Hi Vicky. I would be very appreciated if you can mail me the list of questions to skip. thanks
Team - for anyone who is using Schweser, like myself, I wanted to give a data point in relation to the difficulty of the mocks. I have done all 6 Schweser mocks and scored from 81% to 85% on the group with an average of 83%. (I found book two to be a little harder than one) I did the CFAI 2013 mock today and only managed a 76%, and honestly I felt like it was really less than this as I was guessing on what seemed like quite a number of questions… I didn’t take the level 1 CFAI mock back in my December prep as I didn’t realize we got it as part of our fees so this was my first non-Schweser mock and honestly the CFAI mock was a cold bucket of water on all my Schweser mock confidence…
Vicky - I remember reading a lot of your posts throughout the L1 prep period. I felt like we were in the same boat in that the material seemed very easy.
For me, this led to significant overconfidence. My studying for L2 was 1 month of Schweser videos - and thats it. Didnt crack the notes or CFAI books (didnt even download them yet). I’m now working through mocks and getting scores almost exactly in line with yours (averaging high 60’s with very little variance).
I’m curious, what was your study strategy this time? Did you also underprepare due to overconfidence?
Cries this time i studied but it seems i did not study properly. I should have concetrated on clearing concepts rather than rushing through the syllabus. ALso L2 is much harder than L1
I just hope i scrape throgh this time 
Got 75% in 2010 mock afternoon session
So average in 2010 mock comes to 70%
Need to now push toward 75%
If there’s one thing I learned from the 2013 Mock (though I’d like to think I learned a lot), it’s that CFAI doesn’t include footnotes in the vignettes for no reason. I got burned twice because I ignored their importance.
Guys just a point for all of you doing the pre-2013 stuff, be really careful.
A lot of the course has changed this year, all of Eco has been re-written and unless I’m mistaken (could someone confirm for me) all the stuff in PM on ICAPM and comparing rturns internationally has disappeared.
Not to mention some accounting rule changes for FRA. I’ve done the 3 Schweser mocks in 2012 book 1 and the CFA Mock for 2012, but aside from returning to look at a couple fo questions where I bombed, I’m done with 2012 and will be focussin gon 2013.
Just to add to the discussion I failed Band 8 last year and my Schweser mcoks were all between 70-75%. The CFA 2012 AM 70% and PM 66.67%. The CFA mock was definitely harder, I even thought it was harder than last year’s exam, but I failed so what do I know?
I’m just going to give up!
Can i just ask, how have you prepared differently this year? What providers have you used?
Monito do u feel MPS is above 65% ?
No, I’ve seen some calcualtions of MPS from last year and I think the band was from 58 to 67 which suggested an MPS of 63.
However I’d not think to much about the MPS, you really need to aim for 70. I’ve done 4 mocks so far and each my approach is 5 out of 6 is the target, 4 out of 6 is okay. I don’t think I’ve scored less than 3/6 in Schweser, but I bombed 2 item sets at 1/6 on the 2012 CFA mock.
You need to look not just at what you don’t know, but what you’re doing wrong. For me I go way too fast. I know a lot of people talk about time pressure, but I’ve been trying to slow myself down as I find I make a lot of stupid mistakes, I’ve ticked the wrong box, I’ve read the response and thought yes up is down.
So 2 pieces of advice
1st and most important RTFQ take time to read the question and the answers, but don’t waste time reading the enitre vignette. I read the qeustions first and then go back to read what I need to know.
2nd when you find you don’t know something. Write it down, and then write it down again, do this a few times and you’ll remember.
I’m still with Schweser. However I went through the entire question bank, and yes it is appallingly bad, but the idea was to be left with a core of questions I had left behind to practice. Not bad in theory, but by the time I’d finished it was late April, and I felt my time would be better spent going back to the exams.
Whilst I’m not 100% happy with my scores yet, I’m close and just need to get myself to refresh a few key points.
I had spent a lot of time wirting formulas on a sheet to learn them, which is useful, but you really need to apply this in an exam setting. It’s all very well knowing the formula, but if you get to the exam and you can’t work out what pieces of information they gave you let you find V it’s useless.
Most importantly don’t give up, you’ll get better in the next three weeks
Sir
In actual exam does time become a problem or 3 hrs enough to do comfortably
My CFA mock scores are as follows
a) CFA 2012- 64%
b) CFA 2011- 67%
c) CFA 2010-70%
d) CFA 2009- 73%
From today i am drilling into CFA books into individual subjects one by One. Have started FI book reading properly to gain more concepts. I just hope reading CFA book can get me 1 q each correct for 6-7 subjects which will raise overall % by 6% .
Lets see .Whats ur take on my mock scores ?
2012 CFA Mock
AM: 80
PM: 67
Overall: 73
In my opintion, the CFA mocks are a lot harder than Schweser. Not comfortable with everything in the AM even, hit some lucky guesses. I find the questions not as straightforward as Schweser. I think a key is that when you get stuck on something just move on as every question worth the same. Accounting was tough, I haven’t reviewed answers yet.
Does anyone know if there was errata on CFA Mock 2012
Just question #24 in the AM - answer is supposed to be “B.”
Thanks
Those who did the CFAI mocks, how many questions did you guess? and how many guesses did you get write?
uh oh
.
Were the really old CFA mocks worth it? Like 2010 and 2009. I feel like the curriculum has chnaged so much since then, and I would spend so much time checking to see if the question was still fair game this year. Contemplating doing these.