Analyze_This

rolo550 Wrote:
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> minutes"...is that all the space we get? I mean,
> I can squeeze it in, but it definitely doesn't
> allow for anything but a bulleted response...


The term "essay" is a misnomer when applied to the L3 exam. Your responses should not look anything like a essay.

Here is what the CFAI says:


THE FOLLOWING ARE SOME GENERAL TIPS FOR LEVEL III CANDIDATES ON THE ESSAY EXAM:

* THE PUBLISHED GUIDELINE ANSWERS ON PAST ESSAY EXAMS ARE MORE COMPLETE AND BETTER WRITTEN THAN ACTUAL EXAM ANSWERS THAT RECEIVE FULL CREDIT.

* ANSWERS ARE GRADED ONLY ON CONTENT. THEY ARE NOT GRADED FOR LANGUAGE AND STYLE.

* USE SHORT PHRASES AND BULLET POINTS TO SAVE TIME, BUT BE SURE YOUR MEANING IS CLEAR.

* DO NOT SPEND TOO MUCH TIME WRITING AN ANSWER. FORMULATE A DIRECT RESPONSE TO THE COMMAND WORDS, AND USE THE AMOUNT OF TIME ALLOTTED.