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What is the Level III CFA exam format?

0 13 Views | Posted a year ago
Asked by Shiksha User

  • 2 Answers

  • A

    Answered by

    Anushka Mendiratta | Contributor-Level 10

    5 months ago

    The Level III CFA exam is conducted online into two 2 hours and 12 minutes sessions with an optional break in between.

    Refer to the following table for details:

    FeatureDescription
    Duration4 hours and 24 minutes (2 sessions)
    Number of Questions11 sets of questions per session
    Question Types

    MCQ sets and essay questions

    FocusTo analyze case studies and scenarios. then apply your investment knowledge.

     

  • Shiksha Ask & Answer

    Answered by

    Saumya Jain | Contributor-Level 10

    a year ago

    The Level III CFA exam format is as follows:

    • The exam will be conducted in two sessions, each lasting 2 hours and 12 minutes.
    • There will be an optional break in between the two sessions.
    • The exam will consist of constructed response (essay) questions and item set questions, which will be comprised of vignettes.
    • Each item set will consist of a vignette followed by four multiple-choice questions.
    • There will be a total of 11 essay sets and 11 item sets, each worth 12 points.

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