sameeragarwal

It's really a cost/benefit analysis. If you passed Level 1 in December, you have two options: Option 1 is to take Level 2 four months after you receive results. Option two is to wait a year and a half to take Level 2.

If you take test in 4 months, you risk not having enough time to properly study all the material. This is especially true if you have a demanding job or other time consuming obligations. You will lose your entire social life for almost a full year, and you risk getting burned out. However, the benefit is that the CFA curriculum builds on itself from Level 1 to 2, so you still have many of the concepts fresh in your mind. This will save you considerable time in having to "re-learn" information.

If you wait a year and half to take Level 2, you will almost certainly forget key material. You will have to spend time re-learning material from Level 1. However, you will have ample time to study for Level 2 and you will get to enjoy life for a little while before getting back into the grind of studying.

I was faced with this decision at the end of January of 2010 when I found out that I passed Level 1. I decided to take Level 2 in June 2010 and ended up passing. Four months of studying was enough for me, even while working full time, but there were certainly times I felt burnt out. Also, my bosses were pretty understanding and allowed me be flexible with my schedule.

For me, it was a good move to take Level 2 four months later, it might be different for someone else.



Edited 1 time(s). Last edit at Friday, July 30, 2010 at 02:31PM by bnak17.