Main changes from Level I to Level II?

CFA Level II
#1

I just passed Level I and was wondering what the main differences in Level II are? Which subjects are covered in more depth, etc? Thanks!

#2

http://www.cfainstitute.org/cfaprog/courseofstudy/topicareaweights.html

#3

Dude, seriuosly, they’re all covered in more depth, it’s all harder, and it’s entirely different. 2 months into the LII material you will realize that you could sit LI the next day with no studying and pound it out.

#4

Thanks, zenji

#5

Will there be any need for me to revise my level 1 material? Cause right about now I feel as if I have forgotten everything I ever learnt in my level 1

#6

No. You get an entire new cirriculum, but anything that is repeated is also reprinted in optional segments in the books. 75% of Level 2 is new material, but that new material is an extension of Level 1, but much more specific. You’ll need to refer back to your Level 1 materials from time to time, but for the most part, Level 2 is Level 2. In other words, you won’t be asked to find the intersection of a marginal demand curve with long-term supply curve, but you’ll take basic concepts learned about fixed income and build on them to learn more about valuation and risks.

#7

prometheus231 Wrote: ------------------------------------------------------- > Will there be any need for me to revise my level 1 > material? > Cause right about now I feel as if I have > forgotten everything I ever learnt in my level 1 I’d make sure you remember a lot of your FSA stuff from level 1 because there is a pretty tough Financial Synthesis section a level 2 that would be really, really difficult if you forgot everything you learned. But you remember more than you think you do right now. I promise.

#8

thanks guys – good thread!!!

#9

Looks like cfa institute is not kidding when they say you should be able to solve your End of Chapter problems in LI. I can’t remember anything, i swear. I also skipped all of economics in L1.

#10

haha i can’t remember shit either :frowning:

#11

p.s. congrats on passing peppmaster

#12

Black Swan Wrote: ------------------------------------------------------- > Dude, seriuosly, they’re all covered in more > depth, it’s all harder, and it’s entirely > different. 2 months into the LII material you > will realize that you could sit LI the next day > with no studying and pound it out. Swan, the real question is how do you think you would do on the level 2 exam today?