Level 2 Retakers - June 2009

HI all I really had the feeling that this year CFAI WANTED TO REALLY KNOW if we studied EVERYT single subject , this year was same difficulty as last year however last year really hit the famous topics (Interest rate parity, translation , Cap budgeting). The Curriculum this year is larger with the big PE reading and taxes reading , by the way the PE reading is VERY VERY important if u want to pursue a career in PE or investment banking GOOD LUCK FOR US ALL :slight_smile:

This year might be better for me. Less distraction in life so I had more time to study and was better organized. I guess on the whole I planned things better than before. Hopefully I can pass Level II so I can move on with my life…

mdecav Wrote: ------------------------------------------------------- > rule of 70 was new. I always thought of it as > rule of 72. i think that both exist. anyways, can just underline what was mainly said before. i think it was definitely tricky, but doable. i studied more thoroughly than last year so in the end I was better prepared. I have a good feeling about it, but obviously anything can happen again. Last year I thought I smoked it and result was band 10, but in the end if I look back I did not deserve to pass it because some concepts were not totally clear to me. We’ll see August 18th how well we all did. Until then, enjoy the summertime, red wine and beautiful woman… :wink:

MONGOOSENY Wrote: ------------------------------------------------------- > this years exam was trickier … w/ that being > said … i was fooled as due to my lack of reading > comprehension i will be a band 10 again for 2 > years in a row … as i know i have failed … i > will comeback in 3 months to post my results … > until then i can’t think about this test anymore > … i can accept failure … i just hate having to > admit that i didn’t do well for the 2nd year in a > row … by the slimmest of margins … c’est la > vie I can feel for you. You get a band 10 because you missed may be 2-3 questions, that’s a bummer. I think CFAI should offer L2 in december and june so we don’t have to wait another year to write. May be I should suggest this to the CFAI? Any body else agree/disagree?

I would agree with you. Waiting one year is excessive and expensive. I would be fine if they made a rule that after you pass one level you have to wait one year before you can take the next. I know that would impact some of the Dec Level I to June Level II takers, but I believe the CFAI might agree with my change.

they should offer it in DEC but require a higher pass rate say 80%… that would help the annuity stream and I would certainly go for it after a close fail in june

I found it easier this year. Actually I shld say ā€˜less difficult’. Though I think it was due to better prep. Aug 18 will decide if the prep was better.