. General CFA exam prep.
General Finance/stock market discussion. Career-advicePlease follow these rules while using this subreddit. Do not encourage/distribute illegal forms of study tools.
Do not discuss exam questions during or after writing. Vague, overall thoughts are acceptable. Verbal abuse and harassment are not tolerated. Do not submit memes or advice animals. Do not submit questions regarding general finance job seeking. No attempts at redirecting discussions to external forums.Avoid the use of anxious tones in posts related to testing.Read the. I think I got in the mid 80s on the actual exam and I was getting as followed,Easy:96-100% these should be easy 20s answers.
There were surprisingly several of this level on the actual exam.Medium: 86-90% these are a decent indicator of the bulk of the exam.Hard 78-82%, these were generally harder than most questions on the exam.If you want to do Qbank questions I would stick with a mix of medium and hard questions. That should be a good mix to mimic the actual exam.80% overall is a good target too.Just keep doing them. I did 3000 Qbank questions and it really made me well prepared. Plus the several mock exams.
But the Qbanks are great for having a spare 45 minutes here or there. I did them on my lunch break at work every day. That's an extra 8-10 hours a month.
So I drilled through every qbank question and I’m doing quite well. I feel pretty confident about the test.Then I was checking out CFAI’s website and found out they have test questions and mock exams too. So I started their study sessions and WOW these questions are a lot more involved and more difficult.
I was getting 85-90% on the econ for qBank and I’m getting like 70% with CFAI. One question has you calcuating Fisher Index from a basket of goods.Which one is more realistic of the actual exam? The topic tests on the CFAI website are great practice, however they were harder than the actual exam (and Qbank) in my opinion. I probably took each topic test 5 times, over a span of a couple months and I still don’t think I got above an 80% on them. Don’t feel bad if you can’t get more than 70% of the answers correct. Even the CFAI practice exam felt harder than the exams.To answer your question, I would say it’s somewhere in between, but I remember leaving the test thinking that CFAI and both prepared me well.
For reference, I took 8 practice tests. I was getting in the mid-60% range for and CFAI for the first 7.
It wasn’t until #8 until I got close to 75% on a practice exam.Don’t overthink the topic test scores, but definitely use them in abundance for practice alongside Qbank. 125mph wrote:So I drilled through every qbank question and I’m doing quite well.
I feel pretty confident about the test.Then I was checking out CFAI’s website and found out they have test questions and mock exams too. So I started their study sessions and WOW these questions are a lot more involved and more difficult. I was getting 85-90% on the econ for qBank and I’m getting like 70% with CFAI.
One question has you calcuating Fisher Index from a basket of goods.Which one is more realistic of the actual exam?In generalities, in my experience the calculation aspects of the level 1 exam was less involved than what you would see in practice questions. Also don’t focus too much on calculation type questions as that’s not the focus of the material.With the scores you’re getting I don’t think you’re in danger of not passing. The practice questions (The ones on the website are ridiculous).
I go over them slowly though and surely because most of them are not going to be on the test in my opinion. I am sure some questions will be, but the amount of work involved in some of the questions has taken me 10 minutes. The only exception is Fixed Income and Quant which I somehow managed to do well on in terms of these questions but Equity (This and FRA are my weakest) is killing me. Some say the CFA mocks are more true to the exam. I don’t know.I do like the practice questions as it feels like I get a more in depth look and really have had to use my brain for these questions. They aren’t as straight forward.
Ghettoe wrote:The practice questions (The ones on the website are ridiculous). I go over them slowly though and surely because most of them are not going to be on the test in my opinion. I am sure some questions will be, but the amount of work involved in some of the questions has taken me 10 minutes.
2013 Schweser Kaplan Cfa Level 1 Qbank Test
The only exception is Fixed Income and Quant which I somehow managed to do well on in terms of these questions but Equity (This and FRA are my weakest) is killing me. Some say the CFA mocks are more true to the exam. I don’t know.I do like the practice questions as it feels like I get a more in depth look and really have had to use my brain for these questions. They aren’t as straight forward.In my opinion, the CFAI online questions and the EOCs are a few notches more difficult than the actual exam questions.
They’re designed to make you really understand what’s going on. I was scoring 60-65s in mocks for L1 and L2 (1 week before the exam) and ended up passing with flying colors come test day.