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CFA Level 3 Exam 2025 - Dates (Out), Registration (Open), Syllabus & Pattern, Result
Edited By Mirza Farhan Baig | Updated on Jan 29, 2025 04:45 PM IST | #CFA Exam
Ongoing Event
CFA Exam Application Date : 12 Feb' 2025 - 05 Aug' 2025
The Chartered Financial Institute will conduct the CFA Level 3 Feb 2025 examinations from February 13 -16, 2025 in online mode. The institute closed the CFA level 3 scheduling window for February 2025 session on November 12, 2024. Candidates can pay a USD 250 rescheduling fee untill February 2, 2025 to change the exam appointment within the exam window. The results for CFA Level 3 Feb 2025 will be declared 6-8 weeks after the exam date. The upcoming CFA level 3 August 2025 exam is scheduled to be conducted from August 15-19, 2025 for which registrations close on May 6, 2025. Candidates can register from the official website - cfainstitute.org.
This Story also Contains
- CFA Level 3 Exam Overview
- CFA Level 3 Exam Date
- CFA Level 3 Exam 2025 Dates
- CFA Level 3 Eligibility Requirement 2025
- CFA Level 3 Registration 2025
- CFA Level 3 Fees 2025
- CFA Level 3 Exam Pattern 2025
- CFA Level 3 Syllabus 2025
- CFA Level 3 Preparation Tips
- CFA Level 3 Admission Ticket 2025
- CFA Level 3 Test Centre 2025
The CFA Institute conducts the CFA level 3 exam two times a year - February and August. The CFA exams are held in online mode in 26 centres across the country. The CFA Level 3 exam months have been ideally placed at a gap of 6 months as that is the minimum time gap required between any two CFA Level 3 attempts. To be eligible for CFA Level 3 candidates must have cleared the previous two levels and also completed graduation. Read the complete article to get all information about CFA Level 3 including dates, registration, syllabus, pattern and more.
CFA Level 3 Exam Overview
| Particulars | Details |
|---|---|
Exam name | Chartered Financial Analyst Exam |
Level of exam | National level exam |
Conducting body | The Chartered Financial Analyst Institute (CFA) |
CFA Level 3 exam duration | 4 hours and 24 minutes (will be divided into two sessions) |
CFA Level 3 Frequency | Two times - February and August |
Mode of the exam | Online computer-based |
Language of the CFA Level 3 exam | English |
CFA Level 3 early registration fee | USD 940 |
| CFA Level 3 Standard Registration Fee | USD 1250 |
Exam website | www.cfainstitute.org |
10-year average pass rate | 53% |
Helpline number | 001434-951-5499 |
CFA Level 3 Exam Date
As mentioned, the CFA Level 3 exam 2025 is conducted twice - February and August sessions. Candidates aspiring to take the Level 3 exam should keep in mind the CFA Level 3 exam dates provided by the CFA Institute.
CFA Level 3 Exam 2025 Dates
Events | February 2025 | August 2025 |
|---|---|---|
Registration Window Opens | May 9, 2024 | November 6, 2024 |
Scheduling Window Opens | May 9, 2024 | November 6, 2024 |
Early Registration Deadline | July 9, 2024 | January 29, 2025 |
| Invoice Payment Deadline | September 28, 2024 | March 27, 2025 |
Registration Closes on | November 7, 2024 | May 6, 2025 |
Scheduling Last Date | November 12, 2024 | May 13, 2025 |
Rescheduling deadline for CFA Level 3 exam | January 18, 2025 | July 14, 2025 |
CFA Exam Dates | February 13-16, 2025 | August 15-19, 2025 |
CFA Level 3 Result Date | TBA | TBA |
CFA Level 3 Eligibility Requirement 2025
The CFA institute prescribes the CFA Level 3 eligibility criteria on its website. Candidates must make sure they satisfy the CFA Level 3 eligibility requirements before applying to the exam.
| Particulars | Details |
|---|---|
| Qualification |
|
| Other requirements |
|
CFA Level 3 Registration 2025
To register candidates have to log in to their official CFA accounts and complete CFA registration in online mode only. The CFA Institute does not accept offline applications. CFA level 3 August 2025 registration will close on May 6, 2025. For the complete schedule of CFA Level III registration, check CFA Level 3 exam dates.
