CFA Level 3 2020
CFA Level 3 2020 - The Chartered Financial Analyst Institute will conduct the CFA 2020 Level 3 exam. However, CFA Level 3 2020 has been postponed due to the outbreak of COVID-19. Earlier, Chartered Financial Analyst Level 3 2020 was to be conducted on June 6. Candidates will be contacted by the Institute by May 8 regarding the shifting of registrations and the revised exam dates. CFA Level 3 2020 registrations opened on August 8, 2019. Candidates were able to register for the CFA Level 3 exam till October 2, 2019. The last date for CFA Level 3 registrations was February 12 while the late closing date was March 11, 2020. Candidates will be able to download CFA 2020 Level 3 admission tickets a few days prior to the exam. Read further to get complete information about CFA Level 3 2020 like its eligibility criteria, exam pattern, result, and more.
Chartered Financial Analyst level 3 2020 - Overview
Name of Exam | Chartered Financial Analyst (Level 3) exam |
Conducting Body | CFA Institute |
Frequency of Exam | Once a year |
Exam Level | Postgraduate |
Medium of Exam | English |
Mode of Exam | Offline |
Number of Sessions | 2 (Three hours for each session) |
Type of Questions | Essay type questions + MCQs |
CFA Level 3 2020 Important Dates
Candidates must keep checking the important dates of CFA Level 3 to keep track of all the relevant events. The exam dates are released by the exam authorities on the official website - cfainstitute.org. Candidates can check the dates of events scheduled around CFA Level 3 2020 in the table below. Revised dates will be updated here as and when announced by the Institute.
CFA Level 3 Dates
S. No. | Events | Dates |
1 | Beginning of CFA Level 3 registration | August 8, 2019 |
2 | Last date for early registration | October 2, 2019 |
3 | Last date of CFA Level registration (standard) | February 12, 2020 |
4 | Last date for final registration | March 11, 2020 |
5 | Last date of request for religious alternate date | March 16, 2020 |
6 | CFA Exam: Asia Pacific (Levels II & III); Americas and EMEA (all levels) | June 6, 2020 (Postponed) |
7 | CFA Exam: Asia Pacific (Level I only) | June 7, 2020 (Postponed) |
8 | Religious alternate exam day | June 8, 2020 (Postponed) |
CFA Level 3 Registrations 2020
The registrations for CFA 2020 Level 3 started on August 8, 2019 and ended on October 2. There are three types of closing dates for CFA Level 3 registrations - early, standard, and late. The standard and late closing dates were February 12 and March 11, 2020, respectively. Candidates can check the registration process and fee payment details below.
How to fill CFA Level 3 2020 Registration Form?
Aspirants must follow the steps given below to fill the registration form of CFA Level 3 -
Step 1: Visit the official website and log in with your email ID and password
Step 2: Choose ‘CFA Level 3’ as the exam you want to register for
Step 3: Enter your address and click on ‘Save and continue’
Step 4: Choose your CFA Level 3 test centre
Step 5: Fill in details like name, DOB, International Travel passport number, etc.
Step 6: Select the suitable CFA Level 3 eligibility criterion
Step 7: Enter employment details
Step 8: Read the terms and policies, and agree
Step 9: Pay the requisite fee via credit card, cheque, ACH, money order, wire transfer or postal order.
Step 10: Read the registration form and make corrections if required
Step 11: Submit and print for future references
CFA Level 3 Registration Fee
Particulars | Amount (in USD) |
Early bird registration fee (ended on October 2, 2019) | 700 |
Standard registration fee (ends on February 12, 2020) | 1000 |
Late registration fee (ends on March 11, 2020) | 1450 |
CFA Level 3 2020 - Eligibility Criteria
Candidates must check the eligibility criteria of CFA Level 3 exam before registering. It is essential that all the candidates willing to participate in this level fulfil the criteria or else they will not be allowed to take the exam. CFA Level 3 2020 eligibility criteria as been provided in the table below.
