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CFA Level II Books/Prep Question

Posted on 7/29/13 at 8:44 am
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2960 posts
Posted on 7/29/13 at 8:44 am
For those that have taken the exam, which of the books do you recommend? For level I, I used the CFA books but quickly found them to be long winded and inefficient. I'd appreciate any thoughts or concerns about study prep for arguably the hardest exam i'll ever take.

:nb4prepareyouranus:
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 7/29/13 at 6:46 pm to
Schweser worked well for me for L1, so I'm going to use those again.
Posted by southernelite
Dallas
Member since Sep 2009
53124 posts
Posted on 7/29/13 at 7:34 pm to
quote:

Schweser worked well for me for L1, so I'm going to use those again.



how much were those for level one?

I just ordered the CFA Level 1 stuff.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 7/29/13 at 8:12 pm to
I think mine came out to 1500 but that included a class I attended as well. You could probably get the books for 6-700 or so I would guess, there are a ton of different options. Don't get the video lectures, do get the Qbank and the secret sauce.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 7/29/13 at 8:16 pm to
So, y'all have done the series 7 and state exams? How were those?
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 7/29/13 at 8:28 pm to
I've only done the 7, but didn't think it was too bad. There's a decent amount of material but nothing is conceptually difficult.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 7/29/13 at 8:45 pm to
What all can you do with the series 7 and state exams banking wise?

Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 7/29/13 at 9:20 pm to
LINK

You sure do ask a lot of questions
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2960 posts
Posted on 7/29/13 at 9:22 pm to
Ya, i think i'll go with Schweser as well. Preciate the feedback
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 7/29/13 at 9:39 pm to
What's wrong with asking lots of questions?
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 7/29/13 at 9:48 pm to
nothing. But a lot of this stuff is easily attainable by a quick google search.
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2960 posts
Posted on 8/2/13 at 1:41 pm to
Just bought schweser and registered for exam. Preparing my anoos
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 8/2/13 at 4:17 pm to
Doesn't it cost about 1000 dollars to take each test?
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 8/2/13 at 4:20 pm to
Also is this true?

quote:

Before you can become a CFA charterholder, you must have four years of investment/financial career experience. To enroll in the program, you must hold a bachelor's degree.


Read that on Investopedia.
Posted by southernelite
Dallas
Member since Sep 2009
53124 posts
Posted on 8/2/13 at 5:09 pm to
quote:

Before you can become a CFA charterholder, you must have four years of investment/financial career experience. To enroll in the program, you must hold a bachelor's degree.



Yes. You have to be degree in process to take Level 1. Then for 2 & 3, you must have a degree. Your 4 yrs experience can come after you've taken all the tests, you don't need the experience to sit for the tests.

And yes, quite expensive, by the time I got my passport up to snuff and all, I'm around $1300-1400 for Level 1
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 8/2/13 at 5:10 pm to
Yes and yes.

I wouldn't worry about the 4 years though, very very few people pass all 3 exams on the first try and even if you did you would just have to wait a year to get your certificate. You could still tell potential employers that you had passed all exams and are fulfilling your work experience to be eligible for your charter.
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