Uploaded on Sep 28, 2022
Tips To Pass CFA Level 2 Exam
Tips To Pass CFA Level 2 Exam
FINOMINAL EDUCATION
Tips To Pass CFA
Level 2 Exam
In spite of many frequent exam slots per year with computer-
based exams, it will take 7 to 8 weeks for CFA Level 1 results to
be announced.
Introduction
Adding with the fact that there needs to be a
minimum of ~6 months gap between the
exams taken, many candidates – especially
CFA Level 2 candidates – find they have just
4 months to prepare for the next level.
With CFA Level 2 increasing in depth and
scope compared to Level 1, CFA Level 2 in 4
months is no mean achievement. And
unquestionably not something you want to
repeat.
1) Enjoy your short
time off after Level 1
It can be inviting to rush straight in to prepare for the CFA Level 2
exam, even if you’re proportionally confident of a Level 1 pass.
although, this strategy is likely to misfire as there is an increased
risk of collapse without a break from studying. It will also give you a
good opportunity to spend quality time with friends and family
whom you may have ignored a little during your Level 1
preparations.
hang out with family and friends, relax, read (non-CFA) books or do
some gardening or DIY projects. It seems like a ‘waste of time, but it
all adds up to your give later when you start studying. Trust me 🙂
2) Check that your study 3) Set targets on finishing 4) Use your study
plan which actually works books, and stick to it materials wisely
You also know that CFA Level 2 With the advice-guidance of leaving the Given the small study window,
covers the deepest knowledge and last month for review and doing practice it is questionable if you have
widest among the 3 levels. So you paper questions, this takes you 3 months sufficient time to read through
definitely need a powerful study to complete your first round reading of 6 CFA Institute’s books in 3
plan. books. Don’t be worried about not months. My suggestion here is
Firstly you need to assess and create reading in-depth for sections you have to use a well-thought-of third-
if your study plan is practical. We had to rush, because you’ll confidently party provider to help go
have an amazing, free, and catch those during the last month of through the study materials
customizable study planner you can practice sessions and review. Your succinctly, and use FINOMINAL
use here. mistake of diverging is more serious, as INSTITUTE as a good source of
Usually, CFA Level 2 candidates take it will take over 4 months and you may reference and supplement
328 hours of studying time. In some find that you’re 1 book behind by the end when you’re at the end of
experience, we think 350 hours of of 3 months of reading, which would chapter (EOC) questions. Also
studying time is more practical for a heavily affect your chances of passing. an additional cost, it will save
good chance of passing, especially if Now, once you’ve created your study your study time, which is hard
done in 4 months plan and learned to stick to your if you have to do CFA Level 2
timelines no matter what happens, let’s in 4 months!
move to the next best strategy.
5) Don’t worry too
much about study
order
With an aim to finish reading 2 books
per month for 3 months, you may be
surprised if there is any particular order
of topics you should study first or last.
The typical suggestion for candidates is
NOT to start reading Ethics first, leave it
for the end of their studies. This is also
shown in the latest 2022 curriculum
whereby Ethics readings are moved to
the end.
Other than that, you can study in the
order of the syllabus, follow what we
think is a typical order of topics to study
for Level 2 or decide on your own what
motivates you to get the way.
6) Start studying
earlier, if you can
Even if all the study juggling work, planning, and
life commitments work, it can be helpful to try to
start studying earlier after 1 month of rest. This is
because you can increase an emergency buffer, in
case something happens in life/work that may
delay your very tight schedule. Having an
emergency situation if you can just make sense as
it increases your chances of cracking the exam.
A good practice is to check out the latest CFA
curriculum changes and start studying sections
from the old or existing Level 2 syllabus that don’t
have many changes. You can no doubt get the
existing syllabus cost effectively or borrow from a
colleague.
There are various complicated and delicate
abilities required for accountants at the CFA level,
that when grown appropriately, can assist with
setting the establishment for a fruitful profession.
You can lay the basis for a productive CFA career
with the right assets, yet more significantly, the
drive to better your range of abilities. Finominal
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Finominal Education is the best launchpad to gain
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