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Whats the game plan

Hey guys after taking the Level I this past weekend does anybody plan on studying for level II or brushing up on level I material before the official results come back. That is, if you plan on taking level II in summer.

If I do pass, I plan on taking it this summer. However waiting this lat Jan to start will not work for me seeing as I work 50+ hours a week and have an infant at home. 

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i am not taking level 2 this june if i pass…i think 6 months for level 2 is just too short of time…maybe you do squeak by, but my understanding of level 2 is that it is valuation at its fullest, an area that is just too important to me to cram..i want to make sure i understand it fully…i will be working extra OT during the first few months of this year and then studying for well over a year for l2 if i passed…i will be going through my notes for level 1 and sorting out the most important stuff and putting together a 4 month review study plan to take it in june..that will be implemented 2/1 if it didnt work out this time

I’ll be taking level 2 this June (if I passed).  Just want to bang these out and get it over with.

C.F.A.

I’m thinking about getting some Schweiser stuff for L II, but I want to take a few week off just to collect my brains a bit. Its a good idea to maintain momentum because a lot of the L II stuff apparently builds on L I. As I just graduated from b-school it is also helpful as your knowledge is better retained.

Definitely taking Level II this June. In fact I will start preparing in a week’s time - If I failed LI, some extra knowledge won’t hurt me ^^.

Elans guides is offering some free material on Quant for Level II if anybody’s interested. I am going to check this out.

"We're talking about a man who's satisfied Maris - something that's still on my 'to do' list."

investmentrookie wrote:

Hey guys after taking the Level I this past weekend does anybody plan on studying for level II or brushing up on level I material before the official results come back. That is, if you plan on taking level II in summer.

If I do pass, I plan on taking it this summer. However waiting this lat Jan to start will not work for me seeing as I work 50+ hours a week and have an infant at home. 

In the same boat, but im not picking up another book until I find out the result, need a break, simple as that. Spend some time with the family over christmas becuase if I have passed L1, they wont be seeing me much due to the all night studying sessions at the office that will precede L2 in June. 

You can shove it up your Breusch-Pagan for all I care son.

I’m going to take a break.

I would love to pass L2 in June and have a chance to be a CFA charterholder mid-2014, but I don’t think I can do it. Even though I managed to avoid working weekends until the last 2 months of L1, my social life really suffered and my girlfriend was not happy! Looking at the L2 forum, most of them are well into the materials by now, so to stand a chance we’ll have to hit it hard as soon as we get our results (if we pass). L2 is a lot harder than L1 so that means weekends almost immediately, studying pre and post work, etc.

I found my work also suffered as I rushed to finish everything quickly so I could begin studying. As people keep saying, the CFA is not a golden ticket, so i’m going to forget about the CFA once results come in (unless i’ve failed, in which case i’ll retake) and spend the next 9 months concentrating more on work. Maybe try to get a new job, or push hard on a new project. I also want to work on my model building skills. Mostly though, I just want to relax and enjoy my free time. There’s more to life than work and books!

I’ll be buying the L2 books very soon and plan to start studying on the 1st Jan. If I fail L1 then i’ll prob just retake in June.

plumber > stripper > experience > CFA > MBA

pokhim wrote:

I’ll be buying the L2 books very soon and plan to start studying on the 1st Jan. If I fail L1 then i’ll prob just retake in June.

don’t you have to pass L1 before being able to buy the new L2 books or are you going to use older L2 books??

______________________________________________________

You must be the square root of two cause i feel irrational around you

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Giovanni wrote:

I’m thinking about getting some Schweiser stuff for L II, but I want to take a few week off just to collect my brains a bit. Its a good idea to maintain momentum because a lot of the L II stuff apparently builds on L I. As I just graduated from b-school it is also helpful as your knowledge is better retained.

Thats a good Idea.

infidel1983 wrote:

investmentrookie wrote:

Hey guys after taking the Level I this past weekend does anybody plan on studying for level II or brushing up on level I material before the official results come back. That is, if you plan on taking level II in summer.

