I sat for the level 3 in Boston. I saw a significant age difference between levels 1 and 3. I would estimate the average age of a level 1 candidate to be 26. There were a couple hundred level 3 candidates and I would guess the average age was around 37 or 38. Very few 20 somethingās in my area. Lots of grey sideburns.just as many mid 50ās as mid 20ās if not more.
The exam I recall most vividly was Level II: we had to write out financial statements (P&L, balance sheet, cash flow statement) on a blank sheet. No multiple choice.
The one thing I recall most vividly about Level III was having to write out a recommended asset allocation for a client. None of this choose one of these four possible allocations and justify it drivel.
You mean three possible allocations Honestly I prefer to get a blank piece of paper and and write out a full IPS for a client and recommend an asset allocationā¦I do that on daily basisā¦that being said the sheer number of people writing this thing now would mean 12 months to get your mark backā¦which still be quicker than a decade of trying to get over the L3 hurdle (7 years break in there but still).