jarobi04

I took L1 in Dec 09 and started studying the last week in December for L2. I studied hard and passed, but you definitely have to be dedicated to passing. There is no reason to wait for your result to start studying for the second test unless you absolutely can't stand to open a book for a while. My view is why wait. . . by signing up for L1 in Dec you should have already been planning on taking L2 in June. The worst case scenario is that you don't pass L1, you have studied a little bit of L2 material, and you have to retake L1 in June. If this is the case, I still don't think you have wasted any time. You have to plan for the best case scenario so you don't short change yourself on time. Why take the chance of only putting in 4 months if you have 5 available. I wouldn't want that to be the reason I would have to wait another year to retake a test. Go ahead and write off most of your free time, and hopefully it will be worth it for you this time next year.

Side note: I have a BS in business economics and finance. Although an MBA or MS in finance would definitely help, it obviously isn't essential.