Home > Exam Prep

Exam Prep - CFA Level III Exam

This is the last of three exams offered by the CFA Institute (formerly the Association for Investment Management and Research (AIMR)). This exam (in addition to other requirements) must be passed for an individual to become a CFA chartholder. The CFA Program is a globally recognized standard for measuring the competence and integrity of financial analysts. Level III explores portfolio management in great depth. 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.
New! Try our CFA Level 3 Quizzer
Exam Information
Time Limit: 6 hours
Number of Questions: Approximately 120, plus an essay.
Minimum Passing Score: Determined each year by the AIMR.
Passing Rates: As of August 2004, 64% passed Level III.
Format: Multiple Choice/50% Essay
Prerequisites: Passing grade on CFA Level II exam, and a U.S. Bachelor's degree or equivalent.
Corequisites: Three years of qualifying work experience must be obtained.
Exam Date(s): June
Exam Results: Usually provided within 90 days.
Official Exam Website: CFAInstitute.org

(Click Here for CFA Level I and II exam information)
Additional Exam Details

To register for the exam, see AIMR's Registration and Enrollment form.
Terms to Know
Frequently Asked Questions
1. When must the required three years of qualifying work experience be completed in order to become a CFA chartholder? View Answer
2. Is there any difference between a Chartered Financial Analyst and a Certified Financial Analyst? View Answer
3. I am interested in pursing the CFA charter, but I do not have a degree in business... View Answer
Related Links & Resources
CFAInstitute.org: CFA Program - The official site for the CFA program at the CFA Institute website. Includes everything you need to know about achieving the certification.
Related Links
Special Offers
• Free Report: 5 Chart Patterns to Know
• Get a Free Options Trading Manual
• Huge Returns in Forex - FREE Report
Ask Investopedia
CFA Level 1 Exam Question - Portfolio Management (view answer)
The security that offers the best protection against purchasing power risk or inflation is which of the following? (view answer)
A formula timing plan which consists of periodic purchases of a fixed dollar amount of an investment company regardless of price is known as: (view answer)
Is there a buy-and-hold strategy in forex, or is the only way to make money by trading? (view answer)
How do you lose money in the Forex market? (view answer)
What were the "browser wars"? (view answer)
What's the difference between weighted average accounting and FIFO/LILO accounting methods? (view answer)
Trading Center
Sponsored Links
add investopedia foot
www.investopedia.com