【CFA Exam Tips】How to pass CFA Level 3 in first attempt? | Exam Skills to tackle CFA Level 3 Essay Questions| Free Resources

Shunryu 迅狐
Finance Career Coaches
9 min readNov 4, 2023

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  • Congrats! You’ve passed the CFA Level 2 exam, the most difficult of the three levels. Now, you are only one step away from obtaining the CFA professional qualification!
  • Yet, never underestimate this final step! I came across many guys who are good at numbers like those having completed FRM or even with a statistics or risk management degree, have been stuck in CFA level 3.
  • So, their LinkedIn profilse have been showing ‘passed CFA level 2 Exam’ for years, instead of having the ‘, CFA’ suffix following their name, like Mary Chan, CFA. (Note: The CFA Institute forbids you to partially claim to be a ‘CFA Level 2’, while it’s okay state the fact that you have ‘passed CFA level 2 exam’, or you are a ‘CFA Level 3 candidate’ if you have enrolled in the exam).
  • From my personal experience, CFA Level 2 is the most difficult of the three levels because it has the most formulas, the widest range, and the most complex calculations. To compare their difficulties on a scale of 1 to 10, I think CFA level 1 is 4.5, CFA level 2 is 9, and CFA level 3 is 8.
  • However, the CFA Level 3 exam, on one hand, contains a number of vignettes each followed by several MCQs; on the other hand, a range of essay questions.
  • Essay questions makes it disadvantageous for students with weak English reading comprehension and writing skills. Not…

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Shunryu 迅狐
Finance Career Coaches

Hongkonger 香港人 | Bilingual Writer 雙語作者 | Financial Analyst 金融分析師 | Top Uni Master 曾經學霸 | IELTS 8.5/9 英文導師 | Career Coach 職涯教練