LII passed, suggestions needed from Level III candidates! weaknesses, waiting, like, advice, needed

JustasS

First off, good luck to your Level III exam results! While you are waiting for your results, would you like to give me some advice on acing Level III next year? Here is my breakdown from Level II. Which topic areas does Level III cover? Given my strenths and weaknesses, how would you study for Level III in 2012? Thanks.

CFA Level II Exam Result: Pass
Result Analysis:

Total Correct Wrong Item Set Q# Topic Max Pts <=50% 51%-70% >70%
06 4 (2) - Alternative Investments 18 - * -
12 7-8 (4-5) - Corporate Finance 36 - * -
12 0-5 (7-12) - Derivatives 36 * - -
06 4 (2) - Economics 18 - * -
24 13-16 (8-11) - Equity Investments 72 - * -
12 9-12 (0-3) - Ethical & Professional Standards 36 - - *
24 17-24 (0-7) - Financial Reporting & Analysis 72 - - *
12 7-8 (4-5) - Fixed Income Investments 36 - * -
06 0-3 (3-6) - Portfolio Management 18 * - -
06 5-6 (0-1) - Quantitative Methods 18 - - *

Stats:
Lowest possible correct answers: 66 (55%)
Highest possible correct answers: 90 (75%)
Mean score: 65%

Chuckrox

mcap11 Wrote:
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> nope, you should have started June 5 for L3 - no
> time to let up now. Start now or you will regret
> it!!


For those who posted stupied comments, this is my opinion to start early. If you dont agree, this is also another opinion and should be respected.

For me , L3 is much much harder than level 2 and really needs alot of time

badonkus

Aye!

chrisA Wrote:
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> My advice : start IMMEDIATELY. you can use old
> material from anywhere but dont waste time

economicz

second the others.

@OP - take a break, chill out, hit the books on November or December. there is absolutely no point starting now or doing anything CFA related now.

ruchita

I agree with CardShark. L3 is a different ball game. You have gotten over the L2 hump. Enjoy the rest of the summer and start early in the fall if you choose. L2 curriculum is more difficult but the test format being all MC is advantageous given the answers can job your memory. L3 in the morning session you have to know the material cold. There are no bs answers - just write what they want to hear.

tikfed

mcap11 Wrote:
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> nope, you should have started June 5 for L3 2013 - no
> time to let up now. Start now or you will regret
> it!!


fixed it for you^

giorgio10

nope, you should have started June 5 for L3 - no time to let up now. Start now or you will regret it!!

segalm

I take that you must be joking?

chrisA Wrote:
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> My advice : start IMMEDIATELY. you can use old
> material from anywhere but dont waste time

kingstongal

L3 is whole different beast.

L2 is a huge accomplishment. But your strategy for L3 must be based upon a completely different approach. The good news is....you have a whole year to worry about it!

Go get drunk tonight and have sex. Enjoy your L2 success to the fullest!

Get CFA stuff off your mind for the next few months...

giorgio10

and here they are - welcome new L3 candidates

you made it to the big leagues, now celebrate and forget about L3 until the fall