[Anonymous]

How long would it take me to study and pass Level 2 this June? Any candidates out there?

I would say Level 1 required 180-200 hours, as someone who took the CPA exams.

Thanks.

[jeff]

You're not going to find many people who read this forum on a daily basis who are in your shoes – but there are people who have passed the CFA who have posted in the past.

[Anonymous]

Thanks Jeff.

I guess I'm asking the question on this forum because I'm asking from the perspective of someone who first did the CPA and then passed CFA Level 1 (which is 70% the CPA exams, albeit a combination of parts of FAR, BEC (and a small amount of AUD), but doesn't otherwise have a big finance background.

[jeff]

Yes – I just didn't want you to think people were ignoring you because they weren't answering – that's all.

[Anonymous]

Thanks. I also noticed that there haven't been many CFA threads as of late, so I just wanted to see if there are any other CFA candidates out there.

[fuzyfro89]

I had a similar experience with Level 1. It's been a while, but I'd guesstimate maybe 100-125 hours. I will say I didn't plan it that way, but made it through with decent scores in each section. Around half in the middle score bracket and half in the 70+ bracket.

I went for L2 last June, but work and life got me horribly off track during studying. I probably put in 100 hours, again not by design, but this time wasn't so lucky.

Looking back, I think around 200 of solid regular studying would do the trick. It is definitely a harder exam and you won't be able to cruise through the Financials section like you probably did for L1. Lots of new material and detailed things. I would equate it to FAR of the CPA exams. Tons of topics, but none is super difficult. A few will give you trouble, but you really just have to put in the time to learn the terminology and how to solve those questions.

I didn't register for L2 this June, since I didn't expect to have the time given other things I've decided to put some time into… plus I don't currently work in a role where my experience would even qualify for the charter… so not a great use of my time at the moment. I think I'd see a better payoff by going through some operational efficiency programs or something like that.

I didn't pass it last yr, so take my guess with a grain of salt…

Good luck if you go for it!

[Anonymous]

fuzyfro89: For Level 1, I relied exclusively on the Schweser books. However, I have heard that this may not be good enough for Level 2. Have you heard anything about this?

 
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