compared with level 1 and level 2, CFA level 3 test sites are more comprehensive and comprehensive. Experience tells us that, especially for candidates in China, if one set of Study notes can cope with passing the exam when taking the first grade exam, and the learning method of Study notes plus original textbooks can cope with the exam when taking the second grade exam, then it is not effective to rely on Study notes when taking the third grade CFA exam. Because of the coverage of the third-level test sites, especially the subjective questions in the morning, the test sites are sometimes unpopular and emphasize comprehensive ability.
In the early CFA Level 3 exam, the examinee chose the answer according to the requirements. However, with the development of the financial industry, the problems to be dealt with are becoming more and more complicated, and it is no longer possible to meet the requirements of the financial industry by providing the single-choice answer. The examination will become more and more difficult, and there will be more problems to be weighed, which is why CFA holders are required to mark the CFA Level 3 exam. CFA Level 3 exam has no final answer, only better answers or better investment decisions.
the strengthening method of level 3 * * is not to practice writing, but to be familiar with the fixed mode of IPS: remember the standard answers of previous exam questions and notes exercises, and refine them to every commonly used keyword. You should know that CFA Association will not deduct points for grammatical mistakes and spelling mistakes when grading, as long as you let him understand the key judgment and calculation logic, that is, score; This preparation combined with a correct understanding of the meaning of the question will have a good effect.
CFA Level 3 exam focuses on Portfolio management in terms of the proportion of questions. Because a large part of the traditional Asset valuation theory is also included in Portfolio Management at Level 3, the actual proportion of portfolio management is over 5%, which is the highlight of Level 3 exam, which is essentially different from Level 1 and Level 2, but each part is interrelated and has its own difficulties and emphases.
as mentioned above, the writing of IPS is the key. To achieve standardization and quick reaction, frankly speaking, this part is not difficult, and it requires familiarity, a large amount of reading during the exam, and a fast reading comprehension. Some formulas of Performance Evaluation are quite circuitous. To understand memory in combination with exercises, GIPS is included in Portfolio Management in the third level, and the amount of memory is huge. The main test method is to find out the discrepancies. It can be said that mastering Portfolio management is equal to half the success of the Level 3 exam.
Most candidates in the world use: just download the most complete information of CFA in 217-218 (the information includes the summary of CFA compulsory test sites, which is necessary to improve the efficiency of preparing for the exam and add extra points).
Suggestions for reviewing CFA Level 3 exams:
The real questions in the last 3-5 years should be thoroughly done
Please note that we are talking about thorough, not thorough, and thorough. In the process of doing it, on the one hand, we should be familiar with the thinking and logic of answering subjective questions, and more importantly, we should improve the methods of English routine writing. It is recommended to do it twice. After the first time, carefully study the answers given by the association, and then do it again.
Review according to the official textbook
This may be difficult for most people, mainly because they don't have enough time and can't grasp the key points. We should learn to skip large paragraphs of summary text and quickly locate and remember key knowledge points. In the review process, we should do a good job of induction and summary on the basis of understanding to improve the review efficiency.