Mercury becomes pioneer to comprehensive revision course for level 3 of CFA
Friday, 10 October 2014 09:46
-
- {{hitsCtrl.values.hits}}
The CFA Level III exam is the last in the series of three exams conducted by the CFA Institute. Coupled with at least 48 months of relevant work experience, successful completion of the final level yields a charter membership. While the first two levels revolved around basic financial knowledge, investment valuation comprehension and the application of both, the CFA Level III exam focuses on portfolio management and wealth planning and also covers seven topics that are grouped into two other areas, namely, Ethical and Professional Standards and Asset Classes.
The Level III exam is considerably one of the tougher exams for the CFA, as many of the questions are posed in essay format. The key to success is to practice as many essay type questions as possible and master topics specifically related to portfolio management, which is at the heart of this exam.
The format of the exam, which is only offered in June, is a mix of item set questions (similar to Level II) and essay type questions. These questions may provide you with a situation and ask you to develop your own recommendation or solution. The next session, will include 10 item sets with each item set consisting of a case statement followed by six multiple-choice questions. The exam is graded for 360 points, which corresponds to one point per minute.
Taking into consideration the challenging aspects of this exam, the Mercury Institute of Management as the pioneers in bringing tuition for the prestigious Chartered Financial Analyst (CFA) qualification to Sri Lankan students, will commences the CFA Level 3 program for candidates facing June 2015 exams.
Commencing in the first week of April 2015 classes will be conducted on weekend for the convenience of candidates, most of whom are working professionals currently holding responsible positions in their respective fields of work.
With Mercury’s size controlled classes that provide one-to-one learning programs for students, which in turn aids them in terms of receiving focused lecturer attention , their teaching methods adopted includes a structured approach in gearing students for exam success such as, full coverage of syllabus, followed by revision at the end of each session.
All areas in the curriculum such as Ethical and Professional Standards, Alternative Investments, Derivatives, Equity Investments, Fixed Income and Portfolio Management and Wealth Planning willbe specifically addressed via a question and answer (Q&A) approach including theoretical knowledge being discussed as well. It will cover over 80 hours of revision, which will be conducted by a competent panel of lecturers that consist of Saminda Weerasinghe CFA, Buwaneka Bandara CFA, and Jeewanthi Malagala CFA who all come from a CFA background and are experienced personnel from the industry.
Speaking of the program, Mercury Institute Business Development Manager Thilina Ukwatta stated, “Due to the increase a larger number of candidates completing Level 2 of CFA in Sri Lanka, we thought of completing the vacuum by initiating a revision program for Level 3.” Mercury welcomes all Level 3 candidates for the Level 3 revision. More information can be achieved via [email protected].
