I would like to approach those warriors who already Completed CFA Level 3 exam. I am quite scary watching video and listing peopla and reading forum about the L3 exam. Actually I would like to ask somebody to switch on some light in my brain because maybe that is why looks very easy the exam.But the problem is statistically LOOKS easy.
First think is that the reason why still very low the passing rate in L3 becasue many of us thinking that is it LOOKS easy and we not give enough respect on L3 exam.
Before start to jump in the middle I would like to ask some advise how to approach the exam not to mass up mind mind by April.
What I am interesting:
Sequence of session to be study
Available practice material - what I know and planning to use is obviously Curriculum material,CFA Website practice.
Any action recommendable during reading.I heart index card at many place.Any more detail what can be a index card etc.
I feel now the essay section will be all about but now it like a lottery,hanging on the air,CFA institute even saying not possible 100% do not even try it.I do not like this kind of exam.So I belive for me CFA Level 3 going to give mainly emotionally pressure do understand it is not easy because still 50% will be fail. But If I pass I will complete CFA program without failing.
Last year I was unemployed so I learn as much as possible and just exactly pass the exam.But now with the new job I am planning to start now and try to be ready 2 months before (who knows what is gonna happened during the study trip - wedding ceremony,preparation,new challenge job).
My strategy would be exact opposite- Focus on PM----PM is easy anybody can get 70%-----aim for 90% in PM, save yourself in AM—don’t score too low in AM, IPS individual and institutional should be your strongest topic…you will sail through.
My opinion is that the L3 material is equally as hard as L2.
It is the openness of questions which makes it hard to apply mechanical rules or strategies for the AM exam…time value of money questions…ask 10 people and see how many get the same answer …One question may span many pages in the curriculum.
Bear in mind, curriculum not nicely structured like L2, i.e. you do one itemset and in your mind be thinking which section does this even relate to…equity, equity PM, alternatives.
Final advice is get a formula sheet and same learning you used for L2…no big secrets or shortcuts
First of all …the person on whom i commented has his status as " CFA level II pass" ----technically not even a candidate…so not sure whether he has even read the L3 curriculum for which he is commenting…its not hard to understand unless somebody doesn’t want to…