The Level II CFA exam is a difficult test designed to challenge your knowledge of finance and investment. Passing the Level II CFA exam requires a lot of preparation, but there are some things you can do to make it easier on yourself. These five tips will help you shine on the CFA Level 2 Exam:
1. Give importance to the challenging topics The Level II CFA exam is a tough test, so you want to make sure that you are emphasizing your strongest areas. For example, if you are stronger in Equities and Fixed Income than International Business or Derivatives, make sure that those topics have more weight.
2. Prepare based on the exam format
The Level II CFA exam is a computer-based test, so make sure that you are prepared to take the questions and answer them on your screen. You can adjust your settings as needed for comfort or if you have any physical limitations.
3. Test your analytical knowledge
The Level II CFA exam is a test of your knowledge, so you want to show off how analytical you are. If there’s not enough time or space for the question, don’t overthink it. There will be other questions that cover this topic in more detail to spend more time developing an answer.
Bonus Tip! The best way to prepare is by taking practice exams and writing long-form content for the CFA Institute website. This will help you get an idea of what topics are important and your strengths and weaknesses to better focus on where you need work. You can also find study materials like videos, flashcards, and more at the CFA Institute.
4. Find your most effective strategy for learning and stick with it
There are many different ways for people to learn, so find what works best for you. If you need audio-visual aids with illustrations and explanations, then videos would be a great supplement. For others who do better by reading the material repeatedly until they understand it thoroughly, flashcards or whiteboards may work better. It’s also important to find the material that you need help with.
5. Don’t delay; start early!
The Level II CFA exam is a test of your knowledge, so the more you study, the better off you’ll be. You’re going to want to start studying early and make sure that you take lots of practice exams to get an idea of how much time it takes for each section or topic. This will help with your pacing and make you more comfortable on exam day.
Excelling on the CFA Level 2 exam takes a lot of preparation, but with this guide, you’ll figure out your strengths and weaknesses, which will help you find the best method of study. It’s also important not to delay because this exam is a test of knowledge, so more time studying now means better results on exam day. You can also consider reaching out to the right professionals for help!