Got Really Low Scores on Your CFA Practice Exam? Don’t Panic, Here’s How to Improve
By Christine We’ve written again and again that practice exams are the best things for you if you’re serious about passing your CFA exams. But as we’ve mentioned in point #6 in Things We Love to…
My Level I mock exam results were all between 35-49%, but to my horror they only got worse with each subsequent mock exam.
Then to my huge surprise, I passed. Time was not an issue, but I did have to pay attention when reading the questions, because of my tendency to choose an answer before fully comprehending the question.
Also I averaged 7-8 hours a day of study, review of incorrect mock exam answers, and Schweser QBank questions in the final two weeks, with a break from study on the afternoon and evening before the exam day.
Q# Topic Max Pts <=50% 51%-70% >70%
– Alternative Investments 10 * – –
– Corporate Finance 17 – – *
– Derivatives 12 – * –
– Economics 24 – – *
– Equity Investments 24 – – *
– Ethical & Professional Standards 36 – – *
– Financial Reporting & Analysis 48 – – *
– Fixed Income Investments 24 * – –
– Portfolio Management 17 * – –
– Quantitative Methods 28 – * –
I was scoring around 65% in my Level I mocks, and passed on first attempt with over 70% in each but three section. With Level II, I was scoring really low (40-50%, as far as I can remember). I passed on first attempt scoring over 70% in 5 or 6 sections. However, I can’t emphasize enough how important mocks are. I’d also recommend concentrating on CFA Institute materials and EOC questions. With Level III, I don’t think I’ll be purchasing any third-party materials.
- You must be logged in to reply to this topic.