CFA Level III Exam - No motivation

Anyone else just lacking in the motivation department? Right now should be crunch time and I should be really ratcheting it up but I am having a hard time.

Has anyone taken level III? What do you think about it? Everyone always says it is a harder test than L2 but easier content. I think because the content is so much more subjective I am finding my studying is not as productive as L2.

I Don't Feel Like Studying: Chartered Financial Analyst Edition

Getting through a large amount of uninteresting material can be very challenging. Before the third level of testing of the CFA, your enthusiasm to earn the charter may be waning. The best way to break through this is to create a system of studying and progressively cover all material. The material will seem even more impenetrable if tackled last minute.

  • Be consistent with studying
  • Practice applying knowledge as much as possible
  • Review work from earlier sessions
  • Spend a bit of extra time focused on ethics

Potential charter holders could not make it all the way to the third level while slacking off. However, there is a tedious nature to the material in this section.

Thoughts from the community

from certified hedge fund user @SenhorFinance

From a charterholder: by all means put in the extra effort, you'll be real glad you're done with it, for whatever it's worth. Now, the single most important piece of advice: L3 is about timing. Practice on being as synthetic as possible. On a synthesis scale, think industry reports as 1, sell-side reports as 3, buy-side pitches as 5, CFAL3 as 10. It's an art that when mastered, dramatically increases your pass probability even if you're not feeling that sharp on the curriculum itself.

from certified investment banking user @duffmt6

My motivation was that my girlfriend would have killed me if I had to study for another test.

from certified asset management user @kingtut

I didn't really hit the books hard until the start of April. I'm currently studying 7-8 hours per day. I get into work early and study for an hour, bring my lunch and study for an hour, and then I usually study for 5-6 hours in the evening and leave around 11-12. Fortunately, my boss is very supportive of the CFA and has helped to divert a lot of shit from landing on my plate.

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Comments (106)

May 9, 2013

In the same boat. The material is god awful. Dreading the exam as the essay format is going to be a killer

May 9, 2013

I'm also taking the Level 3. I hate studying for it but what can you do. Just imagine how much better life will be after you don't have to take any more exams!!!

May 9, 2013

it is interesting because the material is in some sense more interesting and relevant and "fun" to read, but its not the type of stuff that makes for easy cramming (formula sheets, note cards, etc.)

Best Response
May 9, 2013

I'm on LIII as well so trust me when I say I feel you. I signed up for the exam last year, but I didn't sit for it. I started a new job in '12 and got married last fall so I punted. No regrets. I actually had fun in the month of May for the first time in years.

2009: L1 Pass
2010: L2 Fail (Put in about the same effort as L1. ~150 hours, and failed Band 9)
2011: L2 Pass
2012: Registered but didn't sit for L3
2013: Going to crush this shit

In my previous role I wasn't working with anyone pursuing the CFA. My old group did not encourage the CFA so that was a factor as well. I started in a different role a month ago and a lot of people around me are sitting for L1 or L2. I am a competitive person so it has been motivating to have other candidates alongside me all trying to get to the next level. I'll probably apply to bschools this coming fall and I realized that having the CFA on my resume would definitely bolster my application.

Anyway, long story short, all of that lit a fire under my ass. I didn't really hit the books hard until the start of April. I'm currently studying 7-8 hours per day. I get into work early and study for an hour, bring my lunch and study for an hour, and then I usually study for 5-6 hours in the evening and leave around 11-12. Fortunately, my boss is very supportive of the CFA and has helped to divert a lot of shit from landing on my plate. I am doing this while working on a start-up project with two other partners as well. Needless to say, I basically have zero free time for anything. I haven't seen some of my best friends for two months.

There is so much other shit I would rather be doing than studying for the CFA.

    • 2
May 10, 2013

Didn't you say you are married? Haha, where does the wife fit in?

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May 10, 2013
kingtut:

I'm on LIII as well so trust me when I say I feel you. I signed up for the exam last year, but I didn't sit for it. I started a new job in '12 and got married last fall so I punted. No regrets. I actually had fun in the month of May for the first time in years.

