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!