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Study Plan for June 11

Hi Guys,

I have passed CFA L1 exams in Dec '10. I have registed for L2 last Wed and am expecting the study material by next week. During L1 I had referred CFAI material for FSA and Fixed Income and read from Schweser for rest of the topics. I practiced questions from CFAI EOC, 2000 Practice Questions from Elan and did revision from Elan's eleventh Hour Guide and Elan's Mockups. Here is my score :

Q#TopicMax Pts<=50%51%-70%>70%
-Alternative Investments8-*-
-Corporate Finance20--*
-Derivatives12*--
-Economics24-*-
-Equity Investments24--*
-Ethical & Professional Standards36--*
-Financial Reporting & Analysis48--*
-Fixed Income Investments28--*
-Portfolio Management12-*-
-Quantitative Methods28-*-


As displayed, I have done well in major topics like FSA, Ethics, Equity Investment, Fixed Income Investments...my major concern has been Quants, Econ and Derivatives.

For L2, I understand that FSA and Equity Investments are the focus. This is my plan for June '11. I am planning to read CFAI text on FSA, Equity Investments and attempt EOC. For the rest of the topics, I would refer Schweser notes, practice problems from EOC, Finquiz / Q Bank?, refer Elan's Eleventh Hour Guide and do Elan's Mock up's during revision phase.

Question for Re-takers - Do you think the above plan is sufficient covering 4 months from now? Any suggestions will be appreciated.

I am not a retaker, but I contribute anyway.
Like you I passed in dec, >70 on all topics.
I had started reading from schweser for level 2 a month before scores for level 1 came out.

You have to remmber we are at a disadvantage, 1st of the 40% that will pass many are retakers, and many are those who have been studying since June, so we are in the worse preparation condition...

I turned down job offeres to stay home and study, and since I have read the material from schweser and cfai already I can tell you it is nothing that will make your head explode (the material, i do not know about the test). material is very understandable but you have to give it time...i am aiming for 750 hours

If you have the guts i think you can do it, even if you have a job, work hard!



AHMADMADOFF- You seriously turned down job offers just to pass the Level II exam?!?!?! HAHAHAA what kind of job offers did you get and why wouldn't you just secure your employment and take the exam next year?

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750 hours is a whole lot of studying. I'm not going to be anywhere near that much.

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I currently aim for 350-400 hours. Have degrees in accounting and finance. Have 6 years experience as equity analyst on buy side. Passed Dec I with 70% in all but 1 area.

Just started last week.

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2 days into studying...just graduated a few weeks ago so I am officially unemployed. Not the worst timing in the world- allows me to give my first attempt at level II a solid shot. Procrastinated last year and had to cram Level I into four weeks of studying after school got out for the semester in early May. I'm a pretty good test taker but after reading about Level II for quite some time now I've had to snap out of it and get into the grind.

I'm on reading 16 in the Econ section (nothing bad, so far). I majored in finance with a minor in accountancy. Looking real hard to get a Jr. Analyst position somewhere for Equity Research. Had a few interviews but always get beaten out by those with experience (that's why I'm aiming for Jr. Analyst position instead of Associate Analyst....I figure they may hire an entry-level candidate for the Jr. position).

Plan is to complete Econ then go onto Corp Fin. I want to start out with topics that contain very few formulas so I don't forget that much before the exam. Let me know if anyone has any suggestions. Thanks!

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