CFA Latest CFA Level 1 Discussions 2 years between lvl 1 and 2 = too much?

2 years between lvl 1 and 2 = too much?

  • This topic has 4 replies, 4 voices, and was last updated Jul-17 by raph27.
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    • raph27
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      Hi, i’m currently doing my bachelor’s degree in finance, which will be over this august 2014. I will then start my master’s degree in September 2014, which lasts approximately 1 year at the University of Sherbrooke (Quebec). Some of my friends and myself were considering studying during our internship this winter 2014 to eventually do the CFA level 1 on June 2014 in order to already have 1 CFA exam done before even starting the Master’s degree.

      My question is: Considering there would be 2 whole years before i could take the level 2 CFA exam (assuming i pass the CFA level 1 on the first try), do you think it’s too much time in between exams ? Would i be better doing the level 2 right after the lvl 1 so everything is still fresh ? Is it important to remember the whole curriculum of the lvl 1 before doing the lvl 2 or could i just spend a couple of weeks re-reading it and i would be fine? This is the only thing stopping me from registering for the exam right now… I’m kind of hesitating between doing the level 1 before or after my Master’s degree..

      Thanks a lot for the help! It’s really appreciated.

      Have a nice day!

    • Zee Tan
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      Hi @raph27 backing up a little – you seem to be implying that you need a Masters degree to take CFA Level 2, or that you’re unwilling to take the CFA Level 2 in parallel with your Masters degree (which I would agree with actually).

      Assuming the latter is true, I’d say take the CFA Level 1 now anyway. If you pass, you’ll have Level 1 tucked under your belt already, and any way you cut it, it can’t be a disadvantage.

      So say in June 2016, you take Level 2 and fail, you’d still be at an advantage in June 2017 (having gone through the L2 syllabus once), compared to if you took Level 1 in 2016 and passed.

    • Sophie Macon
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      I wouldn’t say it’s far. There’s quite some recap and you’re studying finance all the way anyway (even not CFA), there’s bound to be overlaps and you won’t forget stuff that easily 🙂

      Go for it now, 2 years break isn’t a deal breaker really.

    • hairyfairy
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      I say go for it – nothing to lose!

    • raph27
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      Thanks a lot ! Going in for the kill! And yes Zee i was implying that i wouldn’t take the CFA exam while doing my master’s degree 😉

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