As a recent CFA charterholder who passed each level on the first attempt, I can say that each point made is absolutely accuratebut would HEAVILY emphasize the first point made. Take two pieces of information: (1) “in June42% of candidates passed CFA Level I,46% passed Level II,54% passed CFA III” (2) Average hours spent studying: 283 hours (Level I), 313 hours (Level II), 324 hours (Level III) Given that the average candidate failed Levels I and II (and came close in Level III), and spent 307 hours studying their respective level, you can rest assured that you’ll want to take a great deal more than 300 hours to even have a shot at passing each on the first attempt.

1. Cfa Level 2 Formula Sheet
2. Cfa Level 2 Quicksheet Pdf Viewer Windows 10
3. Cfa Level 2 Quicksheet Pdf Viewer Software

Unless, of course, you have the utmost conviction that you are an above-average candidateas a disproportionate number will so believe. I meet all but reasons 3 and 8. I studied for about 8 hours, doing 2 modules of the online practice exam. I work full time, go to school full time, and have a new infant daughter born 6 months before the Level I exam.

Examples of Level II exam item set questions (PDF) Exam Grading and Results. Level II exam results are available within 60 days following your exam. Learn more about exam grading and see recent pass rates. Tips for Taking the Level II Exam. You may mark up your exam book. Circle or underline important information in the vignette and write down. Changes in 2016 Level III Curriculum: Level III Topics. 2) I opened the pdf files with nitro reader. 2) Practice doing as many relevant CFA exams as you can in the same setting as the actual exam (9-12, 2-5, timed - no breaks).

Expecting failure, I only showed up to take the exam because I had paid for it, live 2 miles from the test facility, and figured that I might as well take it to help guide my preparation for the re-exam I fully expected to have to take. I was quite shocked to get an email that I passed! Here are my tips: 1) Take intermediate accounting (2 courses at SeattleU).

There is so much accounting that I thought maybe I had accidentally sat down for the CPA exam. The fundamental level accounting class that everyone in business school takes (or is waived if you have a business undergrad) is woefully inadequate for what the exam covers. 2) Jump right into the practice exams and let them guide your studying. Don’t even try to read the CFA materials, which is a ridiculous volume.

Cfa Level 2 Formula Sheet

3) Definitely study the ethics module since you’re unlikely to have studied that in school and much of it is particular to the CFA. There are a lot of questions on this module. 4) I relied heavily on the technique of eliminating 1 or 2 answers, maybe even 3, and choose from what’s left.

If you can’t solve a problem but can eliminate 3 answers, you just got it right! Eliminate 2 answers and you have a 50/50 shot. I answered at least half the exam this way. #2 is so false. The opposite is true.

Cfa Level 2 Quicksheet Pdf Viewer Windows 10

CFA materials are the only way to go. I tried out tons of supplementary materials and they sucked so bad its not even funny compared to the official materials. I used: Wiley CFA prep course, Apptuto MCQ questions, Allen CFA prep, Analystnotes (the worst), schweser secret sauce (alright), BBP test bank (the best). All of the “supplementary” materials had practice questions that were totally different than the real CFA questions. They were filled with errors, typos, and incomplete answer solutions. BBP was the exception: error free, complete answers, and as close as you get to the wording, difficulty and format of the real CFA exam day questions. BUT if you do all the CFA EOC questions and website questions you will be fine.

Using “supplementary” sources does more harm than good unless you happened to pick the best one. Look, I know it’s virtually unheard of in the industry to have an element of humility, but perhaps it’s fair to say that maybe some people just aren’t smart enough? This would apply to every other qualification in the world, why not to aspiring financiers as well? The alternative is that EVERYONE is capable of passing, and that frankly devalues the qualification. Additionally, outside of its value as a signalling tool to demonstrate you are able to sit still and read boring books for hours, it would make it a complete waste of time (which is another perspective worth exploring. Yes I’m a charterholder).

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Yes in theory everything should be based on the CFA textbook. In reality it’s a different story. It will take more than 300 hours to read all the readings ONCE. Is reading once enough? Given everybody has jobs and has limited time studying, I think using third-party service will definitely help. Personally I used Schweser, AnalystNotes and Wiley.

The main thing I used were their mock exams. Similar quality, and they all helped me greatly in passing my level 1 and level 2 exams (my first tries).