CFA CFA Level 1 Is scoring 90% right after reading good enought ?

Is scoring 90% right after reading good enought ?

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    • tomsaso
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      I have a degree in financail management. I decided to study for 2014 june and i started with FR&A. Right after reading I score around 90%, I am reading both the CFAI books and schweser notes. How much will my knowladge deteriorate ?? Is it normal to score 90% right after reading and then fail ? I am kinda uncertain in the answers I am providing on the Qbank questions so i was wondering if failing with theese scores is normal. My point beeing that i will not permanently retain the knowledge i have right after reading. I do know that you need 70% to pass tho so thats not my question.
      I will get tested on FR&A after i finish it of course…

    • Zee Tan
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      @tomsaso welcome!

      It depends on what you mean by ‘right after reading’. If you’re taking an actual practice exam it would be a pretty awesome score to have!

      However judging from your question you may be referring to the ‘concept checkers’ questions that are found after each chapter, or the blue-box questions. These are meant to reinforce the concepts you’ve just learnt and not necessarily reflecting the nature nor difficulty of the actual exams.

    • Sophie Macon
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      Yup @tomsaso, agree with @zee there. It’s still early in your studies, getting 90% on concept checkers is a great start, but as you said you gotta make sure that info is retained in your mind still by June 2014.

      So don’t worry about scoring too much for now, there’s the whole of May 2014 for that. Focus on understanding the materials and doing the end of chapter questions, (and summary too since you’ve time and started so early). I just wrote an article about 7 habits for effective CFA studies which you may find useful to implement some sort of structure to your study.

    • MattyJ
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      I remember the first day I started revising for L1. I read the first ethics chapter, and then got 100% on the Schweser concept checkers. I thought “this isn’t so bad…”.

      Mistake.

    • tomsaso
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      I meant concept checkers, schweser end of chapter questions and schweser qbank questions. I am dooing them all, it’s like 100+ questions per reading.

    • Sophie Macon
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      you may wanna save some qbank ones for later @tomsaso. No point killing them off so early. You’re a year in advance and you’ll need to recap a few times as I’m quite sure you’ll forget some by then.

    • Pranav
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      I remember the first day I started revising for L1. I read the first ethics chapter, and then got 100% on the Schweser concept checkers. I thought “this isn’t so bad…”.

      Mistake.


      @mattyj
      , that sure is disheartening 😉

      what did you do to rectify the “Mistake” part?

    • MattyJ
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      @pranev for L1 the key for me was to read the Schweser materials as quickly as possible, and then get on to practice exams. Because of the volume of questions in a L1 exam, you get a good idea of what will be asked and a lot of practice. As @sophie says, mix this in with bank questions and you’ll be fine.

    • Pranav
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      @mattyj, so proper review and loads of practice…that’s manageable…should finish review by december, a month or two more if i get delayed by some tough topics…have some time after for practice on bank questions…

      did anyone happen to come across a question, the concept for which was explained in curriculum but left out in schweser?

    • bearsfan2690
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      My skeleton schedule is to read through the material and do the concept checkers as you’ve done (takes anywhere from 3-4 dedicated months)..then ideally you’d have about a month and a half before the exam to go through either those same concept checkers you’ve already done (or in my case i went through old schweser notes problems) and shored up concepts I was weak on before spending about 3-4 weeks on mock exams…

    • Sophie Macon
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      sounds about right @bearsfan2690!

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