Hi, I'm going to give my cfa level 2 in feb 2022. I'm almost done with reading for the first time . How do you reckon we get in mocks/eocqs/ Institute website questions.? How much did you score in your mocks and Institute questions? And lastly how many mocks did you give? Thanks. Regards, Atharva
Hi Atharva! Nice! You seem very prepared. In my experience, my results on the mocks were very variable. Depending on the section (and because there were only 6-12 questions per subject in every half exam), I could get anywhere from 40-80% in any given topic, which was terrifying. However, whichever section I was lagging in, I would "drill down" either by reviewing that chapter or doing chapter-specific problems from the Kaplan wordbank. The thing I'd note here is that I would not "cheat" on any practice problems - I used the knowledge straight out of my head, and I never took "open book" tests - that is, next to my notes or formula sheets. I wanted to know exactly how I would do - if I would take the test in real life - so I could get a gauge on where my progress was. I started doing my mocks before I had done most of my formula memorizing - so there were sections that I flat out circled and gave myself a zero for. I was pretty brutal on myself! In the last month of my exam, I was brushing up on Financial Reporting and I tried doing some of the CFA Institute TestBank questions - it felt like those were 40x harder. The Kaplan ones are more streamlined/simplified. I ended up completing something like 90% of the Kaplan wordbank. For mocks, I had the two books from Kaplan, so I did 4 mocks, but when I was reviewing, I had the books from the Kaplan Workshop, and I spent time making sure I was reviewing those so I knew every "kind" of problem I could experience. Hope this helps! Let me know if you have any other questions!
Hi Marta. It’s really nice that you are advising on how to approach this and it really is helpful. I gave my L2 in feb 2022. It was okay. Am session was absolutely fantastic but PM session went a bit uncomfortable but overall it was okay and good. Just waiting for the results now🙂
A couple months out from the exam, I liked to do once a week, 3 hour study sessions, then as you get closer, add an hour on the weekdays, in addition to the weekend sessions. If you only have 2-3 months, make that two hours every day, and in the last month or two study as hard as you need to get the material in your head! It's varies person-by-person so use the mock exams to gauge your understanding :)
Hey, I'm going to give my CFA L1 in Nov'21 and I'm literally struggling with FRA. I already took a mock on that topic but didn't score well. Can you please tell me any tips or anything that you took while completing FRA.
Hey Anamika! I very much feel your pain. FRA was completely new for me. I remember when I was prepping for Level 1, I took a week off of work, and most of that week was dedicated to FRA alone. I spent hours just reading the chapters in Kaplan, doing every single review question, and then drilling in the CFA institute question bank - doing sets of 20 or 30 questions. Making a list of what I did wrong and making sure I dont make the same mistake twice...
Thank you, Marta. You are an angel for sharing these tips. Could you please inform us how much time did you spend on the readings and the revision for L2? Also, just of curiosity are you of Indian heritage? Your surname sounded like one.
thank you Sankalp! I had a 3 month sprint - 1-2+ hours studying almost every day. Fewer in the beginning, and many more towards the end :D Are you studying now? And not heritage! My husband is from India. You too?
@@martamartachka Thank you for your reply Marta. I will be answering L2 in Feb. Could you recommend something for defined contribution pension. That chapter is going over my head. Also, in general any tips for remembering FRA part? And yes I am an Indian. You speak with a lot of clarity which is very helpful.
Hi Marta, Going to give my L1 in few days was getting tensed and anxiety ,after seeing your video feeling good and motivated. Thank you . Can you please tell how to revise the whole syllabus in last few days ? What would you recommend?