2009: L1 Pass
2010: L2 Fail (Put in about the same effort as L1. ~150 hours, and failed Band 9)
2011: L2 Pass
2012: Registered but didn't sit for L3
2013: Going to crush this shit

In my previous role I wasn't working with anyone pursuing the CFA. My old group did not encourage the CFA so that was a factor as well. I started in a different role a month ago and a lot of people around me are sitting for L1 or L2. I am a competitive person so it has been motivating to have other candidates alongside me all trying to get to the next level. I'll probably apply to bschools this coming fall and I realized that having the CFA on my resume would definitely bolster my application.

Anyway, long story short, all of that lit a fire under my ass. I didn't really hit the books hard until the start of April. I'm currently studying 7-8 hours per day. I get into work early and study for an hour, bring my lunch and study for an hour, and then I usually study for 5-6 hours in the evening and leave around 11-12. Fortunately, my boss is very supportive of the CFA and has helped to divert a lot of shit from landing on my plate. I am doing this while working on a start-up project with two other partners as well. Needless to say, I basically have zero free time for anything. I haven't seen some of my best friends for two months.

There is so much other shit I would rather be doing than studying for the CFA.

didn't you say you were married? Where does the wife fit in?

May 10, 2013
kingtut:

I'm on LIII as well so trust me when I say I feel you. I signed up for the exam last year, but I didn't sit for it. I started a new job in '12 and got married last fall so I punted. No regrets. I actually had fun in the month of May for the first time in years.

2009: L1 Pass
2010: L2 Fail (Put in about the same effort as L1. ~150 hours, and failed Band 9)
2011: L2 Pass
2012: Registered but didn't sit for L3
2013: Going to crush this shit

In my previous role I wasn't working with anyone pursuing the CFA. My old group did not encourage the CFA so that was a factor as well. I started in a different role a month ago and a lot of people around me are sitting for L1 or L2. I am a competitive person so it has been motivating to have other candidates alongside me all trying to get to the next level. I'll probably apply to bschools this coming fall and I realized that having the CFA on my resume would definitely bolster my application.

Anyway, long story short, all of that lit a fire under my ass. I didn't really hit the books hard until the start of April. I'm currently studying 7-8 hours per day. I get into work early and study for an hour, bring my lunch and study for an hour, and then I usually study for 5-6 hours in the evening and leave around 11-12. Fortunately, my boss is very supportive of the CFA and has helped to divert a lot of shit from landing on my plate. I am doing this while working on a start-up project with two other partners as well. Needless to say, I basically have zero free time for anything. I haven't seen some of my best friends for two months.

There is so much other shit I would rather be doing than studying for the CFA.

Does the CFA really help in Biz school applications? everything I have heard is that it doesnt really do much. However, to me I would like that is 'should' matter if you conveyed post-mba goals of AM.

May 9, 2013

I had Indian food and beer tonight - I'll worry about level 3 tomorrow.
3 week ends left, and am taking the last week off before the CFA. Buckle up! From tomorrow onwards there will be no more beer!

May 9, 2013

My motivation was that my girlfriend would have killed me if I had to study for another test.

May 9, 2013
duffmt6:

My motivation was that my girlfriend would have killed me if I had to study for another test.

My girlfriend just said this. I just changed jobs and its nearly impossible for me to study outside of the weekend.

May 9, 2013

I have been telling myself it will be worth it for so long, but i'm losing steam and at the exact wrong time.

i wish there was good data saying how much more you can make with the charter or how it will open doors. nobody debates that it is a good thing to have, but there isn't much quantifiable data out there. i think some sort of tangible goal or effect would motivate me more than just "its good to have".

going through L1 & L2 means i kind of have to finish now, but damn i just do not want to.

May 9, 2013

Glad I'm not the only one like this. I started studying for LI in October 2011 and basically haven't stopped since excluding a small break from last June through October. I'm pretty far behind and usually I would be in panic mode, but I just have no desire to push at this point. I never would have thought 3 weeks before LIII that I could care less, but the material is just so dry and boring that I can't get with it. The most depressing part about taking the exam is that you can't rely on IQ to bail you out. There's just not enough quantitative information they are going to test on. Hopefully I pass so I never have to think about it again!

May 9, 2013
ilikecreamcheese:

Anyone else just lacking in the motivation department? Right now should be crunch time and I should be really ratcheting it up but I am having a hard time.

