CFA-LEVEL III

The learning focus transitions from asset valuation and comprehension in Level II to portfolio management and evaluation in the Level III. Emphasis is on: Asset allocation, Performance Evaluation and GIPS. Level III consists of an essay format exam in the morning session and 10 item sets in the afternoon session. Each item set consists of a vignette (or case statement) and six multiple choice items (questions).

CFA – Level I, II & III Subjects

Name Subject Weights
1 Ethics and Professional Standards 15 %
2 Quantitative Methods 12 %
3 Economics 10 %
4 Financial Reporting and Analysis 20 %
5 Corporate Finance 7 %
6 Equity Investments 10 %
7 Fixed Income 10 %
8 Derivatives 5 %
9 Alternative Investments 4 %
10 Portfolio Management 7 %

*The subject weights vary over the three levels slightly.

For More Details visit CFA Institute Website here.