For personal reasons (and obvious ones, for that matter), I’m planning on taking as much time as possible to study for L2 and hope to sit in 2013. Does anyone know how significant the curriculum changes are year-to-year? For example, if I order 2012 materials, how valid will they be for the 2013 exam? Thanks.
2013? You would have to buy the books from ebay or something otherwise you would have to register for the 2012 exam to receive the materials. The curriculum usually doesn’t change materially from year to year, but sometimes the CFAI can throw a little curve ball. This year they included some of the L1 LIFO/FIFO inventory and PPE accounting that wasn’t in the curriculum the year before.
Also dropped DOL, DFL and DTL.
Some people can do it in 3 months -
If you buy the books now (before 25 August) you’ll get the discount, and can use the real exam (in 2012) as a test run for you’re planned exam in 2013. The experience from taking the actual exam has a value for you when you take it again the following year (if you have to do that). (If not, you don’t have a problem.)
All those trying to pass would appreciate the curve this added as well. 
I thought the first deadline for a ‘discount’ is September 21st…as per CFA site.
2 months, without a job. Everyday MINIMUM 5 hours. Don’t read the book, read schweser… Do some of the EOC question in the book… Last 2 weeks, start doing the mock exam REPEATEDLY…
I don’t like the idea of cramming for 2-3 months straight. It’s a lot more pleasant and safer to just study casually for a year or so.
99 cannon sloop Wrote: ------------------------------------------------------- > I don’t like the idea of cramming for 2-3 months > straight. It’s a lot more pleasant and safer to > just study casually for a year or so. +1 To me, it’s not all bout passing the exam at any cost. It’s also about what you gain from the materials, literally. Could you do so if cramming in just 2 months. Bottom line it’s about preferences and persistence. I believe persistence matters. You’d get what you put in.
maxmeomeo Wrote: ------------------------------------------------------- > 99 cannon sloop Wrote: > -------------------------------------------------- > ----- > > I don’t like the idea of cramming for 2-3 > months > > straight. It’s a lot more pleasant and safer to > > just study casually for a year or so. > > > +1 > > To me, it’s not all bout passing the exam at any > cost. It’s also about what you gain from the > materials, literally. Could you do so if cramming > in just 2 months. Bottom line it’s about > preferences and persistence. I believe persistence > matters. You’d get what you put in. This is what I plan to do. I’m going to be starting in a couple of weeks and studying well until the beginning of January. I’ll probably have to slow down a bit until March due to work stuff and pick it up again after that.
I crammed and passed L2 on my first attempt in 3-4 weeks (around 200 hours) not a good idea in my opinion because: 1) I bearly passed so I doubt the method is reliable 2) Way to much stress I did this not because I was lazy/procrastinating but because I had no choice. I work full time and was doing a part time MBA. However it is possible to accomplish and writing the exam and failing is still imo better than not writing it.
Personally, I would say the opposite, failling even once would be likely to freak you out and have a profoundly adverse effect on your spirit ( or whaterver) I guess. I’d rather delay and well prepare to make sure my performance is at its best.
Are u guys kidding me? The whole point of doing CFA is getting the designation - or to the lesser extent, telling ppl u passed a few lvls. Whether u got above 70 in all sections, or barely passed is irrelevant. Anything and everything can b learnt on the job. The designation proves u hav the ability to pick things up. I’d rather learn ineffectively with CFA but pass on first attempts, than fail once or more but know the whole thing.
im not bothered about the designation, it wont get you a job, i do the course so i understand the material
spaiydz Wrote: ------------------------------------------------------- > Are u guys kidding me? > > The whole point of doing CFA is getting the > designation - or to the lesser extent, telling ppl > u passed a few lvls. > > Whether u got above 70 in all sections, or barely > passed is irrelevant. Anything and everything can > b learnt on the job. The designation proves u hav > the ability to pick things up. > > I’d rather learn ineffectively with CFA but pass > on first attempts, than fail once or more but know > the whole thing. If you had studied the CFA coursework properly, you’d know to distinguish between fact and opinion.
http://www.finquiz.com/cfa_level_2_curriculum_changes_2011_2012 looks like CFAI dropped or revised several readings and added little for 2012. So you should be ok studying the 2011 books.
GoalCFACFP Wrote: ------------------------------------------------------- > http://www.finquiz.com/cfa_level_2_curriculum_chan > ges_2011_2012 > > looks like CFAI dropped or revised several > readings and added little for 2012. So you should > be ok studying the 2011 books. Thanks for this - very useful! Revisions look pretty much the same, but some topics were dropped/added.
I passed the exam by starting in January, half-assing it until February then becoming a study machine until exam day. Studied 2-3 hours a day, 6-10 hours on weekends, took one day off a week. Passed all >70 except econ (50-70). I really liked how I did it. If you study now you won’t remember a thing in June. I’ve already forgotten a bunch of stuff now. Better take a moderate approach; no cramming, no huge study period. Middle of the road!
grumble Wrote: ------------------------------------------------------- > I passed the exam by starting in January, > half-assing it until February then becoming a > study machine until exam day. Studied 2-3 hours a > day, 6-10 hours on weekends, took one day off a > week. Passed all >70 except econ (50-70). > > I really liked how I did it. If you study now you > won’t remember a thing in June. I’ve already > forgotten a bunch of stuff now. Better take a > moderate approach; no cramming, no huge study > period. Middle of the road! I have a pretty good memory and are systematically reviewing key points through notes and flashcards. I think that depends on the method of study and the type of person. Speeding through the readings of course you won’t remember any of it before long.