Has anyone taken level III? What do you think about it? Everyone always says it is a harder test than L2 but easier content. I think because the content is so much more subjective I am finding my studying is not as productive as L2.

Also, wanted to comment on the format. I really think the format is not as big of a deal as most people think. The only true negative that comes to mind is not having the luxury of guessing via mc questions. This is partially offset by potentially receiving some credit for wrong answers if your work is shown and is comprehensible. Also, I looked at some of the passing scores last year on AF and the morning breakdowns for some were horrific. Way worse than some of the passes I saw for LI and LII.

May 9, 2013
subrosa:

Also, I looked at some of the passing scores last year on AF and the morning breakdowns for some were horrific. Way worse than some of the passes I saw for LI and LII.

I was one of those people. I didn't answer an entire question and a half on the morning session but still ended up passing.

May 10, 2013
duffmt6:
subrosa:

Also, I looked at some of the passing scores last year on AF and the morning breakdowns for some were horrific. Way worse than some of the passes I saw for LI and LII.

I was one of those people. I didn't answer an entire question and a half on the morning session but still ended up passing.

Fun fact: I'm a charterholder and during L3 I left the IPS question pretty much entirely blank.

Just goes to show that it's all about point maximization - where those points come from doesn't matter. Have at least a few topics that you know inside and out ie you know them so well that you can answer any question without thinking or having slept.

Pro tip: make sure to crush ethics. The graders love that chit.

May 10, 2013

I am just planning to sign up for Level 1 but I hope the motivation stays strong during the summer.

    • 1
May 9, 2013
Beny23:

I am just planning to sign up for Level 1 but I hope the motivation stays strong during the summer.

You gotta be kidding me, you come like that, talking about motivation to sign up for level 1.
In a post full of hard core level 3ers. Go back to the playground! As a tip: if you are young, and just started your career go for the CFA, it cannot hurt you.

    • 2
May 10, 2013
Disjoint:

In a post full of hard core level 3ers. Go back to the playground! As a tip: if you are young, and just started your career go for the CFA, it cannot hurt you.

Agreed, passing level 2 was important in me getting my current role. As far as the CFA not hurting you, it does ruin your springs for 3 or more years in a row.

May 10, 2013

Currently on L3. Not having trouble with motivation yet, just having trouble finding time to study.

May 9, 2013

How are other people doing on practice exams? I'm currently scoring like 67% (L3).
For L1 & L2 I was scoring 77% or so before taking actual exam.

May 9, 2013
floppity:

How are other people doing on practice exams? I'm currently scoring like 67% (L3).
For L1 & L2 I was scoring 77% or so before taking actual exam.

I am getting in the 60%s as well. Realistically, I am getting in the 50%s for the essays though. I have eeked out each level though...I was getting 60%s on practice exams for 1 and 2.

May 10, 2013

probably the easiest of the 3, but most nerve racking because you are so invested at this point. passed all 3 exams first sitting, not boasting just giving you context.

May 10, 2013

From a charterholder: by all means put in the extra effort, you'll be real glad you're done with it, for whatever it's worth. Now, the single most important piece of advice: L3 is about timing. Practice on being as synthetic as possible. On a synthesis scale, think industry reports as 1, sell-side reports as 3, buy-side pitches as 5, CFAL3 as 10. It's an art that when mastered, dramatically increases your pass probability even if you're not feeling that sharp on the curriculum itself.

May 10, 2013

Man. This gave me some motivation. Sitting for Level 2 in 3 weeks. I've been struggling getting my focus right.

I'm taking my first practice exam this Sunday, hopefully that will tell me how bad I suck or how awesome I am.

Good luck, fellers.

"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

May 10, 2013

Passed all three on first attempts (to give you an idea that I'm a credible poster on the topic, not to brag).

Felt the same way to a degree, and that's the most challenging part of L3. As another poster mentioned, you are quite invested in passing but yet oddly, it's quite tough to focus and buckle down. Keep in mind the hours and weeks and months you've put in for L1 and L2, and recognize that if you don't stay focused, it will be for nothing if you fail L3.

Material wise, I didn't think it was too bad - I focused on doing as many practice problems as humanly possible, as well as making my answers VERY succinct. Show works, steps, bullet out reasoning / rationale, and make sure you hit the key points. Basically, make sure you get SOME points on every single question.

