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making a comeback?

Hello all…Needing some advice on making a comeback to L2. Backstory: Passed Level 1 on first attempt, tried L2 3x with the last being a band 9 fail (2012). I stepped away to help with the kiddos, and to avoid a divorce :) but now I am considering making a comeback now that they are a little older. I know that I have been away for awhile but it still irks me that L2 got the best of me. The questions are (other than, is this nuts): how should I prep given the layoff? I used Schweser and CFAI materials on the last 2 attempts which is when I saw the most improvement in my score, but is there something better? I would imagine there have been significant changes with prep providers and with means of delivery(I.e.YouTube etc.)  If I decide to get back in the saddle, my goal is to start 8/1/18.  Any ideas are welcome. Thanks in advance. 

Top Instructors, Best-in-Class Content, Partner Until You Pass Guarantee

https://www.chalkandboard.org/

Literally what helped me finally grasp and understand the material. 

If you take any of that seriously ^^ then I can't help you.

https://www.markmeldrum.com/

Watch his videos and then do the EOCs…

You could watch videos, you could take online courses, you could sit in a live course, or you could self study for 700+ hours…

Or you could do all of the above!

Hi, 

Your come-back considering your past history shows  that you have strengths to reach your goal whatever the means.

I wish you the best.

some of the folks in the CFA program deserve a medal. Attaboy!

Here is what I did for L2, about 400 to 500 hours total: (I was averaging around 80% on mock exams and felt like I absolutely crushed the exam after I left)

1. Read through a chapter in Schweser.  While reading through, make a significant number of note cards for the reading (I had over 1000 note cards by the end of the process).

2.  Once done with the reading and note card creation, flip through all the note cards ( do not look at the other side of the note card until you’ve absolutely tried your best to remember everything on the other side).

3. Do the Schweser Concept Checkers for that reading and then the CFAI EOCs for that reading.

4.  The next day after completing the problems, flip through the notecards one more time to lock the concepts in to long term memory.

5.  A month or two later, come back and flip through that same set of note cards.

This process should be repeated for every single reading.

FINISH THIS PROCESS AT LEAST ONE MONTH BEFORE THE EXAM

Final month revision:

1. Flip through the note cards for a reading.

2. Do the CFAI EOCs for that reading (for the second time),

3. Once done with the EOCs for an entire section (Derivatives for example), take the Topic Test for that Section on the CFAI website

Perform the previous three steps for all readings and sections.

The last 2 weeks, try to do 5 or 6 mock exams and really look at the answers for each question once finished with every exam until you understand why the answer is the way it is.

IF YOU STICK TO THIS ROUTINE YOU WILL LIKELY BEAT LEVEL 2.  Good luck!

CEO 10K-Day- Thank you! I am checking them out now. 

[quote=thanatos0320]

https://www.markmeldrum.com/

Watch his videos and then do the EOCs…

Thanks! I will defintely check these out

[quote=125mph]

You could watch videos, you could take online courses, you could sit in a live course, or you could self study for 700+ hours…

Or you could do all of the above!

This is probably what I’m gonna have to do! :)

[quote=oryan5000]

Here is what I did for L2, about 400 to 500 hours total: (I was averaging around 80% on mock exams and felt like I absolutely crushed the exam after I left)

1. Read through a chapter in Schweser.  While reading through, make a significant number of note cards for the reading (I had over 1000 note cards by the end of the process).

2.  Once done with the reading and note card creation, flip through all the note cards ( do not look at the other side of the note card until you’ve absolutely tried your best to remember everything on the other side).

3. Do the Schweser Concept Checkers for that reading and then the CFAI EOCs for that reading.

4.  The next day after completing the problems, flip through the notecards one more time to lock the concepts in to long term memory.

5.  A month or two later, come back and flip through that same set of note cards.

This process should be repeated for every single reading.

FINISH THIS PROCESS AT LEAST ONE MONTH BEFORE THE EXAM

Final month revision:

1. Flip through the note cards for a reading.

2. Do the CFAI EOCs for that reading (for the second time),

3. Once done with the EOCs for an entire section (Derivatives for example), take the Topic Test for that Section on the CFAI website

Perform the previous three steps for all readings and sections.

The last 2 weeks, try to do 5 or 6 mock exams and really look at the answers for each question once finished with every exam until you understand why the answer is the way it is.

