Enregistré dans:
Détails bibliographiques
Auteurs principaux: Shetty, Pranam, Upadhayaya, Abhisek, Shah, Parth Mitesh, Jagabathula, Srikanth, Nayak, Shilpi, Fee, Anna Joo
Format: Preprint
Publié: 2025
Sujets:
Accès en ligne:https://arxiv.org/abs/2507.02954
Tags: Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
Table des matières:
  • As financial institutions increasingly adopt Large Language Models (LLMs), rigorous domain-specific evaluation becomes critical for responsible deployment. This paper presents a comprehensive benchmark evaluating 23 state-of-the-art LLMs on the Chartered Financial Analyst (CFA) Level III exam - the gold standard for advanced financial reasoning. We assess both multiple-choice questions (MCQs) and essay-style responses using multiple prompting strategies including Chain-of-Thought and Self-Discover. Our evaluation reveals that leading models demonstrate strong capabilities, with composite scores such as 79.1% (o4-mini) and 77.3% (Gemini 2.5 Flash) on CFA Level III. These results, achieved under a revised, stricter essay grading methodology, indicate significant progress in LLM capabilities for high-stakes financial applications. Our findings provide crucial guidance for practitioners on model selection and highlight remaining challenges in cost-effective deployment and the need for nuanced interpretation of performance against professional benchmarks.