|Author||Topic: LII-ers advice needed|
|Just moving on to LII, waiting for analystnotes notes, and taking a first look at the most recent study guide to LII ...
A few questions here:
1) What are the three most challenging topics of the LII exam and what is so difficult about them?
Thanks a lot, folks! Wish you best of luck with your results!
|THANKS a lot for your timely replies! You're giving new hope when you say that LI and LII are not very distinct in the level of difficulty. I also noted some overlap of material.
It's true that LI-ers had a few question on triangular currency arbitrage this year, but the problems were formulated in the easiest way possible: one quote for each pair of currencies, no transaction costs.
njain, I appreciate your kind words!
|2-4 hours per day, start Jan 1st and try to be finished by May 1st then do complex problems for the last month. CFAI suggests 250 but I think 350 or 400 is even better. I put in about 400 and thought the test was not difficult.
2) Level 2 wasn't particularly more difficult then level 1 but a few items that were challenging were Covered Interest Arbitrage, Multiple Regression Analysis and Pension Accounting.
With any of the levels, I think the key is get through the material so that you can start taking practice questions and exercises.