Background: I graduated with an IS degree and have only done one year of IT-related internships.
I took the exam yesterday and passed it on my first attempt. I spent a few months reading the manual many times and researched topics I wasn't familiar with. I then did all the database questions in one shot (each domain separately) with a 75% average. Once I became familiar with the ISACA mindset and logic, I was able to boost it up to 90s and late 80s in no time. I struggled mostly with the networking concepts, which were barely covered on the exam!
This was the most intense exam I've ever done, but it felt more straightforward and easier than the database questions. Half way through, I felt that I had a good chance of passing it. Initially, I pretty stressed out, so when I first started doing the questions, I felt out of place, especially since they were different than the database ones. After a while, the ISACA thinking came back to me and I saw the questions/answers more clearly.
I flagged about 30-35 questions, but I actually felt pretty confident for the most part, strangely enough. I finished everything in three hours and then just reviewed the flagged questions (2-3 changes). My heart was pounding hard the last 10 minutes, not because I thought I would fail, but because I was just so close to switching my mind to "passed CISA" mode and was still kinda worried that maybe... I might fail. With ISACA exams, I guess you never really know.
I was told many times that this exam requires "work experience" to pass it. Well, you know what? I did not feel like I needed work experience to properly answer the questions. Maybe that's just me. I've always been an A student and aced exams, so who knows. So I guess my experience would apply to graduates who have time to study hard and be prepared. However, I can say with confidence that having a good understanding of the CRM concepts and acing the database questions are more than enough to pass the exam.
Yes, I know I won't get certificated. That wasn't my goal. My aim is to launch my career in IT auditing and having passed the CISA exam, I hope that will give it a boost! But the job search is the most challenging part.

I'm very curious to see what kind of score I managed to get. I have a feeling that I did well and did not just barely pass. Can't know for sure.