Practice Exam for FINANCIAL ANALYST Level III 2026

About this course

NEW 2026 - Level IIIPreviously, the Level 3 program offered a single learning path, orienting candidates towards the role of Portfolio Manager. However, from 2025, the program will be divided into three separate paths, allowing candidates to choose the path that best suits their career goals:Portfolio Management PathwayWealth Management PathwayPrivate Market PathwayEach track will include a general knowledge section, which accounts for approximately 65-70% of the exam content, plus additional specialist content relevant to the chosen track. This means that candidates will need to decide on their track at registration, and this choice cannot be changed afterwards.Core contentCandidates will have the flexibility to choose between the three pathways above, depending on their personal career goals. However, all candidates must complete 5 common core contents before delving into their specialization, including:Asset AllocationPortfolio ConstructionPerformance MeasurementDerivatives & Risk ManagementEthics (Professional ethics)These contents account for about 50 - 70% of the program volume, creating the necessary knowledge foundation for candidates to continue to delve into the profession.Specialized subjectsAfter completing the 5 core subjects, candidates will study different specialized subjects depending on their career orientation. Specifically as follows:With the Portfolio management track , this path retains the public market focus of the previous program, the required courses are: Equity Portfolio Management, Fixed Income Portfolio Management; Trading and Execution; Ethics in Portfolio Management and Case study.With the Wealth management direction , this path focuses on serving high net worth clients and the required subjects will be