Understanding the Structure of the Morning Essay on CFA L3
CFA Level 3 test takers often dread the morning essay section of the test. Some of this is for good reason. After all, the morning section represents a clear departure from the multiple choice formats of both Level 1 and Level 2. Now for the first time the test takers are clearly asking for candidates to apply knowledge and link together different subject areas rather than looking for a specific answer. That makes it harder to fake knowledge or get partial points through guessing.