Started with CFAI books in November, and didnt find them good(also I didnt understand much). By Mid November, I dumped my CFAI books and started with Schweser. I read the whole scheweser material twice and did not do any questions. It took me 4 months to complete the two rounds of Schweser. During the second read, I was making notes so that I dont have to go over the books again. In April I started CFAI questions and was revising two readings every day from my notes. Note that I did not do a single schweser eocqs. By mid may, I was almost done with all readings and eocqs. Fifteen days before the exam I did my first half CFA mock and scored 66%(my first and my last l2 mock). I re read my notes twice in the last 15 days and was trying to memorize the formulas and important concepts. I didnt pass level 2 with flying colors but still I was able to clear it on my very first attempt.
Also note, I did not touch Ethics at all, and thats the reason I got below 50 in ethics.
Congratulations for passing L2. I think you were lucky to pass and I would probably advise all others to do more problems, CFAI questions and mocks and review the ethics portion. See you in the L3 forum. Cheers, IWP
Why would anyone “not touch Ethics at all”? It’s like 10% of the exam.
Well there were plenty of topics floating around here about people punting the smaller weighted topics and based on some of the score matrices I saw in the band fails… well it showed that’s not advisible. I saw people who cleared 70 on FRA and Equity and still fail. And like you said, Ethics is a medium weighted topic.
Protip: points are points. Try to know everything.
Thanks… Yes, It was my mistake that I didnt touch Ethics at all and I had no idea that I would fail Ethics, but due to the shortage of time I thought It would be much better to spend time on FRA & Equity. In level 1 I clocked around 600+ hours and in level 2 I hardly clocked 400 hours. My L1 & L2 results are shown below
L1 >70 in all expect Quant(50-70)
L2 >70 corp, derv, quant, fra, equity.
50-70 alt & fixed income
<50 eco, ethics, pm.
Good luck everyone!!