How difficult is L2 compared to L1 understand, experience, difficult, benefits, starting

jim8z3

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.

d2rockstar

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.

therecruit

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.

tikfed

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.

NakedPuts00

L1 - a mile wide 5 feet deep
L2 - a mile wide and a mile deep

LorrinCFA

and since when was 50% the new L2 pass rate. Last time I checked it was trending more towards 40%.

dmrktrading

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

bigredhockey55

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.

joehogue

>
> 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.

soverby

Level 1 = Saw 1
Level 2 = Saw 1 + 2 + 3 + 4