dsaroya Sayscan anyone tell me that-what does cfa l-2 and l-3 consist of ?as l-1 is basic and very in depth theory.
Level 1 is basics, no depth but they will cover nearly everything related to investments and markets. Although, Level 1 will give more investments related knowledge than MBA Finance, but don't expect much opportunities after just Level 1 unless you are a CA. Only thing in detail here is accounting.
level 2 is your moment of truth, They will cover nearly everything possible to make you a Research analyst. It covers full econometrics, derivatives, accounting and obviously equity and debt valuation you will ever need to become a research analyst. Frankly, they don't leave "anything", course is huge, much more then Level 1.
Level 3 is truely time paas, your are done with CFA once you passed level 2.
What I have seen is that; while level 1 is not much value added to your Resume, but level 2 makes the significant difference, and level 3 is marginal value addition after that.
point is, CFA is basically level 2, and I'm hopefully becoming level 2 pass next month
also level 1 is good for engineers (like me), I landed up in quant job with it