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CFA® Level 3 is the final stage of the CFA® Programme. It has a greater emphasis on wealth planning and portfolio management and less emphasis on some of the analytical subjects such as accounting and quants. You must demonstrate a working knowledge of the portfolio management process, from calculating investor constraints, objectives, and capital-market expectations to making asset-allocation decisions.
- CFA Level 3 exams are held in June only every year.
- The CFA® Level 3 exam uses the essay format in the morning, and the item set format, with 10 item sets, in the afternoon.
Topic Areas
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Weightage |
- Portfolio Management & Wealth Planning& Fixed Income
- Fixed Income
- Ethical and Professional standards
- Alternative Investments
- Derivatives
- Equity Investments
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45-55%
10-20%
10%
5-15%
5-15%
5-15% |
Each topic area has one or more Learning Outcome Statements (LOS) that explain what you are supposed to learn from that topic area.
Source: CFA Institute Website
- You can visit the institute's website for this www.cfainstitute.org
- Classroom Training
- Topic Tests
- Mock Exams
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