Worst part of failing level 3

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danv0330

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Knowing that ”kids” who just passed level 1 in December and now passed level 2.. will be sitting with you next year..
 
Those of us with kids….having to neglect them again for another year of study :(
 
Schrödinger’s cat.. you haven’t failed untill you check the email or attempt to apply for the charter
 
danv0330 wrote: Knowing that ”kids” who just passed level 1 in December and now passed level 2.. will be sitting with you next year..
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Can’t you just throw bricks at them?
 
2nd kid due for November. Can’t put my family thru this again. Plus it looks like I might get promoted at work (i.e. longer hours and more travel ahead). It does sound like this exam was CFA do or die for me .
 
Had my first in late November. About 95% sure I passed with a supportive wife on mat leave. On the off chance i failed, going through it the second time would be really tough since the wife won’t be on mat leave anymore.
Family > CFA
 
kurtosis2014 wrote:
Had my first in late November. About 95% sure I passed with a supportive wife on mat leave. On the off chance i failed, going through it the second time would be really tough since the wife won’t be on mat leave anymore.
Family > CFA
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Take this from a guy that failed L1 and L2 the first time I took it, if you really prepared well the second time is easier. The first time I took L1, I treated like it was undergrad and really studied for like 2-3 weeks. I had to study like crazy the second time.
My experience with L2 was different. I really studied hard but took L1 in December so I didn’t have enough time. Retook it the following year and studied hard but only had to put in like 150 hours – or like 3-5 a week – and passed it.
Hopefully you passed and this whole thing is a moot point, but the second time is easier. FWIW, I think this will be the first test I passed on the first attempt. Go figure ¯\_(ツ)_/¯
 
CFAbeatmeup wrote:
kurtosis2014 wrote:
Had my first in late November. About 95% sure I passed with a supportive wife on mat leave. On the off chance i failed, going through it the second time would be really tough since the wife won’t be on mat leave anymore.
Family > CFA
Click to expand...
Take this from a guy that failed L1 and L2 the first time I took it, if you really prepared well the second time is easier. The first time I took L1, I treated like it was undergrad and really studied for like 2-3 weeks. I had to study like crazy the second time.
My experience with L2 was different. I really studied hard but took L1 in December so I didn’t have enough time. Retook it the following year and studied hard but only had to put in like 150 hours – or like 3 a week – and passed it.
Hopefully you passed and this whole thing is a moot point, but the second time is easier. FWIW, I think this will be the first test I passed on the first attempt. Go figure ¯\_(ツ)_/¯
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No doubt it would be easier the second time around with less time required in general if all things were the same. Maybe it is different for me than some other people who had kids but my daughter wakes up constantly in the middle of the night (8 months in) and my wife had been handling that mostly cause she’s on mat leave and I was working and studying.
I didn’t study a lot for L3 (maybe 150 to 200 hours max), but they were good quality hours. I don’t underestimate the effect that sleep has on a person’s ability to function in general. So, all in all, if i had to re-write, I think it would be tougher next year.
Either way, hope you passed too.
 
I’m a parent too and it gets harder to study as they get older, my son is 2 and a half now and a handful lol! My wife won’t tolerate anymore of me studying so it’s do or die for me too! Hopefully the hard work and sacrifice has paid off. Good luck to everyone! Maybe see u all on here with good news on 9th August (I won’t be on if I fail lol)
 
Hope you guys passed it as well. If God forbid you don’t, and find the will to sit again next year, I found that studying in the early mornings before work and on weekends to be great with young kids. I did this for my shot at Level II this year and really got into a groove. Not everyone can manage this of course, and getting up at 3 to 4am every day can be rough in the beginning, but it definitely minimizes the loss of family time and can be easier on the spouse.
 
I hate for four months straight, running at 60% energy for everything else in life (health, time with wife kids, work)
I studied late at night, 9-11 or 9-12.
Next time I will study early morning.
 
I used the same strategy too of waking up early and getting as much studying done which frankly was very helpful in retaining all the information. After work my retention rate was low for sure
 
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