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