I started really late due to a host of constraints and barring a couple of sub sections, have not done any EOC questions. I am using the Scwheser notes. For Intercorporate investments, I did the Schweser EOC and did OK on them. But when I did the CFAI notes EOC, I totally bombed. Which EOC questions are more representative of the actual exam difficulty level? I know I have no time, but I want to give the exam my best shot. Which questions/exams would you say best represent the actual CFA exam and would give me bang for the buck? Keep in mind I have only 14 or so days total to do the EOC/exams/mock exams. Any help is much appreciated.
- I would do about 5 comprehensive practice tests from Qbank. 60 questions. All difficulties. All subject areas. Review each exam and understand as much as possible. 2. If you have days off, I would go and do all multiple choice CFAI EOC questions. There aren’t too many and you could do them all in a week if you keep at it. 3. Do the CFAI Mock and review all answers. 4. Pray.
Topher, Thanks…I only have one day off. What do you think of the difficulty level of the Schweser EOC and Qbank questions versus CFAI book EOC and the actual exam? I started panicking yesterday once I realized that the Schweser questions were a lot easier than CFAI EOC, at least for Intercorporate Investments.
Well it sounds like you’ve at least read all the material which is a start. My personal feeling on difficulty (increasing order): Schweser EOC < CFAI EOC < Schweser Volume 1 < CFAI Mock CFAI EOC is closer in terms of style, wording, calculation intensity, etc. So those are a better gauge. But honestly they aren’t that much harder than Schweser EOC. Qbank can be easy or difficult but sometimes the questions are poorly worded. The benefit of Qbank is you can do a lot and just keep all the material fresh. I would still try and do the plan I have outlined above if I were you.
Makes sense. Thanks! Does any one know if it is the overall score that determines pass/fail or individual section scores?
Overall score and 100% sure, I read it on the CFAI website, maybe on the FAQs or something.
can anyone confirm that pass/fail is overall ant not on a per section basis?
No its not an overall score its the Angoff method. They take the scores and pass the really good ones, fail the bad ones, and then review the in between starting with strength in the topics that are most important to the CFAI. Ethics, eq, FRA, corp etc. You could have the same % score as someone on all sections but if you bombed ethics and did well on econ lets say for example, a person with the same score but did well in ethics will pass ahead of you. Thats why it takes so long to get scores and pass rates out. if it were just scores, then they could load them into a database and spit them out. I heard this from a previous grader who was teaching a weekend class. There is some qualitative measurement as well as quantitative.
Thanks Bizbanker!