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标题: Band 4 - CFA Level 1 [打印本页]

作者: manchester88    时间: 2011-7-13 13:27     标题: Band 4 - CFA Level 1

First when I finished the exam, I felt comfortable that I would get at least 80 questions right from 120 questions so at least if I fail I will be at Band 9 or 10.

However yesterday I've got the result and I didn't even get Band 9 or 10 but Band 4.
I am really shocked but believe that I didn't deserve to pass since I've got Band 4. One can say that you are not lucky if you get Band 9 or 10 but Band 4 - not so good.

My approach to the Dec exam was to:
- read all the schwesser and do end of chapter questions from the study guide
- do all 6 volume 1 and volume 2 Scwhesser
- do Elan practice mocks 1 and 2
- Read Elan 11th hour 2-3 weeks prior the exam.

Questions I have, If I do all these 4 steps again assuming that I understand the material back to back 100%. Will I pass? or this is simply not enough? for CFA Level 1.

Appreciate your feedback.
作者: spartanag07    时间: 2011-7-13 13:27

The exam is designed to have trick questions that would easily trip up people who don't fully understand the material deep enough
作者: sdada    时间: 2011-7-13 13:27

Use qbank from schweser
Do at least 2500 questions with impact on intermediate and advanced problems

Refresh everything last two weeks by video lectures from schwesser
With special impact on ethics
作者: manasib    时间: 2011-7-13 13:27

What were your scores on the mocks that you took?
作者: dece2011    时间: 2011-7-13 13:27

sdada Wrote:
-------------------------------------------------------
> What were your scores on the mocks that you took?

I was about to ask this. Lol!

Tell us your mock scores please.
作者: Finalnub    时间: 2011-7-13 13:27

The only problem with your study plan is the lack of Qbank practice questions. Your last month of preparation should be JUST Qbank and then more focus on the areas of the curriculum where you have most trouble.
作者: leadcfa    时间: 2011-7-13 13:27

Understanding is everything....

I am a humanities grad but i understand econ, derivs, fixed income etc very well. i didnt study these hard but got >70.

Equity is the section i didnt really grasp (at a roots level), i studied this the hardest and got <70%

I know lots of clever-ish people who study hard for CFA but fail, as they have a very poor general understanding of finance or economics. Reading The Economist newspaper regularly, for a while, is sufficient for getting you through the economics section i think.
作者: MonkeyBusiness    时间: 2011-7-13 13:27

if you're not getting equity in level I you'll never get it in level II...sorry, but thats truth.
作者: shootingstar    时间: 2011-7-13 13:27

wilslm Wrote:
-------------------------------------------------------
> My approach to the Dec exam was to:
> - read all the schwesser and do end of chapter
> questions from the study guide
> - do all 6 volume 1 and volume 2 Scwhesser
> - do Elan practice mocks 1 and 2
> - Read Elan 11th hour 2-3 weeks prior the exam.

This is a pretty good formula. Maybe you just had a bad day.
作者: kasinkei    时间: 2011-7-13 13:27

builders Wrote:
-------------------------------------------------------
> if you're not getting equity in level I you'll
> never get it in level II...sorry, but thats truth.


You think if you get <70% in L1 Equity you wont pass L2, or just wont get >70% in L2 Equity?

If the former, that's absurd. If the latter, maybe right, though i don't agree and couldn't care less should i pass - i have little interest in equity valuation.
作者: thisisbrianly    时间: 2011-7-13 13:27

i would simply read the CFAI texts next go round
作者: dmar    时间: 2011-7-13 13:27

dump scwhesser and go with elan guides. And get the elan question bank. After each learning objective do the questions from elans practice questions that line up with that LO and the questions in the CFA text books. Do the Mock exams like this

-do half a mock exam
-on the sections you have trouble redo the practice questions and CFA end of chapter questions
-do another half of a mock exam
-do more practice/EOC questions on the sections you need to improve on
repeat.

Overall I felt the Elan practice questions and mock exams were very similar to the CFA level 1 exam.



Edited 2 time(s). Last edit at Thursday, January 27, 2011 at 10:40AM by gik48.
作者: LokiDog2    时间: 2011-7-13 13:27

Just thought Id share..

Read through the CFA books once
Studied schweser notes, and added in stuff they were missing
Didnt do any mock exam whatsoever, not even the CFA mock, I just didnt feel like it at the time! but did do some of the elan 2000 questions

Passed in the end, but i just graduated with a finance degree, so their was nothing realy challenging in the material

My advice would be if you are using the prep providers, mix them up, like using the schweser notes and the elan qs or vice versa, that way you will pick up on stuff that one prep provider may have overlooked
作者: Bulla564    时间: 2011-7-13 13:27

I did exactly the same thing u plan to do minus all the Elan guides.
And I spent the last 3 weeks just speeding through all the Qbank questions.
Schewser + qbank should be enough for level 1.
I pass with 8 out 10 above 70% and the other two 50 to 70%.
作者: Londonrocks    时间: 2011-7-13 13:27

> My approach to the Dec exam was to:
> - read all the schwesser and do end of chapter
> questions from the study guide
> - do all 6 volume 1 and volume 2 Scwhesser
> - do Elan practice mocks 1 and 2
> - Read Elan 11th hour 2-3 weeks prior the exam.
>
> Questions I have, If I do all these 4 steps again
> assuming that I understand the material back to
> back 100%. Will I pass? or this is simply not
> enough? for CFA Level 1.
>

I did basically the same thing and I passed with 70%+ in every topic area except alternative investments. I did Schweser videos+notes, CFAI EOC Q's, Elan Mocks and Elan 11th hour. I got 70%+ on every mock, and almost an 80% on the CFAI mock (I scored unusually high).
作者: hariRaj    时间: 2011-7-13 13:27

on mock exam I scored only 60% .. maybe this isn't high enough.
How much should I be aiming next time? When I did the exam, I felt that scwesser mock exam are much harder than the actual exam.
作者: marsilni    时间: 2011-7-13 13:27

What are bands exactly
I passed the exam but I didn't receive anything about bands. I just received a matrix with some asterikses. My score was over 70% in 8 subjects but in ethics and alternative investments my score was less than 50%. Is that band 8 ?

Thank you
作者: ftwcfa    时间: 2011-7-13 13:28

rezam71 Wrote:
-------------------------------------------------------
> What are bands exactly
> I passed the exam but I didn't receive anything
> about bands. I just received a matrix with some
> asterikses. My score was over 70% in 8 subjects
> but in ethics and alternative investments my score
> was less than 50%. Is that band 8 ?
>
> Thank you


The bands are only for those that failed. They divide everyone who failed into 10 roughly equally proportioned bands, with band 10 being the highest (closest to passing) and band 1 being the lowest scores.
作者: mnieman    时间: 2011-7-13 13:28

Does anyone have any clue...wots the difference between two bands....for eg....how many questions someone scoring in the band 7 has done wrong than someone who is in band 10....
作者: dotamasta    时间: 2011-7-13 13:28

Bands make it sound like you did well in the exam..lol like a Band 10 sounds better than Level 1: Pass

lol




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