In the end, stay calm! There will be questions that stump you at first, but get down SOMETHING so you are going for a few points, move on to the next, and come back at the end to try to polish up answers you are uncertain of. Getting that notification you passed L3 is well worth buckling down for the next three weeks.

Now get off WSO and crack open your books - your life is all about the CFA until that Saturday evening. Don't lose sight of the goal when you're only a mile from the finish line!

May 9, 2013

Out of curiosity how are you guys finding the volume? I'm convinced its a lot more than level II.

May 9, 2013

I wonder how many more posts you get from people passing their CFA on wallstreetoasis the month leading to the exam... I've just wasted 30 minutes here today!

May 9, 2013

I'm way over that!

May 12, 2013

It was really nice of her to let you feel like it was a conversation.

May 9, 2013
KarateBoy:

It was really nice of her to let you feel like it was a conversation.

She is giving like that. Girls got a point though. CFA sucks for the gf's too!

May 9, 2013
CivilServant:
KarateBoy:

It was really nice of her to let you feel like it was a conversation.

She is giving like that. Girls got a point though. CFA sucks for the gf's too!

I've kicked mine out of the house on the week ends. She is an absolute saint and is ok with it. She just hopes she won't have to put up with this sh.t next year! Her parents are wondering why she moved back with them on the week end :)

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May 9, 2013

bumped up my PM mocks to a pretty consistent 78% (3-4 mocks in a row).

my AM section is still awful though. guess that's what i'm going to be doing all weekend.

May 9, 2013

I'm impressed your on the mocks. I'm still "revising" my notes for the first time. Test papers start on Saturday and I'm off next week so going to be doing it banking style!

Anyone else taking this b!tch in London?

May 21, 2013

For those of you using QBank, what kinds of numbers are you usually getting? I'm getting high 70% to mid 80%, but im concerned that many of the questions are extremely easy. I'm a Level II Candidate, by the way.

May 9, 2013

I'm getting 78% on medium + hard only. The easy ones are probably a waste of time.

May 21, 2013

Yeah, I should turn off the easy ones. Uh oh.

May 21, 2013

I'm dying on L1 right now haha, consistent practice exams around 70%, hoping it'll go up after I study the Equity/Fixed stuff. Two weeks out and zero motivation to study anymore, I've been cramming so hard haha.

May 9, 2013

Level 3 is literally killing me. Really should have started earlier!

May 9, 2013

So bloody sick of this crap. How are you guys feeling about it? Anyone got any spare motivation?

May 9, 2013

Na CivilServant, I am completely burned out. Took this week off to study. Will try my best...

May 9, 2013

Ditto. But the volume is just killing me this time. I feel like I'm pushing stuff out every time I do something else!

May 9, 2013

last push guys.....LETS FUCKING DO IT

May 9, 2013

Man I've never been this burnt out in my life. It's been affecting my entire life lol. I can't stand this exam and my only motivation is to be done with it for good. It's probably the most anger I've had towards anything in my entire life lol.

May 9, 2013

Finished going through my notes today. Man this is brutal!

May 12, 2013

Anyone take the 2013 PM Mock?

Just scored a 73% and I've always found the mocks harder than the real thing.

May 9, 2013

I think I got a 78% on that one. Took the 6th Schweser PM mock last night and got only 68% fml. I think it's one of the harder ones that I've taken.

May 9, 2013

Doing it tomorrow. Will let you know. Have you done all the Schweser mocks floppity?

May 9, 2013

Yep done them all. My initial scores were really bad and improved dramatically by the 4th which I think is just more improvement related than exam difficulty related. I'm feeling decent where I'm at right now but am not interested in dropping the ball. I really hope this is the last one that I'll ever have to take.

May 9, 2013

Well you are streets ahead of me! First one tomorrow.

May 9, 2013

85% on first Mock. You would laugh at what I got wrong.

May 9, 2013

There is only one cfa mock right? I could have sworn there were 2..

May 9, 2013

How did you guys find it. I thought they were both ok but definitely preferred the pm!

May 9, 2013

thought this one was relatively straightforward.
there was actually one question in the PM which I just had no idea about and randomly guessed w/ the number that didn't look as simple.

May 12, 2013

Just finished. If I don't pass, I can only blame myself. Seemed so easy. I think I even got that hard derivatives PM question right.

