Failed twice L3

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sunseeker

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After all my efforts, Two years in a row failing level III
I wonder whether it does make sense to continue with it.
I studied and practiced for months and months for a Band 6.
disappointing, really disappointing. Dont really know now.
Any thoughts?
tks
 
Let me know what else we can do if you find out, I can’t imagine if I can be more prepared than last time ever…..
 
if you share you study approach, it would be easy to give some pointed suggestions
 
I did study the entire CV twice, created summaries and taken a lot of practice tests (20 days every day 9h at least.
Don’t really understand.
 
That’s right never say die!! Don’t rest until you got CFA on the tombstone
 
How did you take nine hours of practice tests every day, for 20 days? Would that be 30 total practice exams? Doesn’t sound right. I would suggest one practice test in a day, in real conditions - three hours with no interruptions, 1-2 hour break, then the afternoon three hours. Then review - I spent a full week reviewing each practice exam, and made flash cards for each thing I didn’t know, and drilled on those in between practice tests. How were your scores on the practice tests compared with the real thing?
Also, how were your scores on AM vs. PM (on the real exam)? Did you have enough time to finish?
 
Doing 1000 practice tests won’t help you if you don’t learn anything from it. The answer guidelines are one of the best ways to study for the exam. Even for questions you got correctly, read the answers to the practice exams and see if you really understood the question. As for the wrong questions, if you have trouble in the same sections repeatedly, go re-read that section on Schweser or CFAI or whichever material you studied from.
 
i failed twice and passed on my 3rd try. Try to aim for 80% when doing afternoon practice exam questions, so even if you score 60% in the morning practice exam, you can still get a pass.
Thats my approach.
All the best!
 
nk1018 wrote:
Doing 1000 practice tests won’t help you if you don’t learn anything from it. The answer guidelines are one of the best ways to study for the exam. Even for questions you got correctly, read the answers to the practice exams and see if you really understood the question. As for the wrong questions, if you have trouble in the same sections repeatedly, go re-read that section on Schweser or CFAI or whichever material you studied from.
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endorsed
 
My history:
Level 1 - failed once
Level 2 - falied twice
Level 3 - failed twice
Keep going if you really want it.
 
I feel you brother.
Do you think bad hand writing or gramatical mistake can cause the fail?
They really should think some other approach to test the AM section
 
Probably just need more targetted studying…do analysis on your weak sections and work on those inbetween tests…as was mentioned before. I passed all 3 on first tries but I know people who took multiple tries to pass but eventually finished. I know someone who took level 1 once, level 2 twice, and level 3 three times before finally obtaining the charter.
 
keep going but find a new strategy. I found L3 very practical, and couldn’t have done it without study mates in equity research and asset management explaning to me using read-world language (I explained to them the economics and fixed income parts from my own knowledge accumulated through years of personal trading and Economist/FT reading too)
You should be proud of yourself for trying so hard. Keep going.
 
I failed twice and passed on my third attempt. Don’t give up you’ve already reached too far. :)
 
I was used to take 6 hours exam (3 + 3) + 2/3 hours to review in depth all the questions.
I did learn by heart all the key words for the PM (indv / Inst) and while I was absolutely sure to have well performed in those sections I got very bad results. I mean How come that? I knew it by heart how to approach the item sets.
Question is now How else i can get ready for the exam in a different way than my past learning.
it’s simply “I have no clue” More than that :
“Why should I retake another try whether I would probably study exactly as I did in the past? I mean I don’t really know how differently approach the exam you see what i mean? I was sure than a tough practical period would have helped…
 
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