IF YOU STICK TO THIS ROUTINE YOU WILL LIKELY BEAT LEVEL 2.  Good luck!

That is a great study set up. When did you start studying?

SwaptionMan,

Thanks for the kind words. 

some of the folks in the CFA program deserve a medal. Attaboy!

[/quote]

What was your study approach last time? Questions? Q bank? Mocks? 

Whitetail,

my last attempt I started in January with schweser material, did CFAI EOC’s for all readings, once finished I went back through EOC’s. With appx a month left, I nothing but qbank/EOC’s/mocks and reviewed what I missed or didn’t understand. This approach got me to band 9. I think the approach listed earlier in the thread was a more refined version which I might try. The other part that I am implementing is starting earlier than January. I think if I start earlier, I can keep the pace manageable and leave plenty of time for reviews/mocks. Fine line to walk though…don’t want to burn out early! What do you think? 

I started in January but I committed a lot of my weekend time to it.  Really it’s slow and steady wins the race.  You want to be as comprehensive as possible an not try to predict what will be on the test

Long time follower, but rarely comment. 

The 3rd attempt on Level 2, and feel I gave this one a good go. What helped me was to actually print out the LOS PDF on the CFAI website 2018 LEVEL II Study Sessions Combined and actually go through each LOS in the last month with Mocks, I went through each one and tried to see if I could give a high-level definition of certain concepts or actually do a basic form of the calculations. At the end of it, I had some small notes around all the bullet points which served as a really nice “Secret Sauce” which was tailored to my strengths and weakness. This also assured me I had covered all concepts no matter what resources I had used and also found some 3rd party providers weight heavily on concepts which may have over the years become a little less relevant. 

As a father of a 2-year old, I know the struggle. Advice to all try and complete the exams before kids. smiley

If you’ve failed after 3 attempts, just move on. It’s not even worth spending another six months of your life to memorize definitions and non-core material. And you’re probably looking at multiple tries at level 3 as well if you ever pass level 2.

I’m sure you can find better use of your time.

Sorry for the negative feedback, but I’m being realistic here.

I will never deadlift 500 pounds. And I’m okay with that.

AUTIGER wrote:

Hello all…Needing some advice on making a comeback to L2. Backstory: Passed Level 1 on first attempt, tried L2 3x with the last being a band 9 fail (2012). 

Hello Autiger… don’t give up, I passed L2 on my 5th attempt… the first 3x I was really unprepared because Spring is my busy time as a CPA…. I think what got me over the hump is working more problems than just reading… I would get up 6am, get a cup of coffee, and work problems first hour of the day… get in this habit and make it a part of your day… I think using both Kaplan and CFAI is a good strategy, I read CFAI first, then Kaplan, which reinforced concepts.

Thanks, Tactic, will take note of it. But unfortunately my path might just be longer than others but I have chosen this route. Also, you can’t say that failing level 2 will be compounded into Level 3. Maybe level 3 will suit a person better than level 2. I guess we will just have to wait and see. 

OP,why do you want to finish the charter? What do you think will accompany the charter? 

I don’t think anyone asked before they blindly started telling you to carry on with it (unless I missed it while skimming). 

Strategy - IFT

Use the videos. my strategy has been to watch the videos straight through (@1.4speed). This gives you a hang of the material.You should be able to do this over 60days.

Next you track back to the beginning and watch the videos again but this time you take your time to do the blue-box examples and the EOC questions. Once you are done, start with old mocks go as far back as you can get. Do a minimum of 10 years. The CFAI topic test questions are absolutely essential. You should do them over and over again until you get the hang of it. It is true they are harder than the questions on the test, but they test the concepts thoroughly.

Do and redo the mock tests. You will be alright. 

There might be no short cuts, but it is certainly doable. 

If you can meet with Triumph and Disaster
And treat those two impostors just the same;........

calvol]</p> <p>[quote=AUTIGER wrote:

Hello all…Needing some advice on making a comeback to L2. Backstory: Passed Level 1 on first attempt, tried L2 3x with the last being a band 9 fail (2012). 

Hello Autiger… don’t give up, I passed L2 on my 5th attempt… the first 3x I was really unprepared because Spring is my busy time as a CPA…. I think what got me over the hump is working more problems than just reading… I would get up 6am, get a cup of coffee, and work problems first hour of the day… get in this habit and make it a part of your day… I think using both Kaplan and CFAI is a good strategy, I read CFAI first, then Kaplan, which reinforced concepts.

