4 Reasons Why I Think the CFA Level II Exam is the Hardest One, and How You Can Prepare

Is the vignette format such that the answer to a question depends on the answer you’ve got on the previous question? For example the answer to the 2nd question on the vignette depends on the answer you got in the 1st one OR the answer to the 6th one depends on the answer to the 2nd one and you stand to lose 5 questions (ques 2-6) all because the 2nd answer was wrong.

That tends to happen in Level 3. I don’t think it happens in Level 2.

Most of the failures among my workmates are in L2, so yeah. Was lucky to have passed L2! 🙂

RoyD said:

Is the vignette format such that the answer to a question depends on the answer you’ve got on the previous question? For example the answer to the 2nd question on the vignette depends on the answer you got in the 1st one OR the answer to the 6th one depends on the answer to the 2nd one and you stand to lose 5 questions (ques 2-6) all because the 2nd answer was wrong.

I do not think so, I have not encountered such a question

I’m 95% confident that every question on the L2 exam is answerable on its own, completely independent of other questions. Some questions are related but the exam will specify a theoretical amount for whatever was calculated on the previous question.

IMO the level 2 exam was twice as difficult as L1. The breadth of difficult topics is a monster. There is definitely a larger luck component on L2, as mentioned above, less questions means they can’t test as thoroughly as L1 so you have to hope they test the LOS that you are stronger on!