Q Bank difficulty level the real problem?

CFA Level II
#1

I know a lot of people say schweser was their achillies heel, but the question I am asking myself is why? I actually used the Q bank and found it very helpful, then again after taking the first q bank quiz I noticed that a lot of the questions were too easy so I selected only advanced and intermediate questions and only tested on a per topic basis and combined it with a lot of reviewing. I never tested all of the material at the same time (except for mock exams) because it left too many gaps in the material. At the exam I felt prepared even though there were some very tough sections. Like every body I’ll have to wait for the results, but I would like to see everybody’s take on this.

#2

I found Q-Bank of limited help in preparing for the vagaries of actual test but it did help me learn some specific topics that were giving me trouble.

#3

Qbank is good for L1 and that is it. EOCQ’s are the only way to study for L2 and L3 for practice problems.

#4

I did what the OP did, found it very helpful to master a topic and then could move on. Did the schweser practice exams in pieces too (Ethics, Econ, Stats of 3 tests, both morning and afternoon sessions, all at the same time) after reviewing those sections. Then moved on to CF/Alternatives, then Deriv/FI, and lastly did Eq/FSA Only all out practice exam taken like the test was the free one off CFA website. And I actually only got through the morning session on that

#5

I think the q-Bank Q’s are really very useful, but like everyone said, they are no substitute for EOC’s. Qbank is a great tool to drill and try to keep yourself “hot” on all the different subjects, plus it can point to areas you are weak at fairly effectively. But when the rubber hits the road, one needs to do ALL of the EOC’s I believe…

#6

for Qbank what you need to do is this: 1) dont touch any ethics questions 2)only do enough of each topics questions to feel confident that you have mastered it, so there is no point in doing 200 FCFE questions unless you need that many to understand a very simple theory 3)once you notice which topics your weak on, just focus on those so that you master them with whatever time you have to study and then whatever you know well or comes easily to you include it in your final revision and don’t waste too much time on it. From what i have noticed, its usually the easier topics that are loaded with a million practice questions and then end up eating up most of your study time. FSA & Equity valuation are the core of L2 but they are also dead easy.

#7

I haven’t taken level 2 but for level 1 I found the Q-Bank very helpful. This time around there are a lot of people who are saying that the Q-Bank was not very helpful… I honestly cannot see how that is possible. It’s true that most of the Q-Bank questions are easier than the real exam questions, but EVERYONE knows this already yet they are shocked when they take the real test. Puzzling.

#8

I wouldn’t recommend Q-Bank for Level 2, I would recommend massive practice/mock tests.