Hi Noor! That's awesome to hear. You may have already taken the test by now!! In the last couple of days, the most you can do is keep the formulas fresh in your head, and make sure you are well-rested and confident. If you don't remember the answer, in many cases you can figure it out. Deduction, crossing off nonsense answers, etc. I hope it goes well!
hey, i m registered for level 1 FEB 22, till now i still have 2 readings to finish all the topics for the first time , now what should i plan for the next months to maximize my practice, and set a plan for the next months, thank you
Hey Sa Y! Nice, since you have time, i would plan to review each section (equity, fra, derivatives) - 1 section each week or every two weeks, then start practice problems January - February. It's important not to forget all that you've learned, so make sure you *really know* it by reviewing the concepts & taking end of chapter questions!
Hye Marta, I wanted to know that do we need to fill passport number and expiration date for Level 2 exam or is that required for Level 1 only? I recently completed registration and scheduling of level 2 exam but I don't remember filling passport details.
Hey Arjun! I also did not fill it in twice, but I did double check the details. You can always edit your account on the cfa portal in case anything changed!
Hi Muhammad! I would drill into the section, so either use the CFA Qbank, Kaplan QBank, or End of the Chapter Questions and do sets of 10-20 questions on the same topic. Once you do 3-4 sets, you will start seeing the pattern of questions that are asked and should be able to avoid making the same mistakes. Sometimes this is more effective than just rereading the section - let me know if this helps!
You're awesome, your content was to the point and very resourceful , but i am still confused about taking cfa because of the huge investment of exam fees , study material and having an engineering background , i would like to know your opinion about it . Wishing you all the best ❤️❤️
Hi R C! Thank you so much for your comment! If you are an engineer looking to pivot into finance, you will find the CFA useful, however it will take a long time to get it. I would say to look at the jobs you want to have. Do the job descriptions state that a CFA is useful or necessary? Alternatively, is your resume strong enough to get there on its own? (Also might you change your mind about your career?) - I do have a video out on "Reasons to consider before starting the CFA" - check it out!
Hi Prem! End of November is still a long way off. But factor in holidays and any breaks in your study schedule, and you may feel some time pressure. You should definitely be able to get through the curriculum, but keep going & practicing!
Hi Mohammed! I unfortunately gave my materials away to another poor soul. Best of luck! Although you get the online copy for free once you sign up for the test.
Feel free to respond right here! I will diligently come back to you :) I haven't opened up my social networks yet - this whole CZcams endeavor is so new to me, but I'm happy to answer any questions! Sometimes I feel I give too much information - but absolutely - ask any questions!
Thank you Kinjal! When you get to the test, after you answer a question and if you have time, ask yourself, where are these other answers coming from? Did they add or subtract something I did not? Like if the difference is 2, and I know that Its because they added back, say depreciation. Do I agree with my original answer or maybe did I forget to add back depreciation 😅😅 this can help bolster your confidence in your answer, or it's a good second check in case you weren't absolutely sure!
![How I Passed the CFA Level 1 Exam [+95th Percentile Scorer?]](/img/n.gif)
Hi,
I'm going to give my cfa level 2 in feb 2022.
I'm almost done with reading for the first time .
How do you reckon we get in mocks/eocqs/ Institute website questions.?
How much did you score in your mocks and Institute questions?
And lastly how many mocks did you give?
Thanks.
Regards,
Atharva
Hi Atharva! Nice! You seem very prepared. In my experience, my results on the mocks were very variable. Depending on the section (and because there were only 6-12 questions per subject in every half exam), I could get anywhere from 40-80% in any given topic, which was terrifying. However, whichever section I was lagging in, I would "drill down" either by reviewing that chapter or doing chapter-specific problems from the Kaplan wordbank.
The thing I'd note here is that I would not "cheat" on any practice problems - I used the knowledge straight out of my head, and I never took "open book" tests - that is, next to my notes or formula sheets. I wanted to know exactly how I would do - if I would take the test in real life - so I could get a gauge on where my progress was. I started doing my mocks before I had done most of my formula memorizing - so there were sections that I flat out circled and gave myself a zero for. I was pretty brutal on myself!
