CFA CFA Level 1 Past Years’ CFAI Mocks vs. 2013 Schweser Mocks

Past Years’ CFAI Mocks vs. 2013 Schweser Mocks

  • This topic has 5 replies, 5 voices, and was last updated Apr-17 by christine.
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    • 5000Questions
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      My colleague seems to think that CFAI mocks are “far more difficult” then the Schweser Mocks, and therefore he/she is doing practice problems from CFAI mocks from 2008 thru 2012 (no clue how he/she obtained these…) rather than doing the 2013 Schweser Q-Bank problems and 2013 Schweser Mocks. I told him/her that I would rather do 5000 Schweser practice problems designed for 2013 regardless if he/she thinks they are “easier” since it’s a 2013 exam! I will write the 2013 CFAI mock this weekend. He/she thinks I will score poorer than my consistent 70s-range scores I’ve achieved with 3 of my Schweser Mocks. Nonetheless, I will follow up with my opinion of its level of difficulty compared to the Schweser Mocks.

      What are you thoughts on my colleague’s approach vs. my approach?

    • Sarah
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      “Difficult” is subjective. You might find the financial reporting analysis really easy and I’ll just glare at you while I stare down my impenetrable FRA notes.

      From what I understand after talking to fellow 300hour forum members is that Schweser is tilted towards being more calculative and CFAI is more comprehension. A consistent 70’s something in Schweser mocks is really good (you must have a strong understanding of the material)! I would suggest going over your mocks and looking over which type of questions you are having troubles with. Is it more theory of quantitative or a mix. You have time you should also do the end of chapter question that CFAI provides to get more used to CFAI styled questions.

      That being said the inherent problem with old mock exams from anywhere is that the CFA curriculum has this really bad habit of changing and with IFRS and GAAP moving towards harmonization I’m sure some of the readings have changed. Using 2008 exams might be kind of dangerous and confusing?

    • Sophie Macon
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      @diya’s right. She covered all bases and I have nothing more to add!

      But I would focus on your approach more given that the material is ‘newer’. Let us know how the CFAI mock went!

    • Anonymous
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      I agree with @diya – CFAI questions are just slightly different from Schweser. It’s good to get experience from both. I’m not sure if 2008 papers are sufficiently aligned with current curriculum though. You should definitely do recent papers however.

      Of course, more practice is always better regardless of source, so you shouldn’t pass up on any Schweser material you get (or similarly CFAI mocks)!

      One thing I’m curious though @5000questions – why do you refer to your colleague as he/she? Surely you know?!

    • 5000Questions
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      Because when he/she sees this post, he/she will accuse me of posting it and I will just say that no real persons have been identified and it was merely a coincidence that someone else was having the same discussion with his/her colleague 😉

    • christine
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      Because when he/she sees this post, he/she will accuse me of posting it and I will just say that no real persons have been identified and it was merely a coincidence that someone else was having the same discussion with his/her colleague 😉

      Touche, @5000questions!

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