CFA CFA Level 3 Utterly Frustrating

Utterly Frustrating

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    • zwzard
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      This is probably my 7th yes 7th attempt at this level and still not able to be successful which I find very hard to believe. Ive used prep providers for several years and found they have some gaps in relaying the material. Last year was my first attempt at using text only and I felt much better prepared. The exam didnt seem hard either. There were no WTF questions. So I am very stumped by my WTF results. It is very strange that so many intelligent people take these exams, and supposedly the creme de la creme arrive to L3 and still there are such low passing rates. On a consistent basis only about 3/10 or 4/10 people (assumed to be fairly smart and all read the same material and put in the time)…but on average only 4 out of 10 pass? A lot more transparency is needed in this exam. Its way too secretive. You dont see exactly where you went wrong…they say the details aren’t published to keep the level of exam quality at a rigorous standard (not word for word but thats pretty close). I dont claim to be a genius…but looking at my WTF results i know i didnt get below 50% in some of the reported areas…specifically individual client and institutional questions. I have come this far in sitting the 3 levels all these years. ..but I must say…its becoming utterly frustrating. Sorry but I really needed to vent.

    • MattyJ
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      @zwzard have you gone back and looked at the model answers they publish for the actual exams? How do these compare with what you remember writing?

    • zwzard
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      Hi MattyJ not yet. I will in a bit. I dont find them too helpful in the past though, because the answers are very broad n lengthy at times to ensure an all encompassing way of viewing possible answers. When I look at the answers, time allotted and point value it would infer at times that if one stuck with the command words you’d be ok. I definitely tried this approach this year, paying close attention to command words and points that’ll be awarded. Nevertheless I will take a read of the as answer key. Thanks.

    • Sophie Macon
      Keymaster
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      Did you see band improvements across the attempts @zwzard? Must analyse to see where you can improve and score it this time around. Really, really admire your persistence!

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