The objective of this course is to give the participants a very intensive preparation for the 2004 AIMR CFA® Level 3 examination. In this course, most weight will be given to Asset Valuation (30-40% weighting at the 2004 exam) and Portfolio Management (40%-60%). However, Ethical and Professional Standards, Quantitative Methods for Portfolio Management, and Economics for Portfolio Management will also be covered. Portfolio Management includes asset allocation, derivatives and risk management topics such as "Value-at-Risk". The final program will closely reflect the 2004 curriculum. The 2004 Level 3 examination will consist of 50 percent essay/short answer questions or problems (morning session) and 50 percent item set/multiple choice (afternoon session). Therefore, a major objective of this crash course is to train the participants in both of these question formats. The course is designed as a number of fast-paced classroom presentations of approx. 1-2 hours followed by multiple choice quizzes and short essay questions. Participants will be provided with very useful practical guideline solutions at the end of the course. Historical evidence confirms that this CFA Level 3 Crash Course significantly improves the chances of passing the official examination successfully. However, participation in this course will not by itself be sufficient preparation for the exam. Participants will be expected to have studied carefully the CFA® curriculum materials prior to this course!
