Random question but what is the target “score to beat” for level 3? I feel like on level 1 and 2 you often hear the general saying that scoring above a 70% should mean you are in good shape. I know there is no transparency as to a passing score from CFAI but I’ve taken a few written and multiple choice mocks and I’m looking to benchmark myself a bit, to understand how far off I may be. Does anyone have any insight or anecdotes that could shed some light? (Aside from the “shoot for 100%” type of guidance).
In the spirit of sharing I’m averaging low 60% for written on past CFAI exams and mid to high 60% for schweser mocks for multiple choice. I’ve spent a good deal more time with the written type questions/subject matter, which I feel differs in content from the MC stuff. Would also welcome hearing how others are faring in the two parts of the exam as well.
I think that would be closer to band 9 or band 10 score. I got band 8 last year and my 40/60/80 was 45% in the morning and 66% in the afternoon. I think I probably did considerably better than what those percentages came out to in the afternoon though, and probably worse in the morning.
Shoot for 80/60 with the 60 being the essay and 80 being the vignettes. Once I started getting “comfortable” with the essays I saw my scores in the vignettes dramatically increase. If I could guess I’d say I got above 80 in the afternoon and below 60 in the morning. If you’ve read the CFAI material all you can do is practice practice practice, you know what they say it makes…
I started to feel comfortable probably right around this time last year, early/mid May. I took 8-10 mock exams and by #6 I was feeling really good and that confidence went a long way. I think the more detail the better with the EOC’s. Use them as a study aide. I know it’s a lot of reading for some of them, but put in the time for the next month and you can take the entire summer off. Almost there! Good luck.
I was getting between 60 - 65 on the last 3 or 4, at the same time averaging between 45 - 50 out of 60 on the evening. Time management wise I felt that the mocks didn’t prepare me well and the exam was much more difficult. The last couple mocks you do you should set a timer for 2 1/2 hours to prepare for the real thing.