Level III - FINANCIAL ANALYST - Exam in 2026

About this course

2026 Level III - FINANCIAL ANALYSTLevel 3 exam is heavily focused on applying what you’ve learned in portfolio management and wealth planning topics. It consists of two 2 hour and 12 minutes sessions, each session consists of a mix of constructed response questions (essay) and item-set questions.Level 3 exam is 4 hours and 24 minutes, split into 2 sessions.Both sessions are 2 hours and 12 minutes each, with item-set and constructed response (essay) now mixed within a session.So each session either has 6 item sets and 5 essay sets OR 5 item sets and 6 essay sets.Overall, the Level 3 exam has 11 item sets and 11 constructed response sets, with 12 points each set.Level 3 has a mix of constructed response (essay) and item-based multiple choice questions (MCQ).Item-set based multiple choice questions (MCQ), whereby questions in each item set must be answered based on the information in the vignette. Each item-set has 4-6 questions related to it. Each question is worth 3 points.Constructed response or the ‘essay’ section is where most candidates experience difficulty in.Level 3 Topics and Weight (%)Level 3 candidates are tested on 7 topics, instead of 10. In your level 3 curriculum, you will no longer find Quantitative Methods, Corporate Issuers, and Financial Statement Analysis. In the level 3 exam, the major focus is on Portfolio Management and Wealth Planning with a weight of 35-40%.Ethical and Professional Standards      10-15%Quantitative Methods                                N/AEconomics                                                    5-10%Financial Statement Analysis&nbsp