CFA Course Level 3: Fee, Course Structure, and Salary 

First of all, congratulations on qualifying for the CFA Level 3 exam. You and your family must have been proud of yourself at that time.

Since the CFA Level-III Exam is the final of the three exams and has undergone significant changes from all angles, it is crucial that you fully understand it before continuing with your preparations.

Even while this journey comes to an end with the exam, the memories of it—the sleepless nights, numerous cups of coffee every night, extreme pressure, dedication and focus, numerous mocks, and other experiences—will last a lifetime.

Thus, let’s fully comprehend everything there is to know about it and complete this magnificent voyage. Subject Specifics for CFA Level 3

Below are the specifics of the CFA Level 3 subjects.

  • Ethical and Professional Standards: This course introduces candidates to ethical behavior and highlights the importance of professionalism in the investing industry.
  • Quantitative Methods: This course includes topics lie probability theory, investment decision-making, and descriptive statistics.
  • Economics: This course covers the study of microeconomic principles and market structures, as well as the examination of supply and demand from both individuals and businesses.
  • Financial Statement Analysis: Through thorough explanations, this course offers a thorough comprehension of financial reports, including their standards and procedures.
  • Corporate Issues: Stakeholder management and corporate governance are covered in this topic.
  • Equity Investments: This field of research examines how equity investments, indices, and security markets function within the economy.
  • Fixed Income: This course makes it easier to understand fixed-income securities, risk considerations for them, ways to protect their value, and performance measurement methods.
  • Derivatives: This course gives an outline of the structure of the derivative market and aids in comprehending the basics of derivatives.
  • Alternative Investment: This includes real estate, infrastructure, private equity, hedge funds, and other associated fields.
  • Portfolio Management and Wealth Planning: This course aids in comprehending the core ideas behind both wealth planning and portfolio management.

Exam Pattern

The exam lasts six hours total and is split into two equal portions. There is a two-hour break for lunch and other activities in between.

  • Morning session: This is the first section of the test and is known as the Structured Response Exam, commonly known as the Essay Exam. It lasts three hours and consists of eight to twelve questions, each of which can have many subparts and a maximum score of 180 points.
  •  Afternoon session: This is the second section of the exam, lasting three hours overall. It consists of eleven item sets, sometimes known as vignettes, of which eight have six questions apiece and the remaining three have four questions each, for a total of sixty questions, identical to those in Level II.

CFA Level 3 Eligibility Criteria 

The following conditions must be fulfilled for candidates to register for the CFA Level 3 exam:

  • It is required of candidates to have passed both the Level 1 and Level 2 CFA exams.
  • If a candidate is in their final year of a bachelor’s degree program, they can register for the Level 3 exam.
  • A minimum of 48 months of professional work experience is required of candidates. The experience can be obtained before, during, or following enrollment in the CFA Program, and it must be full-time.

CFA Level 3 Registration 

The steps listed below must be followed by the candidate who wishes to take the CFA level 3 exam upon registering:

  • The candidate must choose their desired exam center and complete the online application form, which can be found on the CFA website , with the essential information.
  • To access Level 3 of the CFA Program, candidates must log in using the ID and password they created for CFA Level 1 and Level 2 registration.
  • Next, provide information about your occupation, employer, place of employment, degree of education, etc.
  • Reading and accepting the candidate agreement is required.
  • Candidates must choose the format in which they want to get their CFA study materials.
  • The registration payments need to be made with a credit card, wire transfer, or other available payment options.

The CFA Level 3 Salary 

For those who are just starting their professions and have no prior work experience, these figures are:

India: A person who has cleared CFA Level III earns between 7 and 15 LPA if they are just starting in their profession. 

Pakistan: Anyone with the CFA Level 3 certification earns up to Rs. 1.2 million monthly.

United States: An individual who has cleared CFA Level III typically earns between  $75,000 and $100,000 per year as a fresher.

CFA Course Level 3: Career Options 

The majority of the job description that follows the completion of all three levels is: 

  • Equity Research Analyst
  • Corporate Financial Analyst
  • Portfolio Manager
  • Credit Research Analyst
  • Valuation Analyst

Recent Blogs: