Level III Study Sessions
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The curriculum is organized into study sessions and each study session contains readings. There are learning outcome statements at the beginning of each reading.
Below you'll find current Level III study session outlines. Each study session includes learning outcome statements (LOS) and source references for the readings.
2023 Level III Exam Topic and Study Session Outlines
| Topic | Exam Weight | ||
|---|---|---|---|
| Economics | 5–10% | Study Session 2 |
|
| Derivatives | 5–10% | Study Session 4 |
|
| Fixed Income | 15–20% | Study Session 5 Study Session 6 |
|
| Equity Investments | 10–15% | Study Session 7 Study Session 8 |
|
| Alternative Investments | 5–10% | Study Session 9 |
|
| Portfolio Management | 35–40% | Study Session 1 Study Session 3 Study Session 10 Study Session 11 Study Session 12 Study Session 13 Study Session 14 |
|
| Ethical and Professional Standards | 10–15% | Study Session 15 Study Session 16 Readings 31-33 |
2022 Level III Exam Topics and Study Session Outlines
| Topic | Exam Weight | Sessions | |
|---|---|---|---|
| Economics | 5–10% | Study Session 2 |
|
| Derivatives | 5–10% | Study Session 4 | |
| Fixed Income | 15–20% | Study Session 5 Study Session 6 |
|
| Equity Investments | 10–15% | Study Session 7 Study Session 8 |
|
| Alternative Investments | 5–10% | Study Session 9 | |
| Portfolio Management | 35–40% | Study Session 1 Study Session 3 Study Session 10 Study Session 11 Study Session 12 Study Session 13 Study Session 14 |
|
| Ethical and Professional Standards | 10–15% | Study Session 15 Study Session 16 Readings 31-33 |