Insufficient practice The key to passing any level of the CFA exam is to practice as many questions as possible. The main problem is that, even with good technical knowledge, if you haven't practiced enough questions, you'll have difficulty applying your knowledge to exam-based questions. I think the main reason people don't pass level III is because they get fewer points than the minimum passing score. I myself was about to fail for the first reason mentioned above and I remembered the words of Andy Holmes when drafting the CFA L2. The bad news is that level I is becoming a necessary condition for some financial positions, but this doesn't mean Let it be enough.
Even if you know that one of the reasons that could cause you not to pass the exam is to do too few exercises, you can't change it during the exam. Working on the sections covered in the exams, in my case of economics, is usually a disadvantage for the section in question, since the CFA version of the topic is usually different from the one used in real life (I have always obtained the lowest score in the economics section). The CFA Institute is not immune to the distress of the tens of thousands of people who take their exams only to fail them over and over again. If you want to pass the CFA exams, you can't presume that what you studied for an exam postponed a few months Before that was enough, Wiese said.
A charterer (who undoubtedly passed all three exams for the first time) says that failing is actually an advantage in life. One candidate stated that he had a strategy for answering level I questions, which consisted of focusing first on 50% of the questions that could definitely be answered correctly. Today's results from the November Level III CFA suggest that, at least, the incessant decline in the approval rate has stopped. One candidate told us that he had passed CFA level I after studying only 30 hours and spending half of the time allotted to the exam.
The CFA Institute does not publish the passing scores of its exams (which vary in any case), but it is believed that the passing score for CFA level I is around 70%. I ask level 3 candidates, university degree holders and all people who have studied the L3 format or know the L3 format well enough to give us their opinion on the various reasons that could lead to a level 3 failure. I just received the results and, as the title says, I failed the level 3 exam for the second time and, unlike the first time I took it, I came out of the exam with a lot of confidence. The CFA Institute's own study materials are a necessary but not sufficient source of information to pass the institute's exams.
I took and passed Level II in May and then went straight to Level III with only a few months to prepare.