So there are 4 topics that are worth “5-10%” on the exam: quant, econ, port mgmt and alt inv. 5-10 percent means they could account for 1/20 item sets, or even 2/10.
My question to the forum is simply this: Lets say that in the interest of time I wanted to “punt” one of them so as to not worry about memorizing forumals and concept. Which one of them do you guys think has the LEAST PROBABILITY of showing up in TWO item sets, instead of the customary ONE?
one could argue that with PM being such a large component of level III, test writers want to hammer us on other things. The time will come for PM to take us out back, just don’t think it’s going to be this June.
Or I’ve heard the unofficial theory thrown around that topics that have significant revisions tend to get tested heavier the year following the update. If there’s any truth to that, PM may be lighter this year (and heavier in 2017) and Fixed Income may wreck our faces (updated in 2015, then ABS removed this year).
If I were to punt on any of the 5-10 categories it might be AI. Lots of places to pick up some theory points but many of the calculations are rather involved (NAVPS, FFO, Private Equity, Venture Capital NPV and IRR, etc). Not hard stuff, but lots of bits to remember when our brains are already bursting at the seams. Econ gets a close second for me (Cobb-Douglas can get bent).