CFA CFA Level 1 When should we progress to practice exams?

When should we progress to practice exams?

  • This topic has 20 replies, 9 voices, and was last updated Mar-17 by tacheman.
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    • hairyfairy
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      When is a good time to start? I’m thinking about 2 months before, but that might be too early. thoughts?

    • Sophie Macon
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      I’d say latest 1 month before is ok. Too early you may not be prepared enough for the papers and get discouraged! Depends how many you’re attempting too…

    • Maroon5
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      Yikes, I gave myself 2-3 weeks only. looks like I may have to rejig things around to make time. Always good to have some buffer

    • fabian
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      I did 6 practice exams for my level 1. It takes a ridiculous amount of time to take and grade it (if you’re looking through the answers properly) so make sure you have enough time. I used to take a whole day just to take the paper, and another whole day to grade it (but I think i’m unusually slow…)

    • Sarah
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      I did approximately 12 practice exams for level 1 (and then I went back and redid some). It helped me memorize all the formulas and have them at my fingertips. I spent approximately five weeks doing review because I need formulas hammered into me. Mind you I finished the exams on exam day in approximately 4 hours and went home early. I thought that 6 hours was too taxing….

    • Maroon5
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      Mind you I finished the exams on exam day in approximately 4 hours and went home early. I thought that 6 hours was too taxing….

      My hero and inspiration! That’s a lot of solid work @Diya, glad it paid off.

    • hairyfairy
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      Holy 12 practice exams @diya! What was your scores in the end for CFA level 1?

    • Sarah
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      @hairyfairy I passed the first level on my first attempt.
      I failed quants, I sulked for a few days but I didn’t have too much time to dwell on it because then I received the level II material.

    • tacheman
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      @diya did you get >70% for all other categories??

    • hairyfairy
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      That’s awesome @diya. Did you take Dec or June?

    • christine
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      Generally try one out (with no pressure on grading) as soon as you finish going through the entire syllabus. Then review the syllabus again, then start hitting the exams full-on.

    • Sarah
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      @TacheMan that will remain secret forever! lol I think I hit the middle category for fixed income. I don’t recommend doing what I did. I studied for a total of 8 weeks full time but I disappeared from reality for that time. No fb, no friends, no partying, everything was CFA related.
      I took the Dec exam @hairyfairy

    • Snippy
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      I made the mistake of doing practice exams for just 2 weeks last time. Planning to do ’em the entire last month before the June exam this time!

    • policedog
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      How many are you planning to attempt @sidmenon?

    • Snippy
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      As many as i can @policedog! Till i feel really really good about the exam.

    • policedog
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      If you’re reusing the 2012 materials I would recommend getting at least the 2013 practice exams though.

    • Snippy
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      Yeah, i am planning on doing that. For the practice exams, i’ll get some new material with the 300hours discounts available.

    • policedog
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      Practicing is the general advice given on the blog so I’d overweight the practice exams. 🙂

    • Sophie Macon
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      @diya, CFA in 18m goal I hope? 😀

    • Snippy
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      Yeah, i will definitely pay more attention to practicing. Thanks 🙂

    • tacheman
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      As many as i can @policedog! Till i feel really really good about the exam.

      Will keep everyone’s advice in mind and start ASAP.

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