The CFAI keeps changing the curriculum at regular intervals to keep the material uptodate. Thats why it is such a coveted course and the people who clear the exams so well respected.
Here is the CFA curriculum change for 2013 - 2014 as found at the Elan Guides website.
Go to the link to get the CFA LOS change for 2013 - 2014 for level 1, level 2 and level 3.
http://www.elansguides.com/docs/Los-changes-2013-2014.pdf
Wednesday 31 July 2013
Overconfidence Killed...Level 2
How I hate the regret letters sent by the CFA Institute by now! July 23rd came and went with no good news. Even though 43% candidates cleared the Level 2 - I was unfortunately not one of them.
I will tell you how they cleared the Level. they studied. Most probably for 300 hours if not more. How did I not clear. By not studying enough. Simple. Since I was in Band 9 last time, i was under the impression that if I just did the questions at the end of the CFAI book - it would suffice. So i put in a month of effort - started from the back of most topics - ie the questions and learned as i did the answers. In total 100 to 150 hours of effort.
The result of Level 2 - Score Band 6.
Ouch!
So now you have a complete report (even if a bit incomplete;) on how not to clear at the earliest.
My next post will be my daily debate on whether I should quit or try again.
I have just about got over the numbness of not clearing the level 2.
Ouch again!
I will tell you how they cleared the Level. they studied. Most probably for 300 hours if not more. How did I not clear. By not studying enough. Simple. Since I was in Band 9 last time, i was under the impression that if I just did the questions at the end of the CFAI book - it would suffice. So i put in a month of effort - started from the back of most topics - ie the questions and learned as i did the answers. In total 100 to 150 hours of effort.
The result of Level 2 - Score Band 6.
Ouch!
So now you have a complete report (even if a bit incomplete;) on how not to clear at the earliest.
My next post will be my daily debate on whether I should quit or try again.
I have just about got over the numbness of not clearing the level 2.
Ouch again!
Friday 19 April 2013
CFA Level 2 in 40 Days
Right - I am back to a familiar place!
Just 40 days left and I havent finished even one reading.
So this is how it wll go from t0day. I have 20 Readings left [excluding 10 from Ethics - which makes it 30 Readings :-(...] and around 10 days before revision time starts.
Revision is non - negotiable from 1st May - since I havent even started on my EOCs.
So the schedule is 2 Readings a day till end of April. Revision and Ethics have to work simultaneously.
Topics Left
Corporate Finance (Readings 25.29) (SS - 8.9)
Alternative Investments (Readings 38-41) (SS - 13)
Fixed Income (Readings 42-47) (SS - 14.15)
Derivatives (Readings 48-53) (SS - 16.17)
Portfolio Management (Readings 54-56) (SS - 18)
and of course the most important of them all
Ethical and Professional Standards (Readings 1.10) (SS - 1.2)
Whew! What have I been studying so far??? Seems all left for last minute prep!
Just 40 days left and I havent finished even one reading.
So this is how it wll go from t0day. I have 20 Readings left [excluding 10 from Ethics - which makes it 30 Readings :-(...] and around 10 days before revision time starts.
Revision is non - negotiable from 1st May - since I havent even started on my EOCs.
So the schedule is 2 Readings a day till end of April. Revision and Ethics have to work simultaneously.
Topics Left
Corporate Finance (Readings 25.29) (SS - 8.9)
Alternative Investments (Readings 38-41) (SS - 13)
Fixed Income (Readings 42-47) (SS - 14.15)
Derivatives (Readings 48-53) (SS - 16.17)
Portfolio Management (Readings 54-56) (SS - 18)
and of course the most important of them all
Ethical and Professional Standards (Readings 1.10) (SS - 1.2)
Whew! What have I been studying so far??? Seems all left for last minute prep!
Friday 15 March 2013
LOS Changes CFA Level 1
Here is a nicely compiled LOS Changes for CFA Level 1 from 2012 to 2013. 2013 CFA Level 1 has 67 Readings.
The changes occur mostly in Alternative Investments, Fixed Income, Derivatives and Economics.
Most other topics have had some minor changes.
Only 78 days to go for the June CFA exam. Happy reading!
http://www.passingscorefinance.com/LOS/2012-2013/cfa_loschanges1.pdf
The changes occur mostly in Alternative Investments, Fixed Income, Derivatives and Economics.
Most other topics have had some minor changes.
Only 78 days to go for the June CFA exam. Happy reading!
http://www.passingscorefinance.com/LOS/2012-2013/cfa_loschanges1.pdf
Monday 11 February 2013
Schweser iPhone App / Android App for CFA Free
I just came across a great mobile app from Schweser - all for free! Schweser has the complete ethics content for free with more than 500 questions for self testing. It is available in the iphone appstore or as an android app.
This is the link to Schweser Free Ethics App
http://www.schweserapp.com/
This is the link to Schweser Free Ethics App
http://www.schweserapp.com/
CFA 2013 Level 2 Study Sessions pdf
Hell, its again exam time! In case you want to find the combined study sessions for the 2013 Level 2 exams, here is the link at the CFA Institute website.
http://www.cfainstitute.org/CFA%20Program%20Study%20Session/2013_L2_StudySessions_combined.pdf
I missed clearing Level 2 last time :-(. Score band 9 - unfortunate.
Even more unfortunate is that I am starting my studies now - and find the curriculum has changed quite a bit!
So level 2 here I come again...
http://www.cfainstitute.org/CFA%20Program%20Study%20Session/2013_L2_StudySessions_combined.pdf
I missed clearing Level 2 last time :-(. Score band 9 - unfortunate.
Even more unfortunate is that I am starting my studies now - and find the curriculum has changed quite a bit!
So level 2 here I come again...
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