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  defaultQuestionCount={100}
  assessmentCode="cfa_level3"
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## Overview

The CFA Level 3 exam tests your ability to apply investment knowledge in portfolio management and wealth planning contexts. The computer-based exam consists of item sets and constructed response (essay) questions across two sessions. Each session is 2 hours and 12 minutes, with an optional break between sessions.

### Subject Areas

- [Ethical and Professional Standards](./cfa-level3-ethical-and-professional-standards)
- [Behavioral Finance](./cfa-level3-behavioral-finance)
- [Capital Market Expectations](./cfa-level3-capital-market-expectations)
- [Asset Allocation and Portfolio Construction](./cfa-level3-asset-allocation-and-portfolio-construction)
- [Equity Portfolio Management](./cfa-level3-equity-portfolio-management)
- [Fixed Income Portfolio Management](./cfa-level3-fixed-income-portfolio-management)
- [Derivatives and Currency Management](./cfa-level3-derivatives-and-currency-management)
- [Alternative Investments and Private Markets](./cfa-level3-alternative-investments-and-private-markets)
- [Private Wealth Management](./cfa-level3-private-wealth-management)
- [Institutional Investors](./cfa-level3-institutional-investors)
- [Performance Evaluation and Attribution](./cfa-level3-performance-evaluation-and-attribution)

### About Our Practice Questions

These practice questions aim to reflect the format and style you'll encounter in your CFA Level 3 exam. They follow the same development process, providing a realistic preview of the exam experience. Consider them a study aid to complement your broader exam preparation strategy, as they can't fully replicate the timed conditions of the actual CFA exam.

### Time Management

Time management is important for success in the CFA Level 3 exam. The exam requires synthesizing information and applying concepts to real-world portfolio management scenarios. Practice adjusting your pace to allow time for both analysis and articulating your responses clearly.

### Using This Resource

Our question bank contains over 1400+ practice questions. Each time you refresh your browser, you'll see a new selection of questions. While this means you can't save your progress, it allows you to practice extensively with different scenarios at your own pace.


Free CFA Level 3 Practice Questions