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CFA Level 3 Exam Aug 2024 - Dates (Out), Registration, Syllabus & Pattern, Result

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CFA Level 3 Exam Aug 2024 - Dates (Out), Registration, Syllabus & Pattern, Result

Edited By Marar Sumeet Sudarshan | Updated on Apr 26, 2024 02:47 PM IST | #CFA Exam

The Chartered Financial Institute will open the CFA level 3 registration for February 2025 session on May 9, 2024. Candidates can register from the official website - cfainstitute.org. The last date to register is November 7, 2024. The upcoming CFA level 3 August 2024 exam is scheduled to be conducted from August 16-19, 2024 for which registrations close on May 14, 2024.

Earlier, the institute conducted the CFA level 3 February 2024 exam from 15-18, 2024 and the CFA level 3 result for the same was declared on April 11, 2024. 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 23 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.

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CFA Level 3 Exam Overview

ParticularsDetails

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 FeeUSD 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 2024 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 Important Dates

EventsFebruary 2024August 2024February 2025

Registration Window Opens

May 16, 2023November 14, 2023May 9, 2024

Scheduling Window Opens

May 16, 2023November 14, 2023May 9, 2024

Early Registration Deadline

July 13, 2023January 23, 2024July 9, 2024

Registration Closes on

November 8, 2023May 14, 2024November 7, 2024

Scheduling Last Date

November 21, 2023May 21, 2024November 12, 2024

Rescheduling deadline for CFA Level 3 exam

January 18, 2024July 18, 2024January 18, 2025

CFA Exam Dates

February 15 - February 18, 2024August 16 to 19, 2024February 13-16, 2025

CFA Level 3 Result Date

April 11, 2024Will be notifiedWill be notified
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CFA Level 3 Eligibility Requirement 2024

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.

ParticularsDetails
Qualification
  • Should have passed both CFA level 1 and CFA level 2 before registration

  • Should have a bachelor’s degree from any recognized university/ college

  • 4,000 hours of professional work experience or a combination of work experience and education that is accumulated over a minimum of 36 months. Time spent working and on education should not overlap.


Other requirements
  • A valid international passport is mandatory

  • Proficiency in English


CFA Level 3 Registration 2024

As per the official exam dates, the CFA Level 3 registration is open for the August 2024 session till May 14, 2024. To register candidates have to log in to their official CFA accounts and fill the application form in online mode only. The CFA Institute does not accept offline applications. CFA level 3 February 2025 registration will open on May 9, 2024. For the complete schedule of CFA Level III registration, check CFA Level 3 exam dates.

Steps to register for CFA Level 3 exam 2024

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 2024

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

Fees

Early registration fee

USD 940

Standard registration fee

USD 1250

CFA Level 3 Exam Pattern 2024

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 2024

Particulars

Particulars

Medium of exam

English

type of questions

Vignette-supported

  • Essay 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

Important Points in CFA level 3 Exam Pattern 2024

  • 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.
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CFA Level 3 Syllabus 2024

Candidates must carefully go through the 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 Syllabus and Weights

SubjectAimWeightage

Ethical and Professional Standards

  • Help students understand ethics and related challenges to ethical behavior.

  • Know the about the role that ethics and professionalism play in the investment industry

10-15%

Quantitative Methods

Exploring about quantitative concepts and techniques used in financial analysis; investment decision making

0%

Economics


  • To analyse the fundamental concepts of supply and demand

  • Understand various market structures, macroeconomic concepts and principles

5-10%
Financial Statement Analysis
  • Aims to provide thorough explanation of financial reporting procedures

  • Understand the standards that govern the financial reporting disclosures

0%

Corporate Issuers/ Finance

  • Introduction to corporate governance

  • Know the growing impact of environmental and social considerations in investing

0%

Equity Investments


  • Understand the workings of equity investments, security markets, and indexes

  • Know how to analyze industries, companies, and equity securities as well as the use of basic equity valuation models

10-15%

Fixed Income

  • Learn about the fixed income securities and their yield measures, risk factors, markets, and valuation measurements.

  • Calculating yields, the securitization of assets, fixed income securities, bond returns and risks, credit analysis.

15-20%

Derivatives

  • Valuation concepts such as forwards, futures, swaps, and contingent claims

  • Learn about the conceptual framework related to derivatives and derivative markets

5-10%

Alternative Investments

Know about edge funds, private equity, real estate, commodities, and infrastructure

5-10%

Portfolio Management and Wealth Planning

Learn about the fundamentals of portfolio and risk management

35-40%


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 2024

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 2024

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 2024, 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 23 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
BhubaneshwarChandigarhRaipur

New Delhi

Pune


CFA Level 3 Result 2024

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 Question (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 August 2024 session?

The rescheduling deadline for CFA Level 3 August 2024 session is July 17, 2024.

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 two times in a year.

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For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

3 Jobs Available
Journalist

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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