I agree with the OP. qbank and the books are great for number crunching and for the most part they explain the formulas well by keeping it simple. But to understand the concepts, the official textbooks are much better. Also the EOC questions are more challenging compared to Kaplan.
Guys, it’s pretty simple… use Schweser as your main source. Open the CFA books to that same section and as you progress through Schweser, look through the CFA books in those sections just to see if they are covering everything. This methods has worked wonders for me and I have yet to miss anything. Many times if Schweser doesn’t cover something it’s because they don’t feel it will be asked on the exam… other times, it’s pretty obvious the CFAI wants you to know something but Schweser failed to cover it.
@ tjack82b…schweser is gud only for number crunching which wouldnt be solely helpful for passing the exams…hence i am changing ships from schweser to elan…elan is much much better than schweser…it not only emphasis on numbers but makes theory pretty simple…reading curriculum and retaining till the exam would be pretty difficult…and i am losing time too…so the best option to change ships…
@ rayank…i dont encourage reading curriculum in march…hence changing ships…
@ i will pass…Qbank is of schweser…IMO qbank wouldnt incude concepts which are missing in schweser…
hey guys…
please post the missing parts from schweser in other subjects…
Rayankh my friend, imo you should pass L1 before giving good sounding advice to the world
Op: I know its all Schweser - but do they miss just as much on the qbank? Sounds plausible but its just an assumption of yours!
Doing the EOCs of Quant, FRA, Econ I didnt have the impression that I had missed any key concepts with Schweser! Thats why I am surprised this would be the case for the rest thats coming…
I did read read d CFAI material once. Bt its been 3 mnths. Since then i hv been studyn schweser…noe even if sum concepts hv been left out… I dn hv d rym to go through d entire curriculum onc again…so il jst study with schweser notes n d practice ques. Thtl b fine ryt? ? Btw tl me frns from where cn i gt more ques. To practice ? N r u ppl also facing problem of forgetting quite some concepts whn doin an entire sample paper?
I am not giving advice to the world as if my advice is the only solution. OP was concerned that Schweser was missing a lot of material, so the solution is quite simple. If you had planned to use Schweser because it it a huge time saver (especially if you have business/finance background as I do), I do not think switching over the curriculum books is necessary just because you are afraid of what it is missing. All you have to do is check very simply (takes about 10 minutes extra for each reading) whether Schweser material covered all the topics that the CFA Institute covered. To me, it’s not worth the time reading the curriculum which many times provides way too much detail. Instead, focus on the important and necessary aspects which Schweser does a fairly good job of presenting, and then figure out if there were any gaps.
I feel if I can answer all of the curriculum’s blue box and EOC questions correctly and thoroughly understand my reasoning, I would say that Schweser did an adequate job. Also, I plan on finishing my studied in the second week of April for this very reason. I will dedicate the remainder of the time going through Qbank, practice/sample exams and redoing all of the EOC questions. This will inform me of where I need to strengthen.
In my opinion, it would be a waste of time devoting much more time going through the very meticulous curriculum material only to need to fill your head with more than is necessary (harder to remember everything) and still need to revise with less time. Keep in mind, this is coming from a Finance undergrad, so a lot is review and even the new material I am able to understand relatively quickly because of the background knowledge.
I actually do the exact same thing as you but whether we are both right and hence this is really the one and “only solution” I highly doubt! We are all too different for those generalized statements - this chinese cookie wisdom doesn’t come with those finance degrees; this much is for sure!
IMHO–Schweser was good enough for me to pass Levels 1 and 2. I did not once open a CFAI book for Level 1, and and for Level 2, I only did the EOC questions.
Remember–you have a limited amount of “hard-drive space” in your brain. Once you fill it up, you have to delete something to save something else. Schweser picks the topics that they think have a good chance of showing up on the exam. My opinion–if it’s not in the Schweser notes, I wouldn’t fret about it too much. Focus on the 95% that they do teach you rather than the 5% that they don’t.
Unless your name is Rain Man, there will be something in the curriculum that you don’t remember. It’s impossible to remember everything. (Trust me–on every single exam, there was at least one question that I had no idea what they were talking about. The question might as well have been written in Egyptian hieroglyphics.) But if you focus on the big picture, you ought to do well.
From what I can recall, Schweser were missing a lot of stuff in Econ. Make sure you do the econ eoc’s and the BB examples. There are a lot of MCQs in the BB examples for econ, which I was clueless about after reading Schweser.
