Failed (not surprised), need input on planning

[Finaspirant]

I attempted the Part 1 exam and with no finance background, obviously the exam required more preparation but I was not able to devote that much time and hence no excuses - I failed. Had I not failed I would definitely would not have given Part 2 because that would have meant that exam is not difficult and is overrated. But I failed correctly and badly. Thus I would want to attempt it again. I am doing it just to gain insights in financial risk and distantly complement my IT job. You can say as a "hobby".

I needed some advise from the forum. I can understand that right now everybody is busy in talking about the results.

I want to attempt Part 1 again in May 2013. I was thinking that if I start studying right now, should I also attempt Part 2 with Part 1. I know, it will be difficult for anybody to comment on individual capabilities and going by my dismal performance most will say No. Let me ask this question in this manner. Is Part 2 also quantitative where you would be busy using calculators or it is theoretical concepts in nature? If it is mostly quant based then I think I should focus only on Part 1 as I have enough ground to cover in this. If not I might want to attempt it or in between if the prep is not going in that direction defer Part 2 (dont know if that is possible).

Everybody's valuable inputs are welcome !!!

 

[ebb]

P1 required a calculator for a high percentage (>60%) of questions.
P2 required a calculator for far less (<30%) of questions. Lots of conceptual stuff.

 

[sokal1456]

you should attempt both...I regret not doing both at once because it really does come together in terms of the concepts. Good luck! I will be re-taking part II in May as well with you so I hope we both get what we want!

 

[ShaktiRathore]

Hi Finaspirant,
I would advise you to go with part I only in may . given tat your background is IT and you want to jump into the financial risk bandwagon i would definitely suggest to take your time and prepare for part I only for the time being and you can then take part II later once you have cleared the part I.
Its no that part I is more quantitative than part II but that both the parts are equally quantitative may be part II has 1 or more formulas typical but overall i would say that both parts are almost at same level Quantitative wise and are equally difficult to pass.But keep your cool and prepare for both parts one at a time.
Just to make sure you have sound knowledge and understanding at the end of both exams prepare well so that you have ample amount of time and concentrate on part I for the time being.

thanks