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daily Instructor: Dr. Jeffrey JonesAbout this Course
Chartered Financial Analyst (CFA) Level III
The CFA Level III exam is the culmination of the CFA Program, building upon the knowledge and skills acquired in Levels I and II. This comprehensive exam assesses your ability to apply advanced investment concepts, portfolio management strategies, and ethical considerations to real-world scenarios.
Course Objectives
Upon successful completion of the CFA Level III exam, candidates will be able to:
- Develop and implement comprehensive investment strategies for individuals and institutions.
- Apply advanced portfolio management techniques, including asset allocation, security selection, and risk management.
- Analyze and evaluate investment performance, considering factors such as risk, return, and market conditions.
- Navigate the complex ethical and legal landscape of the investment profession.
- Demonstrate a deep understanding of global investment markets and their interconnectedness.
- Effectively communicate investment recommendations and strategies to clients and stakeholders.
Course Content
The CFA Level III curriculum is divided into two main sections:
Portfolio Management and Wealth Planning
- Investment Policy Statement (IPS) Development: Learn how to construct a customized IPS aligned with clients' financial goals, risk tolerance, and investment constraints.
- Strategic Asset Allocation: Master the process of allocating assets across different asset classes to optimize portfolio performance and manage risk.
- Tactical Asset Allocation: Understand how to adjust asset allocations based on market conditions and client needs.
- Portfolio Performance Measurement and Attribution: Analyze and evaluate portfolio performance using various metrics and attribution models to understand the sources of returns.
- Wealth Planning: Gain insights into advanced wealth management topics such as estate planning, retirement planning, and tax optimization.
Investment Tools and Applications
- Derivatives: Explore the various types of derivatives and their application in portfolio management, including hedging, speculation, and arbitrage.
- Fixed Income Securities: Deepen your knowledge of fixed income markets, bond valuation, and portfolio construction techniques.
- Alternative Investments: Understand the characteristics, valuation, and risk management considerations of alternative asset classes such as real estate, private equity, and hedge funds.
- Behavioral Finance: Analyze how behavioral biases can impact investor decision-making and portfolio performance.
- Global Investment Management: Gain a comprehensive understanding of international investment markets, currency management, and global asset allocation strategies.
Exam Format
The CFA Level III exam is a two-day, computer-based exam. Day 1 focuses on portfolio management and wealth planning, while Day 2 covers investment tools and applications. Each day includes:
- Morning Session: A 3-hour multiple-choice exam.
- Afternoon Session: A 3-hour essay-style exam.
Benefits of Passing the CFA Level III Exam
Achieving the CFA designation demonstrates a high level of competence and professionalism in the investment field. It offers numerous advantages, including:
- Enhanced Career Prospects: The CFA designation is highly respected globally, opening doors to numerous opportunities in investment management, financial analysis, and related fields.
- Increased Earning Potential: CFA charterholders typically earn higher salaries and have greater career advancement opportunities.
- Global Recognition: The CFA designation is recognized worldwide, providing a competitive advantage in international markets.
- Professional Network: Joining the CFA Institute community provides access to a vast network of professionals, industry leaders, and resources.
- Ethical Standards: The CFA Program emphasizes ethical conduct and integrity, fostering a strong foundation for responsible investment practices.
Course Features
Honorary Certification
Receive a recognized certificate before completing the course.
Expert Coaching
Have an expert instructor guide you through your learning journey.
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Frequently Asked Questions
For detailed information about our Chartered Financial Analyst (CFA) Level III course, including what you’ll learn and course objectives, please visit the "About This Course" section on this page.
The course is online, but you can select Networking Events at enrollment to meet people in person. This feature may not always be available.
The course doesn't have a fixed duration. It has 24 questions, and each question takes about 5 to 30 minutes to answer. You’ll receive your certificate once you’ve answered most of the questions. Learn more here.
The course is always available, so you can start at any time that works for you!
We partner with various organizations to curate and select the best networking events, webinars, and instructor Q&A sessions throughout the year. You’ll receive more information about these opportunities when you enroll. This feature may not always be available.
You will receive a Certificate of Excellence when you score 75% or higher in the course, showing that you have learned about the course.
An Honorary Certificate allows you to receive a Certificate of Commitment right after enrolling, even if you haven’t finished the course. It’s ideal for busy professionals who need certification quickly but plan to complete the course later.
The price is based on your enrollment duration and selected features. Discounts increase with more days and features. You can also choose from plans for bundled options.
Choose a duration that fits your schedule. You can enroll for up to 7 days at a time.
No, you won't. Once you earn your certificate, you retain access to it and the completed exercises for life, even after your subscription expires. However, to take new exercises, you'll need to re-enroll if your subscription has run out.
To verify a certificate, visit the Verify Certificate page on our website and enter the 12-digit certificate ID. You can then confirm the authenticity of the certificate and review details such as the enrollment date, completed exercises, and their corresponding levels and scores.
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