Just took my first sample exam from CFAI. 60 questions.
Scored 49/60 for a 81.67% result. Breakdown by section
Ethics - 8/9
Quant - 7/7
Econ - 4/6
FSA - 9/12
Corp Fin - 5/5
Equity - 6/6
Alt Inv's - 4/6
Fixed Income - 5/6
Port Management - 1/3
I timed myself and allowed 90 minutes to complete it. I finished with about 30 minutes to spare which allowed me to go back and answer questions I didn't know how to solve or were unsure on. I was able to do 2 complete passes within the 90 minute limit. I should note that some of the questions were easy and may not be reflective of the level of difficulty of the real exam.
The key I think is to not spend too much time trying to figure out an answer. If you have some idea, give it a go, but if you just can't remember the formula or are completely clueless, move on fast and come back later. I was able to intelligently guess on certain questions I was lost on, and I got a few of those right. I was impressed with how much I actually remembered and it's amazing how the answers will jog your memory enough. There were a few questions on trivial pursuit material I just didn't remember at all, but using common sense was enough to guess the right answer. This made up for some dumb mistakes I made. I had a Homer Simpson "DOH!" moment a few times when reviewing the answers but also had some fist pumping moments when I was proud of myself for figuring out an question that at first glance I was lost at.
Some of the questions I got wrong were because of dumb mistakes, like not knowing the difference between fiscal and monetary policy. I was disappointed that I got 2 out of the 3 Port Management questions wrong as I count that as one of my strongest sections, if not the strongest. I'm counting on that section making up for any weaknesses in FSA or Econ so I need to make sure I don't repeat this performance come test day.
I plan on taking the other 2 sample exams this weekend and then use the results to identify some weak areas to go back and review. Will be working in the CFAI, Stalla and Schweser mocks this upcoming week.
Scored 49/60 for a 81.67% result. Breakdown by section
Ethics - 8/9
Quant - 7/7
Econ - 4/6
FSA - 9/12
Corp Fin - 5/5
Equity - 6/6
Alt Inv's - 4/6
Fixed Income - 5/6
Port Management - 1/3
I timed myself and allowed 90 minutes to complete it. I finished with about 30 minutes to spare which allowed me to go back and answer questions I didn't know how to solve or were unsure on. I was able to do 2 complete passes within the 90 minute limit. I should note that some of the questions were easy and may not be reflective of the level of difficulty of the real exam.
The key I think is to not spend too much time trying to figure out an answer. If you have some idea, give it a go, but if you just can't remember the formula or are completely clueless, move on fast and come back later. I was able to intelligently guess on certain questions I was lost on, and I got a few of those right. I was impressed with how much I actually remembered and it's amazing how the answers will jog your memory enough. There were a few questions on trivial pursuit material I just didn't remember at all, but using common sense was enough to guess the right answer. This made up for some dumb mistakes I made. I had a Homer Simpson "DOH!" moment a few times when reviewing the answers but also had some fist pumping moments when I was proud of myself for figuring out an question that at first glance I was lost at.
Some of the questions I got wrong were because of dumb mistakes, like not knowing the difference between fiscal and monetary policy. I was disappointed that I got 2 out of the 3 Port Management questions wrong as I count that as one of my strongest sections, if not the strongest. I'm counting on that section making up for any weaknesses in FSA or Econ so I need to make sure I don't repeat this performance come test day.
I plan on taking the other 2 sample exams this weekend and then use the results to identify some weak areas to go back and review. Will be working in the CFAI, Stalla and Schweser mocks this upcoming week.
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