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CFA Program Level III

Final CFA exam: portfolio management and wealth planning, with a chosen specialized pathway.

Courselo drafts the full syllabus, lessons and practice from the verified CFA Level III format in a few minutes.

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At a glance

Set by
CFA Institute
Level
Professional (graduate-level), final level
Region
Global
Programme
Chartered Financial Analyst (CFA) Program
3 versions
Portfolio Management pathwayPrivate Wealth pathwayPrivate Markets pathway

The format, as published

  • 11 item sets (4 multiple-choice questions, 3 points each) plus 11 essay/constructed-response sets (12 points per set), of which 1 item set and 1 essay set are unscored trial sets; two sessions of 2 hours 12 minutes (4 h 24 min total), typed on computer at Prometric.
  • Common core 65–70% (Asset Allocation 15–20%, Portfolio Construction 15–20%, Derivatives and Risk Management 10–15%, Ethics 10–15%, Performance Measurement 5–10%) plus the chosen pathway 30–35%, examined in both item-set and essay formats.
  • Offered in February and August windows only.

Summarised from official sources. Always confirm dates and rules with the exam board.Official information(opens in a new tab)