May 9, 2013

I thought the pm was ludicrously easy. But with the am paper who knows...

Jun 1, 2013

How do the CFA exams compare to the GMAT in terms of analytical difficulty?

May 9, 2013
Esuric:

How do the CFA exams compare to the GMAT in terms of analytical difficulty?

Depends how smart your are.... after all the difficulty of questions in the GMAT can be quite easy if your dumb ;).... Seriously though I think GMAT questions are going to be more difficult. On the harder GMAT questions you will find a lot of "tricks" that require more thorough analysis. Most of the questions on CFA exams are fairly straight forward. Almost every question will require some analytical thought, but not to the degree of difficulty you will find on some of the more difficult GMAT questions. Out of 100 questions on the CFA exam I think you would likely find just 2 or 3 that were quite tricky. Most of it comes down to either knowing the material or not. I would compare the two this way, every problem on the CFA exam will require a moderate level of analytical difficulty whereas problems on the GMAT will range from hardly no analytical difficult to extreme analytical difficulty. Hoping to crack 700 this winter.

Jun 2, 2013
Esuric:

How do the CFA exams compare to the GMAT in terms of analytical difficulty?

I got a 700+ easily with 2 weeks prep, but have put in over 1000 hours for level 2 which I just sat for the 4th time. To each their own

Jun 2, 2013
Esuric:

How do the CFA exams compare to the GMAT in terms of analytical difficulty?

I would say that the CFA is tougher than the GMAT. Think about how thick the study material is for both exams.

May 9, 2013

The PM seemed too easy....done in 1 hour and 45 min.....

May 9, 2013

@unforseen: around same. I know I left before 4.

May 9, 2013
Unforseen:

The PM seemed too easy....done in 1 hour and 45 min.....

Agreed. I stayed the whole 3 hours and did the whole thing twice!

May 9, 2013

I thought AM was overall not that bad. I am frightened to see how PM turned out though. If I had to guess I bet I bombed at least two item sets for sure in the pm and you could probably throw another one or two that I think I did good on as well. Hopefully the morning PM questions will bail me out..... so happy to be done with this for now though!

Jun 2, 2013

He wasn't asking about overall difficulty but analytical difficulty. What's hard about the cfa is the amount of material, not the actual material.

Feb 9, 2014

Bumping this out of hatred for the exam. Wasn't able to sit the exam last year, so bored of this already.

May 9, 2013
Oreos:

Bumping this out of hatred for the exam. Wasn't able to sit the exam last year, so bored of this already.

I passed it last year, it feels so fucking sweet not to have to study for it this spring. Sucks to be you man.
I'll probably be going out for drinks every evening in those sweet sweet sweet summer days. While the sun is shining and the breeze is breezing; I'll raise my toast for my passed achievement, and throw a drop on the ground for all you poor souls having to waste your precious spring days on it!

Feb 9, 2014
Disjoint:
Oreos:

Bumping this out of hatred for the exam. Wasn't able to sit the exam last year, so bored of this already.

I passed it last year, it feels so fucking sweet not to have to study for it this spring. Sucks to be you man.

I'll probably be going out for drinks every evening in those sweet sweet sweet summer days. While the sun is shining and the breeze is breezing; I'll raise my toast for my passed achievement, and throw a drop on the ground for all you poor souls having to waste your precious spring days on it!

Haha, you bastard.

A mixed blessing of being in London is that I'm not likely to miss out on a whole lot of nice weather.

Feb 11, 2014

You sitting for L1?

edit: just remembered this was L3 thread, woops.

Mar 15, 2015

I'm sitting for L3 in June and can't stomach even opening up my schweser books. L3 material is soooooo f***** boring I just want to shoot myself in the face everytime I start reading about ALM or Mr.Jones' retirement needs... I fear there's not enough adderall on this planet to keep my eyes from glazing over with this material. Any advice in overcoming L3 malaise from those who have knocked it out? L3 curriculum is so absurdly boring it's like a war crime that should be outlawed by the Geneva convention..

Mar 16, 2015

The lack of motivation after L2 was the hardest part of L3 for me. Every day I struggled with it. I have no advice but to keep the light at the end of the tunnel in sight. You've been through two exams and they suck. You now have one left and it's possible it could be your last. I didn't want to retake L3 under any circumstances so I begrudgingly logged the time and learned what I needed to pass.

