CFA-LEVEL-3Cfa Level 3 practice test
60 CFA Institute CFA-LEVEL-3 practice questions with explanations, in study, timed and flashcard modes. 12 samples are free.
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All 60 questions with explanations · Study, timed and flashcard modes · Progress saved, resume any time
- Questions
- 60
- Free samples
- 12
- Versions
- 1
- Updated
- Dec 2025
Practice CFA-LEVEL-3 in the simulator.
Study, timed and flashcard modes. Answers and explanations as you go, and your progress saves.
CFA-LEVEL-3, by the numbers.
Official specifications published by CFA Institute.
- Duration
- 264 min
- Questions
- 22 question sets (11 item sets + 11 essay sets)
- Passing score
- Not disclosed - criterion-referenced scoring
- Exam fee
- $1,095
- In the bank
- v1 (60)
Everything about CFA-LEVEL-3.
CFA-LEVEL-3 · CFA Institute · 2025
Exam information
Official specifications published by CFA Institute, plus what is in our question bank.
- Duration
- 264 min
- Questions
- 22 question sets (11 item sets + 11 essay sets)
- Passing score
- Not disclosed - criterion-referenced scoring
- Level
- Professional
- Question types
- Vignette-based with 4 multiple-choice questions each, Vignette-based with variable constructed response items
What CFA-LEVEL-3 covers
6 weighted domains. Open a domain for its topics, and a topic for its objectives. Practice questions are tagged to these.
How do I earn this certification?
Passing CFA-LEVEL-3 earns the CFA Charter in the Investment Management track.
- cfa-level-1CFA Level IFoundation exam covering investment tools, ethics, and basic concepts
- CFA-LEVEL-2CFA Level IIIntermediate exam focusing on asset valuation and analysis
How to study for this exam?
Use the CFA-LEVEL-3 practice test alongside the official material below.
- CFA Program Learning EcosystemIncluded with registration
Official online platform with curriculum, practice questions, and mock exams
Official sample questions with guideline answers
What's changed on this exam?
Status and coverage changes that affect what you should study.
- Current status
- ACTIVE
- Announced
- Aug 15, 2024
Who should take this exam?
CFA-LEVEL-3 is typically taken by Investment analysts, Portfolio managers and Wealth managers, among 3 other roles. Experience level: expert.
Three ways to practise
Study mode
Work through the bank at your own pace with the answer and explanation one tap away. Flag questions, add notes, bookmark the hard ones.
Open in the simulator
Timed mode
A shuffled deck with a countdown that mirrors the real exam. Your score is saved to your attempt history.
Open in the simulator
Flashcards
Question on the front, answer on the back. Good for the last week before the exam.
Open in the simulator
