1. CFA Level 1 subjects and weight ratio:
Professional ethics and ethics 15-20%, quantitative analysis 8-12%, economics 8-12%, financial statement analysis 13-17%, corporate finance 8-12%, equity investment 10-12%, fixed equity investment 10-12%, derivative investment 5-8%, other investments 5-8%, and investment portfolio management 5-8%;
2. CFA Level 2 subjects and weight ratio:
Professional ethics and ethics 10-15%, quantitative analysis 5-10%, economics 5-10%, financial statement analysis 10-15%, corporate finance 5-10%, equity investment 10-15%, fixed equity investment 10-15%, derivative investment 5-10%, other investments 5-10%, and portfolio management 10-15%;
3. CFA Level 3 subjects and weight ratio:
Professional ethics and ethics 10-15%, economics 5-10%, equity investments 10-15%, fixed equity investments 15-20%, derivative investments 5-10%, other investments 5-10%, and portfolio management 35-40%.
1. CFA Level 3 exam question types: essay questions (including multiple-choice and writing questions), case analysis questions
First exam (2 hours and 15 minutes):
8-11 essay questions, including multiple-choice questions and writing questions (for example, when answering multiple-choice questions and choosing one of the investment portfolios A, B, or C, the writing questions explain the reasons for the choice.)
Second exam (2 hours and 15 minutes):
Case questions, each containing 4 or 6 multiple-choice questions, a total of 44 multiple-choice questions, each with the same score of 3 points.
The first round of the Level 3 exam consists of multiple-choice and writing questions. The questions provide some background information and data, and the questions after the questions need to be answered. Each question may be divided into several parts. The second session of the CFA Level 3 exam is a case study question, with the same format as Level II.
CFA Level 3 subjects and weight ratio:
Professional ethics and ethics 10-15%, economics 5-10%, equity investments 10-15%, fixed equity investments 15-20%, derivative investments 5-10%, other investments 5-10%, and portfolio management 35-40%. (7 courses)
4. CFA Level 3 Exam Question Types
Assessment focus: Require candidates to master knowledge of portfolio management
Structure: The Level III exam consists of a set of items, including illustrations, multiple choice questions, and question and answer questions.
Time: The computer-based exam takes approximately 4.5 hours and is divided into two parts, with an optional rest time in between.
The first part of the CFA Level III exam includes 8 to 11 questions to answer. Each paper question in the exam includes a chart, followed by some related questions that need to be answered. In the exam, there will also be some multiple-choice questions.
For example, you may be asked multiple choice questions to choose a project portfolio (A, B, or C) that meets a specific goal, and explain through an article that your choice is correct.
The score values of paper questions vary. At the beginning of each question, the total score of the article will be indicated. Due to time considerations, please spend about 1 minute on this issue.
Key Assessment Points of CFA Level 3 Exam: Portfolio Management
The third level question type has strong subjectivity and a comprehensive coverage of knowledge points. In the Level 3 exam, the focus of the exam has completely changed, so it is important to watch the video first because Level 3 emphasizes a whole, and you must integrate various knowledge points into a whole, unlike Level 1 and Level 2 exams that only focus on individual knowledge points for testing.
In the third level, it is important to combine various knowledge points, so it is necessary to first look at the third level knowledge points and form a rough overall thinking. Forming a comprehensive financial thinking is extremely important for the third level review.
If you start reading books when reviewing the Level 3 exam, even if you have finished reading the five books required for CFA Level 3, you have no idea what Level 3 is about. The Level 3 exam mainly focuses on investment portfolios, and the content related to investment portfolios is quite comprehensive.
2、 How to prepare for the CFA exam
Because CFA textbooks involve many and scattered knowledge points, it is necessary for candidates to revisit the previously learned content and focus on memorizing the key points they have marked to deepen their impression. This will also be helpful for learning new content, gradually connecting the learned content together to form a complete knowledge system.