I know none of you would advise skipping anything. But I at a point where i can only do selective study. I have pretty much 95% of the course remaining to go. I am in ABSOLUTE panic. Please suggest the chapters ones that you are think can be easily skipped, or h ave low probability of being tested, or doesn’t add too much to the overall understanding of other chapters.
Depends on what you think are your strong points, like if you have a basic knowledge in economics you might be able to wing it, maybe some of the capital bugeting, I not realy sure nothing springs to mind, gud luck though
Studying capital budgeting right now, seems quite easy among all other things.
Maybe try to stay off analyst forum! I spent too many hours leaving stupid trolling messages all over the place, I wish I could get that time back. But answering qs on level 2 forum does help as you study. If your not working full time you still in with a gud shot, if ur realy stuck just concentrate on equity and fsa, and skim the rest, audio too might be a gud bet
yeah i’d prefer that too, but FRA is not easy, it taking insane amount of time to read and understand and i am forgetting it all too easy. i am hating FRA. equity i am trying but the last study session is not a joke either. have myself really in a hole right now. so trying to do something easy as captial budgeting so i feel a sense that i have done atleast a little bit.
heres my take and what i will focus on the last 4 weeks Ethics - The actual standards Quant - Mutliple regression (time series if time remains) Econ - two big readings, Currency Exchange Rates (reading 18) and Parity Relations (reading 19) FRA - Intercorp investemnts, pension, and multinational Corp Fin - capital bud. and mergers and acquisitions Equity - the valuation models (DDM, FCF, Multiples, RI, Private company val. if time) Alternatives - Private equity Fixed Income - Valuing Bonds with embedded Options, mortgage backed securities Derivatives - Options, Swaps, forwards (if you know forwards you can prob figure out futures) Port Management - ICAPM This is still a TON of work, but at least eliminates some of smaller topics. In reality, i would recommend going through it all
If you are remotely comfortable with the concept of a hedge fund, skip the 2 HF chapters in Alts and read the takeaways in Secret Sauce instead. They’re incredibly ‘duh, isn’t that common sense?’ readings.
This is a very good summary of what will be crucial and I think if we can get the below down we can definitely pass Spanishesk Wrote: ------------------------------------------------------- > heres my take and what i will focus on the last 4 > weeks > > Ethics - The actual standards > Quant - Mutliple regression (time series if time > remains) > Econ - two big readings, Currency Exchange Rates > (reading 18) and Parity Relations (reading 19) > FRA - Intercorp investemnts, pension, and > multinational > Corp Fin - capital bud. and mergers and > acquisitions > Equity - the valuation models (DDM, FCF, > Multiples, RI, Private company val. if time) > Alternatives - Private equity > Fixed Income - Valuing Bonds with embedded > Options, mortgage backed securities > Derivatives - Options, Swaps, forwards (if you > know forwards you can prob figure out futures) > Port Management - ICAPM > > This is still a TON of work, but at least > eliminates some of smaller topics. > In reality, i would recommend going through it all
Agree above list is pretty good. Might also e worthwhile checking which of those chapters have end of chapter questions in the curriculum. Just a suggestion.
Pepp, I would try to nail down as much as possible with ethics, FSA, and equity. I think you can’t skip ANY topic 100%. What happens if you see an item set on a topic that you skipped? You will almost guarantee a failure. Best of luck.
Hi Pepp, I’m also lagging behind by a great deal. What I’m doing is know the FRA and the equity section very well (Those 2 should cover, on average 50% of the topics encountered on exam day) - I’m through with the FRA and half through with the equity. Then, I’ll move on to equity, I’ll do all questions I can find on the code of ethics and the standards of professional conduct (i don’t think I actually need to go through the theory). However I WILL HAVE to learn all the other things in the Ethics section. Equity should cover 10% of exam questions. I’ll then go quickly with things that I basically already know (economics and corporate finance). And for the rest, I really don’t know, especially with derivatives and quant!
I meant Ethics should cover 10%
I am more or less leaving emerging markets valuation behind, but that’s the only reading I’m neglecting. F@ck that reading, i hate it so goddamn much, and it’s worth probly nothing
Any retakers: If I was to do everything except swaps, you think that would be alright, I havent looked at it yet, and dont want to waste too much time trying to work it all out, but I do have good grips on all the other material?
guys as a level 3 candidate i would honestly say that if you are seriously behind then leave out a significant portion of derivatives including swaps…am telling you this because even if you do spend (lets say 3 days) to master some of the material you might still not be able to answer the exam questions… if i were to repeat level 2 i would probably leave derivatives and stupid chapters like emerging markets…i think the topics which are going to give you the most are topics like statistics,equities,FSA and Fixed Income… imho p.s quant will surprise you because all are waiting for very hard formulas and calculations but the institute always finds a way to ask them in a conceptual way…make sure you get the basics there and should be able to answer 3 or 4 in a quant problem set…
hey In corp finance just read M&A and capital budgeting glance a bit of MM theories Equity try to read all valuation models - the last study session other readings just summary FRA - Pension , Multinational , Intercorporate Inv Portfolio mgmt - Portfolio concepts and Int’l portfolio management Even I am yet to complete Eco and AI …offcourse ethics has to be done too but I wouldnt take more than a day or two on that All the best
Definately skip derivatives. It is not something you will be able to learn in a short amount of time and it is potentially only 5% of the exam (5%-15% officially)
Learn absolutely everything in Equity, FSA and Ethics. This will get you to 50%. Then tack on more topics to get 70%. I would say FI and Corp Fin. Skim everything else.
Yes, trying to focus full on FRA and Equity, but let me tell you, these 2 topics are absolute NIGHTMARE. skipping portions withing this 2 sections too. a) Capital Lease, b) Emerging market c) Private company valuation d) SS 7
the emerging market section is almost useless. Pretty much all you need to know is to discount real CF by real rates and Nominal CF by nominal rates. for Capital lease, just remember that operating leases will have more favorable ratios than capital leases (better profitability, lower leverage). Private company valuation, i would learn the discount for liquidity and control, and the methods (like EEM and capitalization - not hard and pretty wuick to learn) SS7 is tricky, because there will definitley by q’s based off it. Definitely learn the accruals ratios i feel like it is easily testable