
The 2025 CFA® Program Curriculum Is Here: What’s New & Where to Buy
The CFA Institute has officially released the 2025 CFA® Program Curriculum for Levels I, II, and III. Whether you're a first-time candidate or continuing your journey to become a CFA charterholder, having the latest official curriculum is essential to pass with confidence.
For 2025, notable updates include refined content in Level II — especially in ESG investing, alternative assets, and portfolio management. These changes reflect evolving industry trends and are designed to prepare candidates for real-world applications.
Level I remains structured across six volumes, covering all core topics such as Ethics, Quantitative Methods, Economics, Financial Reporting, Corporate Finance, and Portfolio Management. Each chapter includes clear Learning Outcome Statements (LOS) to help you focus on what really matters for the exam.
Level III, the final and most strategic level, places greater emphasis on wealth planning, portfolio construction, and written-response formats. The 2025 curriculum features expanded case studies and a deeper focus on integrating client objectives with practical investment strategies.