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Harder? - '04 L2 vs. '05 L3 Author: CDB Date: Sunday, June 5 @ 3:25 pm Which was harder? Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: babylon Date: Sunday, June 5 @ 3:28 pm definitely 05L3. I aced the MC part in the afternoon last year. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: Level 2 guy Date: Sunday, June 5 @ 3:30 pm 2004: L2 AM was long, L2 PM was difficult 2005: L3 AM was relatively- easy (vs prevous L3), L3 PM was impossible. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: babylon Date: Sunday, June 5 @ 3:33 pm I like the word - IMPOSSIBLE ^_^ Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: Green Monster Date: Sunday, June 5 @ 3:37 pm L3 oh'5. Are you f..ing kidding? That bs yesterday pm was, like babylon indicated...impossible. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: biggchinnn Date: Sunday, June 5 @ 3:40 pm ah its gonna be a long summer. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: AD Date: Sunday, June 5 @ 3:46 pm To be honest, anyone who passed Level II last year should have anticipated that reading Schweser for Ethics is not sufficient. Level II made it clear that you need to focus on the Topical Sections - there weren't going to be any 'gimme' points available. However, even though I was prepared for that, I didn't think they would test the discipline/ sanction section and I was suprised by the level of detail they required on Soft Dollars - requiring you to remember the required AND recommended items. I'm also confused about their intent in testing down to this level of detail. In real-world situations, you'd need to refer to the handbook for this sort of minutiae, anyway. AD Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: CDB Date: Sunday, June 5 @ 4:19 pm I always hated tests that you could pass with a 50%...it just does not make sense. This one seemed a bit harder. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: mrhodes01 Date: Sunday, June 5 @ 10:05 pm I thought L2 last year was easy, but CFAI also just happened to ask everything I knew and not the things I didn't (pension accounting was practically absent). I also had just read the ethics book for the second time in its entirety, something I should have done again but did not do for L3. I've been through that material so many times, I thought I could surely recall any details they threw at me in MC format. Never been so wrong... Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: velvet67 Date: Sunday, June 5 @ 10:15 pm i shared the same thought with you.. i could still remember what I memorized last year for 04 on Ethics and decided not to go through again b/c even if i do for two whole days it'd be at the same level, (e.g., definitely not the RECOMMENDED items....) but i don't regret though, to get right to the point on the topics on an ex ante basis means you have to remember EVERY TOPIC to that detail..... for this year's exam i simply don't have that much time. Reply To This Message Re: Harder? - '04 L2 vs. '05 L3 Author: zip Date: Monday, June 6 @ 5:29 am 05 L2 afternoon: I had time and could take also take a 4 minute pee break during the exam 05 L3: I took a look at the paper and felt like peeing

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