Hi All,
Can anyone please comment what is the minimum amount of time required to clear Level III. I passed Level II Exam this June and due to some tight schedules ahead, I will get only a couple of months in April and May to study. I know the amount of time required varies from individual to individual. Just wanted to check whether there are folks who studied this less and still cleared the LIII paper.
Thanks in advance.
Six hours.
At a minimum, you have to sit for the exam.
LOL!!
I was in grad school at one of the fancier places, had a classmate who started studying around mid April, then he put in almost 10 hrs per day in May straight until exam day and he passed. I must say, he was very academically inclined.
Then again, that is his side of the story, I have no way to validate it.
If you are a wealth manager, a portfolio manager, an investment advisor, an investment banker, a senior finance analyst with 10 year experience in wealth management and use all kind of products (fixed rent, variable rent, derivatives, structured assets, real estate, etc); you may pass the exam with little study. If not, it will just be a gamble.
Good luck mate.
Gamble. You need 4 to 6 months of dedication on this stuff.
That was sarcastic Magician! 
You are a true genius in this field. Will be needing your help throughout my preparation
If you are a wealth manager, a portfolio manager, an investment advisor, an investment banker, a senior finance analyst with 10 year experience in wealth management and use all kind of products (fixed rent, variable rent, derivatives, structured assets, real estate, etc); you may pass the exam with little study. If not, it will just be a gamble.
Good luck mate.
Thanks for your response:) I have one month of time in August. So, will try get a start now in this month and then move on further from there in April.
Go fast and accurate, hope you can make it. Good luck mate.
Just going through 6 full mocks, and all the online topic tests might take 100 hours including the time it takes to review the answers… maybe about 100 to quickly read full curriculum and do all EOC/BB … so 200 hours minimum for someone that has an above average IQ and quick learner
For me, and for anyone with similar IQ and experience, I would say 600 hrs. Either I would finish them in one year (for first attempt) or extend it for the following year for next attempt. - This is reality for me.
you should start late of August, give yourself time to read and re-read the materials and master it, and by late of march you should start revision as you said you won’t have much time in April and May.
You should start as early as possible.
Take it 2-3 hours per day.
Make sure you read Schweser notes 3 times and also make your personal notes.
Spend the last two weeks on grinding past AM papers, online topic tests (I didnt have enough time to do this) and of course mock exam for that year.
That’s basically what I did. Let’s see if it would pay off on 9 August!
well, 10 hours a day for May is 300 hours, plus some in April. There is also something to be said about consolidating the studying and not stretching over half a year, if you are able to. possible.
I disagree. Regardless of your exposure to various products or years and years of experience, I would not say “little study” would suffice for anyone. The curriculum is very specific and detailed in a wide range of areas for that to be true.
I’d just skip, assuming the April and May time constraints are non-recurring. Not something one can wing in my opinion. Only to detect any possible trick that might be planted in the exam requires intimate knowledge of the material and sufficient practice time. I’m in the 500+ hours CFAI-only camp, and cannot say I passed for sure.
I passed exam 2 with two weeks of studying. That was full time though, 12+ hours a day. For exam 3 I did three weeks. In some ways it’s better, since there’s less time to forget, but 2-3 hours a day for longer would be a better approach. It just wasn’t possible for me to do it that way.
I also have a lot of experience in the topics and these types of exams.
Who would study 10 hours a day for 30 days and some more in April? I can’t study 30 minutes straight bro.
Please give a real advice…
Let me guess… you did L1 in one week.
Well, maybe the experience.
Do not believe in such Cinderalla stories. People say such things while drunk. If you have full time job then least amount of time l think ‘may’ get you pass is dedicated study of atleast 3 months 4-5 hours weekdays and 20 hours weekends. CFA is not get-pass-quick thing–like there’s no get-rich-quick things in real life, except in very few and exceptional cases.