Steps to register for CFA Level 3 exam 2025
Step 1 - Go to the official website - cfainstitute.org and select the option Program then go to Register from the dropdown menu
Step 2 - Enter your login details of the CFA account such as email address and password
Step 3 - Select CFA Level 3 course registration and fill the application form
Step 4 - Complete payment according to the CFA Level 3 registration fee
Step 5 - Download the level 3 registration confirmation receipt and save it for future reference
CFA Level 3 Fees 2025
Similar to other levels. the CFA level 3 fees also varies according to the time duration of registration. The early birds who register for the CFA level 3 exam within the early registration deadline get a discount and have to pay less registration fees as compared to those who opt for standard registration.
CFA Level 3 Registration Fee
Particulars | February 2025 | August 2025 |
|---|---|---|
Early registration fee | USD 1090 | USD 1090 |
Standard registration fee | USD 1390 | USD 1390 |
| Rescheduling fee | USD 250 | USD 250 |
CFA Level 3 Exam Pattern 2025
The CFA Institute officially prescribes the CFA level 3 exam pattern such as exam time duration, type of questions asked, the language of paper, and marking scheme. Candidates must carefully study the exam pattern before beginning their preparation.
CFA Level 3 Paper Pattern 2025
Particulars | Particulars |
|---|---|
Medium of exam | English |
type of questions | Vignette-supported
|
Duration of exam | 4 hours and 24 minutes |
Marking scheme |
|
Mode of exam | Computer-based |
Important Points in CFA level 3 Exam Pattern 2025
- Constructed response (essay) questions mixed into both exam sessions: In previous CFA exams, the first session focused on all essay sets and the second session was all item sets. Now, each session of CFA Level 3 exam will have either 6 item sets and 5 essay sets or 5 item sets and 6 essay sets.
- Math editor function removed: Earlier, candidates had the option of using the in-built math editor to describe the steps of calculation or show the values of the essay questions. However, this functionality has now been removed as it caused some confusion in the past. A correct value in the numerical box will earn candidates full credit.
- Highlighting function available within vignette: In the next CFA exams, candidates will have the functionality of highlighting pertinent text within a vignette for every question. Previously, the functionality was limited to the question itself, not the supporting vignette.
CFA Level 3 Syllabus 2025
Candidates must carefully go through the new syllabus of CFA Level 3 before commencing their preparation. The CFA Institute prescribes all the subjects, topics and weights assigned in the CFA Level 3 curriculum. It publishes all information to this effect on its official website. The subjects across all levels in the CFA syllabus are common. The difference lies in the weights assigned. Given below in table is CFA Level 3 syllabus including the subjects and weightage.
CFA Level 3 Subject Weightage (New)
| CFA level 3 topics | Weightage |
| Asset Allocation | 15-20% |
| Portfolio Construction | 15-20% |
| Performance Measurement | 5-10% |
| Derivatives and Risk Management | 10-15% |
| Ethical and Professional Standards | 10-15% |
| Pathways (Portfolio Management or Private Market or Private Wealth) | 30-35% |
CFA Level 3 Preparation Tips
Clearing the CFA Level 3 exams requires a proper preparation strategy. The CFA Institute provides study material and prep tests which aspiring candidates can purchase from the official website. In addition to this, candidates must follow some essential tips to prepare for CFA Level 3. Given below are few points that candidates must keep in mind while preparing for the CFA Level 3 exam.
- Focus on the changed topic weights. Some topics have zero weightage and are absent from the curriculum. So study the syllabus properly before commencing preparation.
- Official study material is often updated so practise with them as much as possible to build a strong conceptual understanding.
- Solve mock tests to improve speed and handle time pressure.
CFA Level 3 Admission Ticket 2025
Once the registration, scheduling, and rescheduling duration for a particular session is over, the CFA Institute releases the CFA Level 3 admit card/admission ticket. Candidates can easily download their CFA admission tickets through their official CFA account in online mode. It is mandatory for candidates to have a hard copy of the CFA level 3 admit card on the day of the exam. Entry without the admit card is restricted, hence, all registered candidates should download it beforehand.
