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Level 3 Specialised Pathways

New for the 2025 Level 3 exams, CFA Institute is introducing specialised pathways. This will impact every candidate looking to sit for the Level 3 exam in 2025 and beyond. Each pathway was developed to give you more options to learn content directly related to your interests and career goals. The three specialised pathways are: Portfolio Management, Private Markets, and Private Wealth with the exam windows in February and August.

Level III

Portfolio Management

This traditional CFA Program pathway focuses on constructing, managing, optimising, and measuring portfolios of public market equity, fixed income, and derivative securities.

Level III

Private Markets

This pathway addresses private markets investing primarily from the perspective of the general partner (GP). It builds on key valuation and other competencies in the CFA Program from all four asset class domains.

Level III

Private Wealth

This pathway offers a global perspective on and universal principles for serving high-net-worth clients (worth US$5M+). It is structured as an arc from a young adult being onboarded to generating wealth through wealth transfer.

Level III

Ultimate Package

If you’re committed to passing the CFA® exam, this is the study program for you.

This all-inclusive package provides a structured study plan with OnDemand Instruction and Review, plus strategically integrated Core tools to give you the most effective path to exam success.

Level III

Premium

This complete CFA study package features convenient OnDemand Instruction, plus our Review and Core tools to equip you for exam-day success.

Follow the structured study plan we’ve built for you or personalise a plan that works around your knowledge level and schedule.

Level III

Essential Package

Built around our Core CFA® study materials, this CFA package equips you with the industry’s best online prep tools to prepare wherever you want, on your schedule.

Plus, you get OnDemand Instruction from Schweser’s CFA charterholders to help reinforce everything as you learn it.

Compare Level 3 Study Package Options

There are now two options available for purchase with Premium and the Ultimate Package: Online Only and Online + Print

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Join over 1,000, 000 students around the globe who study with one of the world's largest and most progressive educators.

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Practical and relevant learning

Content curated by industry experts to ensure practical and relevant learning rather than just academic theory.

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Niche and focused

Our deep understanding of the industries we operate in ensure we're highly specialised and can focus on what we do best.

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Proactive and personalised support

Dedicated and diligent support from our knowledgeable and friendly team who are always a phone call or email away.

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