CFA Level 3 Exam 2026: Dates (Out), Registration (Open), Syllabus & Pattern

CFA Level 3 Exam 2026: Dates (Out), Registration (Open), Syllabus & Pattern

Upcoming Event

CFA Exam Exam Date:12 Nov' 25 - 18 Nov' 25

Mirza Farhan BaigUpdated on 24 Oct 2025, 12:06 PM IST

The Chartered Financial Institute will close the CFA Level 3 Feb 2026 exam registration on October 29, 2025. The institute will close the CFA level 3 scheduling window for February 2026 session on November 5, 2025. Candidates can pay a USD 250 rescheduling fee until January 18, 2026 to change the exam appointment within the exam window. The upcoming CFA Level 3 exam, scheduled for February 2026, is set to take place from January 29 to February 1, 2026. Candidates can register from the official website - cfainstitute.org.

This Story also Contains

  1. CFA Level 3 Exam Overview
  2. CFA Level 3 Exam Date
  3. CFA Level 3 Exam 2026 Dates
  4. CFA Level 3 Eligibility Requirement 2026
  5. CFA Level 3 Registration 2026
  6. CFA Level 3 Fees 2026
  7. CFA Level 3 Exam Pattern 2026
  8. CFA Level 3 Syllabus 2026
  9. CFA Level 3 Preparation Tips
  10. CFA Level 3 Admission Ticket 2026
  11. CFA Level 3 Test Centre 2026
CFA Level 3 Exam 2026: Dates (Out), Registration (Open), Syllabus & Pattern
CFA Level 3 Exam 2026: Dates (Out), Registration (Open), Syllabus & Pattern

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

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 1240

CFA Level 3 Standard Registration FeeUSD 1590

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 2026 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 2026 Dates

Events

February 2026August 2026

Registration Window Opens

April 29, 2025November 11, 2025

Scheduling Window Opens

April 29, 2025November 11, 2025

Early Registration Deadline

July 7, 2025January 21, 2026
Invoice Payment Deadline
September 19, 2025March 27, 2026

Registration Closes on

October 29, 2025May 6, 2026

Scheduling Last Date

November 5, 2025May 13, 2026

Rescheduling deadline for CFA Level 3 exam

January 18, 2026August 3, 2026

CFA Exam Dates

Jan 29, 2026 - Feb 1, 2026August 13-17, 2026

CFA Level 3 Result Date

Will be notifiedWill be notified
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CFA Level 3 Eligibility Requirement 2026

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 2026

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 Feb 2026 registration will close on October 29, 2025. For the complete schedule of CFA Level III registration, check CFA Level 3 exam dates.

Steps to register for CFA Level 3 exam 2026

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 2026

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 2026August 2026

Early registration fee

USD 1240USD 1240

Standard registration fee

USD 1590USD 1590
Rescheduling feeUSD 250USD 250

CFA Level 3 Exam Pattern 2026

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 2026

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 2026

  • 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 2026

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 topicsWeightage
Asset Allocation15-20%
Portfolio Construction15-20%
Performance Measurement5-10%
Derivatives and Risk Management10-15%
Ethical and Professional Standards10-15%
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 2026

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 2026

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 2026, 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
BhubaneshwarChandigarhRaipur

New Delhi

Pune

Rajkot
DehradunJodhpur-

CFA Level 3 Result 2026

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)

Q: Can I reschedule my CFA Level 3 exam date for the February 2026 session?
A:

The rescheduling deadline for the CFA Level 3 Feb 2026 session is January 18, 2026.

Q: How many times CFA Level 1 exam conducted in a year?
A:

CFA Level 1 exam is conducted four times in a year.

Q: When is CFA Level 3 exam held?
A:

Candidates have the option to appear in the CFA Level 3 exam twice a year  - February and August sessions.

Q: What is the pass rate for the CFA Level 3 exam?
A:

As per the previous data, the average CFA level 3 pass percentage is 55%.

Q: When will CFA Level 3 results be released?
A:

CFA Level 3 results will be released on the official website after 6-8 weeks of completion of the exam.

Q: What is the rescheduling fees for CFA Level 3 exam?
A:

If you want to reschedule the CFA Level 3 exam date, the you have to pay USD 250 as an exam rescheduling fee.

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