Level III Mock Exams – a Comparison

Several candidates have asked my how my Level III mock exams compare to each other: which is hardest, which is easiest, and so on.

The short answer is that I tried to make them equally difficult, but each candidate will likely find the difficulty will vary from one exam to the next, based primarily on their own areas of strength and weakness.

However, the question did bring to mind an important idea: if a candidate wants to test their knowledge in particular topics, they should be able to choose an exam that covers most or all of those topics.  Heretofore, that would have been impossible.

But I can make the impossible possible: I have the technology.

So, here you go: the topic areas covered in each of my 2024 mock exams.  If you simply want to know the broad topics, simply look at the list of questions for each exam.  If you want to know the details of the topics covered on each exam question, hold your cursor over each question topic.  In the details, “CR” abbreviates “Constructed Response” (i.e., essay) and “MC” abbreviates “Multiple Choice”.

I hope that y’all find this useful.

 

2024 Exam 1

Morning Exam

Question	Topic
1	Portfolio Management – Fixed Income
2	Global Investment Performance Standards
3	Portfolio Management – Individual
4	Portfolio Management – Equity
5	Portfolio Management – Performance Evaluation
6	Portfolio Management – Alternative Investments
7	Portfolio Management – Derivatives
8	Portfolio Management – Economics
9	Asset Manager Code
10	Portfolio Management – Institutional
11	Portfolio Management – Economics & Asset Allocation

Afternoon Exam

Question	Topic
1	Portfolio Management – Equity
2	Portfolio Management – Trade Strategy and Execution
3	Portfolio Management – Asset Allocation
4	Ethical and Professional Standards
5	Portfolio Management – Alternative Investments
6	Portfolio Management – Fixed Income
7	Portfolio Management – Derivatives
8	Portfolio Management – Individual
9	Portfolio Management – Fixed Income
10	Portfolio Management – Individual
11	Portfolio Management – Performance Evaluation

 

2024 Exam 2

Morning Exam

Question	Topic
1	Ethical and Professional Standards
2	Portfolio Management – Alternative Investments
3	Portfolio Management – Trade Strategy and Execution
4	Portfolio Management – Asset Allocation
5	Global Investment Performance Standards
6	Portfolio Management – Economics
7	Portfolio Management – Fixed Income
8	Portfolio Management – Equity
9	Portfolio Management – Performance Evaluation
10	Portfolio Management – Derivatives
11	Portfolio Management – Economics & Asset Allocation

Afternoon Exam

Question	Topic
1	Portfolio Management – Institutional
2	Portfolio Management – Equity
3	Portfolio Management – Fixed Income
4	Portfolio Management – Institutional
5	Portfolio Management – Derivatives
6	Portfolio Management – Fixed Income
7	Portfolio Management – Individual
8	Global Investment Performance Standards
9	Portfolio Management – Performance Evaluation
10	Portfolio Management – Alternative Investments
11	Portfolio Management – Trade Strategy and Execution

 

2024 Exam 3

Morning Exam

Question	Topic
1	Global Investment Performance Standards
2	Portfolio Management – Economics
3	Portfolio Management – Fixed Income
4	Asset Manager Code
5	Portfolio Management – Derivatives
6	Portfolio Management – Alternative Investments
7	Portfolio Management – Individual
8	Portfolio Management – Performance Evaluation
9	Portfolio Management – Institutional
10	Portfolio Management – Equity
11	Portfolio Management – Fixed Income

Afternoon Exam

Question	Topic
1	Portfolio Management – Asset Allocation
2	Ethical and Professional Standards
3	Portfolio Management – Equity
4	Portfolio Management – Fixed Income
5	Portfolio Management – Institutional
6	Portfolio Management – Derivatives
7	Portfolio Management – Fixed Income
8	Portfolio Management – Economics & Asset Allocation
9	Portfolio Management – Individual
10	Portfolio Management – Performance Evaluation
11	Portfolio Management – Trade Strategy and Execution

 

2024 Exam 4

Morning Exam

Question	Topic
1	Portfolio Management – Alternative Investments
2	Portfolio Management – Institutional
3	Portfolio Management – Performance Evaluation
4	Ethical and Professional Standards
5	Portfolio Management – Trade Strategy and Execution
6	Portfolio Management – Economics & Asset Allocation
7	Portfolio Management – Fixed Income
8	Portfolio Management – Individual
9	Portfolio Management – Derivatives
10	Portfolio Management – Equity
11	Portfolio Management – Asset Allocation

Afternoon Exam

 

Question	Topic
1	Portfolio Management – Alternative Investments
2	Portfolio Management – Fixed Income
3	Portfolio Management – Equity
4	Portfolio Management – Institutional
5	Global Investment Performance Standards
6	Portfolio Management – Trade Strategy and Execution
7	Portfolio Management – Economics
8	Portfolio Management – Derivatives
9	Portfolio Management – Performance Evaluation
10	Portfolio Management – Individual
11	Portfolio Management – Fixed Income
12 (bonus)	Portfolio Management – Fixed Income

 

2024 Exam 5

Morning Exam

Question	Topic
1	Portfolio Management – Performance Evaluation
2	Global Investment Performance Standards
3	Portfolio Management – Trade Strategy and Execution
4	Portfolio Management – Derivatives
5	Portfolio Management – Fixed Income
6	Portfolio Management – Individual
7	Portfolio Management – Fixed Income
8	Portfolio Management – Equity
9	Portfolio Management – Economics
10	Portfolio Management – Alternative Investments
11	Ethical and Professional Standards

Afternoon Exam

Question	Topic
1	Portfolio Management – Institutional
2	Portfolio Management – Alternative Investments
3	Portfolio Management – Derivatives
4	Portfolio Management – Equity
5	Portfolio Management – Individual
6	Portfolio Management – Trade Strategy and Execution
7	Portfolio Management – Derivatives
8	Portfolio Management – Fixed Income
9	Ethical and Professional Standards
10	Portfolio Management – Equity
11	Portfolio Management – Performance Evaluation