How can I study for and pass the CFA Level II exam on June 2009?
Sample and Mock Exams One valuable way for you to prepare for the CFA exams is to take practice exams ahead of time. The Benefits for You: * Reliable − Designed by the source of the CFA exams, CFA Institute * Realistic − Reflect actual CFA exam question formats, topics, and level of difficulty * Real-time − Sample exams offer a timed environment to mimic the actual testing experience. Mock exams are not timed but are designed to be taken over six hours at levels I and II, like the actual CFA exam. Level III is offered as one three-hour session. * Results − Overall performance results show strengths and weaknesses with references for further study * Affordable − One mock exam is included with registration, free of charge. The December 2009 exam registration fee also includes one sample exam (free of charge). Beginning in 2010, sample exams are available at minimal cost. Sources: http://www.cfa
How to Pass the CFA Exam Level 2 The CFA Level One exam’s focus is on predominately on investment and financial concepts. The CFA Level Two exam focuses on the application of those concepts. Only two-thirds of the candidates who take this very difficult exam pass it. That is why it is critically important to study and be well prepared. Instructions Step 2 Know how the test is set up. The CFA Level Two exam is composed of 120 questions and is administered in two separate 3-hour sessions. You are given ten hypothetical cases in which after each case you will be asked a series of multiple-choice questions. Step 2 Make a list of the exam topics. They are: Ethical and Professional Standards, Investment Tools, Asset Valuation and Portfolio Management. Step 3 Obtain a Candidate Book of Knowledge. This book contains the Ethical and Professional Standards contained in the exam. This section accounts for 5-15 percent of your overall exam score. Step 4 Study Investment Tools. Accounting for 35-45
