It doesn’t take 7 years to pass the CFA! I know many who have done it in 2-4years. during that time most worked gain the experience. After you pass l2, employers take you seriously.
Q to the poster: Why do you want to get into investment analysis? Do you know much about the markets? Most who switch from engineering to investment analysis, generally do not have the “personality type” employers are looking for. (ie, aggressive, very sharp, and extremely articulate, educated from a pedigree university in the States or Europe).
If this doesn’t fit your profile, many firms won’t invite you to progress in the interview process. (Even now, many who fit this profile are currently in the applicant pool).
So, if you like finance, look into becoming a CPA/Auditor or get into financial systems. You probably will be much happier.