CFA CFA Level 1 June ’15 Level I Prep Update

June ’15 Level I Prep Update

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    • Avatar of BittersweetBittersweet
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        • CFA Level 1
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        I’m in my second reading now – finished ethics and quant and hopefully will be done with each book by mid april

        Scoring 84-90 % in ethics and at least 80 % in quant in CFAI questions on their site

        I suggest that you do them instead of qbank which,  I think is helpful only during the first reading

      • Avatar of BittersweetBittersweet
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          • CFA Level 1
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          About ethics…

          I did those 40 questions at the end of curriculum and got ~90 % + getting at least 84 % on CFAI questions on their site

          but when i tried doing ethics from the qbank i’m getting like low 70% 

          wtf ?

        • Avatar of LeChiffreLeChiffre
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            • CFA Level 2
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            @knight90, thanks. Another round of FRA before the second part of review is the plan. I have around two more weeks planned for FRA before test day. I’ll be using CFAI questions along with q-bank in my next part of review.

          • Avatar of LeChiffreLeChiffre
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              • CFA Level 2
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              @christine, yeah Ethics was the first section I did and all questions are from one cumulative 50-question set. After another go the scores should be higher. And FRA, if all goes well, will get at least another two weeks of review. It’s a grind of a section.

            • Avatar of knight90knight90
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                • CFA Level 2
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                Those scores look pretty good. Try to hit some more FRA since that is heavily weighted on the exam.

                Also if you haven’t already, I would do all of the end of chapter questions from the actual CFA Institute material instead of relying only on Schweser practice problems. They also have review questions for each section on the CFA Institute site.  The q-bank questions are usual easier than the actual exam questions. 
              • Avatar of BittersweetBittersweet
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                  • CFA Level 1
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                  I’ve noticed that the more ethics questions I do in a row, the lower score I get

                  it all gets blurry

                  ~ 20 ethics questions per day is max for me

                • Avatar of LeChiffreLeChiffre
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                    • CFA Level 2
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                    @Bittersweet, I wouldn’t lose any sleep over it. Could be that it’s been a little while since you’ve looked at Ethics. And I don’t think Schweser q-bank is a pushover by any means, they make their questions tough to prep you for the actual exams.

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                    @LeChiffre pretty good considering the time left! Ethics and FRA may need a bit extra practice, but you’re in good shape, I think. Well done! 🙂

                  • Avatar of LeChiffreLeChiffre
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                      • CFA Level 2
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                      @Bittersweet, my Ethics score is terrible because it was the first section I reviewed and it wasn’t broken down by reading, just one 50-question cumulative test. And, let’s be honest here, I hadn’t learned how to read and answer CFAI-style questions. However, there does not seem to be a place on CFAI’s website to see as detailed of a breakdown of LOSs and readings scoring.

                      I’ll do the CFAI questions in the curriculum during my second review starting mid-April, along with 6 practice exams. I have a feeling Ethics and FRA will be getting a lot of attention in the coming weeks.

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