Hi all, I have started my CFA Level 2 preparation jst 2 weeks back…before that I was busy with my college exams…I am done with Portfolio Mgmt, Fixed Income…and will complete Financial reporting in another weeks time. I m at my home till mid of may after that I will have to join my workplace. I want opinion regarding schweser study material. What all topics can safely be covered from scheweser packages???..(for the rest I will try to stick to CFA Institute material). In anticipation of reply…
First of all note this is the view of a fellow Level II candidate and not a Level III candidate. Having read both CFAI and Schweser, I concluded that Schweser is good enough for all topics. Yes there are extra things in CFAI books but so far I have not seen them tested in mocks. That does not meen they wont be tested on the exam, but even if they were I do not think they would make you or break you. The TESTABLE material that is not covered by Schweser is maybe 1%. I am acing the Schweser mocks, and most my studying is using Schweser. Now that is kind of biased cause they probably made the mocks according to their own materials. I am going to take the CFAI mock soon, I will let you know.
My study schedule: Read flash cards of every topic (to see what I’m up against in brief summary) Watch video instruction of every topic and/or listen to audio summaries (ipod/ipad) Read all Schweser Secret Sauce – While reading, if there is something I don’t fully “get”, I google it and make sure I do. (I’m at this point now) Do/Read all EOC questions Do a mock exam Whatever subject I’m not happy with regarding my performance, I’ll mark to do a more thorough review. Last 4 weeks are dedicated to problems/mock exams, and rereading any topic are where I’m missing too many (easy) problems. And, meanwhile, I read this site for questions and responses. The refreshers and perspectives are good.