Calibration
Ten essays. Two answers each. See how the grader separates them.
We wrote a deliberately weak and a deliberately strong answer for five CFA Level III essay questions across Fixed Income, Derivatives, Private Wealth, Equity, and Ethics. Every one of the ten answers below was graded by the same engine that grades your essay. No edits, no cherry-picking. The score gap is the calibration signal: if EssayMark can't tell a 30% answer from a 90% answer, neither can a CFA grader.
Avg weak score
37%
across 5 weak answers
Avg strong score
88%
across 5 strong answers
Average gap
52 pts
weak vs strong
Fixed Income
Helena Park, CFA, manages a USD 480 million tax-exempt sovereign-bond portfolio benchmarked to the Bloomberg U…
Weak
4/12
33%
Strong
11/12
92%
58 pt gap
Derivatives
Marc Devereaux, CFA, manages an equity portfolio that holds 100,000 shares of Aurelia Corp, currently trading …
Weak
7/12
58%
Strong
11/12
92%
33 pt gap
Private Wealth
Renate Holm (age 67, US resident, widow) has a $14.0 million estate: $9.2m in a taxable brokerage account (cos…
Weak
4/12
33%
Strong
10/12
83%
50 pt gap
Equity
The investment committee of Brentwood University Endowment ($2.4 billion) currently allocates 55% of its publi…
Weak
3/12
25%
Strong
11/12
92%
67 pt gap
Ethics
Daniel Okafor, CFA, is a portfolio manager at Lakeshore Capital, a long-only equity manager. After a routine i…
Weak
4/12
33%
Strong
10/12
83%
50 pt gap