CFA PROGRAM EXAM QUICK START GUIDE

LEVEL THREE
ALL ABOUT Aa

THE ESSAY÷
In the past two exams, you were
IT ALL COMES asked to describe and analyze. In
TOGETHER this exam, you will need to justify
your thinking by synthesizing
information and applying solutions.
Portfolio management and wealth
planning will be heavily featured.
BE MINDFUL OF TIME

Plan how much time you can

÷
There are two types—constructed
responses (word-based) and
UNDERSTAND THE
FORMAT OF ESSAY
Aa give each answer and stick
with it. If you are stumped by
a question, move on to one you
calculation-based responses.
QUESTIONS
Aa
Get started right away framing are more comfortable with and
complete that one. You can go

÷
your study around these formats.
Practice writing out your answers. back to your skipped question
later if you have time.

2,333 PAGES
OF STUDY 8-12
MULTI-PART
STRUCTURED
RESPONSE 10
÷ ITEM SET
QUESTIONS
CONTENT QUESTIONS

You do not get extra credit PROVIDE EXACTLY

for producing a lot of words.
Meandering prose can potentially
WHAT IS ASKED FOR
SHOW YOUR hurt your score. Answer (AND NO MORE)
CALCULATION succinctly and to the point. Use
bullet points if you would like to.
METHODS

For calculation-based questions,

show how you arrived at the
answer. Even if you make a simple
math error, you may get points for
showing that you used the correct
formula or methodology. 34 READINGS
INCLUDED 18 STUDY
SESSIONS 6 TOPICS
COVERED 6 HOUR
EXAM

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