I read that(on another post) that the below pattern has been occuring for the last five years - Can you please confirm this 4 FRA (Pension, Currency, Intercorp Invest, Adjustments/PPE/Inventory) 4 Equity (RI (wasn’t on there last year), FCFF/FCFE, DDM/HModel/GGM, P/E/P/B ratios) 2 FI (OAS/Z spread questions, MBS/CDO/CMO/ABS, PAC/SMM/CPR, etc…) 2 Corp Fi (Corp Governance, Project Calcs, M&A) 2 Ethics (The usual) 2 Derivatives (Swap, Futures calc, BSM questions) 1 AI (ANYTHING BUT VENTURE CAPITAL PLEASE) 1 PM (Qualitative IPS questions, Black Litterman Assumptions) 1 Quant (Single/Multi Regression, 2 on Time Series) 1 Econ (Currencies, General Econ Theory)
That would be a violation… btw nice info, the FRA and Equity pattern are very logical.
I believe that was my post. There’s a website out there that shows the breakdown of the L2 exam by topic area going back five years. The weightings have not changed. The subject material is just a theoretical guess.
Yeah @chuckrox - this pattern totally freaked me out . That is why i am out here trying to get some info otherwise.
http://www.cfainstitute.org/cfaprogram/courseofstudy/Pages/topic_area_weights.aspx Equity and FRA have their own books. Should be a clue!
Chuckrox8 Wrote: ------------------------------------------------------- > http://www.cfainstitute.org/cfaprogram/courseofstu > dy/Pages/topic_area_weights.aspx > > Equity and FRA have their own books. Should be a > clue! And corporate finance has its own book, so I would expect more the 5% weight for this subject.
I am more specifically worried about how FI and derivatives get priority over the rest of the topics which primarily have the same weights as per CFAI . I am not discounting the fact that this is a possibility - my concern is whether this is how it is always been. Whats the point of range of weights then?
to be honest, some of these item sets cover MORE than 1 topic area. i.e. they could easily ask something about multifactor models in equities, or PPP/UIRP/IFR in PM.