Details mentioned on the CFA Level 3 admission ticket:
Candidate’s name and CFA Institute ID number
Last four characters of the passport
Passport expiration date
CFA level 3 Exam date (as selected by the candidate from the given window)
CFA level 3 test centre details
Reporting time at which candidates should reach the exam centre
Exam day guidelines (if any)
CFA Level 3 Test Centre 2025
The CFA Institute releases the list of CFA exam centres on its official website. Test centres are the locations/places where the CFA exam will be conducted. For the year 2025, CFA Level 3 exam will be held in more than 400 test locations across the globe. A list of the Indian CFA level 3 exam centres is uploaded in PDF format on its official website by the CFA Institute. The CFA Level 3 is held across 26 test locations in India.
CFA Level 3 Exam Centres | ||
|---|---|---|
Ahmedabad | Jaipur | Surat |
Bengaluru | Kolkata | Ranchi |
Bhopal | Lucknow | Nagpur |
Kochi | Chennai | Coimbatore |
Hyderabad | Mumbai | Noida |
Indore | Guwahati | Visakhapatnam |
| Bhubaneshwar | Chandigarh | Raipur |
New Delhi | Pune | Rajkot |
| Dehradun | Jodhpur | - |
CFA Level 3 Result 2025
The CFA Institute releases the CFA Level 3 result within 6-8 weeks after conducting the exams. Candidates can check the result in online mode by visiting the official website and logging into their account. No physical copies of the result would be sent to the candidates. The average pass percentage for the last 10 years was 53%.
Steps to check CFA Level 3 result
Step 1 - Login to the official website of CFA - cfainstitute.org
Step 2 - Login to your account and click on the option “CFA Level 3 result”
Step 3 - Individual detailed CFA Level 3 result of the qualified candidate will be displayed on the screen
Step 4 - Download and print it for future reference
CFA Level 3 Careers and Job Prospects
A CFA chart holder has really good career prospects in the field of finance and accounting. Within the finance sector, there are various jobs and roles designed for CFA chartholders. Here are some finance industry and investment management jobs for CFA chartholders:
- Data Scientist: There is a rising deman of CFA chartholders in the field of data science. There are good career prospects for CFA professionals in roles like Financial Analyst, Big Data Analyst, Machine Learning Specialist, Machine Learning Specialist, Business Intelligence Consultant, Business Intelligence Consultant, Risk Manager, Data Visualization Expert, Research Analyst and Natural Language Processing Specialist.
- Data Analyst: In the rising era of investing and asset management activities, there is an increasing need of data analysts. Professionals with strong analytics skills can choose CFA to hone their investment analysis and portfolio management skills. Data analyst jobs hover between intensive statistical analysis, such as financial modelling, and soft skills, such as presenting data insights on a cross-functional project team, a key stakeholders' meeting, or a meeting with consulting clients.
- Forex Currency Traders: Forex currency traders basically anticipate the changes in currency prices and take trading positions. Forex currency traders basically profit from the change in currency demand. Professionals with a strong mathematics ability, problem-solving & analytical skills and meticulous record-keeping can choose this career profile.
- Risk Analyst & Manager: Businesses hire risk analysts and managers to reduce the chances of negative impacts on their businesses from a variety of factors. According to a 2019 CFA Institute compensation study of charterholders and members, risk analysts & managers enjoy a salary of US$129,000.
Frequently Asked Questions (FAQs)
1. When is CFA Level 3 exam held?
Candidates have the option to appear in the CFA Level 3 exam twice a year - February and August sessions.
2. Can I reschedule my CFA Level 3 exam date for the February 2025 session?
The rescheduling deadline for the CFA Level 3 Feb 2025 session is February 2, 2025.
3. What is the rescheduling fees for CFA Level 3 exam?
If you want to reschedule the CFA Level 3 exam date, the you have to pay USD 250 as an exam rescheduling fee.
4. When will CFA Level 3 results be released?
CFA Level 3 results will be released on the official website after 6-8 weeks of completion of the exam.
5. What is the pass rate for the CFA Level 3 exam?
As per the previous data, the average CFA level 3 pass percentage is 55%.
6. How many times CFA Level 1 exam conducted in a year?
CFA Level 1 exam is conducted four times in a year.
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