Facts about the level 3 exam

CFA Level III
#1

Let’s pin this thread until the exam. Simply state facts about the Level 3 exam. 1) The morning session is essay type while the afternoon session is multiple choice 2) A good part of the morning session concerns IPS 3) Ethics will be in the multiple choice section 4) You are allowed to use a pencil in the essay section 5) A procter will verify your calculator during the exam at least once

#2
  1. It’s the last CFA exam if you pass.
#3
  1. It is in english
#4

It changes in material and complexity every single year.

#5
  1. The 2 hour lunch will be excruciating.
#6

Can someone post the breakup of questions (by % or # of questions) between the morning & afternoon sessions? Also, I remember reading somewhere that, at level 3, answer to one question is needed to answer another question, which is different from I & II. Not that it changes anything for folks taking the exam, but it’s comforting to know the makeup.

#7

Can I use Green ink?

#8

Yes, but it’s a bad idea because a grader might use green ink and then you have caused yourself grader-unreliability when your points are added up. (Why a grader would use green instead of red is a completely legitimate question for which I don’t have a good answer)

#9

Ok, I think I’ll write in Red and Green ink.

#10

lol, Edited 4 time(s).