₹19,400.00
CFA Level 3 – Regular Course.
Faculty: Vanshika Jhajharia
Course Duration: 200+ Hours
The Chartered Financial Analyst (CFA) Level III examination is the final examination stage of the globally recognised CFA Program conducted by the CFA Institute.
Building upon the financial analysis and valuation techniques developed in Levels I and II, CFA Level III focuses on portfolio management, asset allocation, investment strategy, risk management and professional decision-making.
The programme emphasises the integration of financial knowledge into practical investment scenarios, enabling candidates to develop sophisticated investment strategies and manage portfolios according to client objectives and constraints.
CFA Level III offers three specialised pathways: Portfolio Management, Private Wealth and Private Markets, allowing candidates to develop expertise aligned with different areas of the investment industry.
The CFA Level III curriculum consists of a common core curriculum (65–70%) and a specialised pathway (30–35%).
All candidates study the common core and select one of the three specialised pathways during registration.
This subject focuses on developing investment strategies and allocating capital across different asset classes.
Key Topics:
Portfolio Construction develops advanced knowledge of designing and managing investment portfolios.
Key Topics:
This subject focuses on managing financial risks through derivatives and other investment strategies.
Key Topics:
This subject examines investment performance evaluation and the effectiveness of portfolio management decisions.
Key Topics:
This subject emphasises ethical responsibilities and professional conduct in investment management.
Key Topics:
Candidates must select one of the following three pathways. Each pathway shares the common core curriculum but focuses on a different investment specialisation.
This pathway focuses on advanced investment portfolio construction and management for institutional and individual investors.
Key Topics:
Primary Focus: Designing, implementing and managing diversified investment portfolios.
This pathway focuses on wealth management for high-net-worth individuals, families and private clients.
Key Topics:
Primary Focus: Managing individual and family wealth through personalised investment and financial planning strategies.
This pathway focuses on investment analysis, valuation and management of privately held assets.
Key Topics:
Primary Focus: Evaluating, structuring and managing investments in private markets.
All three pathways lead towards the same CFA charter, subject to fulfilment of the applicable charter requirements.
Candidates must fulfil the following requirements to register for CFA Level III:
Candidates are not required to complete the full professional work experience requirement before appearing for CFA Level III.
However, obtaining the CFA charter requires the completion of qualifying professional work experience and other CFA Institute membership requirements.
CFA Level III is a computer-based examination consisting of case-based multiple-choice questions and constructed-response questions.
| Particulars | Details |
| Examination | CFA Level III |
| Conducting Organisation | CFA Institute |
| Examination Mode | Computer-Based |
| Question Format | Item Sets and Constructed Responses |
| Total Item Sets | 11 |
| Total Constructed-Response Sets | 11 |
| Total Question Sets | 22 |
| Examination Sessions | 2 |
| Duration per Session | 132 Minutes |
| Total Examination Time | 4 Hours 24 Minutes |
| Negative Marking for MCQs | No |
| Examination Windows | February and August |
Important Examination Guidelines:
CFA Level III does not have a fixed passing percentage.
The Minimum Passing Score (MPS) is determined by CFA Institute using its established examination standard-setting process.
Important Information:
To become a CFA charterholder, candidates must also satisfy the professional work experience, membership and other applicable requirements established by CFA Institute.
CFA Level III develops the ability to:
CFA Level III represents the integration of financial analysis, investment valuation and portfolio management into practical investment decision-making.
The curriculum emphasises asset allocation, portfolio construction, risk management, investment performance and specialised investment strategies.
By combining advanced analytical concepts with practical applications, CFA Level III prepares candidates to address complex investment challenges across institutional portfolios, private wealth and private markets.
CFA Level III develops the advanced investment knowledge, portfolio management capabilities and professional judgement essential for pursuing the CFA charter and expertise in global investment management.
To ensure a smooth and uninterrupted learning experience, students enrolling in courses offered by Actuators Educational Institute (AEI) are required to use devices that meet the minimum technical specifications supported by the AEI Learning Application.
| Device / Platform | Minimum Technical Requirements |
| Android | Android 9.0 or above |
| Windows PC / Laptop | Windows 10 or above |
| iPhone / iPad (iOS) | iOS 12.0 or above |
| MacBook / iMac (macOS) | Apple M1 chip or above, with macOS 14 or later |
Note: These are the official minimum technical requirements for accessing courses through the Actuators Educational Institute (AEI) Learning Application. Students are advised to verify device compatibility before completing their course enrolment.
Vanshika Jhajharia is a finance professional with 5+ years of experience across credit analysis, financial modelling and capital markets. She is currently a Manager in Ratings at CRISIL Ratings Ltd., where she focuses on credit risk assessment and analytical evaluation, and has previously worked as a Product Control Analyst at Barclays.
She is a CFA Charterholder and FRM Charterholder, has cleared 11 actuarial science papers, and holds a B.Com in Accounting & Finance from St. Xavier’s College, Kolkata. At Actuators Educational Institute, Vanshika teaches FRM and CFA Level III, bringing a strong combination of industry experience, analytical depth and structured exam-oriented teaching to the classroom.
