This is the last of three exams offered by the CFA Institute (formerly the Association for Investment Management and Research (AIMR)). This exam (in addition to other requirements) must be passed for an individual to become a CFA chartholder. The CFA Program is a globally recognized standard for measuring the competence and integrity of financial analysts. Level III explores portfolio management in great depth. You must demonstrate a working knowledge of the portfolio management process, from calculating investor constraints, objectives, and capital-market expectations to making asset-allocation decisions.
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I am currently 23 year old chemical engineer working for a gold mining company in South Africa. This year is my first year working full time after completeing my engineering degree. It hasnt taken me long to realize that plant life or any other hardcore industrial hands on job is not what i want to do for the rest of my life. The engineering degree was a great intellectual challange and now I find myself faced with daily production work which is down right boring. To make matters worse i would probably have to wait for someone to pass away before the oppertunity for promotion will arise.
Schweser notes is all you need for level one. If you're really on a budget you can find them online. Make sure you get the Q bank in addition to the test. Study actively by reading the sections carefully and then doing lots of practice questions to really understand and retain the concepts. You should study for 200-300 hours as mentioned, the amount of hours will depend on how quickly you retain the material and read/study in general. Once you can consistently score above 80% on most of the sections and on a practice test you are good to go.