You're so close to being able to put the CFA program behind you - don't let lack of motivation be your downfall.

May 16, 2017

Bumping this.
As stated numerous times in this thread...lvl 3 sucks.
I want this shit done

May 16, 2017

I'm feeling the exact same thing. Only a few more weeks and this sh*t is done.

May 16, 2017

Just about 2 more weeks before I never take another CFA exam...I can see freedom

May 23, 2017

I passed all levels on first attempt and found level 3 to be the easiest level. Took level 3 in 2015. The written portion is the only thing that makes it challenging, but the amount of material to study is much less than level one or two (try stacking your level 3 Schweiser material next to your level one or level two material--level 3 is like 1/2 as high as each of the others). For the written portion just stick to bullet points of a few sentences each and show your work. People I know failed because their answers were them basically just vomiting every piece of information they had memorized onto the page without really answering the question. Wish you all the best of luck.

May 9, 2013
Oreos:

This CFA lark just isn't fun anymore. The brevity and lack of real world application / foundation has really hit a limit on me.

Someone give me strength! Any L3s out there hitting the same wall?

A lot of level 3 is WM oriented, which sucks. It will give you a good understanding of the major institutional investor types though. I honestly don't even remember what else was on the test, and I just took it last June.

You're almost there, and be thankful that this one isn't nearly as hard as the last one (don't get me wrong though, it's way more challenging than L1).

If you're hitting a wall just try to remember what Memorial Day weekend used to be like before the CFA ruined it (if you're US based, which I seem to recall you aren't, but w/e).

Feb 9, 2014
duffmt6:

A lot of level 3 is WM oriented, which sucks. It will give you a good understanding of the major institutional investor types though. I honestly don't even remember what else was on the test, and I just took it last June.

You're almost there, and be thankful that this one isn't nearly as hard as the last one (don't get me wrong though, it's way more challenging than L1).

If you're hitting a wall just try to remember what Memorial Day weekend used to be like before the CFA ruined it (if you're US based, which I seem to recall you aren't, but w/e).

you're right, the almost there thing has to be my focus of motivation.

i've found the initial pension elements actually quite good. i'm now wading through capital market expectations and forecasting which is unequivocally awful, on every level. one question, who ever thought the Fed model (ie, earning yield over 10yr treasury yield) was good for anything...jezus christ!!!

FrankD'anconia:

I've hit that L2 wall if that helps, lmao.

L2 is useful. keep plugging. and unless you had more than one attempt at L1 you're still quite fresh.

May 23, 2017

I've hit that L2 wall if that helps, lmao. Really hard to stay motivated when A) it is unclear if anything good will ever even come out of your completion of the program, and B) you realize you're essentially just force feeding yourself info to pass a test that beyond that, has minimal real world applicability.

All I can suggest is keeping your head down and nose to the grind, and forcing all negative thoughts out of your head. It's way easier to grind when you're completely sold it's gonna be a game changer, lol.

May 23, 2017

Same situation here. Plodding through L3 and despising it. L2, as tricky as it was, was at least satisfying from a learning and real world application point of view - you come away from it really knowing your accounting shiz (until the moment you step out of the exam hall and your mind auto-deletes it all). L3 is just so wishy washy. It doesn't feel like you're learning anything and the syllabus is just goin over and over common sense statements.

Finished 2nd book this morning and about to set to work on Fixed Income tomorrow. Miserable.

May 23, 2017

This is why I quit studying this stuff! Good luck and hope you pull through!

May 23, 2017

Oops, looks like I completely missed the point of this post, lol. Although there is def something to be said of struggling to stay motivated when the benefits of the program are shady AT BEST (and that applies to L1, L2 and L3 obviously).

May 23, 2017

i already regret signing up and wish i spent the extra time studying putting in more work at work

May 23, 2017

Started studying for L2 a little over a month ago, and there is a lot going on. I'm not feeling great about it to be honest. But, I always figured, "hey, at least after L2 you get to take L3 and, I mean, how bad can it be?"

Apparently, all the "difficult" bullshit is replaced with "annoying" bullshit. Ugh.

