What is the best way to prepare for the derivatives section on the cfa level 2 exam?

Unfortunately, the CFA Level 2 exam is a different beast, with a reputation for being the most challenging exam and with the most material to cover. Many candidates did not overcome this obstacle given the increase in difficulty, which is unknown in advance. I wanted to start now with my preparation for level 2 of the CFA. Do you think I can take the May exam? Is it possible? How many hours of study should I dedicate each day? A schedule I can follow?This is the main drawback of candidates who fail: Level 2 represents a big step forward in difficulty compared to level 1.Some study materials include a specific Level 1 review booklet for this purpose; I recommend that you stick with it.

On the other hand, level 2 consists of 20 to 30 bullet points containing 88 multiple-choice questions spread over 2 exams. Many level 2 concepts are based on the basic concepts described in level 1; having a good foundation in level 1 helps. The Level I exam focuses on investment tools, with relatively less emphasis on asset valuation and portfolio management. Anyone who wishes to complete the exam must have a bachelor's degree or equivalent education and must have passed the CFA Level I exam. CFA Level 1 can be easy for some people, especially if they already have a good financial background in college or because of the context of their work.

The level II exam reorients its approach to evaluating asset classes and applying the concepts learned at level I. Unless, of course, you have passed level 1 like Sophie and are trying to pass the CFA in 18 months, in which you can do so in 4 months (with certain determination). The CFA Institute, a global association of investment professionals, offers the professional designation of Certified Financial Analyst (CFA) to individuals who successfully complete their exam. The level II exam covers many aspects and not only consists of understanding the concepts, but also of being able to apply, analyze and explain the results obtained.

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 evaluates) are greater, since it focuses more on the application. Level II delves into the concepts of portfolio and investment management and tests your ability to apply these concepts to real situations. My experience taking the level 2 exam was very good, it brings out the best in you and you feel very challenged, the CFAI examiners are too good.

Serena Lubahn
Serena Lubahn

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