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CFA Level 3 Exam Aug 2024 - Dates (Out), Registration, Syllabus & Pattern, Result
Edited By Sumeet Sudarshan | Updated on May 09, 2024 09:44 AM IST | #CFA Exam
The Chartered Financial Institute has opened 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.
Also Check: CFA Level 1, 2 & 3 Registration Open - Apply Now
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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.
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 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
| Events | February 2024 | August 2024 | February 2025 |
|---|---|---|---|
Registration Window Opens | May 16, 2023 | November 14, 2023 | May 9, 2024 |
Scheduling Window Opens | May 16, 2023 | November 14, 2023 | May 9, 2024 |
Early Registration Deadline | July 13, 2023 | January 23, 2024 | July 9, 2024 |
Registration Closes on | November 8, 2023 | May 14, 2024 | November 7, 2024 |
Scheduling Last Date | November 21, 2023 | May 21, 2024 | November 12, 2024 |
Rescheduling deadline for CFA Level 3 exam | January 18, 2024 | July 18, 2024 | January 18, 2025 |
| February 15 - February 18, 2024 | August 16 to 19, 2024 | February 13-16, 2025 | |
CFA Level 3 Result Date | April 11, 2024 | Will be notified | Will be notified |
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.
| Particulars | Details |
|---|---|
| Qualification |
|
| Other requirements |
|
CFA Level 3 Registration 2024
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 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 | February 2025 |
|---|---|---|
Early registration fee | USD 940 | USD 1090 |
Standard registration fee | USD 1250 | USD 1390 |
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
|
Duration of exam | 4 hours and 24 minutes |
Marking scheme |
|
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.
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
| Subject | Aim | Weightage |
|---|---|---|
Ethical and Professional Standards |
| 10-15% |
Quantitative Methods | Exploring about quantitative concepts and techniques used in financial analysis; investment decision making | 0% |
Economics |
| 5-10% |
| Financial Statement Analysis |
| 0% |
Corporate Issuers/ Finance |
| 0% |
Equity Investments |
| 10-15% |
Fixed Income |
| 15-20% |
Derivatives |
| 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 |
| Bhubaneshwar | Chandigarh | Raipur |
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 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 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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