Just putting it down as I thought it may be useful to somebody in one or other way. My back ground: nothing related to finance or any other mgmt… other than few basic b-school courses, as a side, I have taken during my Engineering Masters. So, I would say the stuff I learnt during my 2009 June Level 1 was my major background. I work full time with most Fridays off and I took off the week before the exam. Because of my other very important constraints, I had to do this in 40 days, including the exam day. Following was my study material, schedule and the results: Study Material: Complete Schweser Study Notes. Schweser Videos (study session 5 to 11) One CFA Mock (Morning Exam) Schedule: 27th April, Tue: 14) Economic 15) Reg & Anti Trust 16) Trading wi th the 28th April, Wed: 17) The Ex Rate and 18)Currency 19) Forex Parity 20) Measuring 29th April, Thu: Vidoes SS 5 30th April, Fri: 21) Intercorporate Videos SS 5 1st May, Sat: Videos SS 6 2nd May, Sun 22) Employee 23) Mul t inat ional 3rd May, Mon: Videos SS7 4th May, Tue: Vidoes SS 7 5th May, wed: 24) The lesson we 25) Evaluat ing 6th May, Thu: 26) Integrat ion of 7th May, Fri: Vidoes SS 8 & SS 9 8th May, Sat: 27) Capi tal 28) Capi tal 9th May, Sun: 29) Dividends and 30) Corporate 31) Mergers and 10th May, Mon: Vidoes SS10 11th May, Tue: 32) A note on Asset 33) Equi ty 34) Equi ty Markets 35) Return Concepts 12th May, Wed: Videos SS 11 13th May, Thu Vidoes SS 11 14th May, Fri 36) Equi ty Concepts 37) The f ive 38) Indust ry 39) Valuat ion in 15th May, Sat: 40) Discount in 16th May, Sun: 41) Free Cash Flow 42) Market Based 17th May, Mon: 43) residual Income 18th May, Tue: 44) Private 19th May, Wed: 45) Investment 20th May, Thu: 46) Income Property 21st May, Fri: 47) Pr ivate Equi ty 48) Invest ing in 49) EValuat ing the 50) Buyers Beware 22nd May, Sat: 51) General 52) The Liquidi ty 53) Term St ructure 54) Valuing bonds 23rd May, Sun: 55) Mortgage 56) Asset Backed 57) Valuing M 24th May, Mon: 58) Forward 59) Future Markets 25th May, Tue: 60) Opt ion Markets 61) Swap Markets 26th May, Wed: 62) Interest Rate 63) Using Credi t 27th May, Thu: 64) Port folio 28th May, Fri: 65) A note on Harry 66) Internat ional 67) The Theory of 68) The port folio 29th May, Sat: Ethics 30th May, Sun: Ethics & Quant 1st June: Quant 2nd June: Revision 3rd June: Revision and one Mock 4th June: Revision 5th June: Exam Results: ----------------------- 6236882 Dear Ramamohan Reddy Bommavaram, Your results for the June 2010 Level II CFA exam are below. The pass rate for June 2010 Level II was 39%. If you have questions or comments, please contact us. Level II: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Corporate Finance 36 - - * - Derivatives 36 - - * - Economics 18 - - * - Equity Investments 72 - - * - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 * - - - Fixed Income Investments 36 - * - - Portfolio Management 18 - * - - Quantitative Methods 18 - - * ----------------- It was a good feeling to know the result. I was not 100% confident. Morning exam was bad and after noon exam was good. Few things to share: :: 40 day plan? Easy – No, Possible – Yes. :: In total I must have spent close to 120 concentrated hours. :: Schweser videos were good to get the ball rolling, at the start. After a while I had to leave them because of the time constraints. :: After the exam I felt that I would have been in a much better position to face the exam had I taken few more practice tests. I just took one (CFA Morning Mock) and If I remember correctly I scored around 70%. :: Sticking to study plan and making my own notes for quick revision was the key. And more than any thing else, I really liked reading that stuff and never felt bored. :: In the whole process I was more inclined towards learning the stuff than the exam itself. If some one choose to/has to follow this path and pass the exam, my best wishes to them. They’ll need many!
respect
Great! !!! respect!
hey, I probably spent a little more time then you. Seems like u have a good plan. But I’ve never watched the videos, what is the difference between that and ready the schweser notes? Does it just save time? thx.
It really is more about quality of study vs. quantity!
When I read about people passing after just 40 days of studying it really makes me feel like an idiot for having failed after nine months of studying.
> If some one choose to/has to follow this path and pass the exam, my best wishes to them. They’ll need many! Key point quoted – OP’s result is well above the 90 percentile of users on this forum who have posted their progress, from what I’ve seen. If anyone reading this is thinking about doing anything similar, an honest self reflection is called for. The other ‘40 day’ plan by an actuary did not go as smoothly.
@ JudoSweep what is the difference between that and ready the schweser notes? “Notes + Videos” > Notes > Videos Notes has all the content they have in videos and few things more. But, if the instructor is good, videos would help to have a better grip on the subject. Does it just save time? Not exactly. In fact, with my schedule, I found it is the opposite. Videos, along with notes, definitely helped me to have a better understanding but I found it time taking and couldn’t fit both into my schedule after a while. My idea of using videos was to get into serious study mode at the start. Thanks
I tried L2 this year with a ~50 day plan but failed Band 8. I didn’t intend on condensing my study schedule down to that level but, sometimes life throws you a curve ball and you learn to deal. I ran out of time on FRA and never really had time to master all of the concepts before the exam date. I know that I went 6/6 on the Pension Accounting but, I ended up with a <50 in the subject area so I must have ultra bombed the other 18 questions. 40 days is certainly possible although not advisable. There are so many outside variables that could derail your study time.
I can tell you are really into the material
Proceed with caution into level 3, my friend. And good luck.