Studying for L1 Retake and L2 simultaneously? question, everyone, concepts

bigredhockey55

Hi everyone, I took the L1 this past June, and like most folks, am on the fence as to whether I did well enough to pass.

I feel like I got a pretty good hold of the concepts, though, and if I fail, studying for the retake won't be as bad, just a review.

My question is about studying for L2, regardless of passing or failing the June L1. I want to start early, and was wondering what you thought of starting L2 prep in September, then taking off a month or so to review for December L1 (in the event I didn't pass).

I keep hearing L1 referred to as "basic" by higher level candidates, and the curriculum builds on itself, so it's not like I'd be forgetting any subjects covered in L1, right?

Any thoughts on this?

xilinx_altera

Quite simply you will burnout. Focus on L1, pass it and then devote your energy to L2.

firat

Focus on L1. There's an overlap but if you didn't pass L1 you have work to do on the basics and should concentrate on that. If you did pass, you'll only have "missed" 1-2 months while working on the basics. There's not really any part of L2 that wasn't covered in L1 (but the level of detail and focus might differ).

kickthatcfa

take the break.

I did L1 in Dec 2009 and jumped into L2 in June 2010.

The lack of a real break was really, really hard.

the month or so off to clear your head will be more valuable to you than 1 month of studying, in my opinion.

jacksparrow

A lot of us passed Level I in December and Level II the following June. 4.5-5 months is plenty of time for any of the 3 exams.

maryli

Review ethics as it will be essentially the same, but as what the other posters mentioned, please keep it as light reading. Burn out is a big issue which may lead to a lot of frustration. So take it easy and enjoy your 2 month break.

Houjichasan

This is a bad idea. It will not do you any good.

______________________________________________________

CFA Jay, CFA

chandsingh

i think you should just quit. if you fail level 1, there is no way you will pass level 2. peace.

thecfawannabe

definitely wait and focus your attention on one area once the results come out

lucasg85

^ ... because CFAI will not allow you to take level 2 after flunking level 1. If you meant that he would succeed in retaking level 1 and pursuing level 2, he may still have a chance of passing it, but it would be a slim one.