sample cfa level 3 essay questions and answers


What is the CFA level 3 exam like?

    For LEVEL 3 CFA exam, you can expect both open-ended (constructed response) questions and item sets (like for level 2). There will be 8-11 constructed response questions in the first session and 44 multiple-choice questions arranged into item sets of 4's or 6's in the second session.

How many questions are on the CFA exam?

    For LEVEL 1 CFA exam, you can expect 90 multiple-choice questions per session. That makes it a total of 180 questions. You'll have 1.5 minutes per questionon average. For LEVEL 2 CFA exam, you can expect 44 multiple-choice questions per session.

How to prepare for the CFA essay exam?

    Bullet points are great ways to present your ideas in the CFA essay exam. The examiner will tell you how many factors (e.g. examples/reasons) they are looking for in each question. You can present them each with a bullet point. 5. Time your session It’s a good habit to practice on time management.
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