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How to Study for the CFA Level III

Your chosen pathway is the largest part of CFA Level III at 30 to 35%. Asset allocation and portfolio construction follow at 15 to 20% each, and the exam mixes item sets with constructed-response essays.

  1. Start with the CFA Institute outline

  2. About the CFA Level III exam

  3. Work through each section

    • Asset Allocation15-20%
      • Asset Allocation
    • Portfolio Construction15-20%
      • Portfolio Construction
    • Performance Measurement5-10%
      • Performance Measurement
    • Derivatives and Risk Management10-15%
      • Derivatives and Risk Management
    • Ethical and Professional Standards10-15%
      • Ethical and Professional Standards
    • Pathway30-35%
      • Portfolio Management Pathway
      • Private Markets Pathway
      • Private Wealth Pathway
  4. Practice by topic

  5. Mix topics in one practice set

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