CFA questions
Hey, guys. I just registered the CFA exam for June 2013. I do not have any ideas about how these study materials works even I read some info already. I have a couple of questions. so we are supposed to study the CFA curriculum books and also need some other materials, like Schweser notes, mock exams, practice exams, right? So what is the notes about? Where do we get the sample exams? Any tips monkeys? Thanks
and what is the EOC that you guys are all talking about?
EOC= End of chapter questions following each reading. The notes are exactly that- notes- a slimmed down version of the dense CFAI material. You get one sample exam from CFAI (I believe) and can purchase more from 3rd party sites. Do some research, Analystforum is a good place to start
I didn't touch the CFA books - I used a year old Schweser and AnalystNotes.com. Sample exams are on the CFA website.
Thank for sharing. Since I have more plenty time to study. I probably gonna go over the CFAI books. You must be very smart that just the notes could make you get through the test. :D
Go in with a few buddies, buy or 'acquire' the Schwesser mock exams. If you get both books of exams, that's six, do all of them. It is surprising how close the practice exams are to the real thing in style, formatting and substance.
Personally, I preferred the CFAI books to the Schwesser notes, but having access to both was useful in a few occasions.
hewenxun: I was arguably overprepared for each test, but I also got through on the first try. I wrote six Schwesser practice tests plus the mock exam offered by BSAS. The BSAS test is poorly written, the Schwessers are really good. I wrote a test and marked it every Saturday for six weeks before June. I made a list of all the concepts/questions I got wrong or struggled with, and went through them every Sunday, and during the week I just read the chapters plus EOS questions.
I think both books of tests are $120ish? There's also used ones floating around, in our office we just hand down material to the next level guys when we passed, there aren't enough significant changes in the LOS every year to worry about buying new. Every year some dumbass posts copyrighted material to analystforums and gets banned, don't be that dumbass.
The way they used to do the marks for level I was to make the pass line 75% of the 95th percentile. They've since changed level I to be similar to II and III. Now a group of experts take the test and decide what score the minimum eligible candidate could acheive on the test, and that's the pass line. Rule of thumb was to aim for 70% - 75%. When you're getting 80%'s on the practice tests, you can walk in and make the CFA exams your bitch. Also, as I said, the layout/writing/style is very similar, so it makes you feel comfiortable when you sit down for the real thing (there's a cracked.com article about familiarity improving memory).
Thanks so much. Very helpful info. You make me more confident for the test! One last question, do you recommend study the note with the CFAI books together session by session or study the note afterwards after finishing the CFAI books? Or are they even necessary to study?
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