CFA Level 3 2021
CFA® Level 3 2021- The Chartered Financial Analyst® Institute will conduct the CFA® level 3 exam two times in the year in May and November 2021. Each exam will have a 10 days window for CFA® level 3 registration. Candidates can schedule their exam in this window as their preference. The registration date, scheduling date and exam date are available on the official CFA Institute website. Candidates have to pay the standard CFA® level 3 fees of $1000 for registration. They will be able to download their admission ticket a few days before their CFA® level 3 exam date 2021. CFA® 2021 Level 3 will shift to computer-based examination. The duration of the CFA® level 3 2021 exam will be 4.5 hours. There are two sessions of the exam- morning session and afternoon session. Each session has 8-15 vignettes or constructed response based questions and item set questions along with multiple choice answers. To find more information on the eligibility criteria, exam pattern, registration process, fees, syllabus and other important details of the exam, please read the complete article.
CFA® Level 3 2021- Exam Overview
Exam name | Chartered Financial Analyst (Level 3) exam |
Exam Level | Postgraduate |
Conducting Body | CFA® institute |
Exam duration | 4.5 hours |
Question Type | Vignette-supported- constructed response questions and multiple-choice questions |
Exam Frequency | Twice a year (May and November) |
Mode of exam | Online (CBT) |
Number of sessions | 2 (2.25 hours each) |
Medium of exam | English |
CFA® level 3 2021 exam dates
CFA Institute has released important CFA® level 3 2021 dates on its official website. Candidates must refer to the date given in the table below to be in time forCFA® level 3 registration and schedule their desired exam appointment.
CFA® Level 3 2021 Exam Date for May Session
Events | Date |
Registration window opening date | August 20, 2020 |
Scheduling Window Opens | August 20, 2020 |
Early Registration Deadline | November 03, 2020 |
Last date for CFA® Level 3 registration/Registration Closing Date | February 23, 2021 |
Scheduling window closing date | March 10, 2021 |
Rescheduling CFA® Level 3 2021 deadline | April 16, 2021 |
CFA® Level 3 2021 Exam Date for May Session | May 25 to June 01, 2021 |
CFA® Level 3 result date | To be notified |
CFA® Level 3 Exam Date 2021 for November Session
Events | Date |
Registration window opening date | August 20, 2020 |
Scheduling Window Opens | February 02, 2021 |
Early Registration Deadline | May 04, 2021 |
Last date for CFA® Level 3 registration/Registration Closing Date | August 10, 2021 |
Scheduling window closing date | August 25, 2021 |
Rescheduling CFA® Level 3 2021 deadline | October 14, 2021 |
CFA® Level 3 2021 Exam Date for November Session | November 23 to November 25, 2021 |
CFA® Level 3 result date | To be notified |
CFA® 2021 Level 3- Eligibility criteria
The main eligibility criteria for CFA level 3 2021 is clearing the Level 2 exam. Candidates should have completed a Bachelor’s degree from a recognised university. There is no specified age requirement for the CFA level 3 exam 2021. The other eligibility requirements for the CFA online exam 2021 are given below:
Educational Qualification: Candidates should have complete Bachelor’s or equivalent program from a recognised institution or
Work experience: Candidates should have 4 years of full-time work experience or
Candidates should have a combination of 4 years of full-time work experience and a Bachelor’s degree.
Candidates should complete a Professional conduct statement form.
Documents required: International travel passport, copy of diploma and mark sheet, letter of employment and salary slips
Candidate should live in the participating country
Candidate should be prepared to give the exam in English.
CFA® level 3 registration
The registration date for CFA May 2021 exam and CFA 2021 Nov exam are available on the official CFA Institute website. The registration for the May 2021 exam will close on February 23, 2021, and the registration for November 2021 exam will close on August 10, 2021. Candidates need to pay the separate registration fee for early, standard or late registration. The registration procedure is given below:
Visit the official CFA institute website and login with registered email and password.
Choose the ‘CFA level 3 exam’ option.
Enter and save your address details.
Schedule your exam appointment
Choose the preferred exam centre for CFA level 3 2021.
Fill in details such as name, date of birth, passport number etc.
Enter appropriate eligibility criteria for entry into CFA 2021 level 3
Enter your work experience details
Read and accept the terms, conditions and policies
Pay registration fee using the chosen type of payment method
Check the registration form again and make changes if any required.
Save and submit the exam, print for any future references.
