标题: How difficult is L2 compared to L1 [打印本页] 作者: jim8z3 时间: 2013-8-23 07:29 标题: How difficult is L2 compared to L1
Let’s say someone found L1 easy to understand, but did find the curriculum vast, how would L2 compare to L1?
Would passing L2 be more difficult or would require more work compared to L1? If yes, how much more work. Please advise.
Also, can anyone point me to a thread of benefits of having a CFA? Does that help at all? How much are starting pays assuming a bit of CFA related experience and worked with CFAs in the past.作者: onelife1 时间: 2013-8-23 07:32
Level 1 is to Level 2
as
a Swedish massage is to castration-by-way-of-cheese-grater作者: OmarAdnan 时间: 2013-8-23 07:37
Level 1 :: Level 2
Fresh, warm spring morning :: First 15 minutes of Saving Private Ryan作者: AndyNZ 时间: 2013-8-23 07:40
one billion dollars, thats why so few cfa’s- most just retire 作者: profil 时间: 2013-8-23 07:42
you cant ask this question until after the scores are out, then people can have perspective.
“how hard is that test that you just studied your ass off for and have no clue if i passed?” i don’t know dude, wait a few months…作者: Kapie 时间: 2013-8-23 07:45
Its slightly easier imo. Id say dont even study.作者: WarrenB1 时间: 2013-8-23 07:47
L2 had a similar amount of material (probably just under 3,000 pages each) but the depth of the material was much greater. Also, many of the concepts are probably more foreign to the candidate (not really covered in your basic finance/econ undergrad courses). As a result, more time would probably need to go into the preparation.
I thought the item-set format was more difficult than stand-alone questions as well. Due to there only being 120 questions (as opposed to 240), it is more difficult for the CFAI to test the body of knowledge. As a result, major topics seemed to be missed on the exam while the nuances of the obscure topics could kill you if you aren’t completely prepared. As a result, you need to know everything to a greater extent (1 question out of 240 won’t kill you but 6 out of 120 might).
All in all, the two really weren’t very comparable.作者: IAmNeil 时间: 2013-8-23 07:52
come on guys, can you be more specific instead of cracking jokes and comparisons with massage and movies.
in terms of studies, how much harder, and why?
was it more material, less clarity, un-interesting? too much FSA? what is it?
BTW, I am L1 candidate, and I tried mock exam L2 Ethics section. Got all 6 of them correct in under 8 minutes. Given time was 18 minutes. This one was the chinese student example who worked for her employer for free while studying for L3 and MBA together question.
I felt like L2 ethics was easier than L1, no wonders L1 passing rate is only 33% compared to like 50% or so for L2作者: rohitdoshi 时间: 2013-8-23 07:55
I disagree with most people who say L2 is significantly harder than L1. It’s harder, but not THAT much harder.
I am speaking from my personal experience, and I came from a non-quantitative background and had no previous finance knowledge prior to L1 (i.e. I didn’t know A = L + E). Thus, the gap between knowing nothing to passing L1 (all sections >70) was very large. Also, I obviously don’t even know if I passed L2 yet, so maybe on August 18th I will take back what I say. But I give myself better than 50/50 odds of passing.
Now, L2 is definitely harder, but it’s manageable. For someone like you who says you found L1 easy, maybe you won’t see it the same way I did.
It’s like someone asking, “Is Algebra 2 harder than Algebra 1?” Well, if you haven’t completed Algebra 1, then of course it is. But if you got an A in Algebra 1, and you are prepared to study hard in Algebra 2, you should be fine.作者: soverby 时间: 2013-8-23 07:57
>
> I felt like L2 ethics was easier than L1, no
> wonders L1 passing rate is only 33% compared to
> like 50% or so for L2
Dude, that is the most ridiculous logic I’ve ever heard. The 50% that fail L2 were strong enough to be a part of the 33% that passed L1.作者: bigredhockey55 时间: 2013-8-23 08:03
Ethics is homogenous across all levels for the most part.
I just finished level 3 and I was lucky to pass L2 on my first try. Every single thing about the exam was harder. Not one section was easier. The material is deeper, more complex, they don’t test everything. One vignette from the exam had 3 questions from 1 paragraph out of a CFAI book that had over 750 pages in it.
If you think you can take 1 ethics vignette and draw conclusions, go ahead.
and BTW, I wasnt joking about the massage comparison. that is pretty accurate.作者: dmrktrading 时间: 2013-8-23 08:05
man i would love to see this brilliant mind attempt the ethics on the real exam this year….. congrats on getting all 6 of them correct on the practice exam….that’s like feeling good about counting to 10作者: LorrinCFA 时间: 2013-8-23 08:10
and since when was 50% the new L2 pass rate. Last time I checked it was trending more towards 40%.作者: NakedPuts00 时间: 2013-8-23 08:13
L1 - a mile wide 5 feet deep
L2 - a mile wide and a mile deep作者: tikfed 时间: 2013-8-23 08:26
level 2 goes much deeper on similar concepts from level 1, it requires a lot more comprehension of the material as the questions are groups to cases. If you passed Level 1 with no problem and a high score, level 2 won’t be TOO difficult, but if you barely passed level 1, you’d have to study 10 times harder for level 2.作者: therecruit 时间: 2013-8-23 08:28
Or if you come in with the mindset that L1 was easy, maybe L2 will only be a little harder, as riyaz seems to be coming across as thinking, then this is a mistake. You need to work HARD at all levels to pass. Maybe those who had a lot of undergrad training or whatever can pass L1 without much effort, but it won’t be like that at L2/L3.作者: d2rockstar 时间: 2013-8-23 08:46
not trying to be mean but I’m just saying that level 2 Ethics is no joke. 6/6 on one vignette does not tell you anything. Try a few more and see how you do. But the point I was making on that one about “CFAs” is that you can’t refer to CFA Charterholders as “CFAs” and this is actual material that either CFAI, Schweser, or Stalla has asked before.
At least if you see this question, you’ll know the answer now.
