If you methodically do this approach, I can almost guarantee you will pass:
1. Watch Schweser Video on a study session
2. Read Schweser Notes on same study session
3. Do Schweser questions on the study session - mark what you didn't get right for later review
4. Do CFAI EOC questions on the study session - mark what you didn't get right for review
5. Writedown all relevant notes to this study session for yourself (create your own separate set of condensed notes). This was an ongoing process for me, where I would be watching Schweser Video in 1 screen and on a second monitor typing out my own notes.
6. Writedown a running list of all key formulas in a separate notes section (key formulas for this study session).
7. Create some flash cards (not too many) covering key concepts.
repeat this process for every study session. review your notes, do CFAI EOC a 2nd, 3rd time (especially the ones you got wrong). keep creating more flash cards when you screw up problems or cannot remember concepts. Do mock exams / review. create more flash cards and review all problems you got wrong.
I had a condensed set of personal notes, flash cards (whittled down from ~300 to 50-100 most important that I had trouble remembering), a set of formulas organized by study session, and a separate section of notes just for derivatives (exactly how to do each derivatives problem step by step).
Good Luck
Thursday
CFA Level 2 Candidate who Passed from First Attempt wrote this
Hi Mona,
I would like to share with u my successful experience in studying and preparing for my CFA Level 2 exam.
First of all allow me to thank you for setting the guidelines for me when i first started my journey with level 1, you told me whenever i finish a book to read all previous books once again before moving to the next book! And that’s what i have been doing for both level 1 and level 2.
I used Schweser to prepare for level 2, and solved CFAI end of chapter questions after finishing each Schweser reading. I started preparing for my June 2011 exam from December 1st, 2011, and using this method i moved in slow, but steady steps towards reading the whole curriculum. I finished the material 2 weeks before the exam day!! But i didn’t bother with reviewing because i already read all the books more than once.
I did the CFA mock exam and got disappointing results (as i did in level 1 mock) and used the remaining time (9days approximately) to focus on my weak areas using Q-Bank questions.
A point i need to emphasize here is that i didn’t use Q-Bank as extensively as i used it for Level 1, for one reason and that’s the lack of time. Level 2 was so challenging and at times i felt so down and just wanted to drop out, but kept reminding myself that after June 4th it will all be over and I have to give it my best so i don’t leave any room for regrets.
To sum it all up: Schweser + CFAI EOC is the magic words for passing level 2.
I would like to share with u my successful experience in studying and preparing for my CFA Level 2 exam.
First of all allow me to thank you for setting the guidelines for me when i first started my journey with level 1, you told me whenever i finish a book to read all previous books once again before moving to the next book! And that’s what i have been doing for both level 1 and level 2.
I used Schweser to prepare for level 2, and solved CFAI end of chapter questions after finishing each Schweser reading. I started preparing for my June 2011 exam from December 1st, 2011, and using this method i moved in slow, but steady steps towards reading the whole curriculum. I finished the material 2 weeks before the exam day!! But i didn’t bother with reviewing because i already read all the books more than once.
I did the CFA mock exam and got disappointing results (as i did in level 1 mock) and used the remaining time (9days approximately) to focus on my weak areas using Q-Bank questions.
A point i need to emphasize here is that i didn’t use Q-Bank as extensively as i used it for Level 1, for one reason and that’s the lack of time. Level 2 was so challenging and at times i felt so down and just wanted to drop out, but kept reminding myself that after June 4th it will all be over and I have to give it my best so i don’t leave any room for regrets.
To sum it all up: Schweser + CFAI EOC is the magic words for passing level 2.
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