The 2025 Level III CFA Program introduces the concept of Specialized Pathways.
Here is some important information about them and also how IFT can help you choose a pathway.
CFA Institute says:
"For 2025 Level III exams, we will introduce specialized pathways – two new versions of Level III in Private Wealth and Private Markets – while also keeping our traditional Portfolio Management path. Candidates will be able to select a path that teaches content more directly related to their interests and aspirations. The three versions will have a 'common core' of curriculum at Level III, supplemented by specialized content for each pathway."
Here are the things you need to consider:
At the time of registration
Candidates have to choose from any one of the three "specialized pathways" offered at the time of registration. They will receive the study materials for the selected pathway. Pathways can not be changed once registered (with CFA Institute)
Here is how IFT can assist you in choosing a Pathway:
(Take a detailed look a the pathways with IFT before registering for the exam!)
- When you purchase an IFT videos package (Basic, Plus or Premium package from this page) you need to specify a Pathway - However you can contact us to change your videos to another pathway within 30 days of your purchase free of charge!
- If you purchase IFT Study Notes, you will get the study notes for ALL of the 3 pathways.
So, by purchasing a IFT Videos or Study Notes package - you will be able to preview the content before you do a detailed study of it!
Additional information
Exam Structure
"Common Core" = 65-75% of the Level III exam topic weight
"Specialized Pathway" = 25-35% of the Level III exam topic weight.
Exam Content: The selected pathway will be tested in the same was as for the common core,
by a mix of item sets and essays.
There will be no difference in the CFA Charter granted upon passing Level III.
Reference: https://www.cfainstitute.org/en/programs/cfa/exam/level-iii-pathways
Review the above CFA institute page for further details