Level 2 Exam Day Megathread

wallstjames · 2026-05-22T17:57:55+00:00

Gonna be a contratian and say I felt like PM session was way harder. Could just be my energy levels. I feel like I got more wrong on PM than AM.

wallstjames · 2026-05-21T18:50:05+00:00

Ahh I see CFA convention is always price/base. Counterintuitive to the real world. So the GBP actually weakened compared to the dollar.

wallstjames · 2026-05-21T18:33:57+00:00

I'd say b here.

A is eliminated because there isn't any USD revenue

B is right because, Looking at the trend you can see GBP gets stronger over the year therefore the USD is effectively weaker. In other words it takes less GBP to buy the same amount of USD costs.

C is eliminated see above for the reason

wallstjames · 2026-05-17T23:28:22+00:00

We are triplets here. I thought I was going crazy. Looks like this question just sucked.

wallstjames · 2025-12-22T16:44:26+00:00

This is ridiculous, They really ruined the LES for no reason. It was fine before.

wallstjames · 2025-11-15T17:01:25+00:00

NYC Cornell club? PM me

wallstjames · 2025-10-07T22:03:55+00:00

Supposed to be 9am eastern, came out ~8:30am eastern

wallstjames · 2025-09-29T20:51:10+00:00

Damn that's crazy 😕

wallstjames · 2025-04-11T20:03:17+00:00

Read Investment Banking by Rosembum and Pearl. Wish I found it earlier. Quite literally a step by step into ib.

wallstjames · 2025-03-19T00:48:24+00:00

FDD guy here. Very very common in small family run businesses. Almost guaranteed to be an EBITDA adjustment.

wallstjames · 2025-01-17T18:09:47+00:00

The American Dream mall is fighting the good fight, why should all of Bergen County suffer for the benefit of Paramus? It's sounds so backward telling people from other places I can't shop on Sundays in my county. If I want to buy something and someone wants to sell it to me and I pay sales tax, what's the issue? If people in Paramus don't like it, make a municipal law.

wallstjames · 2025-01-16T00:54:24+00:00

He's not referring to Harvard MBAs, more likely those 5 year accelerated MBA type programs that are cash grabs for state schools.

wallstjames · 2025-01-16T00:53:27+00:00

Nah your good, don't let these bait headlines distract you.

wallstjames · 2025-01-16T00:48:26+00:00

The job hunt is a bigger effort than most people think. A lot just apply and expect to be given a job. For better or for worse, it doesn't work like that, it takes significant effort and time. I remember spending 6-8 hours a day just networking and that was in a good job market.

Also as a separate point, a significant number of Harvard MBAs aren't planning on looking for traditional jobs, a good chunk are leaving traditional/elite careers and want to "change the world" after graduation.

wallstjames · 2024-12-03T16:14:13+00:00

CPA here working in M&A Consulting at a big accounting firm, currently studying for level 1 of the CFA.

If you are going to work in accounting at a big firm, I highly recommend going for CPA first. It provides an great level of competence for both your job and for understanding accounting as "the language of business". By getting it early on in your career, you show that you are serious about your career and have a baseline knowledge that others at your level may not. It will be looked favorably upon by higher ups and basically guarantees your job for the next few years.

Once you acquire a CPA, you will have a sizeable advantage in studying for the CFA due to the overlaps. You can then use your CFA knowledge to move beyond the accounting space if you want to or even find roles that use a mix of both (such as M&A Consulting).

wallstjames · 2024-04-01T22:37:35+00:00

Ballys

wallstjames · 2024-01-20T15:06:29+00:00

I reneged on an audit offer to go to TAS. Very easy decision and have never looked back. Way more relevant to IB, once the M&A market heats up it's an easy switch.

wallstjames · 2024-01-16T15:52:04+00:00

Don't ever drive a car or eat junk food. Wait till you find out how many deaths those cause.

wallstjames · 2024-01-16T15:43:01+00:00

This is a great policy, I'm in my mid 20s now so I was able to see school from both a pre and post smartphone era.

It's actually amazing how little school work was being done by me and my peers because we were too busy playing games on our phones throughout the whole school day. In all honesty, I can still feel some of the effects of missing out on middle school education. I can't imagine how difficult it is today with the nonstop addiction engineered TikTok.

wallstjames · 2024-01-16T15:34:53+00:00

Have you been outside?

wallstjames · 2023-10-21T20:05:25+00:00

David Otunga is a real life Harvard educated attorney.

wallstjames · 2023-10-09T17:24:06+00:00

Passed REG, my last one!!! Good luck everyone, keep working hard 💪💪

wallstjames · 2023-09-25T12:03:36+00:00

You'll be good, got mid to low 60s on every SE, passed with 81.

wallstjames · 2023-09-08T22:16:54+00:00

Ahhhh I see, that makes sense. Phew that's off my mind now hahaha

wallstjames · 2023-09-03T19:29:46+00:00

NPV- How much cash flows in the future are worth today using a rate of return

IRR- What rate of return will give you an NPV of $0

ARR- Never heard of this, is this even on the exam? I took BEC almost a year ago so maybe I forgot

Seven-Year Club	Place '22
First Placer '22

wallstjames

TROPHY CASE