Level III Essay Exam Grading & Feedback Service

Note: This service will become active in March 2019. IFT recommends that you only practice mock exams in the last 3 months before the exam (the references below are with respect to IFT’s 2018 service).

Many candidates fail Level III because of poor performance on the essay exam.  To help you pass the Level III exam, IFT is offering an essay exam grading and feedback service. This service is based on the last three CFA Institute essay exams. These exams are available on the CFA Institute website.

Watch this video to understand how the IFT service works:

The IFT grading and feedback service spans four stages:

Stage One:

Once you’ve completed a few topics, attempt the corresponding questions from the 2015 essay exam.  As an example, if you’ve completed behavioral finance, individual portfolio management and institutional portfolio management, you can attempt questions 1, 2, 7, 8 and 11 from the 2015 essay exam.  The first page of the exam shows the topic and the number of minutes for each question.

You should answer questions in an exam like setting, making sure that you use the templates provided.

When you are done, e-mail scanned copies of your answer sheets to IFT.  We will grade your paper and give you feedback on how to improve your responses.

Stage Two:

When you are done with all Level III study sessions you should attempt the entire 2015 paper again and send us scanned copies of your answer sheets. We will grade your paper and give you feedback.  We recommend that you redo the questions you did as part of Stage One.  This will help us gauge whether you’ve internalized feedback from Stage One.  It will also give you an opportunity to revise topics you’ve covered earlier.

Stage Three:

Take the full 2016 essay exam and send to IFT for grading and feedback.

Stage Four:

Take the full 2017 essay exam and send to IFT for grading and feedback.

Sample: Click here to see a grading sample based on Question 1, Part A from the 2013 essay exam published by CFA Institute.  As part of the grading service we identify where your marks are likely to be cut and what must be done to improve your response.

What you’ll get from IFT

Completion Portfolio (Substitute Questions): For topics such as fixed income and asset allocation which have changed in 2018, IFT provides you with revised questions which you should use instead.  As an example, questions 3 and 9 in the 2015 essay exam are no longer relevant for 2018.  Hence IFT provides you with substitutes for these questions. The Completion Portfolio has questions going back 5 years, so from 2013 through to 2017. It is normally sold separately, but is included in this package.

Grading and Feedback: IFT will grade your paper and provide feedback within 7-10 calendar days of submission.

Videos Solutions: IFT will provide video solution for CFA Institute questions from all three essay exams.  In these solutions Arif Irfanullah shows and explains how he would solve the exam. You will get videos which cover all essay questions from the actual 2015, 2016, 2017 exams and in addition many essay solutions from previous years exams.

Skype Session with Instructor: You can sign up for a Skype session with an IFT instructor.  There is an extra charge for this service.

Single exam grading service: If you feel that you want to try the service for only 1 exam, then click here


* Validity: June 2019