Calvol & Airmaverick,

Thanks for the encouraging words. I will definitely be implementing some of those ideas. @Tactics, thanks for the fuel :) Pressing on….

tickersu wrote:

OP,why do you want to finish the charter? What do you think will accompany the charter?

I don’t think anyone asked before they blindly started telling you to carry on with it (unless I missed it while skimming).

I want to finish the charter because I started the pursuit of the charter…..I took a step back for several years and being away from it felt too much like quitting to me.

OP:  Are Tiger spouse and the cubs ready and supportive for your stab at LII?  And LIII is gonna be a fresh kind of h*ll.  

“Mmmmmm, something…” - H. Simpson

AUTIGER wrote:

tickersu wrote:

OP,why do you want to finish the charter? What do you think will accompany the charter?

I don’t think anyone asked before they blindly started telling you to carry on with it (unless I missed it while skimming).

I want to finish the charter because I started the pursuit of the charter…..I took a step back for several years and being away from it felt too much like quitting to me.

If you’ve got money to burn and time to waste away from your family, go for it. It doesn’t seem to be hindering your career in a definitive manner (a manager never told you that you need it for a promotion, or something). Honestly, the CFA charter isn’t much to hang a hat of pride on– it’s a series of exams that require qualifying work experience. Sure, it shows commitment, discipline, blah blah…but really, I’d take family time and saved money over that any day because those things matter more, Most times the charter isn’t life-changing. There is a ton of hype around the CFA exams from what I can tell. If you really need it for you, and your family will support it, go for it. Otherwise enjoy life and don’t let other people convince you that the CFA exams measure some kind of intelligence or fortitude. I know some pretty dumb people who finished the charter in quick time, relatively speaking– they seem to thump their chest more than the super smart guys who blew through it 3/3 with far less effort.

airmavrick wrote:

Long time follower, but rarely comment. 

The 3rd attempt on Level 2, and feel I gave this one a good go. What helped me was to actually print out the LOS PDF on the CFAI website 2018 LEVEL II Study Sessions Combined and actually go through each LOS in the last month with Mocks, I went through each one and tried to see if I could give a high-level definition of certain concepts or actually do a basic form of the calculations. At the end of it, I had some small notes around all the bullet points which served as a really nice “Secret Sauce” which was tailored to my strengths and weakness. This also assured me I had covered all concepts no matter what resources I had used and also found some 3rd party providers weight heavily on concepts which may have over the years become a little less relevant. 

As a father of a 2-year old, I know the struggle. Advice to all try and complete the exams before kids. smiley

may i know how your second attempt was? and did you do anything different in your 2nd and 3rd attempts?

And yeah definitely following your advise smiley  

I passed Level 1 in December 2015. Wrote Level 2 June 2016, band 7 with FRA below 50. Son was born in September 2016, tried to start early, but new born ‘s don’t understand study time smiley  Then attempted 2017 June, working on FRA, but didn’t get much sleep in that time and got a band 8, with FRA below 50. 2018 came along, Son much better sleeper had more time to study and focused heavily on FRA. I used 3rd party material for the first two attempts since time wasn’t really a luxury and the third time around focused on the actual CFAI books, must have redone EOC three times. Beginning, midway, and end. Went through Topic Tests as well.

3rd attempt went well, only variable for me was Derivatives and that’s because I ran out of time. 

I guess for me the main changes were CFAI books (GOLD), more time to study and good rest. (and an amazing wife) 

I was in a similar situation to you Mr OP. Failed x2 Level 2 and with small kids and a job it was so much pressure the 3rd time. But walking away felt like i had lost to the “Beast”. Focussed so much on FRM and Equities and then barely passed but hey, my last strategy worked.

But then after you have slayed the Beast, you really feel you need to finish off L3 since you’ve come so close…so that’s me now after again failing L3 x2…it is still a Beast but a very different one.

So go for it!

#JustDoIt

Tactics wrote:

I will never deadlift 500 pounds. And I’m okay with that.

Honestly man, you’re wrong. If you actually had the perfect environment, and enough time, your body could deadlift 500 pounts. The human body is capable of far more than you think. 

If you take any of that seriously ^^ then I can't help you.