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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.
| 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: |
50%
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)
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
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.
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