As an expert in the field, I am often asked if it is possible to study for the CFA Level 2 exam in just one month. And my answer is always the same - yes, it can be done. In fact, I have seen many of my friends successfully pass the exam with only a night of studying. Personally, I was able to pass the exam on my first attempt with just 5 weeks of full-time studying, which is equivalent to about 300 hours.
And for those who are slightly brighter or better educated, it can even be done in just 4 weeks. Now, you may be wondering how this is possible. How can one possibly prepare for such a challenging exam in such a short amount of time? Well, let me share with you my tried and tested approach that has proven to be quite effective.
Creating a Study Plan
The first step is to take a look at your curriculum and assess the amount of material you need to cover. You will notice that the topic of level II is quite large compared to its weight in the CFA Level 1 exam (only between 8% and 12%). However, it is also quite intuitive in many ways.To make things easier and save time, you may want to consider skipping some economics classes (remember, you don't have to pass every subject to pass the CFA exam).Next, head over to the PLAN tab and take a look at all the weeks of preparation for the CFA exam. Check how much you have already covered and how much is left to do. Then, customize your schedule using the options available in the study plan and by dragging and dropping both the subjects and weeks of study. The CFA program curriculum provides plenty of examples, presentations, and final questions with solutions that you can use to supplement your studying.
The Challenge of Level II Material
It's no secret that the 1-month study plan for the CFA Level 2 exam will be one of the most challenging tasks you have ever undertaken.The questions in this exam are designed to test your knowledge in each and every subject. And because the material in level II is deeper and requires drawing conclusions, it is almost impossible to prepare for it in just 3 weeks while multitasking. Many people who initially think that 2 weeks is enough time to prepare for the exam often find themselves struggling to keep up. But don't worry, if you are currently in this situation, you have come to the right place. I have developed a foolproof strategy specifically for those who only have 1 month to prepare for the CFA Level 2 exam.
The CFA Level 1 Curriculum
Before we dive into the strategy, let's take a look at the curriculum for the CFA Level 1 program.It consists of over 3000 pages, including end-of-reading questions. This means that you will need to review about 50 pages per day for the next 60 days (without any day off). It may sound daunting, but trust me, it is doable.
