Have a U.S. bachelor’s (or equivalent) degree .. Or be in the final year of your bachelor's degree program (Note: education information must be updated before progression to Level II)

Or have four years of qualified, professional work experience,
Or a combination of work and college experience that totals at least four years.

(Note: summer, part-time, and internship positions do not qualify)

To have a CFA you need to pass All the Level (1,2 and 3 ) and PLUS + 4 year of Qualified, Professional work experience (Financial)!!

Qualifying activities include being:  

Directly involved in the investment decision-making process or

Engaged in responsibilities and/or producing a work product that
informs or adds value to that process

(from CFA institute)