I’m just looking for some suggestions on how I should start my level 2 studies. I miraculously passed level 1. I completely skipped the textbook on Derivatives and Alt. Investments because I ran out of time and needed to focus more on FRA and Quants. I used only the CFAI books and resources. Here’s my result:
Alternative Investments 8 - - * - Corporate Finance 20 - - * - Derivatives 12 * - - - Economics 24 - * - - Equity Investments 24 - - * - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 48 - * - - Fixed Income Investments 28 * - - - Portfolio Management 12 - * - - Quantitative Methods 28 * - -
I believe that I was on the borderline of passing based on my buckets above. I did well on Alt. Inv (not sure how) and failed Derivatives. In L1, these are small weighted areas but in L2, the topic weights range from 5-10 and 5-15% respectively. This concerns me as I could get unlucky and get an exam with 15% Derivatives.
My questions is: Should I review L1 Alt Inv. and Derivatives content before starting L2? I plan on actually reading all the text books for L2, again using the CFAI books. For that matter, do you guys recommend reviewing all of the L1 curriculum as a refresher? I spent well over the 300 recommended hours of studying so I know I need to start earlier and study harder for L2.
Quants is by far my worst subject. I don’t know why, but I always struggled with it (I barely passed it in my undergrad). Maybe I should focus more on reviewing that instead?
I appreciate any feedback.