You’ve already come a long way in your CFA charter journey. Now it’s time to finish strong. The Level III exam will test your ability to apply everything you learned in Levels I and II to practical, real-life situations.
The knowledge you need to possess prior to preparing for the Level III CFA exam is the same knowledge you’ve acquired to this point in preparing for the first two exams. Your exam preparation for Level III will prepare you to complete more complex item sets, and also master the constructed response (essay) portion, which is exclusively a part of the Level III exam.
The topics tested in Level III include:
CFA Institute recommends that you spend an average of 300 hours preparing for each level of the CFA exam. According to a 2016 survey, Level III candidates spent an average of 334 hours preparing for the exam.
We suggest that candidates follow The Kaplan Way, a three-phase learning strategy: Prepare • Practice • Perform®. This methodology is the foundation we’ve built Schweser’s CFA exam prep products on.
Trying to find more valuable tips to help you prepare for the Level III CFA exam? Look no further.