If I do pass, I plan on taking it this summer. However waiting this lat Jan to start will not work for me seeing as I work 50+ hours a week and have an infant at home. 

In the same boat, but im not picking up another book until I find out the result, need a break, simple as that. Spend some time with the family over christmas becuase if I have passed L1, they wont be seeing me much due to the all night studying sessions at the office that will precede L2 in June. 

Definitley going to spend time with the family this christmas, and then delve in beginning of January. Its best to knock this stuff out while its still fresh in your memory. It will be a tough 6 months, but the payoff can be 12 months off/ getting the charter 12 months earlier. 

And would rather fail this june, than fail next june and figure I let a whole year go to waste. It’s only going to get tougher my friends, but lets stay committed. 

Alladin wrote:

pokhim wrote:

I’ll be buying the L2 books very soon and plan to start studying on the 1st Jan. If I fail L1 then i’ll prob just retake in June.

don’t you have to pass L1 before being able to buy the new L2 books or are you going to use older L2 books??

No. You can still buy prep provider books for Level 2. You just can’t get the CFAI official textbooks without finding out your result and registering for Level 2 first. 

Put. That coffee. Down!

panos.kollias wrote:

Elans guides is offering some free material on Quant for Level II if anybody’s interested. I am going to check this out.

Thanks for the heads up on this! I used Elan for Level 1 and thought they were better than what Schweser had provided. The Elan videos were overkill though. Infact the videos in general for both Elan and Schweser were pretty useless looking back on it.

I’ll definitley be going with Elan again for Level 2 so I’m looking forward to checking out what they have on offer for free until I find out my final result!

Put. That coffee. Down!

Are you people serious? Take some time off and enjoy life for a few months while our results are pending. Have fun with friends and family, enjoy the holidays (if applies) and the new year. Take up a hobby or focus on your career. Studying for level II is just weird.

Part of me wants to relax but I think just like an athlete who is off season it’s s good idea to keep yourself in shape and not drop your workout habit. Otherwise it’ll be more painful having to begin again as opposed to having maintained a study habit and ritual. Besides, what if life or work circumstances take time away from us later? You’ll be thankful later on. 

L2 for me this June (if I passed L1 that is).  I am in a point in my life where I can afford to study, compared to later on when I may not have that option.

robertucla wrote:

Are you people serious? Take some time off and enjoy life for a few months while our results are pending. Have fun with friends and family, enjoy the holidays (if applies) and the new year. Take up a hobby or focus on your career. Studying for level II is just weird.

Well I can understand where you are coming from, but I think the logic behind starting on studying toward Level 2 soon after the December Level 1 exam is that there isn’t much time between the two exams.

Level 2 is regarded as the most difficult of the exams by many people and some have said that 4 months (or however many you have left after finding out the results for the December sitting of Level 1) to prepare for Level 2 just isn’t enough.

I will take a look at Level 2 this month but I am not going to do lots of studying. I don’t even know if I have passed yet! 

Put. That coffee. Down!

If you’re not burned out, it seems like not a bad idea to do some light L2 reading… just to familiarize yourself with the course outline. I wouldn’t recommend serious study at this point though - in 7 months, you’ll probably have forgotten the stuff you learned today. 

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

Yeah, I’m planning on starting with some third party prep for Jan. 2nd, maybe a little light reading in Dec. to get a head start.  Right now I have very little overtime, but in the next six months to a year I expect that will be no more.  Also, since I started on L1 as soon as I moved to this city I’ve been too busy studying to go out and meet people, so that’s one less distraction I can play off of if I continue.  If I take the year off, thats a lot of free time to negate that one too.

Ugh, I feel for you guys going into L2 directly.  I did the same thing and it was one of the harder things I’ve ever done.  I passed pretty confidently, so it is doable.  Just be sure to be on guard against burnout as some of the others mentioned.  Burnout will be your biggest enemy in L2, although the time crunch is pretty rough as well.

