Cleared L1. Questions About L2

Congrats @Yeshank!

Here’s my 2 cents:

1. Definitely add more for L2 compared to L1. Either start earlier or allocate more daily time for it. But there wouldn’t be an absolute number of hours that would work for everyone – just make sure you’re putting in more effort compared to L1.
2. I used Elan (now Wiley) and found them pretty good. Schweser is another very popular choice. I didn’t use video lectures though so I’m not sure which would work better.
3. I’d definitely start earlier than in the last month. Maybe 2 months out give one mock a try and see how it goes, even if you’ve not quite finished the syllabus.
4. I went by the order that was in my books. But 300 Hours also has an article about this that recommends another sequence: http://www.300hours.com/cfa-level-2-study-order/#.VqiL01OLRYc
5. This is personal depending on how you study. I only ‘completed’ it once, then went to mock exams, then did ‘spot revisions’, which worked for me.

Hey guys. I’m on a similar boat as Yeshank, just cleared level 1. I just have a question to ask. Will there be adequate time for me to prepare for Level 2 (June 2016), if I’m engaged in a job from 10 am to 8pm? I am planning on using 3rd party material and possibly a tutor in the weekends. 

1. I put in about the same time, but my experience shows it’s NOT about how many hours but how well you understand the material. Someone posted a comment here that says CFA lv 1 is a mile wide but 2 feet deep, whereas lv 2 is a mile deep but 2 feet wide. That’s so true. 
2. I used exclusively the Kaplan Schweser material and completed 80% of the question bank — didn’t even open the official books. 
3. I did the six mocks from Kaplan and analyzed my mistakes and try to review those sections again. Then I did the official mocks which aren’t as helpful in my view. 
4. Search on this forum and there’s a recommended order. Always save ethics for the last. 
5. I went over everything once but focused more on why I made the mistake. Again, understanding is real important. 

The time series material in Lv2 will be difficult for you if you aren’t familiar with it. Fortunately my MFE degreed helped a lot on that. 

@Yeshank 
These are great questions. I think others hit on good answers.

You can check out our instructor Mike Carmody’s recommendation on how Level II is different from Level I:
http://blog.adaptprep.com/the-optimal-strategy-for-passing-level-ii/

Here’s my input on your answers
1. This depends on your knowledge. If you have relevant job experience or education background, 120 hours could be just fine for L2. If its all new to you, then more than double that. Really what will save you time is making a disciplined study schedule and sticking to it. Also having an efficient process (like we have in our Learn product) can save many hours of ineffective studying.
2. AdaptPrep 😉
3. You should be doing practice questions throughout. A month is probably sufficient to run through mocks.
4. We recommend the regular order except put Ethics last. You’re more likely to retain things like quantitative methods, which require a process to solve questions, compared to Ethics which really is a lot of memorization.
5. I’m a one and done type of person so I’m not sure.

Your’e going to do great!

@Yeshank 
Thanks for the feedback on the Level I in 60 minute videos! 

Some people did not understand what the videos were for. But you used them exactly how we intended, to give you confidence for the exam that you’ve covered everything! So glad it worked!

@pauladaptprep I REALLY hope you were not getting refund requests from people expecting to watch your CFA in 60 minutes to pass the exam hahahaha. Thatd be SO comical!

@googs1484 
LOL. 

I’d like to see someone try! 

Based on some comments on Reddit and Youtube, people did seem to expect to learn everything in 60 minutes. They said things like “you left a lot of stuff out”. HA