A Collection Of Study Tips For The CFA Level 2 Exam
We're now well into the countdown for the CFA Level 2 exam in June. In fact, I'm about to teach a few sections of the CFA prep class I teach in a nearby city. So, the exam (and the preparations for it) have been on my mind, and I thought I'd start putting down some tips on how to approach the beast. First off, don't take it lightly. Although a good number of people pass Level 1 with only a month or two of studying, realize that the Level 2 exam is much more difficult. While pass rates are similar for Levels 1 and 2, the pass rates for Level two are based on a much more select pool- all people sitting for the Level 2 exam are in the group who've already taken and passed the Level 1 exam. So, treat it with a lot more respect than Level 1. The best description of the difference is that the L1 exam is "a mile and a foot deep" while the L2 exam is "a mile wide and a mile deep". A smart undergrad from a good program will probably reco...