Topic Area Weights for the CFA Exam
Topic AreaLevel ILevel IILevel III
Ethical and Professional Standards (total)151010
Quantitative Methods125-100
Economics105-100
Financial Reporting and Analysis2015-250
Corporate Finance85-150
Investment Tools (total)5030-600
Equity Investments1020-305-15
Fixed Income125-1510-20
Derivatives55-155-15
Alternative Investments35-155-15
Asset Classes (total)3035-7535-45
Portfolio Management and Wealth Planning (total)55-1545-55
Total100100100
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.