CFA® level 3 fees
The total CFA exam cost is between $2,400 - $4,590 which depends on the fee deadlines. The entire table of exam cost for CFA level 3 is given below:
Fees for CFA Level 3
Fee Type | Fee amount |
Enrollment fee | $450 |
Early registration fee | $700 |
Standard Registeration fee | $1000 |
Late registration fee | $1450 |
CFA® level 3 Exam Centres 2021
The CFA level 3 exam will be conducted across 400 locations around the world. Candidates can choose their exam centre and schedule their appointment before the scheduling deadline given on the official website. The exam centre availability might change due to the pandemic and candidates should keep checking the official website for updates. There will be 13 exam centres in India as given in the table below:
Exam centres in India
Bhopal | Indore |
Bengaluru | Jaipur |
Chennai | Kolkata |
Gandhinagar | Lucknow |
Hyderabad | Mumbai |
Navi Mumbai | New Delhi |
Pune |
For pdf with exam centre locations all across the world, click here.
CFA® level 3 Admit card 2021
The CFA level 3 admission ticket will be released a few weeks before the main exam. Candidates will be informed about the release of admit card for CFA level 3 on their registered email address and mobile number.
Candidates can check the admit card by logging into their CFA account. Admit card contains important information such as exam centre location and passport number. Candidate needs to carry their admit cards along with their international travel passport to their exam centre.
CFA® level 3 Exam Pattern 2021
The CFA level 3 exam will be conducted in online mode or computer-based mode starting from 2021. It is useful to learn about the CFA level 3 exam pattern beforehand as it helps in preparing for the exam better.
Exam pattern for CFA Level 3 2021
Mode of exam | Online(Computer based) |
Medium of exam | English |
Number of questions | 10-15 item set questions (Tentative) |
Number of sessions | 2 sessions (2.25 hours each) |
Type of questions | Item set questions+essay based questions |
Total duration | 4.5 hours |
CFA® level 3 syllabus
The CFA institute prescribed the syllabus for the CFA level 3 exam. There are 7 core curriculum topics in the level 3 exam. The table below covers the topic-wise weights of the exam.
Topic-wise weightage for CFA level 3
Topic | Exam Weight |
Ethical and Professional Standards | 10-15% |
Economics | 5-10% |
Equity Investments | 10-15% |
Fixed Income | 15-20% |
Derivatives | 5-10% |
Alternative Investments | 5-10% |
Portfolio Management and Wealth Planning | 35-40% |
CFA® level 3 Sample papers 2021
To understand the CFA level 3 exam in terms of structure and difficulty, it is important to go through previous years of sample paper. The CFA level 3 sample papers are available online on the official website. The sample paper pdf and other important CFA levels 3 exam pdfs regarding the question paper are given in the table below:
Sample papers for CFA level 3 2021
Item set questions | |
Previous year exam essay questions | |
Essay guideline answers |
What are the Level 3 CFA® 2021 exam day guidelines?
Candidates should reach the exam centre well before the time of the exam.
Candidates should carry their international travel passport to the exam centre.
Candidates need to carry their admit card to the test centre.
Candidates can carry the following items to the exam location- approved calculator, eyeglasses, calculator cases, face masks, inhaler etc.
CFA® level 3 Result 2021
The result for CFA level 3 2021 will be announced online on the official CFA website. Candidates will be informed on their registered email address and mobile number when their result gets released. The result is declared approximately 90 days after the exam date.
The result will contain a detailed topic wise performance of the student and the minimum passing score (MPS)
Frequently Asked Question (FAQs) - CFA Level 3 2021
Question: Does CFA level 3 exam have multiple choice questions?
Answer:
CFA level 3 exam consists of 50% constructed response questions and another half of vignette-based questions, each of which is supported with some multiple-choice questions.
Question: When will the registration open for CFA Level 3 May and November exam?
Answer:
The registration for CFA level 3 May 2021 and November 2021 exam will begin on August 20, 2020.
Question: What is the total exam duration for CFA level 3?
Answer:
CFA level 3 exam duration is 4.5 hours for the computer-based test.
Question: How many hours should be devoted to studying for CFA level 3?
Answer:
Students should devote approximately 344 hours to study for the CFA level 3 exam.
Question: In which months will CFA level 3 2021 exam be conducted?
Answer:
The CFA level 3 2021 exam will be conducted in May and November 2021.
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