CFA Level II Results: Passed!
This morning, I received my results for the CFA Level II exam. I’m very happy to say that I passed. This was my third time taking the exam.
I’ve been blogging about my attempts to pass Level II for two years now. The first year, I wrote a detailed description of my study plan and my test day experience. The second year, I only wrote a few short entries and didn’t write about my results, because I was incredibly discouraged about not passing.
My results were pretty stellar this year. I had >50% correct on every section, and most sections I had >70% correct. I think I finally found the right combination of studying, note taking, and practice exams to make all the content stick.
Although these results look great, I have to point out there’s a certain amount of randomness involved. There’s an enormous about of content required for Level II, but only a small portion of it appears on the actual exam. All three years that I took the exam, there were subjects that I spent 20-30 hours studying that did not appear on the exam, and there were subjects that I only spent 5 hours studying that did appear on the exam.
I’m very happy that my hard work paid off. I’ve probably spent over 600 hours studying for this particular exam. I intend to take Level III next year and put in between 200-300 hours of studying.
Author: Matt Kirisits