Posted on 28-01-21 at 4:45 pm
Passing the Level I exam is the first major milestone on your journey towards the CFA charter and is a major accomplishment. At this stage, you might be wondering whether to take the Level II exam in May, August, or November 2021and if so, when to start studying?
Here is how your path to your charter can look like:
Whether or not to take the Level II exam in May 2021 should depend on the following:
If you enjoyed the Level I material, are excited about expanding your knowledge of investment management, and will be able to make time to study, then I say take the Level II exam in the next available sitting i.e. May 2021. However, you can also choose to sit for the Level II exam in August or November 2021, but this will mean that you cannot sit for the Level III exam until 2022.
Before addressing the issue of when to start studying, I’ll make some high-level points related to the Level II exam.
Given the above, I’d suggest you start your studies as early as possible. If time is on your side, you have the luxury of being able to properly understand Level II concepts. You’ll enjoy the material and learn a lot more this way. Alternatively, you could wait for the last few months and then cram with the sole objective of passing the exam. Unfortunately, many people follow the later ‘strategy’, but I hope you understand when I say it is not the recommended approach.
For either path you choose to take, I wish you the best of luck.
Arif Irfanullah, CFA