First post here. Great site!
Took my first mock exam today (Elan). Per their suggestion, allotted 3 hours to do 120 questions, finished in a little over 2 hours. Ended up with 75/120 for 62.5%… just wondering if any other L1 candidates have taken Elan mocks yet and what you’re scoring? Elan says you should be happy with 65% but I’m hoping to improve to 70%+ consistently.
Breaking it down by section, Econ, Quant, FRA, Equity, and Fixed Income are the ones I need to improve upon the most… I feel decently confident with Corp Fin, Ethics, Derivatives, AI, and PM. What are you guys focusing on the most as the exam approaches?
I’d also love to hear about reviewing strategies for the last few weeks before the test… I’m planning on reading through the 11th Hour Guide and doing CFAI EOC and Elan practice questions to try and hammer this stuff into my brain.
Thoughts/ comments appreciated. Best of luck everyone!
62.5% is a pretty decent score for a first attempt @kawigreen! If you’re hitting practice exams full blast from now on you should be well on track.
The topics you mention you’re struggling with however are quite big topics though. I can’t really decide what you should prioritize.
Your review strategy sound solid. That’s what I’ve been doing for all my levels.
Good luck and welcome @kawigreen!
Hi @kawigreen! Welcome to the gang 🙂
That’s a good score, especially for first attempt under timed condition! You’re already on the right track: starting practice papers on time, practising under timed conditions, noting down areas of weakness and trying to patch those holes/gaps in your knowledge with further relevant readings.
I think you’re already on the right track, nothing much more to add really!
@kawigreen I scored 57.5%. I can’t say I was happy with that, but I improved to 65% the next one. Finishing in 2 hours is pretty amazing – I took quite a lot longer.
I’m the same as where you are on topics – Quants and Econs especially (my work helps a bit with FRA, Equity and FI). I’ve gone through EOCs so I’m just planning to do practice exams and review until the big day.
I found the first Elan exam (both the AM and PM) to be quite tricky too. To put things into context I’ve done 2 Schweser practice exams so far and scored around 80% in each so I think its fair to say that its a pretty difficult practice paper.
I struggled most with economics, which was expected, and fixed income which was a surprise for me as its one of the sections I feel more comfortable with.
Hi again @swift, good to see you again! What was your score in Elan? 80% in Schweser is pretty high!
On practice exams, we just published a ‘how many practice exams you should be doing’ post here: http://www.300hours.com/1/post/2013/04/how-many-cfa-practice-exams-every-candidate-should-be-doing.html
Yeah I don’t feel that my Schweser exam performance is representative of my knowledge of the material. I know for a fact that my understanding of the economics material is horrible but I’m still averaging around 75% in the economics sections of the Schweser exams. I think this is because I’ve done so many Qbank questions so know the types of questions that Schweser like to ask.
I got 70% in both the AM and PM sessions of the first Elan exam. Weak areas were economics where I got around 55% and fixed income where I think I got around 60%.
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