How can i prepare for the cfa level 2 exam?

Don't underestimate the questions at the end of the chapter. Level 2 is much more difficult than level 1 simply because it's more intense: Level 2 goes deeper and the details it addresses (and tests with) are greater, since it's more focused on the application. CFA Institute preparation providers are prohibited from including in their products and services simulated questions for the official CFA Institute exam or any other question other than the final reading question. I don't ask you to start taking the practice tests when you don't understand the concepts well, but it's important that you get an idea of what level 2 questions are like trying to do a simulation of examination.

CFA Institute does not endorse, promote, review or guarantee the accuracy or quality of the products and services offered by Kaplan Schweser. On the other hand, level 2 consists of 20 to 30 bullet points containing 88 multiple-choice questions spread over 2 exams. Maybe they changed it in the 6 years since I got it, but it had a pass rate of around 75% and I think that many of those who got it failed to pass the CFA exams. Candidates are expected to demonstrate greater knowledge of the tools and techniques that were introduced in the level I curriculum, in addition to asset valuation applications in the context of the Code of Ethics and Standards of Professional Conduct.

I have seen a lot of people (especially at the level) who have decided to skip some sections (or the entire subject area) because technically you can pass with only 70% of the questions. That's when I realized that I had to do more than just enter numbers in the formula to pass level 2.Level 1 CFAs can be easy for some, especially if they have a good financial background in college or because of the context of their work. The knowledge you need before preparing for level II is the knowledge you were tested during the level I exam. I have met a lot of super intelligent people in my work, but they have managed to obtain the CFA qualification after failing level II once or several times.

First of all, congratulations to those who passed level II and I'm sorry for those who didn't make it this year. I know that a few can continue studying for a month and manage to pass level 2, but I can guarantee that level 2 is a different beast. This means that you can't afford to skip any topic, and most likely, the CFA Institute's changes have been implemented to discourage this behavior anyway.

Serena Lubahn
Serena Lubahn

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