Given that you've passed the CFA Stage I exam, it is time to get going with the Stage II exam. Stage II exam is regarded as being more challenging compared to the Stage I exam.
Based on the CFA Institute, only 39% of the pupils passed the Stage II exam. Therefore, it is critical that you want your reports well. Below is definitely an outline of how to get ready yourself to pass the exam.
1. Get going early: The exam requires one to study extensively. Therefore, it is advisable to begin early. Contemplating that you should put in at the least 250 hours to reports, beginning 6 months forward is an excellent idea. Unlike the Stage I exam that will be conducted in July and December, the Stage II exam is conducted only in June. Beginning your planning in January or March is an excellent idea.
2. Get acquainted with study product: Once you enroll for the exam you'll cfa level 1 study material pdf receive the official CFAI curriculum publications, which are divided in to 18 sessions. Shortly consider the 18 periods to gauge your knowledge of the topics.
3. Make a study strategy: Once you understand the thing you need to examine you'll need a study schedule. A study schedule will help you strategy another few months for understanding, note-taking, exercise issues, and exercise examinations. You will get started with the free CFA Stage II 21 week study strategy from Financing Train.
4. Buy study notes: Applying third party study notes may succeed and may speed up your exam preparation. However, you must cautiously choose what you are looking for from a provider. Companies like Schweser and Stalla offer extensive study product to get ready for the exam. They offer an option to the official study books. However, several pupils, to some degree, wish to use the official product (for one reason their price is contained in the exam enrollment fee). However, many of these pupils find the official product troublesome and want some form of low-cost, high value supplement. Financing Train gives CFA Stage II Study Supplement which does just that. Shown around 21 weeks these weekly modules help encapsulate probably the most critical elements of the exam that individuals cannot manage to miss. Studied in conjunction with CFAI's official 2011 curriculum, exercise problems, and exercise examinations, that complement may help individuals strengthen methods and formulas to acquire a driving score.
5. Produce flash cards: While you are understanding prepare flash cards for essential formulas and critical concepts. You can also prepare flash cards for step lists and techniques.
6. Practice issues: For each study procedure you ought to allocate enough time for you to exercise as many issues as possible. The CFA stage II exam includes 20 object units, each object collection consisting of 6 issues about a particular scenario or group of events. The exam taker is preferred to examine as many object units as possible. You will need maybe not stress your self for practicing. Begin with start book, that is, decide to try to fix the problems with assistance from publications, then as you obtain self-confidence, you are able to gradually more to solving the problems all by yourself.
7. Use the permitted calculator. During your whole reports and exercise periods, you must use the official calculator. This can boost your performance with using the calculator.