#FreeCVM #FreeTurd #2007-2017

I posted this in the L2 forum, but Schweser will give us access to the first book and full qbank for free until Jan. 30th, so that should help decide if we’re serious about this or not

Black Swan wrote:

Ugh, I feel for you guys going into L2 directly.  I did the same thing and it was one of the harder things I’ve ever done.  I passed pretty confidently, so it is doable.  Just be sure to be on guard against burnout as some of the others mentioned.  Burnout will be your biggest enemy in L2, although the time crunch is pretty rough as well.

Blackswan, can you tell us your story on how you passed L2 in 6 months. Did you use schweser or cfai material?

Black Swan wrote:

Ugh, I feel for you guys going into L2 directly.  I did the same thing and it was one of the harder things I’ve ever done.  I passed pretty confidently, so it is doable.  Just be sure to be on guard against burnout as some of the others mentioned.  Burnout will be your biggest enemy in L2, although the time crunch is pretty rough as well.

 

Just Knowing that is possible gives me confidence. 


chibwack wrote:

I posted this in the L2 forum, but Schweser will give us access to the first book and full qbank for free until Jan. 30th, so that should help decide if we’re serious about this or not

Do you have a link?

study2gether wrote:

Black Swan wrote:

Ugh, I feel for you guys going into L2 directly.  I did the same thing and it was one of the harder things I’ve ever done.  I passed pretty confidently, so it is doable.  Just be sure to be on guard against burnout as some of the others mentioned.  Burnout will be your biggest enemy in L2, although the time crunch is pretty rough as well.

Blackswan, can you tell us your story on how you passed L2 in 6 months. Did you use schweser or cfai material?

Its doable; just tough. Personally I slacked off for Lvl 2. I opened the books somewhere in November, and sat on volume 1 until February… That’s when I got serious. So in my case, a solid 4 months did the trick.

I don’t think 6 months is the problem. I think the fact that most people studied 4-6 months for Lvl 1, and right away back at it for another 6 months can be problematic - burnout!

gl. 

I signed up for the startwithschweser offer, they said they will email you in three days with the access info. 

Meanwhile, if anyone wants to get a start you can download the ethics section for L2 for free from the CFA institute site. That’s a bit over 200 pages to chew on. Add it to Schweser offer (I think they are offering the quant for free) and you have just enough to keep you busy with until you learn the results of L1.

And if you find out you bombed L1, that’s no loss because the L2 material simply builds on L1 based on what I saw in the LOS summaries for L2.

capaldij wrote:

panos.kollias wrote:

Elans guides is offering some free material on Quant for Level II if anybody’s interested. I am going to check this out.

Thanks for the heads up on this! I used Elan for Level 1 and thought they were better than what Schweser had provided. The Elan videos were overkill though. Infact the videos in general for both Elan and Schweser were pretty useless looking back on it.

I’ll definitley be going with Elan again for Level 2 so I’m looking forward to checking out what they have on offer for free until I find out my final result!

Videos may have been overkill for Level I, but they’re quite important for Level II.

Schweser and Elan offer quite of material for free so you can start studying now without having to make a purchase.

Schweser offers its study guides for Ethics QM and Econ plus QBank. Elan offer videos and study guides for QM and FRA

study2gether wrote:

Black Swan wrote:

Ugh, I feel for you guys going into L2 directly.  I did the same thing and it was one of the harder things I’ve ever done.  I passed pretty confidently, so it is doable.  Just be sure to be on guard against burnout as some of the others mentioned.  Burnout will be your biggest enemy in L2, although the time crunch is pretty rough as well.

Blackswan, can you tell us your story on how you passed L2 in 6 months. Did you use schweser or cfai material?

It’s been a couple years, and I think my brain has blocked out most of the painful memories, but here goes:  

I BARELY passed LI in Dec on 6 weeks studying with no real academic finance background (I failed accounting, stats and finance in college as I had a partying problem and didn’t know I’d wind up in this field).  I used the supplied CFAi texts.

