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!
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