Test will be calculation heavy or concept heavy? number, about

ba736

So Level 1 felt to be more concept heavy and less on the number crunching.

I haven't taken any mock tests, but what do you all think the test will be about.

Concepts or calculations.

busterbluth

L2 last year, at least from what I can remember, was very calculation intensive. I hardly put my calculator down during the equity or derivative sections. Sometimes they'll ask a question that doesn't involve an actual calculation, but you still have to work the question out in your mind through the formula.



Edited 1 time(s). Last edit at Monday, May 9, 2011 at 01:09AM by Chuckrox8.

kickthatcfa

Personally I didn't think that the two tests I took before were calculation heavy.. in fact, my mistake was that I focused on lots of calculation problems going in, only to find that it was conceptual more anything. Yes, you will use your calculator but in a very light way to do required calculations. My $0.02.

spreads

Id go 50-50, as uni said if you understand the formulas it will help with theory, wouldnt bank on anything, we will never come to any conclusion here

Houjichasan

was the exam last year tougher than the mock exam?

neil1234

Dreary Wrote:
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> Personally I didn't think that the two tests I
> took before were calculation heavy.. in fact, my
> mistake was that I focused on lots of calculation
> problems going in, only to find that it was
> conceptual more anything. Yes, you will use your
> calculator but in a very light way to do required
> calculations. My $0.02.


Did you take the L2 exam last year? It was like 3/4 calculations.

I would just assume the worst and expect a lot of calculations.

My $0.02.

MiniMe7

Forget about the syllabus. Just because the syllabus appears to be 50/50 the test will not mimic that weighting. I'm with 4Tay on this one. Plan for the worst and expect a LOT of calculations.

random_walker47

Depends how you look at "worst"....depending on who you are some conceptual questions are harder than quantitative ones, same from level 1...

Chuckrox8 Wrote:
-------------------------------------------------------
> Forget about the syllabus. Just because the
> syllabus appears to be 50/50 the test will not
> mimic that weighting. I'm with 4Tay on this one.
> Plan for the worst and expect a LOT of
> calculations.

ryanlb

homie Wrote:
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> yup, the conceptual questions are the toughest.
>
> plug and chug is easy.

Touche. I'd take Swap calculations over any part of FRA any day of the week.

flyinggirl

both.

pass rate was 39% last year...think about it