CFA Level 3 Exam Details: The CFA Level three exam is conducted twice a year: in August and February Sessions. Candidates must ensure they visit the official website of CFA and start filling out the registration form for CFA level three. Below are a few important details regarding the CFA level three exam.
Important Dates Regarding CFA Level 3
The exam conducting authorities will release the important dates for the CFA level three exam on their official website. Candidates must stay updated with the official website and complete the registration process before the date ends. Candidates will be notified when the examination authority releases the dates. Given below is a table consisting of the CFA level three dates.
CFA Level 3 Dates (Expected)
| Events | August 2025 | February 2025 |
| Registration Window Opens | November 14, 2024 | May 9, 2024 |
| Scheduling Window Opens | November 14, 2024 | May 9, 2024 |
| Early Registration Deadline | January 23, 2025 | July 9, 2024 |
| Registration Last Date | May 14, 2025 | November 7, 2024 |
| Scheduling window closes on | May 21, 2025 | November 12, 2024 |
| Rescheduling deadline for CFA level 3 exam | July 17, 2025 | January 18, 2025 |
| CFA Exam Dates | August 16 to 19, 2025 | February 13 to February 16, 2025 |
| CFA® Level 3 Result Date | To be notified | April 11, 2025 |
Also read CFA Level 1 exam details
Highlights of CFA Level 3
The CFA level three exam is conducted twice a year in two sessions. The first session is in February, and the second one is in August. The CFA level three exam is conducted over a period of 4 hours and 24 minutes, which is divided into two sessions. Given below are a few important highlights regarding the CFA Level 3 examination in 2025.
| Exam name | Chartered Financial Analyst Exam |
| Conducting body | The Chartered Financial Analyst Institute (CFA) |
| Duration of CFA Level 3 exam | 4 hours and 24 minutes (will be divided into two sessions) |
| CFA Level 3 Frequency | Two times – May and August |
| Mode of the exam | Online computer-based |
| Language of the CFA Level 3 exam | English |
| Exam website | www.cfainstitute.org |
CFA Level 3 Registration Form 2025
Candidates are required to visit the official website of the exam conducting authority and complete the registration process. They must ensure they fill out the CFA Level 3 Registration Form before the deadline. After entering all the details, candidates must pay the form fees and submit the registration form.
- Candidates are required to visit the official website of the CFA, cfainstitute.org.
- They are required to click on the “Program” icon and start filling out the form.
- They must select the CFA course and level three and start by entering all their details.
- They must enter their personal and academic details in the CFA 2025 registration form.
- After entering all their details, they must make sure they review their CFA level three registration form thoroughly and proceed with the next step.
- They are required to pay the CFA level three registration fee and submit the application form.
- After making the payment, candidates are required to take a printout of their CFA level three receipt for future purposes.
CFA Level 3 Eligibility Criteria
The exam conducting authority releases eligibility criteria for CFA level three that candidates must adhere to. If candidates do not adhere to the CFA level three eligibility criteria, they will not be eligible to sit for the exam. Given below is a list of all the important eligibility criteria for CFA level three.
- It is mandatory for candidates to qualify for both exams. They must pass the CFA level one and level two exams to be eligible for the third one.
- They must have a degree from a recognized university or important institution.
- Candidates must have completed their higher level education of a minimum of 4 years or possess a work experience of 4000 hours.
- It is mandatory for them to have an international passport.
CFA Level 3 Syllabus
Candidates must note that there are certain topics and subjects that they must cover thoroughly to perform better in the CFA level 3 examination. The different topics carry different levels of weight in the CFA level three exam. Given below is a list of all the important aspects of the CFA level three syllabus.
| Topics | Weight % |
| Portfolio Management and Wealth Planning | 35-40% |
| Fixed Income | 15-20% |
| Ethical and Professional Standards | 10-15% |
| Equity Investments | 10-15% |
| Economics | 5-10% |
| Derivatives | 5-10% |
| Alternative Investments | 5-10% |
| Financial Statement Analysis | 0% |
| Corporate Issuers/ Finance | 0% |
| Quantitative Methods | 0% |
CFA Level 3 Exam Pattern 2025
The CFA level three exam is conducted over a time span of 4 hours and 24 minutes. The time is divided into two sessions. The exam is a computer-based test, and it does not consist of negative marking. Given below is a table consisting of the CFA level three exam pattern for 2025.
| Particulars | Details |
| Medium of exam | English |
| type of questions | Vignette-supported Easy questions Multiple choice questions |
| Duration of exam | 4 hours and 24 minutes |
| Marking scheme | No negative marking Each question is worth 3 points |
| Mode of exam | Computer-based |
CFA Level 3 Hall Ticket 2025
The exam-conducting organization will release the CFA level three hall ticket on its official website. Candidates are required to login using their login credentials and download their CFA level three hall tickets. Candidates need to understand that their login credentials must be kept safely; otherwise, they will not be able to access their CFA level three hall tickets. Candidates will not be permitted to enter the examination hall without a hall ticket.
CFA Level 3 Results 2025
The exam conducting authority will release the CFA level three results within 90 days after the exam has been conducted. Candidates are required to login and download their CFA Level 3 results from the official website. They must ensure they check their scores thoroughly and all the important details mentioned in their result. Candidates are required to download their results for future purposes.
FAQs Related To CFA Level 3
Is there any negative marking in the CFA Level 3 exam?
No, there is no element of negative marking in the exam. Candidates do not lose marks for marking the wrong answer.
When will the CFA Level 3 results be available?
The CFA level three results will be released within 90 days after the exam is conducted. The exam-conducting authorities will notify candidates when the results are released.