CFA - What will the exam cover ?

What will the exam cover?

Subjects and their weights in the three levels are as follows:   Topic Area Level I Level II Level III Ethical and Professional Standards (total) 15 10 10 Quantitative Methods 12 5-10 0 Economics 10 5-10 0 Financial Reporting and Analysis 20 15-25 0 Corporate Finance 8 5-15 0 Investment Tools (total) 50 30-60 0 Equity Investments 10 20-30 5-15 Fixed Income 12 5-15 10-20 Derivatives 5 5-15 5-15 Alternative Investments 3 5-15 5-15 Asset Classes (total) 30 35-75 35-45 Portfolio Management and Wealth Planning (total) 5 5-15 45-55 Total 100 100 100 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.