CFA Level 3 Sample Papers 2020
CFA Level 3 Sample Papers 2020 - The Chartered Financial Analyst Institute releases CFA Level 3 2020 sample papers on their website. Candidates can make use of sample papers of CFA Level 3 2020 to prepare better for the exam. CFA Level 3 sample papers 2020 familiarize candidates with the complex CFA Level 3 2020 exam structure. Practice solving the sample papers of CFA Level 3 helps candidates to understand the type of questions, marking scheme, difficulty level, time to be allotted to each question, etc. Understanding all these aspects of the exam helps in attaining speed and accuracy. Candidates can download CFA Level 3 2020 sample papers for item-set questions and essay questions separately on this page. Find the download links and know more about CFA Level 3 sample papers 2020 in the article below.
Chartered Financial Analyst CFA Level 3 Sample Papers 2020
Candidates preparing for CFA Level 3 2020 must get the sample papers to make their preparations fruitful. CFA Level 3 sample papers for item-set questions consist of MCQ type questions while the sample papers for essay questions include spaces for candidates to write their answers similar to the actual question papers. A bunch of questions are case-study based. These case-study questions include two or more mathematical equations. Candidates can download the sample papers of CFA Level 3 2020 from the table below.
CFA Level 3 2020 Sample Papers
It is essential that the candidates go through the exam pattern of CFA Level 3 2020 thoroughly before getting into their preparations. Knowing the exam pattern in and out will let the candidates know what to expect in the question papers. Details of the CFA Level 3 exam pattern have been provided in the table below.
CFA Level 3 Exam Pattern
Mode of exam
Pen and paper based
Medium of exam
Type of questions
‘Item-sets’ and constructed response questions
Number of questions
120 (60 in each session)
360 (180 for each session)
Topics to be studied for CFA Level 3 2020
Candidates must prepare the following topics for CFA Level 3 exam -
Ethical and Professional Standards
Benefits of CFA Level 3 Sample Papers 2020
Candidates can benefit from CFA Level 3 sample papers in the following ways -
Sample papers make good practice material
Candidates get to know the question paper pattern better
Practicing using CFA Level 3 sample papers help candidates gain accuracy
If candidates solve CFA Level 3 sample papers 2020, they can manage time well during the exam
Candidates can figure out the areas that they find difficult by evaluating the sample papers that they solve.
Other Relevant Links
Frequently Asked Question (FAQs) - CFA Level 3 Sample Papers 2020
Question: What topics hold the most weightage in CFA Level 3 exam?
It is important that the candidates prepare all the topics well. In CFA Level 3 2019 exam most of the questions were asked from the topic of ‘Fixed Income’.
Question: Can I do rough work in my CFA Level 3 answer sheet?
No, candidates must not do any rough work in their rough sheets. Candidates are provided with an extra blank sheet in the question paper. Space is provided for essay questions separately.
Question: What is the minimum passing score of the CFA Level 3 exam?
The minimum passing score of the exam varies each year based on the difficulty level and number of candidates appearing for the test.
Question: What is the strategy I should stick to while preparing for the CFA Level 3 exam?
Make sure that you prepare as per a strategy that is easy to follow. Cover all the topics and practice as many sample papers of CFA Level 3.