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CFA Exam Topic Area Weights

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CFA Exam Topic Area Weights

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CFA Exam Topic Area Weights

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CFA Exam Topic Area Weights


Topic Area Level Ethical and Professional Standards (total) 15 Investment Tools (total) 50 Corporate Finance 8 Economics* 10 Financial Reporting and Analysis 20 Quantitative Methods 12 Asset Classes (total) 30 Alternative Investments 3 Derivatives 5 Equity Investments 10 Fixed Income 12 Portfolio Management and Wealth Planning (total)5 Total 100 *Economics is part of Portfolio Management at Level III. ILevel 10 30-60 5-15 5-10 15-25 5-10 35-75 5-15 5-15 20-30 5-15 5-15 100 IILevel III 10 0 0 0 0 0 35-45 5-15 5-15 5-15 10-20 45-55 100

Note: These weights are intended to guide the curriculum and exam development processes. Actual exam weights may vary slightly from year to year. Please note that some topics are combined for testing purposes.

The CBOK and Practice Analysis


The Candidate Body Of Knowledge (CBOK) (PDF) represents the core knowledge, skills, and abilities generally accepted and applied by investment professionals globally. It is grounded in practice, meaning that panels and surveys of thousands of investment professionals have had input into the Course of
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CFA Exam Topic Area Weights

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CFA Exam Topic Area Weights

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