to finish a CFA level, since most business masters programs do not require it, and a strong GMAT score combined with solid essays and recommendations will usually move your application further than an unfinished CFA level.
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