Preparing for the Level III CFA® Program Exam


Level III – the Finish Line is in Sight

You’ve already come a long way in your CFA charter journey. Now it’s time to finish strong. The Level III exam will test your ability to apply everything you learned in Levels I and II to practical, real-life situations.

Previous Knowledge

The knowledge you need to possess prior to preparing for the Level III CFA Program exam is the same knowledge you’ve acquired to this point in preparing for the first two exams. Your exam preparation for Level III will prepare you to complete more complex item sets, and also master the constructed response (essay) portion, which is exclusively a part of the Level III exam.

Level III Curriculum

The topics tested in Level II include:

  • Ethical and Professional Standards
  • Behavioral Finance, Individual Investors, and Institutional Investors
  • Capital Market Expectations
  • Asset Allocation
  • Fixed Income and Equity Portfolio Management
  • Alternative Investments, Risk Management, and the Application of Derivatives
  • Portfolio Execution, Evaluation and Attribution, and Global Investment Performance Standards

How Long it Takes to Study

CFA Institute recommends that you spend an average of 300 hours preparing for each level of the CFA Program exam. According to a 2016 survey, Level III candidates spent an average of 334 hours preparing for the exam.

How to Study

We suggest that candidates employ The Kaplan Way, a three-phase learning strategy: PreparePracticePerform®. This methodology is the foundation upon which Schweser’s CFA Program exam prep products are built.

  • In-Person: Attend live classes in select cities, led by CFA charterholders.
  • Online: All the quality of a live class, with convenient online delivery.
  • Self-Study: Comprehensive, flexible, no-frills exam prep package.

Tips and Tools

Looking for additional tips to help you prepare for the Level III CFA Program exam? Look no further.

  • Start your exam prep early. Develop a routine and stick to it.
  • The tools in your review package work best when used together as designed.
  • Check out these free resources specifically designed for Level II candidates.

Kaplan Schweser
en_USEN

Activity Feed

No more guessing what to study and when. Activity Feed is an interactive guide that simplifies your study plan by providing strategically placed weekly tasks. With our latest upgrades, you can now:

Checkpoint Exams

You will be prompted to take three Checkpoint Exams as you work your way through the Study Program. These checkpoint questions mimic the difficulty and format of the actual CFA Program exam. Performance reports identify how well you understand the topics that have been covered and highlight weak areas where more review is needed.

Quicksheet

Prepare for the CFA® Program exam on the go! This compact study tool summarizes key formulas, definitions, and concepts. The QuickSheet is available as a 6-page, 8.5 x 11", laminated tri-fold or in eBook format.

View Sample

InstructorLink

Ask questions and receive answers from a US/UK instructor at any time.

CORE

PassProtection™

Activity Feed

No more guessing what to study and when. Activity Feed is an interactive guide that simplifies your study plan by providing strategically placed weekly tasks. With our latest upgrades, you can now:

Checkpoint Exams

You will be prompted to take three Checkpoint Exams as you work your way through the Study Program. These checkpoint questions mimic the difficulty and format of the actual CFA Program exam. Performance reports identify how well you understand the topics that have been covered and highlight weak areas where more review is needed.

Quicksheet

Prepare for the CFA® Program exam on the go! This compact study tool summarizes key formulas, definitions, and concepts. The QuickSheet is available as a 6-page, 8.5 x 11", laminated tri-fold or in eBook format.

View Sample

InstructorLink

Ask questions and receive answers from a US/UK instructor at any time.

CORE

INSTRUCTION

REVIEW

PassProtectionTM

Schweser’s PassProtection™

PassProtection™: Schweser’s Commitment to Your Success in the CFA® Program

Nothing in life is guaranteed. That’s why we offer PassProtection™. We’re so confident that with your dedication and our study materials, you’ll have no problem passing the CFA Program exam. But, should you need a second chance, we’ll pay for your entire exam prep package for your next exam sitting.

To be eligible for a full package rebate, you must meet the following criteria:

  • Purchase an Essential, Premium, or PremiumPlus™ Package.
  • Answer at least 50% of your available online questions (i.e., QBank, Topic Assessments, and Practice Exams). To receive credit, your answers must be entered into the online platform.

If you meet these criteria and are registered to retake your CFA Program exam, you’ll receive the same study package FREE of charge for your next exam sitting.