I will be sitting for the LI in December and I am currently planning to take LII in June of 09. Assuming that I pass LI and that LII is much more difficult, do you guys think there is enough time to prepare between January and June? My reasoning is that I might as well take a shot at the exam rather than wait another year to take it. I am interested to hear your thoughts on this strategy. Also, would it be overload to start studying for LII before Dec since LI is so far away? Thanks, Matt
Why dont you worry about passing the first level in December before you worry about studying for the second level before December?
I am worrying plenty about passing LI. I just figure it never hurts to look ahead. Especially when I have so much time left to study for the LI.
There’s plenty of time. I did it in Dec/06 and level II in june/07. There’s lots of us here that have done this. Good luck with Level I
I did it as well. One step at a time there skipper…
i am planning to do the same…encouraging to see that people passed following dec-june plan…
mwillsj Wrote: ------------------------------------------------------- > I am worrying plenty about passing LI. I just > figure it never hurts to look ahead. Especially > when I have so much time left to study for the LI. The failing is mine and mine alone, so no offence, but I find posts like this really irritating. I get the urge to shout “Of course and what a wimp for even asking!”. There are very few people that couldn’t pass LII with 6 month’s study. Whether you do or not will balance on i) your general aptitude with the material and ii) time you dedicate (e.g. anything south of, say, an 80hr work week is fine if you are quick on the uptake). What I am getting that is that no-one should write off taking L2 in June 2009 on the grounds that they won’t have enough time from Jan (except in certain exceptional circumstances)
It isn’t bad at all. I did it, as have a lot of people on the board. While it is gruelling, I actually saw it somewhat as an advantage because the L1 material was still fresh in my mind and I was still in a study mode. Looking back on it, I started studying for L2 last year (after taking L1 in December '06) before I started studying for L3 this year.
Ask me in august. Studying for 8 months out of 10 is an embuggerance though. There are only so many times you can answer the question “what are you doing this evening/weekend/bank holiday” with “studying”, and my willpower not to go out and get absolutely mortally arse-grabbingly drunk is being stretched.
I sat for and passed L1 in December '07 and struggled with the same question. Ultimately I decided to wait for the following reasons. 1.) I was sick of missing out on time with friends and family and needed to do some catch up in that department. 2.) Its really closer to 5 months study time since we did not get our “scores” back until Jan 23rd (a 7 week wait!!!) and there’s little motivation to start studying unless you know you passed L1. 3.) CFA just instituted the “Must Buy CFA Texts” policy which increases the all in cost for each exam, whether you want them or not - and I really hated the idea of failing a level at such a high expense. 4.) Since there are 48 months of required work experience before you get the 3 letters, I was on schedule even with taking the extra time off given that I graduated in '06. 5.) I was burnt out after the test and heading into spring time with a lot of welcomed distractions. That being said, there’s definitely value in having L1 material still fresh and I’m sure I’ll struggle remembering alot of the concepts, but heck, now I can start looking over stuff at a leisurely pace come later this year and not feel rushed. Just my 2 cents.
hey there, i am planning on doing the same thing (lvl 1 in dec and lvl 2 in june). i too am worried about the available time to study. i was under the impression that you cannot sign up for lvl 2 until you receive your passing score from lvl 1. this means that you can’t get the materials for lvl 2 until you get your score back from lvl 1. that leaves about four months of studying for lvl 2 (feb, mar, apr, may). i want to take lvl 2 in june but being as young as i am (only 23 yrs old), i may wait until june 2010. i need to get the four years work experience anyways before getting the CFA designation.
I passed level 1 in December and am taking level 2 in three weeks. However, my job isn’t terribly difficult so I have a lot of time to study. If I weren’t a trader, I probably wouldn’t be able to do it.
No kidding, all the more motivation to put our heads down for a final two week push. No sense in prolonging this ‘experience’ any longer than we have to. I’m planning on being embarass the family name drunk within an hour of wrapping up the afternoon session. chrismaths Wrote: ------------------------------------------------------- > Ask me in august. Studying for 8 months out of 10 > is an embuggerance though. There are only so many > times you can answer the question “what are you > doing this evening/weekend/bank holiday” with > “studying”, and my willpower not to go out and get > absolutely mortally arse-grabbingly drunk is being > stretched.