2025 Level III Mock Exam #1

Description

If you’re looking to practice and assess your skill on the 2024 Level III CFA® morning and afternoon exams, look no further. Bill has written some of the most widely praised Level III mock exams, and continues to do so in 2025.

This is the first of five 2025 Level III full mock exams (morning and afternoon sessions) in a format that approximates the CBT format: essay (constructed response) and multiple choice questions in each session (morning and afternoon).  Ultimately, there will be three versions of this exam: one for each pathway (Portfolio Management, Private Markets, and Private Wealth).  The Private Wealth version is still in the works.

When you purchase the exam you will be able to download eight .pdf files for each pathway:

1. AM exam case studies (vignettes)

2. AM questions, which are editable .pdf files so that you can answer the questions onscreen, much as you will do on the real exam

3. AM full guideline answers for the essay (constructed response) questions (à la published CFA Level III morning exams and guideline answers through 2018), and full explanations for the multiple choice questions: why the correct answers are correct, and why the incorrect answers are incorrect

4. AM short answers: the minimum you need to write to get full marks for each essay (constructed response) question

5. PM exam case studies

6. PM questions

7. PM full guideline answers

8. PM short answers

(Note: marking sessions are sold separately.)