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Past Level III Constructed Response or Essay Exam Questions

At Level III, CFA Institute challenges you in a unique way – the formidable Constructed Response or Essay Exam format. One very common way to prepare for which students use is to look at past papers which were made available.  However, as you know, the exam curriculum changes each year and hence you need to know which questions are still relevant. You need to find the questions that are still covered in the current LOs and doing this is not an easy task for you. The good news is that IFT has done this for you. We have created the… Read More

Level III, Uncategorized

2024 Level III CFA Program Changes

Each year CFA Institute makes changes to the exam curriculum. This year there are some major revisions and some minor revisions to the Level III curriculum. There are minor changes in the revised readings. The changes in the LOS for the revised readings are given below. The material remains the same primarily from the concept testing point of view. Data in Examples and Exhibits have been updated to make it more relevant for 2024, but that does not change the concepts taught in 2023. Some text has been added to the revised readings to introduce the candidates to say a… Read More

Level III

How to Solve CFA Level III Constructed Response Questions

The Level III Structured Response or ‘Essay’ Exam is very different from the exams you have seen at Level I and II. Only if you understand this exam format and are able to ACE it….will you stand any chance to pass the Level III exam! Watch the video below to understand how to approach this formidable paper and the next steps you need to take! In order to familiarize yourself with the CFA Prometric online testing software be sure to check the simulator at this link: https://training.prod.prometric.mindgrb.io/CFA-Tutorial/launch_html_delivery.html Explore: IFT Level III Video Packages

Level III, Uncategorized

Study Strategy and the New Practice Tests

Dear Level II candidates, We have updated the Level II Question bank to help you better prepare for the exams. For each reading, there is a ‘Practice Test’ with individual Level I style questions. We recommend that you solve this Practice Test after watching the videos/reading the notes for a reading. These questions are designed to give you the most value for your time invested, because each question is unique and the questions are arranged in a logical order. It will assist you in revising and applying concepts learned in the reading, as well as identifying areas where you are… Read More

Level II

2023 CFA Level III Exam Format

Dear Level III candidates, CFA Institute shared with us the following information about the 2023 Level III exams: We wanted to share some information about the format of the Level III exam that candidates will see in the February 2023 window and beyond. The look of an item set and essay set will not change with the Feb 2023 exam. The item sets will still have a vignette followed by 4 multiple choice questions, and the essay sets have a vignette followed by a varying number of essay questions, typically 3 or 4. What will change is how they are… Read More

Level III

2023 Level II CFA Program Changes

Each year CFA Institute makes changes to the exam curriculum. This year there have been a small number of changes to the LII curriculum. There are 49 learning modules in the 2023 Level II curriculum versus 47 readings in 2022. (The CFA Institute has made this change: A Reading is now referred to as Learning Module (LM) for each topic.) 5 readings from 2022 were dropped: Introduction to Linear Regression Capital Structure Mergers & Acquisitions Capital Budgeting Return Concepts 1 new reading was added: Cost of Capital: Advanced Topics 6 readings were updated. Multiple regression content has been divided into… Read More

Level II

Grading of 2022 LIII CFA® Program Mock Exam and IFT Mock Exams

CFA Society Boston Level III 2022 Mock Exam is available for registered candidates. Candidates must do this mock and other mocks close to the actual exam to improve their exam-taking ability. After doing the mocks, they will Learn from their mistakes; ‘scale up!’ Get their mock exams professionally graded Use the grader’s tips and fix oversights IFT offers Level III candidates an exclusive personalized feedback service on their constructed response (essay) exam attempts. This service is offered for the 2022 Level III CFA® Program mock exam and IFT mock exams. Here is how IFT Grading Service improves your skills after… Read More

Level III

2023 Level III CFA Program Changes

CFA Institute periodically updates its curriculum for the CFA Exam. The regular updates are meant to stay up to date with the innovations and challenges of the investment management industry. However, for the 2023 exam year, there are no changes from the Level III 2022 curriculum. This may partly be due to the many changes we saw in 2022. To see the changes introduced in 2022 click here. This is good news for those candidates who may need to re-take the Level III exam in 2023! IFT Level III Exam Prep Packages are available now, start your studies now with… Read More

Level III