347 647 9001+1 714 797 8196Request a Call
Call Me

Crack CFA Level II Exam!

February 25, 2010

Questions in CFA Level II Exam are not very difficult/ different from Level I. The prime difference is that they are related to (one case and) one subject/ topic and unless you completely understand that topic and the question (Case statement) correctly, you can just do the full case wrong. On the flip side, if you understand the case statement well and attempt the question with a cool mindset, the chances of getting all questions related to a case correct are very high.

To start preparing well for Level II CFA Program, I advice the following:

  1. Find the story in a topic
  2. Find the thread that connects the questions
  3. Try to find the kind of questions that are asked in the exam
  4. Make sure that understand and remember the key points

For example, if you are preparing for Quant - Story:

  1. Everything is related to "explaining one variable on the other". If its cross sectional regression analysis, then x is explained by y. If its time series, then x is explained by "t".
  2. Check for hypothesis that the relationship (linear) is significant
  3. There are assumptions behind the explanation - a) Errors are independent, b) Errors are homoskedastic c) Errors are normal
  4. Check the assumptions thoroughly

General Questions:

  1. Can you understand the relationship between independent and dependent variable?
  2. Can you check for the significance of relationship?
  3. Can you understand the assumptions and know when they are being violated? Do you remember the tests to check so?
  4. Are there any corrective measures?

If you remember the "Big Picture" and the tools to decipher the big picture I am sure you can crack the code for the full exam.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to and we will rectify it.

Popular Blogs: Whatsapp Revenue Model | CFA vs CPA | CMA vs CPA | ACCA vs CPA | CFA vs FRM

Post ID = 4144