Is It Possible to Write the CFA Level 2 in December After Completing Level 1 in June?
The CFA (Chartered Financial Analyst) exams are an important milestone for aspiring investment professionals. A common question that candidates often ask is whether it is possible to write the Level 2 exam in December, after completing Level 1 in June. The short answer is that it is possible, but it requires careful planning and adherence to specific timelines.
Qualifying for the CFA Level 2 Exam
To write the Level 2 exam, you must first complete and pass the Level 1 exam, typically in June. Once you have passed, you are eligible to register for Level 2. However, it is important to note that the CFA Institute has specific registration deadlines and processes in place.
Typically, the CFA Institute releases Level 1 results about 60 days after the exam. This means that you can expect to receive your results in late July or early August, provided you performed well. If you do pass, you will have until the registration deadlines for the December exam to sign up.
The Registration Process for Level 2
Here are the key steps to consider when planning your CFA journey:
Pass Level 1 by June: Ensure you are prepared and take the exam in June, as it is the only time of the year when Level 1 is available. Wait for Results: After the exam, wait for your results, which should be available by late July or early August. Plan Your Level 2 Study: Use the available time to plan your studies for Level 2. The curriculum for Level 2 is more complex and comprehensive than Level 1. Register for Level 2: Once you have your Level 1 results and within the registration window for the December exam, sign up for the exam.Importance of Timely Registration
It is crucial to register for Level 2 during the designated window, as late registration is not typically an option. Missing the registration deadline can result in missing out on the exam for that year. Additionally, it is important to be aware of study requirements and time management, as Level 2 demands more advanced knowledge and skill than Level 1.
Other Important Considerations
The CFA Level 2 exam happens only once a year, in June. Therefore, if you miss the December window for Level 1, you will have to wait until the following year to attempt Level 2. This makes it imperative to manage your time effectively to ensure you clear Level 1 in June and can proceed to Level 2 in the subsequent June.
Some candidates may find it challenging to balance preparation for Level 2 with other commitments, such as college exams. However, thorough planning and consistent study can make it feasible. Starting your Level II prep as soon as you receive your Level 1 results can provide a strong motivational boost and help you manage your time more effectively.
In conclusion, while it is possible to write the CFA Level 2 exam in December after completing Level 1 in June, it requires careful planning and adherence to specific timelines. By following these steps, you can increase your chances of success and achieve your CFA certification goals.