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Start aside downloading the late exam questions and guideline answers and reading the tips for taking the essay exam fashionable the candidate resources section of the cfa institute website.
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How are answers graded in a CFA essay?
Answers are graded on content only. They are not graded for language, style and certainly not for length. The examiners will indicate the number of factors in each question. For example, if 3 factors are required, you don’t need to list more than 3. Any further points, no matter how good they are, will be considered irrelevant and not graded.
What does CR mean on the CFA exam?
If you’re not familiar with the term CR, we mean the constructed response half of the exam, sometimes called essay, but essay is a very broad term. CR is much more specific than the broad statement essay, and you’ll find out that CR is very widely used. So, we need to hone in on what does it mean in the context of the CFA exam.
Where can I download sample papers for CFA?
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.
What kind of questions are on CFA level III?
The morning session of the CFA Level III exam introduces a type of essay question called constructed response to test your ability to apply judgment (the afternoon session of the exam has more vignettes, and you can learn more about the exam format and more here ). These constructed response questions are open-ended.
Last Update: Oct 2021
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