Hello! Luckily, I passed the level II exam this June but now I have a dilemma of whether to carry on to study the level III exam. I am expecting my first baby before Xams and due to have my maternity leave soon. The good thing is that I don’t need to go to work everyday which has been really intense; but I don’t know how much study time I could commit when my little one arrives! I was wondering how realistic is to pass level III during my maternity leave? I had a look the past exam papers and CFAI book briefly; they look really hard, in particular, the behaviour finance part. I am worried that if I don’t make an effort to carry on now, I probably will not be able to commit and focus on the CFA with a family life going forward. I would really appreciate for your experience and opinion. Thanks!
I’m not sure how many females we have on this board, let alone women who went through L3 during a pregnancy.
I did level 2 twice. first time when I was 8 months pregnant and failed. last time with a 10 months old walking around. I thought it was real hard. since the first 4 months she was sick and needed a lot of attention. later she could walk than it also very difficult to study. mine also doesn’t sleep that much. I always thought that babies sleep a lot and while she sleeps I can study… NOT. she refuses to take a nap and want to play. I signed up for level 3. just to give it a try. No baby is the same. maybe you will have a easy child who sleeps a lot and is very sweet. anyway you passed level 2 so carry on and get 3 as well.
Ask CFAmamma for advice she did 3/3 with 3 kids.
I studied way more for level 3 than 2, an I assume most others did too. Apply that to your own L2 experience I guess. I took level 1 a month before the birth of my twin boys and passed the 2 subsequent exams, but fortunately my wife stayed home the first year before going back to teaching so she was able to do the heavy lifting while I studied. As long as you have a good support group (I.e. Parents/in-laws that live nearby : ) you should be able to find the time.
I took L3 three weeks before giving birth… NOT something anyone should have to go through. But the reason I pushed myself despite my physical condition was that I couldn’t imagine having to study for and sit through an exam with a baby in the house, or possibly later with kids around. Fortunately I won’t have to experience that and I’m glad I did what I did. Keep in mind you won’t be sleeping much during your child’s first few months. Yes, babies sleep a lot, but you will need to rest when your baby is sleeping. And it tires the hell out of you when they are not sleeping through the night. You will not be functioning at 100% for a while post-birth. Having said that, it probably will be easier to find time to study with a five month old as opposed to a 17 month old (one year later). Its going to be harder for the 17 month old to understand why mommy can’t play. I say go for it as you won’t have a mat leave one year later either. Possibly get part time or full time help with baby so you can have blocks of study time even when baby isn’t sleeping. Good luck! Kudos to sherbeer for getting through L2 with a ten month old!
my coworker had a baby less than 2 months before level 3 and still managed to pass. All of the extra time she had not being at work helped her study for the exam.
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I took level 2 7 days before my second child was born and hadn’t started maternity leave before the exam. I passed and took level 3 with 2 kids under 3. I’m glad I got it over with as now I have more time to spend with my children. My advice is get it done and hopefully reap the benefits sooner!
Many thanks for your encouraging advice! I think I will carry on! Thanks again.
FWIW We were in the 1st trimester while I studied, sat and passed L2 last year. I changed jobs in November last year and our daughter was born in December. With a new job and a newborn in the family, started L3 preps in Feb and passed just a month back. It was hard but doable. But then, I am the father.
I haven’t had to write the exams with kids or while pregnant, but I would think one of the main things you should ask yourself is how helpful is the father? Will he come home from work and take over some of the baby minding (between feedings), prepare dinner, clean up, bathe the baby, etc.? I would think if he is that type of guy then that might allow you a few hours each evening to study, even if it is not productive, because you’re inevitably tired. If you’ll be on your own to do 100% of baby care and home care and all the middle of the night wake-ups then I would guess it would be nearly impossible to study. Just my two cents.
