CFA® Level 3 Sample Papers 2021
CFA® Level 3 Sample Papers 2021: The CFA® Institute has released the sample papers for CFA® level 3 2021 on its official website. Candidates can go through the sample papers to get pre-hand knowledge of the CFA® level 3 exam format. The CFA® level 3 question bank consists of a combination of item set and essay-based questions. CFA® level 3 sample papers help in understanding the exam structure and the difficulty of the questions. The answer space for the exam keeps on changing which can be understood by the CFA® level 3 sample essay questions. For more information on the sample papers, exam format and download links, read the complete article.
Chartered Financial Analyst® level 3 question bank
The CFA® level 3 past papers help the candidates in understanding the whole exam format and difficulty. The question bank helps the students in their practice and to manage the timing in the main exam. Each item set in the CFA® level 3 exam consists of 4-6 multiple choice questions related to them. The length of the case statements in each item set consists of tables with information and needs to be solved using analytical skills.
CFA® level 3 essay question help candidates in understanding the constructed response based questions. They need to provide a written response which can be either word-based or calculation based.
Level 3 sample papers for CFA 2021
Particulars | Download Links |
Item set Questions | |
Essay Based Questions | |
Essay Guideline Answers |
CFA® level 3 exam pattern 2021
The CFA Level 3 exam pattern is important so that the candidate can be aware of the new exam format in the computer-based test.
CFA® level 3 exam format
Mode of exam | Computer-based Test |
Medium of exam | English |
Duration of exam | 4.5 hours |
Type of Questions | Item set + essay based |
Marking Scheme |
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CFA® topics for Level 3 2021:
Topic-wise weights
Topic | Exam Weight |
Ethical and Professional Standards | 10-15% |
Economics | 5-10% |
Equity Investments | 10-15% |
Fixed Income | 15-20% |
Derivatives | 5-10% |
Alternative Investments | 5-10% |
Portfolio Management and Wealth Planning | 35-40% |
Benefits of CFA Level 3 Sample Papers 2021
Solving the sample papers for CFA® level 3 2021 will benefit the candidates in many ways. Apart from giving the understanding of the type of questions, other benefits include the following:
Candidates will get an understanding of the CFA Level 3 exam pattern.
Candidates will be able to practise well for the main exam.
Candidates who practise with Level 3 sample papers for CFA 2021 can manage time well.
Candidates get a better understanding of the type of questions in CFA level 3.
Candidates will get the idea of the main exam and can practise on their weak areas.
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Frequently Asked Question (FAQs) - CFA® Level 3 Sample Papers 2021
Question: What will be the exam format for CFA Level 3?
Answer:
The morning sessions have around 8-15 essay style questions and the afternoon session will have item set questions that have a case statement along with MCQ’s.
Question: Is the Level 3 exam difficult?
Answer:
The CFA level 3 exam is not exactly difficult but it is definitely challenging due to a different exam format.
Question: How much time should be spent preparing for the CFA Level 3 exam?
Answer:
As per recent surveys, the candidates spend around 335 hours in preparing for the Level 3 exam.
Question: How can the students prepare a study plan from the sample papers of CFA Level 3?
Answer:
The sample papers can help in understanding the exam structure and difficulty. This helps you prepare a proper study plan.
Question: Are the sample papers available on the official CFA website?
Answer:
Yes, the sample papers will be available on the CFA website. Candidates can download the practise exams and mock exams from the website as well by registering.
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