Survey - to all level 2 candidates, which subject do you find most challenging/difficult?

CFA Level II
#1

Among the 10 subjects, which one, to you, is most challenging?

#2

Toughest:

  • Economics - the fluff definitions and theories (non-calculation stuff)
  • PM - the economic related PM stuff, such as marginal utility and savings future vs present

Easiest:

  • Fixed Income & Derivatives - Free points galore
#3

everything

#4

Reduced form models for debt valuation

#5

Some of derivatives is stupid easy but other parts like middle of the term swap valuation is what gives me trouble

#6

@drockk and 125mph

How could you say derivatives is easy? I actually asked this survey hoping that im not alone in having a problem absorbing derivatives haha

#7

Derivatives are . . . well . . . easy.

#8

A lot of it just makes sense to me. I learned about all the options strategies when I was studying for the series 7 and just retained it pretty well so there is some carryover.

#9

Same… learned on from the 7. Then did actual option trading, usually multi leg strategies such as spreads and other things like condors. When real money is at stake, you learn how to calculate break even and profit/losses very fast :wink:

#10

Personally not a big fan of Quant Methods