.png)
CFA Level 3 Exam: Mastering Portfolio Management & Advanced Investment Strategies
The CFA Level 3 Exam is the final step toward earning the globally recognized Chartered Financial Analyst (CFA®) designation. Unlike the previous levels, which focus on foundational knowledge and financial analysis, Level 3 emphasizes portfolio management, wealth planning, and real-world application of investment concepts.
CFA Level 3 Exam Overview
The CFA Level 3 Exam is a computer-based assessment that evaluates candidates' ability to integrate and apply portfolio management and wealth planning concepts in real-world scenarios. Unlike the previous levels, Level 3 includes constructed response (essay) questions in addition to vignette-supported multiple-choice questions.
-
Total Duration: 4 hours 30 minutes (split into two sessions of 2 hours 12 minutes each)
-
Number of Questions: Approximately 44 multiple-choice & constructed response questions
-
Question Style:
✔ Essay-based (constructed response) – Tests candidates’ ability to explain, justify, and calculate portfolio management decisions
✔ Case-study-based (vignettes) – Followed by multiple-choice questions requiring financial analysis and decision-making -
Exam Frequency: Twice a year – May & August
-
Scoring & Passing Criteria: CFA Institute does not disclose an exact passing score, but historically, 52% of candidates pass
-
Results Availability: Within 6–8 weeks of taking the exam and completing the Practical Skills Module (beginning with February 2025 exams)
.png)
AI-Powered Study Assistant – Instant, Precise Answers
📌 No more endless searching for answers—Swift Intellect’s AI chatbot provides real-time explanations of CFA concepts, formulas, and calculations.
📌 Covers CFA, FRM, CAIA, CIPM, GARP SCR, and CFA ESG topics—helping you break down complex financial definitions into simple, digestible answers.
Swift Intellect’s Features for CFA Level 3 Success
.png)
Flashcards, Formula Tabs & Quick Notes – Instant Recall
📌 Access interactive flashcards for critical CFA formulas & concepts.
📌 Quick Note-taking system allows easy bookmarking of important topics.
📌 Formula Tab feature for pinpointing valuation models, bond pricing, and risk management techniques in seconds.
Swift Intellect’s Features for CFA Level 3 Success
%20(44).png)