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Hi @surangasa!
After reading the first part of your post, I was also thinking the same thing – that Level 3 will bring it all together (or start to anyway). Level 3 focuses on the practical applications of investment management, going through case studies and examples, and you’ll start to see how learning the concepts in L1, practicing them in L2 combine in L3 to create an investment management skillset.
Just like learning how to create a car starts with learning math, thermodynamics, material science etc, it can all seem disjointed and unrelated until you start bringing them together. In L2 they start interconnecting, and in L3 they all combine.