Friday, July 29, 2011

My CFA Level 2 Exam Experience

After 4 months of intensive study, which I ought to do after experiencing Level 1 exam, I am glad that I scrap through my Level 2 exam. Though I not did as well as Level 1, I am just happy to have move forward. Here are my thoughts about what I have done and what I should have done.

1. This time, I did not sign up for FCIS as after calculating the sponsorship and the task to clock attendance, I realized that I am better off just getting the Stalla Guides. I purchase the Stalla guides because of the DVD lectures by Peter Olinto. However, this time, I fully depend on the Stalla Study Guides as these guides are excellent in their summarization of the essentials. Besides they are written in a way which I found i could easily comprehend. I have no other guides and hence I can't comment on others

2. Stalla Passmaster again. The questions in the DVD help pretty much for me to reinforce my learnings and yes, one definitely have to go through them.

3. Noting that in Level 1, as there are 10 studies, similar in Level 2, I realized that I tend to forget what I learned what I read in the earlier studies mid way through the studies. So this time, I scheduled my study sessions well. First part, a run through of the 10 topics which took me around 2 months plus. Then a 2nd round, however, with categorization of topics that overlaps to make sure I did not forget the earlier studies by applying them in the later studies. Also I did questions on the earlier study almost every day just to keep myself refresh. That take me around a month plus. The last few days are mostly on Ethics and just doing questions, not forgetting the mock questions as well.

4. Last but not least, never never lose your Confidence.

I couldn't think what else I could have done further except if I have started earlier. After getting my Level 1 results on 26 Jan, to the exam date on 5 Jun, I have only 4 months to complete the 10 studies. This time I have at least 10 months and hence no more complains about time. But again, this is Level 3 which may require more time and I have yet to get started. What I am doing different this time is apply what I learn in Level 1 and 2 and new findings in Level 3 curriculum on building a portfolio.