In the last month of my exam, I was brushing up on Financial Reporting and I tried doing some of the CFA Institute TestBank questions - it felt like those were 40x harder. The Kaplan ones are more streamlined/simplified. I ended up completing something like 90% of the Kaplan wordbank.
For mocks, I had the two books from Kaplan, so I did 4 mocks, but when I was reviewing, I had the books from the Kaplan Workshop, and I spent time making sure I was reviewing those so I knew every "kind" of problem I could experience.
Hope this helps! Let me know if you have any other questions!
Study buddies are the ones who unknowingly pushes you to do better 🙈 i so agree to this part
I couldn't agree more. i always studied by myself so this was definitely something i didn't expect
Just came across your page today. I'm preparing for my L1 paper in Feb 22. Some great content you have here🤙
Thank you Shadreck! That is very kind of you! :D
Hi Marta. It’s really nice that you are advising on how to approach this and it really is helpful.
I gave my L2 in feb 2022. It was okay. Am session was absolutely fantastic but PM session went a bit uncomfortable but overall it was okay and good.
Just waiting for the results now🙂
Great and very helpful tips Marta!!!
Thank you Randy!
Thanks for sharing your knowledge!
Glad you liked it!
Hi, I am preparing for CFA level 1 with CFA material.
Qn: is CFA institute books sufficient or do I need Kaplan books?
Hi there! The CFA Institute Books are definitely sufficient, there is just more content there, so make sure you are retaining as much as you can!
Hi i am going to give CFA level 1 exam in feb 2022. What you say about study material and how much time should i do for 1 day and how helpful it is?
A couple months out from the exam, I liked to do once a week, 3 hour study sessions, then as you get closer, add an hour on the weekdays, in addition to the weekend sessions. If you only have 2-3 months, make that two hours every day, and in the last month or two study as hard as you need to get the material in your head! It's varies person-by-person so use the mock exams to gauge your understanding :)
Very practical and useful, thanks!
Thank you Sotiris! I'm glad it helped!
Hey, I'm going to give my CFA L1 in Nov'21 and I'm literally struggling with FRA. I already took a mock on that topic but didn't score well. Can you please tell me any tips or anything that you took while completing FRA.
Hey Anamika! I very much feel your pain. FRA was completely new for me. I remember when I was prepping for Level 1, I took a week off of work, and most of that week was dedicated to FRA alone. I spent hours just reading the chapters in Kaplan, doing every single review question, and then drilling in the CFA institute question bank - doing sets of 20 or 30 questions. Making a list of what I did wrong and making sure I dont make the same mistake twice...
Thank you, Marta. You are an angel for sharing these tips. Could you please inform us how much time did you spend on the readings and the revision for L2? Also, just of curiosity are you of Indian heritage? Your surname sounded like one.
thank you Sankalp! I had a 3 month sprint - 1-2+ hours studying almost every day. Fewer in the beginning, and many more towards the end :D Are you studying now? And not heritage! My husband is from India. You too?
@@martamartachka Thank you for your reply Marta. I will be answering L2 in Feb. Could you recommend something for defined contribution pension. That chapter is going over my head. Also, in general any tips for remembering FRA part? And yes I am an Indian. You speak with a lot of clarity which is very helpful.
Hi Marta,
Going to give my L1 in few days was getting tensed and anxiety ,after seeing your video feeling good and motivated.
Thank you .
Can you please tell how to revise the whole syllabus in last few days ? What would you recommend?
Hi Noor! That's awesome to hear. You may have already taken the test by now!! In the last couple of days, the most you can do is keep the formulas fresh in your head, and make sure you are well-rested and confident. If you don't remember the answer, in many cases you can figure it out. Deduction, crossing off nonsense answers, etc. I hope it goes well!
hey, i m registered for level 1 FEB 22, till now i still have 2 readings to finish all the topics for the first time , now what should i plan for the next months to maximize my practice, and set a plan for the next months,
thank you
Hey Sa Y! Nice, since you have time, i would plan to review each section (equity, fra, derivatives) - 1 section each week or every two weeks, then start practice problems January - February. It's important not to forget all that you've learned, so make sure you *really know* it by reviewing the concepts & taking end of chapter questions!
