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CFA Level 2 is an extremely difficult exam. I failed it the first time I took it, but then went on to pass all the CFA exams to become a charterholder.
It's easy to underestimate the difficulty of the CFA level 2 exam. There is just so much information to learn. While it covers similar topics to Level 1 Ethics, Equities, Fixed Income, Derivatives, and more, it goes a lot deeper.
The only way to pass the exam is to stick to a consistent schedule, stay focused, and work through as many practice problems as you can. It is especially important to understand all your mistakes, and redo any questions you've gotten wrong.
The CFA Level 2 format uses a vignette, or page of information, followed by a series of questions related to that information. I recommend reading the questions first so you can answer them as you read the vignette, and you know what information you're looking for.
Be sure to understand all the important functionality of your calculator.
The final month before the CFA exam, do as many practice exams as you can, The test should be your primary focus. Remember to take breaks, get enough sleep, and exercise to relieve stress and stay focused.
During the exam, always skip questions that are difficult, or that you don't know, and come back later. you don't want to miss easy questions at the end because you didn't have time to finish.
Good luck on the exam!
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TIMESTAMPS
0:00 Intro
0:24 Level 2 Difficulty
1:10 How much time to Study
2:34 Learn from Mistakes
3:17 Study Materials
4:16 Level 2 Format Tips
5:25 The Final Month
7:01 General Advice