CFA Level 3 Eligibility Criteria
Must have passed CFA Level 2 exam | |
Educational Qualification (any one) | Should be a graduate in any discipline |
Four years of professional work (does not have to be investment related) experience | |
A combination of professional work experience and education that totals at least four years. | |
Documents Required | A valid international travel passport |
Professional Conduct Admission Criteria | Must have completed a Professional Conduct Statement form to attest as a proof of fulfilling the eligibility requirement |
Living in a CFA exam conducting country | Must ensure that they live in one of the participating countries. Residents of Cuba, North Korea, or the Crimea region of Ukraine cannot appear for the exam. |
CFA Level 3 2020 Admission Ticket
Successfully registered candidates will be issued admission tickets a few days before the exam is to be conducted. The admission tickets will be released online on the official website. Candidates will have to log in using their email address and password in order to download the admission ticket. These admit cards are to be carried to CFA Level 3 2020 test centres along with their International Travel passports. Candidates must print their CFA Level 3 admission tickets on a plain white A4 size sheet of paper. Candidates who fail to do so will not be permitted to take the exam.
CFA Level 3 2020 Test Centres
The Institute publishes the list of test centres of CFA Level 3 exam on their official website. Candidates can pick a major city of the participating countries to be their CFA Level 3 exam centre. The option to choose the test centres is provided in the registration form. Candidates can also request to have their test centres changed based on the availability of seats later on. The list of CFA 2020 test centres located in India are listed below.
CFA Test Centres in India
Ahmedabad (June only)
Bhopal (June only)
Bangalore
Mumbai
Chennai (June only)
Hyderabad (June only)
Jaipur
Kolkata
Lucknow
New Delhi
Pune (June only)
CFA Level 3 2020 Exam Pattern
It is of utmost importance that the candidates understand the exam pattern and syllabus of CFA Level 3 for efficient preparations. Candidates must go through the CFA Level 3 2020 exam pattern to understand the mode and medium of the exam, nature of questions, marking scheme, etc. Candidates can check all the details about the CFA Level 3 exam pattern in the table below.
CFA Level 3 Exam Pattern
Exam Level | Postgraduate |
Frequency of exam | Once a year |
Mode of exam | Pen and paper based |
Medium of exam | English |
Sessions | Morning session - 9 am to 12 noon Afternoon session - 2 pm to 5 pm |
Time Duration | Three hours for each session |
Type of questions | Multiple choice ‘item-sets’ and constructed response questions |
Number of questions | 120 (60 in each session) |
Total Marks | 180 in each session |
Marking scheme |
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Topics to Prepare for CFA Level 3 Exam
Ethical and Professional Standards
Portfolio Management
Equity Investments
Economics
Derivatives
Alternative Investments
Fixed Income
CFA Level 3 Result 2020
The exam authorities will declare the result of CFA Level 3 2020 roughly after 2 months of the exam. The result will be announced on the official website of the Institute. Candidates will also receive their CFA Level 3 results on their registered email IDs. The result is released only to the candidates and no other third parties to maintain discretion. Candidates can check the steps to check the result on the official website below.
Steps to Check CFA Level 3 Result
Visit the official website - cfainstitute.org
Log in by entering your email address and password
Click on the result link
CFA Level 3 result will be displayed on the screen
Download and print for future references.
Frequently Asked Question (FAQs) - CFA Level 3 2020
Question: What are the minimum passing marks for CFA Level 3?
Answer:
The Institute decides the minimum passing score based on the difficulty level of the exams and other aspects of the exam. The minimum passing score changes every year due to these dynamics.
Question: What are item-sets?
Answer:
‘Item-sets’ are the answer options which can be answered on the basis of the information given in the main ‘vignette’. Each vignette consists of 6 items which are independent of each other but dependent on the information provided in the vignette.
Question: Can I change my exam centre for CFA Level 3 after submitting the registration form?
Answer:
Yes. The Institute provides the facility to do so after closing registrations for a set period of time. Candidates must keep track of the official website to stay updated.
Question: Will I be sent my CFA Level 3 admission ticket on my email?
Answer:
Candidates must log in on the official website to download the admission tickets. CFA Level 3 results will be sent to candidates by email.
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