- Never start too early ( starting Mid of Dec beg of Jan is the best thing)
- stick to your study plan
- Don't wait until you finish your study session to solve Qbak Question
- solve Qbank after each reading
- once you finish book one , dont start book two until you review book one again + solve 60 question test for the whole book
- once you finish book 2 , review book 1 + 2 again and test your self again
- once you fninish book 3 - review book 1 + 2 + 3 , and test your self using either Qbank or CFAI EOC
- you continue this process until you finish all 5 books from schweser - take max a week to review them (read summaries and formulas)- then take a full test ( i bet you will score 30% not less then 50% - dont panic this is normal)
- Finish the material at lease 6 weeks before the exam
- the most important part is the second time you read the material BUT
- it should be less reading - more into reading summaries ,and more solving Q's
- by arriving to step 6 will you have 5 weeks to solve MOCK exams!! the tricks in solving mock exams
- solve all CFAI text book EOC (end of chapter question) they came approx the same formate and more realistic than schweser
- solve them not less than 2 to 3 times during your study plan
- solve Schweser Book 1 and Book 2 practice exam ( highlight your mistakes so you can review you them later)
- solve CFAI free Mock Exam
- Purchase 2 sample exams on the CFA site for 40$ each
- this process will take you 3-4 weeks
- last week before the exam review all the fomula and try to solve at lease one question on each formula you write on your formula sheet.
Alterative review method that helped:
Schweser Videos where a big help, sometimes you are tired from reading or reviewing , so waching and listening might kill the routine.
Qbank:
yes its true that Qbank is not that important in L2 as it was in L1! BUT it is the only took that will help you memorize all the formulas ad will help you understand the basic concepts and understand the readings by practicing these questions
There are more than 4000 Questions in Qbank try to solve not less than 50% of it
CFAI EOC ( CFA institute End of Chapter Questions ):
These are the most important element in your study plan ... while finishing each reading and solving schweser end of chapter "concept checkers" solve these next.
solve them more often ( once while finishing from each reading, in your end of book 1 review (step 4) then again once you review your 5 books as a whole, and again in while you are at the final stage or reviewing, finally do it with your Mock exam ) that way you make sure these questions are drilled in your brain. they where closer as a format to the exam question ( difficulty varies though)
P.S:
- try not to travel (like i did 3umrah, dubai, bahrain, canada, los angeles, and NY) while studying even though you feel you still have time! the Jet lag from the states trip took 3 weeks to adjust!
- never even think to take a course for CFA L2 , waste of time and MONEY!