@@martamartachka thank you
❤
Hye Marta,
I wanted to know that do we need to fill passport number and expiration date for Level 2 exam or is that required for Level 1 only? I recently completed registration and scheduling of level 2 exam but I don't remember filling passport details.
Hey Arjun! I also did not fill it in twice, but I did double check the details. You can always edit your account on the cfa portal in case anything changed!
Thanks for the video. Taking lv1 in Nov. Stuck with hypothesis testing. Repeated it 3 times but couldn't help myself remembering it. Any tips?
Hi Muhammad! I would drill into the section, so either use the CFA Qbank, Kaplan QBank, or End of the Chapter Questions and do sets of 10-20 questions on the same topic. Once you do 3-4 sets, you will start seeing the pattern of questions that are asked and should be able to avoid making the same mistakes. Sometimes this is more effective than just rereading the section - let me know if this helps!
Thank you very much
You're awesome, your content was to the point and very resourceful , but i am still confused about taking cfa because of the huge investment of exam fees , study material and having an engineering background , i would like to know your opinion about it . Wishing you all the best ❤️❤️
Hi R C! Thank you so much for your comment! If you are an engineer looking to pivot into finance, you will find the CFA useful, however it will take a long time to get it. I would say to look at the jobs you want to have. Do the job descriptions state that a CFA is useful or necessary? Alternatively, is your resume strong enough to get there on its own? (Also might you change your mind about your career?) - I do have a video out on "Reasons to consider before starting the CFA" - check it out!
I am goind to take l2 in feb 2022 completed equity fixed income and corporate finance do you think i will able to complete syllabus by the end of nov?
Hi Prem! End of November is still a long way off. But factor in holidays and any breaks in your study schedule, and you may feel some time pressure. You should definitely be able to get through the curriculum, but keep going & practicing!
Hi marta
Could you please help me to get the copy of CFA L1 , OR any one here can help me!
Hi Mohammed! I unfortunately gave my materials away to another poor soul. Best of luck! Although you get the online copy for free once you sign up for the test.
Hi Marta , though it’s not relevant to CFA - how come you got Saxena as a Surname ?
Half Indian ?
Btw, loving ur videos !
S button pressed 🤘
Hi Abhimanyu! Married to a Saxena :) thank you so much!
Thanks
Glad you liked the video!
Just subscribed this channel...
Preparation for CFA L1.🙂
Good luck!! You can do it
@@martamartachka yahh ma'am
Tying
Ma'am can you give me your mail id or WhatsApp no or any other social site, to get some of discussion for Cfa
Feel free to respond right here! I will diligently come back to you :) I haven't opened up my social networks yet - this whole CZcams endeavor is so new to me, but I'm happy to answer any questions! Sometimes I feel I give too much information - but absolutely - ask any questions!
Sitting in 9 days. Any last minute advice?? BTW Good video!!!
Thank you Kinjal! When you get to the test, after you answer a question and if you have time, ask yourself, where are these other answers coming from? Did they add or subtract something I did not? Like if the difference is 2, and I know that Its because they added back, say depreciation. Do I agree with my original answer or maybe did I forget to add back depreciation 😅😅 this can help bolster your confidence in your answer, or it's a good second check in case you weren't absolutely sure!
Thanks for sharing 👍👍
Thank you Nahla!
@@martamartachka keep up the good work and continue making these videos 😉
I'm interested in CFA and CMA exams but procrastination is my problem.
@@NahlaOT I haven't registered for Level 3 yet, waiting for the guilt to kick in 😂
marta u look extremely beautiful
P.S. thanks for valuable tips
Oh thank you! Glad you enjoyed the video
@@martamartachka
He tried taking his chances
Soo beautiful