CFA Level III Mock Test with AI Answer Checking

Practise the exact CFA Institute pattern: one exam: the core plus the pathway you choose (Portfolio Management, Private Markets, Private Wealth), no negative marking. Then see your projected scores, paper by paper.

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CFA Level III exam pattern

CFA Level III is one exam: the core plus the pathway you choose (Portfolio Management, Private Markets, Private Wealth). Every paper combines MCQs with written answers. There is no negative marking. Results are Pass or Did Not Pass against a scaled Minimum Passing Score of 3600 (scale 3000-3900); no pass percentage is published. Format: 11 item sets and 11 essay (constructed response) sets of 12 points each in two 132-minute sessions; 20 sets are scored.

Paper	Marks	Duration	Type	Negative marking
Paper 1: Level III Core	240	4.4 hours	MCQ + written	None
Paper 2: Portfolio Management Pathway	0	4.4 hours	MCQ + written	None
Paper 3: Private Markets Pathway	0	4.4 hours	MCQ + written	None
Paper 4: Private Wealth Pathway	0	4.4 hours	MCQ + written	None

CFA Level III syllabus, chapter by chapter

Every chapter below has its own practice set. Your diagnostic mock tells you which ones to open first.

Paper 1: Level III Core

Paper 2: Portfolio Management Pathway

Paper 3: Private Markets Pathway

Paper 4: Private Wealth Pathway

How FinsRise helps you clear CFA Level III

Objective papers: speed and accuracy

Timed mocks with real negative marking, so you learn when to skip, not just what to answer.

Subjective papers: answers checked

Write by hand, upload a photo, and get marks plus the exact points an examiner would look for.

Revision that targets you

Your wrong answers return as revision cards on a schedule, until you stop getting them wrong.

CFA Level III: frequently asked questions

What is the CFA Level III exam format?

Level III has 11 item sets and 11 essay (constructed response) sets, each worth 12 points, in two sessions of 2 hours 12 minutes. 20 sets are scored.

What are the CFA Level III pathways?

Candidates choose one pathway at registration: Portfolio Management, Private Markets or Private Wealth. The pathway is about 30-35% of the exam; the core is 65-70%. The charter is the same whichever pathway is taken.

What is the passing score for CFA Level III?

CFA Institute reports a scaled score. The Minimum Passing Score for Level III is 3600 on a scale of 3000 to 3900. There is no minimum score per topic.

Does FinsRise cover Level III essays?

FinsRise mocks cover the item-set portion, which is auto-marked. Essay practice with AI marking is coming.

See your CFA Level III predicted marks today

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