And now that its over

CFA Level II
#1

I know most of the people here have put in a lot of effort some over a few weeks and many over a few months but at the end of it all… how much do you remember today? Except for the fundamentals I barely remmeber anything and this psyches me out. I am not pursuing a career in finance hence/Therefore I am not in touch with it on a daily basis. It’s kind of disappointing if you know what i mean

#2

The moment I set my pencil to rest in the exam…I forgot about 70% of the stuff

#3

I’m working in the industry and I have the chance to test L2 FRA, Corp Finance and Fixed Income every day. So Its worth it, but for others topics like derivatives, I forgoy 70% except the impact on the Balance Sheet and the Income statement.

#4

hardly remember anything besides basics of equity valuation, corp finance

#5

still remember most FRA, Quants, a bit of Fixed income and ofc DDM, FC, and RI valuations…

#6

I’ve forgotten a lot, but I think the key is having learned it once already…because now, if I have to know any of the stuff I’ve been tested on, it would take me very little time to get up to speed. For me it’s a lot easier to refresh/re-learn things than to learn them without any prior idea. Additionally, knowing how to apply the stuff is sometimes more useful than just having it memorized. For instance, I forget exactly what the formulas are for levered/unlevered beta, but all I would have to do is glance at them once and I would know exactly how to set them up, how to solve them, what purpose they serve, etc. Know what I mean?

#7

Unlevered beta = levered beta/1+(D/E)

#8

if i was to take the same exam today again, I would fail band 5

#9

I think I would do okay on the qualitative questions, but would probably bomb any of the quantitative questions. Most of the formulas from Derives, AI, and Corp Fi have all left my brain. I can smoke Equities any day of the week… :slight_smile:

#10

Alladin Wrote: ------------------------------------------------------- > The moment I set my pencil to rest in the exam…I > forgot about 70% of the stuff I’m with Alladin. I initiated my data dump as soon as I walked out of the test center.