picnic Wrote: ------------------------------------------------------- > I haven’t had to write the exams with kids or > while pregnant, but I would think one of the main > things you should ask yourself is how helpful is > the father? Will he come home from work and take > over some of the baby minding (between feedings), > prepare dinner, clean up, bathe the baby, etc.? I > would think if he is that type of guy then that > might allow you a few hours each evening to study, > even if it is not productive, because you’re > inevitably tired. If you’ll be on your own to do > 100% of baby care and home care and all the middle > of the night wake-ups then I would guess it would > be nearly impossible to study. > > Just my two cents. I agree, with this. If you have a helpful partner, you should be ok. My little boy is 10 weeks old and I’m telling you I have NEVER been this consistently tired. There is no way I could have sat level 3 like this. And like the Sniper, I am the daddy!
I passed Level 2 when my son was 6 months old- passed Level 3 while 8.5 months pregnant. It’s possible! I did it with the help of a good nanny- in my case, my husband works like crazy so literally impossible otherwise. Good luck!
I think one of the biggest keys to success post-partum is trying to get enough consecutive SLEEP in the evenings–at least 5-6 hours. Otherwise, your study time will be hampered by that overwhelming desire to put your head down or go find a snack. Our second child was born a month before L2 last year and it was a real challenge for me–as the husband–although I think the lessons learned apply to either spouse. Having the non-studying spouse pull a bit more of the night duty (12am and 3am feedings or feeding-assistance) will enable you to be awake enough to put in some quality time throughout the day–especially in the morning, before the recurring sleep-eat-diaper-sleep cycle spins too many times and you just want to watch TV instead. Also, sleeping in a separate room (if you can handle this) at night helps because the night-duty spouse can be the one to react to whimpers and crying rather than you, the CFA candidate. If you can stave off exhaustion, I think you can accomplish anything you put your mind to during this period!
Someone in my office just returned from maternity leave and she passed L3 in June. Saw her at the exam, it was her second try. Mucho respect.
hi I’m currently 10 week pregnant myself, passsed my level 2 in June and my due date is 21 april next year (terrible terrible timing), ive already registered for next year, but i’m also a bit skeptical and worried about the exams. i could postphone till june 2013, but wont it be tougher with a 1 year old around? i have previously only started studying around March, but for next year, due to pregancy, i’ve decided i’m going to hit the ground running by Dec/Jan already, just to stay calm and feel more in control. it’s my first pregnancy, so i dont know what’s in store (but so far, so good, zero morning sickness),i pray the rest of my pregnancy goes well and even more so the labor and lord forbid, this “in the making CFA junior” must just sleep lots and till mommy writes come June 2nd :-). p.s i plan to move in with my parents after birth till i write and will have a nanny, so my support system is sorted. best of luck to you and everyone out there.
First of all, congrats! I am a father of two…and took L3 in June while my daughter was 5 weeks old. I came up short on the exam…I was just so tired my judgement was poor at exam time… However I had gotten thru L2 with a 6 month old at home… This process gets a lot harder once kids are in the picture…it is possible…but certainly more difficult. Try to study as much as you can before your child is born. If you don’t pas in June don’t fret. You’ll be more prepared the following year. For most of us, the CFA process is is not a sprint but a marathon, with plenty of ups and downs(I really thought I got thru this time…still getting over it)… In any event, congrats and best of luck!
I say go for it. I took a year off from level 2 because I had a baby in jan and didn’t think I could do it. I started studying early- sept for level 2 but then wished I hadn’t taken that year off because I found it was much harder with a 10 month old than a baby plus I had to review everything from level one that I had forgotten. I found that each month got worse because as they get older and become mobile they get into more and more things and demand more and more attention. He is now 20 months and I am not sure how I am going to make level 3 but I say go for it. Like everyone else says support is the key. I was lucky to have a father in law that would come to watch my son while I studied and my husband is in the industry so he understands what the test is about. If you don’t pass at least you will have a leg up for the following year because I think no matter what age it will be very difficult.