I have 2 kids (son 4 years and daughter 2 years)… My son was born in April 2012 as I prepared for the L2 exam; it was a hectic time as my wife (and most-not most, all women do) tried to weigh my husband and fatherly qualities. It’s very difficult when it’s your first child… she expects you to learn how to change diapers… change the baby almost all times since she is recuperating… soothe the baby to stop crying… it’s a time when your love for her and the baby is put on a weighing machine. Needless to say, I failed the L2 exam (at borderline) in 2012.
I took L2 again in 2013 as a father of one son..Me being me, I found myself struggling to study as I juggled taking care of the baby late in the evenings and watching NFL games… I watched Monday & Thursday night games and fed the baby when he woke up at night – as such, I couldn’t manage to wake up to study in most days. The pressure at work was also too much. I failed the L2 exam at borderline again.
In Sep 2013, my wife became pregnant with our second child… and that meant that the expected birth date was around the first week of June 2014 – the exam time. I thought I was screwed and doomed to fail again… My son was now walking and trying to talk… it was an exciting time; and I enjoyed spending time with him. I started studying in December; but this time it was easier because everything in the curriculum was familiar. I would get home from work at 7-8pm, spend at least 1hr with my son, chat with my wife and study when they both slept at about 10. I would study for 2hrs, sleep at midnight and would wake up to study at 5am-7am before preparing and going to work at 7.30… it was easier because my wife had taken a sabbatical leave then. By the end of April 2014, I had gone through the entire curriculum. My daughter was born on the night of the exam. I spent the month of May (including 2 weeks’ vacation) doing some revisions and reviewing mocks. I passed the June 2014 L2 exam with all subjects over 70.
Come 2015, I was ready to tackle the Level III curriculum… I enjoyed the 2014 summer with my wife and kids… My son was all-grown – now a strong boy to kick a soccer ball, so we spent time doing it. Surprisingly, with our second baby (a girl), my wife did not demand much time from me as long as I fed our son. I started studying in January 2015. I would take time to feed our son and would study when they all slept at about 10… I would wake at 5pm… I felt very well prepared by June 2015… But like my other Fails, I was hit with a Band 10… My AM score was awful while my PM was a surprise… Ethics failed me!!! see my exam result here >>>
http://www.analystforum.com/forums/cfa-forums/cfa-level-iii-forum/91344838
2016, I found it easy to remember the material… I started studying in February after spending the entire last half of 2015 working and enjoying time with my wife and kids. My strategy was to go through the curriculum one time – I did so by end of April. I spent the entire May tackling MOCK questions and real CFA - AM exams. I felt well prepared by June.
I have been feeling like I did better in the 2016 AM than I did in 2015 AM exam… 2016 PM was however tricky; I doubt I can record a score similar to my 2015 PM score – that’s the only thing that has been worrying me.
Back to op; with kids, it’s better to have a firm strategy – do not follow mine – as you can see I have not fared well… I think you should start early and stick to your strategy – you will be okay.
!!!My native language is not English!!! .. I am just an American born in Guam