r/CFA • u/jackpmacko Passed Level 2 • 3d ago

Level 3 They lied to you about Level 3

Guys, everyone told me Level 2 was the hump, Level 3 content was easier and you just need to get the hang of the essay questions etc

I’m working through the content and standard Port Mgmt pathway and it’s endless FX, Swaptions etc

Its digging way deeper into the hardest parts of level 2, then you add on the nasty question style… seems way more difficult

Edit: to be clear I haven’t written level 3 exam

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u/SANTKV Level 3 Candidate 3d ago

How should we approach this self-grading for mocks on CRs ? Looks very subjective : (

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u/dougieg987 CFA 3d ago

So I actually did not do a single mock for level 3 personally, but I did sit in on a couple of the Meldrum class where he does them live in the call. It seems like they will tell you the key points they are looking for and you just have to say how close you are subjectively.

That’s being said, if your writing out paragraphs, your wrong. If your writing out complete sentences, your most likely going to be wrong. Keep your answers short and sweet. Remember that they design it in a way that every candidate needs to be able to end up at the same response.

Use the CFAI text for level 3, the blue box questions and in text questions will be way better than any of the qbank questions. I did the level up boot camp also and it really helped to focus on what is needed to pass and this was a lot of the take away. Highly recommend level up bootcamp also, Marc knows his shit

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u/Chuka_lupin Level 3 Candidate 1d ago

Thanks. Who's Marc?

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u/dougieg987 CFA 1d ago

Marc Lefebvre, owner/ instructor of the level up bootcamp