While waiting for results, I passed the CMA exams also in 6 weeks as part of a company wide initiative within the finance department, but this time managed to score in the top 10 overall scores nationwide.  I completed this about a week or two after L1 results came out.

I jumped back into the supplied CFA Institute (CFAi) Level II texts and just went at it.  I used a brute force approach and went through the full CFAi texts cover to cover three times I believe.  First to last, reverse order, first to last.  I didn’t use Q-bank, although I do think it’s a great resource.  I did the CFAi End of Chapter (EOC) questions as I went through, circled any interesting or difficult ones and then focused on those during the review.  I also spent a lot of time answering people’s problem Q-Bank questions on analyst forum (AF) and by the end of the four months had a pretty good exposure to Q-Bank because of that.  It’s also helpful to me to explain topics and see others’ explanations.  Then I focused on the CFAi Sample and Mock exams.  It’s key to start these early for feedback reasons (like 6 weeks out at least) rather than waiting too long because you’re afraid of getting a bad score.  I had a formula sheet I made, and included any obscure formulas or theories I’d seen as I went through the materials (CFAi loves these).  

Realistically, Schweser is probably a more efficient way to go about preparing, I’ve just always enjoyed reading the slightly more in depth CFAi texts.  But in a time crunch, if you’re the type of person that likes to sleep more than 4-5 hours a night, Schweser may be a better method.  Use CFAi texts as supporting texts for topics that you’re experiencing difficulty with.  Another reason in favor of Schweser is that Level II is very difficult and the material has incredible breadth.  Using more condensed Schweser notes may aid you with that struggle.  Definitely use the CFAi EOC questions though.  Quantity is low, but quality is very high on those.  

Also, as always, it helps to save Ethics for last and review it just several days before the exam.  Allocate study time strictly based on topic weights, not size or perceived difficulty.

My description of LII written at the time when I was studying:

“It’s like when you have your arms full of laundry and you drop a sock, bend over and pick it up, only to drop another sock, and it just keeps going like that. It seems everytime you have a handle on a portion of the curriculum, somebody asks a simple question and just as you’re thinking ‘duh, that’s level I stuff’ you realize you can’t remember the answer. “

http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/9687983

In the end I passed with >70 in nearly all topics, so what I did was overkill.  It is very doable, although very difficult.  In some ways, I think the guys coming straight off December followed by a short break for results have an advantage because the material is fresh to them, they’re focused, and they may not have as many burnout issues.

#FreeCVM #FreeTurd #2007-2017

Hey Giovanni,

Where do you find the CFA Institute ethics section download? I can’t seem to find it on the CFA website. If anyone else knows, please post. Thanks!

I’m thinking of taking a different route. I reckon I’ll give up on trying on passing Level 2 in June 2013, I just think I’ll go insane. Instead I’m considering shooting for CAIA Level 1 in March 2013 and then if that goes well do CAIA Level 2 in September. Then prepare for CFA Level 2 from September 2013 to June 2014.

Any thoughts if this is a good strategy?

rexkicker wrote:

I’m thinking of taking a different route. I reckon I’ll give up on trying on passing Level 2 in June 2013, I just think I’ll go insane. Instead I’m considering shooting for CAIA Level 1 in March 2013 and then if that goes well do CAIA Level 2 in September. Then prepare for CFA Level 2 from September 2013 to June 2014.

Any thoughts if this is a good strategy?

I mean, it seems fair to me.  But in all honesty, do you really think the CAIA is going to directly benefit you or apply to your job?  What’s your background?  Are you employed or a job seeker?  If it were me personally, knowing what I know now, IF I decided on the following June instead of the current June: Then I’d register for the following June, put LII candidate on my resume and take advantage of that free time to go have fun with friends instead of taking more somewhat marginal exams.

#FreeCVM #FreeTurd #2007-2017

can you register in advance like that??????