When to start studying for June 2017

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Hi, I have just cleared my level 1 this June. This was my second attempt (ideally first, dint prepare for earlier one). I will be registering for level 2 in June 2017. I am from commerce background. As i am working, I can only spend 2-2.5 hours in weekdays & 6-8 hours or maybe more in weekends. Please suggest me the level of difficulty & the ideal time to start for june 17.
Also, I am planning to study from Schweser only (used that in level 1). Will that be enough or i need more?
Please Help.
 
Study Schweser only….. however attempt the questions on curriculum…… schweser quality for level 2 questions is not very good. but notes alone are enuff to help you pass….
do read the ethics , soft dollars and ROS from the curriculum……
i guess you should start in November…. if you start right away you risk burning out in the middle of studies….
best of luck
 
BhavikNagda wrote:
Hi, I have just cleared my level 1 this June. This was my second attempt (ideally first, dint prepare for earlier one). I will be registering for level 2 in June 2017. I am from commerce background. As i am working, I can only spend 2-2.5 hours in weekdays & 6-8 hours or maybe more in weekends. Please suggest me the level of difficulty & the ideal time to start for june 17.
Also, I am planning to study from Schweser only (used that in level 1). Will that be enough or i need more?
Please Help.
Click to expand...
it baffles me how many scared students are on this forum. Some of you sound like they never opened a book before or worse, like the CFA exam is the most difficult and important exam they will ever do.
I do understand the pressure, but how about putting some heart in what you study and being seriously passionate about it?
Whichever books you choose, is key to go over the topics several times, and do a lot of questions and mock exams. 10 hours a week on average is good enough (that’s what I did) - do a simple calculation and see how many weeks do you need to do 300 hours. I do it for you: about 6 months, and the last week before the exam go full time. And stop reading this forum, you will just wait so much time.
For the records, I started end of november, but had 3-4 weeks off over the 6 months. And I did schweser only, reading ethics from the curriculum (it is much better).
 
The level 1 and 2 arent that hard. So long you study the curriculum prescribed text, skip some light weight topics, you will pass. But if you intend to score all above 70 and be a top performing candidate do the more than the curriculum books and study all topics. I didnt really care so long as i pass because no one asks what your score is.
 
Schweser is enough for level II. I only learn from schweser book. However, do the mock exam on CFA website as many as possible. Start early, around december to January.
 
BhavikNagda wrote:
Hi, I have just cleared my level 1 this June. This was my second attempt (ideally first, dint prepare for earlier one). I will be registering for level 2 in June 2017. I am from commerce background. As i am working, I can only spend 2-2.5 hours in weekdays & 6-8 hours or maybe more in weekends. Please suggest me the level of difficulty & the ideal time to start for june 17.
Also, I am planning to study from Schweser only (used that in level 1). Will that be enough or i need more?
Please Help.
Click to expand...
L2 is much more difficult than L1. You will fail if you do not put right efforts. I spend good 400 odd hours to pass this level. So work accordingly.
 
The actual efforts you need a pass quite depend on your academic background and English proficiency.
I’m with Statistics and Economics background and fund management/analytics experience, that made my life easier for Quant Method, Economics and Portfolio mgt. Schweser notes present the LOS at a good balance between comprehensibility and succinctness. So, it’s enough for the study.
Passing level II certainly requires extraordinarily huge effort and determination in one’s mind, I started reading last Nov, finished the reading in Mar, then I summarized the concepts and formulas in my own notes, because there’re too much to memorize, but it is a MUST to understand and memorize everything because a question in Level II weighs higher marks than in Level I, and each item set may contain some low-hanging fruits, so it’s not extremely difficult to get over 50%. In the final month, I attempted ALL the CFAI sample item sets available online and its final mock exam. Total hours of study were over 400hrs.
My results are satisfactory, all topics over 70% except a mid-range for Ethics. it’s all about hard work!
 
I started in early January and did about the same amount of study as you propose and did well. 70% in all but two sections. I just studied from Schweser and did the CFA EOC questions and the online topic tests and 10 mocks in the last month. I had the week before the exam off as study leave from work.
Key is to create a plan and stick to it. The Schweser online study planning tool worked well for me.
 
ponch1080 wrote:
BhavikNagda wrote:
Hi, I have just cleared my level 1 this June. This was my second attempt (ideally first, dint prepare for earlier one). I will be registering for level 2 in June 2017. I am from commerce background. As i am working, I can only spend 2-2.5 hours in weekdays & 6-8 hours or maybe more in weekends. Please suggest me the level of difficulty & the ideal time to start for june 17.
Also, I am planning to study from Schweser only (used that in level 1). Will that be enough or i need more?
Please Help.
Click to expand...
it baffles me how many scared students are on this forum. Some of you sound like they never opened a book before or worse, like the CFA exam is the most difficult and important exam they will ever do.
I do understand the pressure, but how about putting some heart in what you study and being seriously passionate about it?
Whichever books you choose, is key to go over the topics several times, and do a lot of questions and mock exams. 10 hours a week on average is good enough (that’s what I did) - do a simple calculation and see how many weeks do you need to do 300 hours. I do it for you: about 6 months, and the last week before the exam go full time. And stop reading this forum, you will just wait so much time.
For the records, I started end of november, but had 3-4 weeks off over the 6 months. And I did schweser only, reading ethics from the curriculum (it is much better).
Click to expand...
LOL
 
Is quite amusing the effort that “ltj” puts in provoking. Once he/she was shut up in a different thread, he/she thought it was appropriate to waste more time commenting as above. Even more amusing is that he/she keeps dedicating much of his time to this forum, well after he/she got the charter. By the way, how did you obtain the charter if you are 12 years old? Relevant work experience needs some checks here ;)
Good luck!
 
Praz Logic wrote: I didnt really care so long as i pass because no one asks what your score is.
Click to expand...
That’s a loser’s mentality in my opinion - no one asks your score so why should you care? Come one. You should strive for better than that.
My advice would be, since you took lvl 1 twice, use the formula you used when you passed the second time around. Level II is more difficult but your preparation should be similar. Obviously not preparing came back to bite you the first time around. If you studied for 150 hrs and failed but then studied for 500 hours and then passed - then studying for 500 hours is your formula. Everyone is different. I put in about 600 hours last year for level II and passed my first time around with flying colors. That is the formula that works for me and that I used for level I and will use this year for level III. Each person is different and there is no hard and fast rule.
Using Kaplan alone for the readings is fine but also use the CFAI material for questions/practice vignettes so you get a good mix.
Good luck.
 
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