Whoever said L3 is easier than L2 is full of it

Looking at it logically, any exam with three levels. The difficulty I thought would always be ascending.. People writing each level have cleared the previous level, so its more stiffer competition as you go up the levels. Atleast thats how I felt.
And my first failure came in level 3 last year with a band 10 - thank god I crossed it this time around :)
 
just registered and downloaded the ebook. The cirriculum does look much less than level 2. We will see how hard it can be.
 
the_tank wrote:
just registered and downloaded the ebook. The cirriculum does look much less than level 2. We will see how hard it can be.
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You’re in for a surprise. Trust me.
 
Greenman72 wrote:
S2000magician wrote:
itera wrote:4 year bump?
L3 is not easier than L2. enough said
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Perhaps you missed the fact that L3 has fewer pages than L2.
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true. And page count is usually the best predictor of difficulty level.
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And maybe you were too and I look stupid lol
 
The pass rates thing is BS. Only L2 passers take L3, so you need to look at it cumulatively. The number of L2 writers that will pass L3 first go is <25%.
 
L3 is significantly tougher than L 2 because of the integrated nature of topics. Plus the AM exam is different in nature and the exam questions seem to be structured in a way that you have to read “between the lines.” That adds to the pressure of the AM exam. And again the syllabus is so integrated it is very difficult to judge what question you may face on the exam. A solid preparation effort is required for L3, period.
 
RahulMulchandani wrote:Plus the AM exam … questions seem to be structured in a way that you have to read “between the lines.”
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What does this mean?
Here are some (slightly paraphrased) questions from the 2013 AM session. Please explain where you have to read “between the lines”:
  • Determine the nominal after-tax required rate of return for the coming year.
  • Provide two reasons that tax regulations favor an immediate gift rather than a bequest.
  • Calculate the annual GDP growth rate using the Cobb-Douglas production function.
  • Explain the effect of the yield curve shift on the economic surplus.
 
^ I’m with magician. You only need to read between the lines if you have a reading comprehension problem. It’s a fair test.
 
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