CFAI
Used only Schweser for L2 and passed in the first try. But definitely did all the EOCs, very important
Used only Schweser for L2. I revised everything in the last week.
Used CFAI texts exclusively but also used schweser as an “end of chapter summary/highlights” kind of way to clear things I may not have understood and retention of info. Again, it depends on the person - many people have easily passed with just schweser. I personally enjoyed reading the texts and EOC are great. From that last statement you can tell that I logged a lot of hours. My girlfriend didn’t like that. Schweser practice tests were also great to drill in the content and to figure out weak areas. Averaged 65% on the practice tests - kind of wordy and extremely numerical not like the real exam, but I managed to pull >70% in all areas except ethics. Exam questions are not as wordy or at least that is what I thought, but damn tricky!
drgonzo Wrote: ------------------------------------------------------- > Used only Schweser for L2 and passed in the first > try. But definitely did all the EOCs, very > important Ditto - use CFAI for EOC questions and work them a couple of times in the last month before the exam. I didn’t even crack the actual text part. Also, I wasn’t a flash card guy in college, but I probably had 500 cards for L2 that I reviewed once or twice per week. That really helped with memorizing formulas and key concepts.
I failed L2 twince, first time mostly using Schweser (study notes and video) and second time both CFAI and some Schweser. Both times band 9. I passed this time but basically only used CFAI, EOS (twice) BSAS Mock, a couple Schwser mocks. But what I found really helpful was the Schweser MP3. Helped solidify what I learned, months after I even read the text. When I wrote the second time I thought all I needed to do was improve where I was weak. Low and behold, I did poorly on the stuff I did well on the year before. I went in this time with the mindset that I needed to well in everything and there were no easy points. Had to pull my socks up in der, quant and PM, my weakest subjects by far. I think that change in mindset helped. I aced all 3 and think it was the difference this time The amount of reading and retention is crazy absurd. None of the stuff is super hard, it’s just the volume of it makes it really tough. I thought I picked up points by knowing certain subtleties in the answers. That’s where I thought the MP3’s really helped. Plus you have top know the formulas COLD! You can’t waste your time trying to remember them in the exam.Test is a beast and they can twist and turn it from year to year as it took me 3 tries. Hope this helps To answer your question, I’d stick with the CFAI and use Schweser only to compliment.
people actually use the CFA tesxts?
I passed level 2 this June by: Studying 1st book on CFA (as schweser notes wasn’t delivered yet) Rest of the Curriculum on Schweser Notes. Answered all CFA EOC questions, did not bother with Schweser EOC questions Did a second pass on Schweser Notes Did a second pass on CFA EOC questions (with reference to Schweser Notes and CFA text if I didn’t know the answer) Took Schweser Practice Exam Vol 1 Took CFA Mock On day of exam: Had a bowl of Lucky Charms for breakfast P.S. - as there are only 160 questions on this exam, luck also plays a factor.