CFA® Level 3 Study Guide

Take the Most Direct Path To Success
Master every topic, formula, and concept of Level 3 with a focused, expert-crafted guide built by CFA charterholders — so you can study with confidence and pass with purpose.

Feel Prepared for Every Topic and Every Question

Built by CFA charterholders, our Level 3 study guide ensures complete coverage of every Learning Outcome Statement (LOS), keeping you aligned with the most current CFAI curriculum.

Always Current

Updated annually by CFA charterholders to reflect the latest curriculum and exam standards.

Streamlined for Focus

Plain-language explanations eliminate fluff while covering exactly what you need to know.

Built for Complete Coverage

Complete coverage. Every LOS, formula, and concept is clearly explained.

Proven Worldwide

Trusted by thousands of CFA candidates in 100+ countries.

Built for Independent Study

Includes worked example scenarios with clear answer explanations and helpful charts and images.

Expert-Backed

Crafted by CFA charterholders who know what it takes to succeed.

Learn the CFA Curriculum Like a Pro

Our Level 3 guide is written and reviewed by in-house charterholders, combining technical precision with accessible answer explanations so you actually understand what you're learning..

Master the Most Challenging Topics

Break down complex Level 3 topics such as portfolio management and wealth planning with real-world examples, step-by-step problem solving, and insights from our seasoned CFA charterholders.

Learn Faster and Retain Longer

Our high-impact visuals — from bell curves and probability trees to yield curves and valuation models — elevate visual learning for Level 3 concepts.

Get All the Knowledge and None of the Bulk

Our Level 3 study guide is compact but powerful. It offers essential formulas, examples, and insights in print or digital format.

Study Seamlessly Across Our System

Pair your Level 3 study guide with our expert-led lectures, smart flashcards, and CFAI-style mock exams to create a comprehensive study experience.

Multiple Ways to Study, Multiple Ways to Save

Whether you’re searching for a complete CFA Level 3 course with unlimited access or a supplement, we have you covered.

 
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Build Your Path to CFA Level 3 Success

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Core

 

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Advanced

 

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Elite

 

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Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
Study Guides (Printed)
Get print copies of the CFA Level 3 study guide for offline review, complete with practical examples and key concept summaries.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 3 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 3 Exam.
Mock Exam B
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 3 Exam.
StudyPass (Access Until You Pass)
Request a free course extension if you don’t pass the CFA Exam on your first try, giving you more time to succeed.
Expert MasterClass
Master how you tackle CFA Exam questions with expert-led video sessions that sharpen strategy, close knowledge gaps, and keep you on track.
Accelerate Boot Camp
Turn practice into power with a 2-day, high-yield problem-solving experience designed to transform your prep and elevate your CFA Exam readiness.
ExpertConnect
Tackle your most challenging CFA questions live in real time Q&A sessions. Get direct answers from experts when it matters most.

Study Guides Only

Core

Advanced

Elite

Explore our free trial and product availability

Build Your Path to CFA Level 1 Success

Study Guides Only

$1399

$299

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Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
Study Guides (Printed)
Get print copies of the CFA Level 1 study guide for offline review, complete with practical examples and key concept summaries.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.

Step Up to a Full Course

Core

 

$ 

Use code:
 
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 1 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.

Step Up to a Full Course

Advanced

 

$ 

Use code:
 
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 1 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 1 Exam.

Step Up to a Full Course

Elite

 

$ 

Use code:
 
Study Guides (eBook)
Simplify the extensive content of CFA curriculum books with focused study notes, practical examples, and a range of questions covering each LOS.
Mobile App Access
Take your CFA prep on the go with full access to all study materials via the UWorld Finance - Exam Prep mobile app.
QBank
Practice with questions written by finance experts to reflect the most current CFA Level 3 Exam in difficulty and format.
Performance Tracking & Analytics
Monitor your progress, identify weak areas, and optimize your prep using detailed performance analytics.
MyNotebook
Save key content, take notes, and build a personalized digital study guide as you learn.
Study Planner
Create a personalized study plan aligned to your test date and progress, helping you stay on track.
Expert-Led Video Lectures
Get additional context and depth with bite-sized review videos that hone in on learning outcome statements.
SimpleSheets+
Reference an outline of key formulas, definitions, and must-know concepts in a streamlined format for quick review.
Digital Flashcards
Create your own flashcards to reinforce key concepts, formulas, and definitions. Organize them by subject, topic, or custom tags. Study your personalized deck anytime, anywhere across devices.
ReadyDecks
Study with preloaded, expert-curated flashcards organized by subject, topic, or custom tag.
Mock Exam A
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 3 Exam.
Mock Exam B
Simulate the actual exam with mock exams that mirror the format, timing, and difficulty of the CFA Level 3 Exam.
StudyPass (Access Until You Pass)
Request a free course extension if you don’t pass the CFA Exam on your first try, giving you more time to succeed.
Expert MasterClass
Master how you tackle CFA Exam questions with expert-led video sessions that sharpen strategy, close knowledge gaps, and keep you on track.
Accelerate Boot Camp
Turn practice into power with a 2-day, high-yield problem-solving experience designed to transform your prep and elevate your CFA Exam readiness.
ExpertConnect
Tackle your most challenging CFA questions live in real time Q&A sessions. Get direct answers from experts when it matters most.

Explore our free trial and product availability.

Here’s What Our Students Are Saying…

Frequently Asked Questions (FAQs)

UWorld’s CFA Level 3 study guide covers every learning outcome statement (LOS), subject, subtopic, and formula in the official CFA Level 3 curriculum.
We recommended allocating at least 300 hours to studying for the CFA Level 3 Exam.
Yes. We’ve designed UWorld’s CFA Level 3 study guide to prepare students with the knowledge they need to pass. However, the QBank, mock exams, spaced-repetition flashcards, and video lectures will greatly increase your chances of passing.
No. Practice questions (QBank) and mock exams are sold separately or as part of our course packages.
The print version comes in four volumes, while the digital version is available on your preferred device. There are no differences in content.
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Try a Sample from the CFA Level 3 Study Guide

See how we break down the CFA curriculum. Explore a sample module to experience our clear answer explanations, practical examples, and CFA Institute (CFAI)-aligned content.
CFA Level 3 Study Guide (Print + eBook)

 

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