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Anonymous users2024-02-06The most difficult subject of CFA Level 2 is financial statement analysis, which not only accounts for a large proportion in Level 1, but also accounts for a large part in Level 2.
CFA Level 2 is the most difficult subject.
The analysis of CFA secondary financial statements still accounts for a large proportion in the second level, and basically 3-4 cases will be examined.
Therefore, for the course of finance, candidates need to grasp the impact of the occurrence of a certain economic transaction on the financial data, and on this basis, from the perspective of an analyst, adjust the simple financial data into indicators that can reflect the economic substance. At the second level, there are three major economic operations that candidates need to master, which are the focus of this discipline and are also the difficulties.
If your mind is confused during the preparation process, you must not give up, because everyone feels this way about this subject.
How to prepare for CFA Level 2 efficiently.
1. Memorize on the basis of understanding. Compared with the Level 1 exam, the Level 2 exam focuses more on the application of basic knowledge, so candidates should not memorize by rote, but should focus on the comprehension of the reading materials and memorize them on the basis of understanding.
It is best to choose the way of handwriting, write the knowledge points again, maybe writing it is more effective than you memorize it five times, and it will be better to string the knowledge points together and write them again.
2. Grasp the new knowledge points in combination with the data. The Level 2 exam is an extension of the Level 1 exam, and many review materials have been involved in the Level 1 exam.
The selection of materials does not need to be too much, too much but too cluttered, you can choose the materials that you are comfortable to use, it is important to read your notes and the original book after class in the set of mistakes, or even more times.
3. Participate in professional training appropriately. The guidance of professional teachers helps candidates better understand the knowledge, analyze the key points, and enhance the pertinence of the review.
Regarding CFA Level 2 subjects, each subject has its own different focus, and everyone should distinguish between them when reviewing. If the candidate is more planned to review, it is recommended to enroll in a training class.
There are several CFA Level 2 exams.
There are 10 subjects in the CFA Level 2 exam, and the subjects in the CFA Level 2 exam are: Quantitative Analysis, Professional Ethics, Economics, Financial Statement Analysis, Portfolio Management, Equity Investment, Fixed Equity Investment, Corporate Finance, Derivatives Investment, and Other Investments.
The CFA Level 2 exam focuses on: fixed income, derivatives investment, asset valuation analysis, ** valuation, how to effectively price products and portfolio analysis for case studies, and the exam format is to analyze investment performance and income changes for case studies.
CFA Level 2 focuses on the grasp of the number of Sun information in the question stem, the concatenation memory of each LOS, and the screening of the computational information. The reason why Level 2 is more difficult is that the Level 2 exam examines understanding and application, rather than simply memorizing knowledge points.
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Anonymous users2024-02-05The CFA Chartered Financial Analyst exam is divided into 3 levels, and compared with Level 1, the difficulty of CFA Level 2 has been improved, so is the CFA Level 2 pass rate high? What are some revision tips?
CFA Level 2 exam pass rate.
Judging from the results of previous years, the pass rate of the Level II CFA exam in June 2021 was 44%. According to the CFA Association, only 20% of candidates actually receive a CFA certificate.
Master the CFA Level 2 course and spend at least 300 hours studying. In a survey of CFA candidates who returned to the CFA in June 2021, respondents said it took an average of 328 hours to prepare for the Level II exam. In general, candidates need to prepare for 6 months in advance, with an average of about one hour per week.
CFA Level 2 Exam Study Tips.
1.Targeted review.
It is necessary for candidates to prepare for the CFA Level 2 exam and figure out the content of the CFA Level 2 exam, there are ten subjects in the CFA Level 2 exam, and the weight of each subject in the exam is also different:
Portfolio Management 10-15%, Corporate Finance 5-10%, Economics 5-10%, Professional Ethics 10-15%, Equity Investment 10-15%, Quantitative Analysis 5-10%, Fixed Equity Investment 10-15%, Financial Statement Analysis 10-15%, Derivatives Investment 5-10%, Other Investment 5-10%.
2.Understand the knowledge points.
The second-level exam is applied on the basis of the first-level knowledge points, so candidates should pay more attention to the understanding of the knowledge points of the textbook, and strengthen the memory of the knowledge omissions on the basis of understanding.
3.Improve your English.
The CFA Level 2 exam is an all-English test, the exam uses all-English language form propositions, candidates also need to be able to complete the Level 2 exam in English, and the CFA Level 2 exam will also involve financial English vocabulary, such as spot curve (spot interest rate curve), secured bonds (secured debt), hostile takeover (hostile takeover), etc., candidates with a weak English foundation need to improve their English proficiency.
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Depending on the requirements of the question, generally speaking, if you take the primary test, in addition to the tax payable must be written in detail, nothing else is required, only one level can be written, but the examination notes will require more writing, such as long-term equity investment and other subjects also need to be written in detail, the question will indicate the requirements, if not indicated, only write one level and do not deduct points.