Before diving into specific topics, you must understand the split personality of the Level III exam. The exam is divided into two distinct 2.2-hour sessions:
The CFA Level 3 exam is widely regarded as the final boss of the Chartered Financial Analyst journey. While Level 1 tests your ability to recall facts and Level 2 tests your ability to apply concepts to complex scenarios, Level 3 tests your ability to synthesize information and make judgment calls. The primary vehicle for this assessment is the format, often referred to as the "essay" section. cfa level 3 exam questions