What will the exam cover?

CFA® Exam Topic Area

Sr.# Topic Area Level I Level II Level III
1 Ethical and Professional Standards 15-20% 10-15 10-15
2 Quantitative Methods 8-12% 5-10 0
3 Economics 8-12% 5-10 5–10
4 Financial Statement Analysis 13-17% 10–15 0
5 Corporate Issuers 8-12% 5–10 0
6 Equity Investments 10-12% 10–15 10–15
7 Fixed Income 10-12% 10–15 15–20
8 Derivatives 5-8% 5–10 5–10
9 Alternative Investments 5-8% 5-10 5–10
10 Portfolio Management and Wealth Planning 5-8% 10–15 35–40