Hi All - I took L1 on Dec 5, 2015. Obvi I have not received the results yet, but I am starting to study for L2; if I passed, great! I got a head start (at the very least a month in advanced), if I didn’t pass, then I just lost a month of social life (January, so nothing too big). Anyway, my strategy is to start reading CFAI Quant, and if I received a PASS at the end of January 2016, then I will purchase Schweser. Anywho, my study plan is as follow:
Quant
FRA
EQ
FI
Derivs
PM
Corps
AI
Econ
Ethics
Any opinions? Or do you guys suggest another chronological strategy to study this beast, the furious L2?
I will also be posting this in the L3 for their advice.
how did u do in L1? if u are reasonably confident that u will pass then i suggest you start looking at the most heavily weighted sections: FRA and Equity. Derivate is difficult too according to what I heard, so starting early on these topics will be good.
Hi, I am also starting studying for level 2 from today. I am starting with quant and then will go on to eco, mainly because I am very comfortable with these subjects and want to start with something easy.
One thing I wanted to ask was that for studying these two topics can I use 2015 curriculum ? Only one small reading has been added to quant no other changes for these two topics. Thanks.
quant and eco - are easy to start off with - but go through them quickly. I say this because there is a TON of material on these - so you could spend a lot of time going thro them.
you would be well advised to look at the actual exam weightages.
From what I recall - FRA, Fixed Income and Derviatives have a lot of material with high weightage for Level 2.
Economics Reading 13 - Currency Exchange, is dirty and enough to mangle you brain. I started readingit, came close to half of the chapter ,(over 80 pages chapter) closed the book and went back to FRA. FRA is my strong point
I started with L2 preparing a couple of weeks ago. Since I joined in Schweser trial, I have only Ethics, Quant and Econ material. It’s just enough till 26/01. Now, I am about finishing 1st reading of Econ and agree with above that I had a headache about Currency exchanges and triangular arbitrage. Quants are quite straightforward and Ethics is same as it was in L1.
Got material for first 3 sessions (Ethics, Quants and Encom) free of charge expiring on beginning on February. Supposed I will purchase entire material for L2 if I pass L1. If not, it will just expire with 0 cost for me.
Im doing Wiley, much more detailed that Schweser which I used for L1, am expecting to finish the 1st two by the 26/01 FI is a few number of pages surprisingly
Done w quant. I will start w Econ tomorrow. My thoughts on Quant:
A lot of overlapping material between reading sessions (x=b0+b1x1, T-tests, F-tests) comes primarily to mind; however, Time-Series detours a bit. In terms of importance for the exam, I think the below is accurate (will be taking L2 for the first time, so don’t quote me):
Multiple Regressions and Issues in Regression Analysis
Although I do 60ish hours a week at work, I am a bit concerned that it took me 9 days to finish Quant! I hope this is just my warm up and I improve my timing of going through chapters as the process goes along!
Go over the most heavily weights topics first is what I am doing. Read early so you can re-read a second time and practice questions here. The largest areas with the least amount of pages to read is good. Corporate finance is 200 pages but Alternative Investments + Fixed Income is 200 pages and I’d rather cover that in teh schewser then 200 pages of corporate finance…
Passed Level 1 and done with both Quant and Econ. Both not heavily weighted so not too worried. As Joe_83 said, def going to put in the most focus on the heaviest sections in L2.
Thanks for good wishes. I will continue with winning L1 strategy. A coctail of reading Schweser-Curriculum-and doing Mock/Topic tests. This time a bit modified with greater accent on practicing and less on theory reading.