the old mocks are pretty easy. im getting 80%+ on them
Hey Guys. Things began relatively well for me back in early April. I got a 64% total so I supposed I will be o.k having 5 Schweser Tests, 1 CFAI mock & a Live mock ahead of me. I got stuck to the first 3 Mocks at 64. Then beginning book 2 of Schweser practice exams I got a 56%. Next week was rather good because I got a 68.50%.
Today I lost hope. Schweser Mock 3 Volume 2 AM session, a staggering 53%. To make a joke, I can still get an almost 88% at the PM session but I start to compromise with the Idea of Level II Candidate for the 2014 exam…
dxerak give cfa mock
I did… A moment I really want to forget. Just 56%
Which mock u gave 2013>?
Try older mocks
Keep your head up - anything can happen on exam day! Maybe you’ll luck out and you’ll land 15 out of 20 item sets in stuff you’re good at. Shit happens, man, keep on fighting and give it your best!
I totally agree regarding the way that CFAI write the vignettes and questions, it is quite incredible how a question can appear very simple but it really makes you think through the multiple concepts tested and prove that you really understand. So many tricks in there as well.
I just did 2013 morning paper and got 72%, I feel like I could have done a lot better, particularly in FI and Equity, I wasn’t time constrained at all but I felt totally burned out during the last 2 item sets.
Also disappointed to drop 3 marks in FRA since I’ve been really drilling it for the past few months.
Seems from previous posts in this thread that the pm session is harder so I’m not looking forward to that tomorrow.
I was hoping to hit 80% overall to feel a bit more secure but I don’t fancy my chances of getting 53/60 in the pm session!
GRINGO how was 2013 vs 2012 ?
Pierrewoodman - your question about guess is actually interesting.
I really didn’t track this much for level 1 but then left the exam center wondering about the number of questions I marked for follow-up and what my score would be if I assumed a certain % correct on the ones I didn’t mark as trickey. I have taken better care this time around. For the six Schwese practice exams I marked on average 45 questions per exam as iffy, of these marked I was correct on 74%, of the ones not marked I was correct on about 88% (83% average across all six exams in total). Now for the official CFAI mock I marked 50% of the questions and was correct on 67% of these and 87% on the other half (76% overall on the exam).
I think that what I found interesting in this exercise is that my overall score was about 10% lower on the CFAI mock compared to Schweser and my % correct of the ones I marked was about 10% lower as well. Now when I say marked I mean that I wasn’t real sure of the answer, some of these were wild guesses in which I couldn’t remove any of the answers and some where simply an answer that I was debating between two choices.
Does anyone else have any data ponts similar to this that they would like to share? I think if I had this info in my pocket I might not have been so worried driving home after L1…
On Level I, I went through each question and gave myself a number for each question. If I was damn near 100%, I didn’t deduct any points. If it was a complete guess, I took off 0.67 (gave myself 0.33 points). If it was 50/50, obviously 0.5 points. And if it was somewhere in between I would adjust accordingly. So if I eliminated one answer, and then was more sure of one of the remaining 2, I might give myself 0.6 points. I added them up and ended up at about an 80%. Obviously, I couldn’t see exactly what I got on Level I, but I have to feel like this was pretty accurate. I guess I should test it on practice exams this time around.
mpearc4, I like this approach - I went back through the 2013 mock and had a projected score of 79% compared to my real scored of 76%. (I used your approach for my marked questions and assumed that the unmarked questions were comming in at my Schweser average for unmarked questions) Close, I didn’t score any of the Schweser practice tests in this fashion so I don’t have any other data points, anyone else? This was close though.
The schweser mocks are nothing more than concept checkers… No way near the quality of the real thing. Too many simple questions.
It’s been a year since I did the cfai 2012, I got 58% and ended up failing band 9. Had previously been getting around 70% in Schweser mocks but CFAI mock blew me out of the water. I thought the actual exam was even harder though.
Just did pm session of 2013 and failed with 65%, overall 68%.
Pretty disappointed as I thought I really understood swaps this time round, gave up on them last year due to time constraints, only had 3 months to prep. FRA was tough, only just hit 70% which is gutting as I’ve really focussed on that section. Still a lot of work to be done.
Also, I agree that schweser practice exams are just concept checkers
Hello,
how can I figure out which questions from the past CFA mocks are not relevant due to changes in the curriculum?
Many thanks in advance
I think Vicky stated somewhere that for CFA 2012 only 48 out of 60 were relevant…
I excluded ONE question (it was in PM about maybe a German risk premium or yield spread or something?) from my grading. I strongly believe a well-prepared 2013 candidate should know the remaining 119 questions. If anything, a low score will kick you in the ass.
It’d be reaaaaallly hard to make the argument that there’s more than 5 out of the 120 questions that shouldn’t be graded. To be honest, I don’t know how you’d even find 5.
****EDIT: by PM i mean Portfolio Management and NOT the afternoon section of the Mock, althought it could very well be in PM in the PM.
I excluded 4. 3 in the Port Mgmt section and one more.
Do you guys understand the pension question? I have separate thread on it, still not sure if it is applicable to this year or not.
AM: 70% PM: 65% Combined: 68%
Tough exam, but I’m happy with the 70%…now I gotta see where I went wrong and drill drill drill
Schweser Mock 1
AM 42
PM 43
Schweser Mock 2
AM 39
PM 44
CFAI 2013
AM 40
PM 43
I easily should have gotten a higher score on the CFAI 2013 AM, it was far easier than the PM I just wasn’t thinking during the corporate finance stuff and I rushed and finished it in 1:30.