Firstly, commiserations to those who failed - must be terrible.
I just wanted to get a few things off my chest which might help other people.
To outline my Level 2 journey, I started in February studying only with Schweiser - going through, doing the questions. By May I had realised I had a problem - 59% in exam condition mocks.
I posted my worries here:https://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91365568
In total I did 3 mocks (AM+PM). I usually scored mid 60s. I never passed (>70%) any mock.
I tried to come back using Mark Meldrum’s materials (highly recommended)
I crammed and crammed, by the end I felt physically ill as I had worked so hard. Still I couldn’t pass a mock. These were the schweiser / CFA mocks.
Needless to day, going in I was somewhat downbeat on my chances. I get my result back a couple of days ago. Approximately 90th Percentile - ie the top 10% of takers on the planet… In some ways this is a good thing - it beats failing hands down. BUT to me it indicates a pretty high likelihood that the mocks are mis- calibrated vs the actual exam, particularly as pretty much the same thing happened when I did level 1, 10 years ago.
This massively and pointlessly increased my stress level, and several tens if not hundreds of hours prep and associated stress was, to some degree not remotely necessary. I know there are statistical outliers and that in some ways its better to have people going in over prepared rather than under. The level of over preparation given by the Schweiser / CFA mocks was exessive.
Not sure if I will do Level 3, I am somewhat put off by the whole experience, it was far harder than I thought it would be and of much less relevance for my investing. There are far better ways to grow my capability than the CFA.
Other people’s thoughts / experiences are appreciated - did you find the mocks went in the same way relative to the exam as I did ?