I will just be starting my preparations for FRM Part 2 Nov, 2014.
Wanted to know, how much time is essentially needed for preparing for it? Also if we can form a study group for the same (In case it already exists, if someone can provide a link for the same)
In case someone is having a study plan, can you please share it.
In my opinion, part 2 is way more difficult than part 1 so I guess I need more time for my preparation than I did for part 1. The reasons are that there is little overlap like 10-20% with level 1& 2 curriculum and part 1 stuffs and that there are a total of 75 assigned readings compared with 56 assigned readings in part 1 (if I remember correctly).
For my current part 2 preparation, I use schweser notes to go through first round of reading including doing EOC questions. I spend 1 hour on the average for each assigned reading (I already finished around 50 readings) so around 75 hours for first round of reading. I will spend another 200 hours maybe to review and practice schweser QB and mock exams along with BT notes, practice questions, and mock exams. My target is around 250-300 hours (quality studying hours here).
Hope you all stay motivated and enjoy your preparation. Cheer!