I am an undergrad student and began studying mid October for level 1 and scored a 56% on a Schweser mock a few days ago. I really want to kick it into gear in order to pass in a few weeks. I know I have a lot of work to do but believe that I can pass given an efficient reviewing plan.
I was wondering how everyone reviews their missed questions on mocks? I would like to go back to each study session and review each LOS but this will take quite awhile and wasn’t sure if this will allow me to cover everything efficiently.
Another idea was to just skim the Key Concepts pages but am not sure if this will allow me to retain the information effectively.
Just go through your mock, go to the questions you got wrong, read the correct answer, either undestand the mistake I made, or go back into the material and work on it until I can get the correct answer on those types of problems.
The review is BY FAR the most important part of the process. If you are not doing a comprehensive review of your mocks your scores will not improve. The mock only serves as a guide post to your understanding of the material, use it to see where you are strong and where you are weak, and that will dictate how you allocate your remaining time
I appreciate the pro tip. It’s very simple, yet effective since I’m not trying to go through all the readings in attempts to pick up a few concepts. I think that doing this with 4 more mocks will allow me to “fill in the holes” as everyone says around here.
The only section I haven’t covered is economics just because I wanted to allocate my time to others I thought I’d do better at. Should I use this same approach for econ or man up and spend half a day skimming the book? I’m scoring like 30% in that section which is definitely hurting my overall score.
I found that during last 2 mocks over 50 % wrong answers were trivial errors so concentration training is important thing once you cover and understand concepts (approx.2-3 weeks before actual exam).
So I reviewed every question I missed on the last exam except for economics due to time constraints and because I knew I was going to need to spend more time learning the concepts. I brought my score from 56% to 65% which makes feel a lot better. Obviously I still have a lot of work to do but I know I can hit that 75% range before exam day as I have 4 mocks left.
My plan is to take another 2 days to review missed questions then mock again to see where I’m at. My corporate finance, portfolio management and equities scores are in the 80% range so I won’t focus on those as much. Alternative investments is also going pretty well so don’t think I’ll worry about it.
Going to spend a lot of this review with economics since I’m scoring around 30% and any bit of review (basic definitions, etc.) should bring that score up a bit. Fixed income has also proved challenging for me and need to evaluate how I’m trying to absorb this info and understand the patterns. Derivatives has also been a killer but I’m scoring around 40-50% and I think my attention is better served elsewhere. I’ll save this for last if I have time.
Ethics, Quant and FRA have all been sections that I’ve been making meaningful improvements in so I’ll keep doing what I’m doing. I’m fairly confident I can score in the 75-80% range in these which should help my overall score considerably.
Sorry for the long post but it’s helpful and motivating for me to write this down! I’ll keep you all posted and thanks for the help and support.
The best return on investment you can get is to go over the weakest areas. If you are scoring 80% in the Portfolio Managment section and spend another two weeks on it, you will score 75% - 85% in the exam. I know that you want to maintain your ability in the strong section, but just trust that it will happen. Try and get the Economics section improved. Spend a little time at your weak areas. Close to the exam you will be able to cram your strong areas, but your weak areas will leave you feeling stressed. So try and tackle that now.