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

May 10, 2013

I completely agree. What I'm reading isn't that difficult, but it's just repetitive common sense shit that takes forever to read, and they will probably ask bullshit questions about it. Though I don't find the program to be the golden ticket I thought it was originally, passing level 2 did help me significantly in getting a good job, so I can't discount that at all.

May 9, 2013

A bunch of complainers in this thread.

CFA material is full of topics you probably despise, find bullshit, its hard for you, etc. Take it for what it is; enjoy the parts you are interested in, hammer through the parts you don't like.

May 23, 2017

I hated the portfolio managment shit. BUT... the nice thing about level III is that you're guarenteed a big question on portfolio management in the written section. You know it's there, be ready for it, you should be guarenteed a great score on this question.

Even 18-24 months after, RRTTLLU is still stuck in my head.

May 23, 2017

I took level 3 last year. Not a lot of people knew this, but the CFA Institute has available past exams and answer key for free on their website for like the last 5 years. So I hammered out each exam twice, especially the portfolio question so formatting and answering came naturally.

Jun 2, 2013
sadboy:

I took level 3 last year. Not a lot of people knew this, but the CFA Institute has available past exams and answer key for free on their website for like the last 5 years. So I hammered out each exam twice, especially the portfolio question so formatting and answering came naturally.

sadboy you mean old mocks, or ACTUAL exams that were administered? There's a big difference.

May 23, 2017
sadboy:

I took level 3 last year. Not a lot of people knew this, but the CFA Institute has available past exams and answer key for free on their website for like the last 5 years. So I hammered out each exam twice, especially the portfolio question so formatting and answering came naturally.

Can you send me the link please? I cant seem to find it.

Thank!

May 23, 2017
sadboy:

I took level 3 last year. Not a lot of people knew this, but the CFA Institute has available past exams and answer key for free on their website for like the last 5 years. So I hammered out each exam twice, especially the portfolio question so formatting and answering came naturally.

This. I took and passed L3 last year. I did the old morning exams a few times each. It really helps you understand how they go about testing the material. Plus, it also helps you be able to refine your answers to save time for other areas on the exam.

May 23, 2017

Suck it up like the rest of us and be grateful you got through L2!!! Level 3 also weeds out a lot of quantitative people who have a hard time bringing all the concepts together, which is arguably the most important part of the studying.

May 23, 2017

i posted the analystforum link, i think its in there somewhere. i took it last year so i dont have it anymore and would like to wash my hands clean of the CFA. but everytime i see the letters i am drawn to them....

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May 23, 2017

Mad burnout at L3 it seems.

Just get it done- no point in half assing anything.

Feb 9, 2014
ThetaHedge:

Mad burnout at L3 it seems.

Just get it done- no point in half assing anything.

wow, why didn't we think of that before? thank you, truly, thank you for your insight.

no one here is saying they're slacking off, no one is half arsing anything. we're just stating that it's bullshit. that okay?

Feb 9, 2014

Sitrep: hating life

Jan 4, 2019

Boys, reviving this thread.

Going for the L3 in June after passing 1 in december 2017 and 2 last june. I'm fried honestly and want to go overkill on this one so I don't have to look at another CFA book in my life. Any useful tips? Planning on starting next Monday and giving myself 2 months for practice exams this time...

May 9, 2013

If you are ready to go hardcore on it - use the official CFA book to study, I actually enjoyed it a lot more and then use the Kaplan practice exam and questions. Although that was 5 years ago when I took it (thanks for liking my old comment above, brought me down memory lane).

Level 3 was a lot more interesting and applicable to your every day life I thought (wealth management) that's essentially what the bulk of it is.

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Jan 4, 2019

Thanks for the feedback @Disjoint. I actually started to read the CFA curriculum last week and it's just so blend to me... I might go for IFT premium package instead which is solely focused on the CFA curriculum (videos and notes). I've used schweser for 1 and 2, and it was great but I've been warned to not use it for lvl 3.

Jan 7, 2019

I'm on L2 - I used Schweser for L1 and just stumbled upon Bloomberg Prep, does anyone have insight on the quality of Bloomberg relative to Schweser... I'm nervous to take the risk of switching.

Jan 4, 2019

Don't sweat it. for 1 and 2 schweser is a killer. 3 is more open for interpretation on which prep to use.