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Product Description Exam Number/Code: CFAIII
Exam Number/Code: CFAIII
Exam Name: CFA Level III Chartered Financial Analyst Level III
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Information Regarding CFAIII Exam
This is the last of three exams offered by the CFA Institute (formerly the Association for Investment Management and Research (AIMR)). This exam (in addition to other requirements) must be passed for an individual to become a CFA chart holder. The CFA Program is a globally recognized standard for measuring the competence and integrity of financial analysts. Level III explores portfolio management in great depth. You must demonstrate a working knowledge of the portfolio management process, from calculating investor constraints, objectives, and capital-market expectations to making asset-allocation decisions.
Exam Information
Time Limit: 6 hours
Number of Questions: Approximately 120, plus an essay.
Minimum Passing Score: Determined each year by the AIMR.
Passing Rates: As of August 2004, 64% passed Level III.
Format: Multiple Choice/50% Essay
Prerequisites: Passing grade on CFA Level II exam, and a U.S. Bachelor's degree or equivalent.
Co requisites: Three years of qualifying work experience must be obtained.
Exam Date(s): June
Exam Results: Usually provided within 90 days.
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