How to pass when you do not have time for study?

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Fedka

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Hello,
I passed CFA Level 1 this year and have registered for level 2.
By that time I was still working as financial analyst and had some thought about my future carreer.
For now I have switched to another job. Industry itself, where my company operates is far from financial world. My position is up level management, don’t have time at all and I have to push myslelf hard to do this 400 plus hours study in order pass level 2 and attain the skills which I guess I am not gonna use at all.
So, problem is - lack of time and motivation.
Anyways, I still have something inside which makes me to keep up studying and give a shot.
Please share your experience, if there is slight chance that someone who has good background pass level 2 without reading notes and just doing lots of mocks. If you advice, I might purchase Schweser 6 mocks and review the answers. It will probably take 100-150 hours max. Will it be enough?
Thanks
 
I cant speak with too much credibility but I’ve started reading through l2 notes for first time, and it’s a different ball game. Big step up. Would find it very hard to believe anyone could pass this exam without reading the curriculum.
 
I’m in the same boat, completely different ball game for L2. I’ve heard of a few people passing on 200 hours but they must be EXTREME outliers.
 
I just cracked into level 2 and just finished the first reading in quant and I can tell you it is already a whole new ballgame. All new stuff and well advanced from the first round. And this is in the first reading covering Single variable Linear regression. Looks like I am headed into multi-variable linear regression next!! Whoohoo
 
Level 2 is substantially harder, more forumla, more difficult questions, worse readings. They actually dropped some readings, which gave me a little hope, but now that I’m back reading the CFAI material to see what is new, my motivation is low. I made the decision to spend a lot of time making notes and study materials the first time I took Level 2, so I had hoped to spend most of my time reviewing those and working on my weak spots and then a whole month on or so on practice exams.
With all the published pass rates which ignores the “no shows” completley expecting Level 2 to be easier when everyone says it isn’t is naive. Level 3 pass rates sometimes improve because Level 2 weeds out so many people.
 
There is no short cut to success. You need to have a good grasp of the topics, especially the ones with higher weightages. Strategies adopted during Level I exam need not necessarily work for Level II exam. Level II is more into analytical framework as compared to Level I. Reading the curriculum, revision, practice, review and mock tests are pretty much the secret to success. Level II requires twice the efforts & dedication.
 
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