can you get by knowing 60% of quant?

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ace145

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I'm so so with quant. I get a good deal of it but probably 20-30% of it I have no clue. Does anyone know how many questions are on the test? I think I remember hearing 12% of the test is quant. Is that true? I moved on to economics.
 
you're going to get several questions on hypothesis testing, and probably a couple on regression. They might not be hardcore calculation questions, but they will require you to know the concepts. Your biggest problem is that you really should get quant, or you're going to run into problems later on. This is essentially one big math test. You must know discounted cash flows and time value of money up and down and be able to do that in a drunken slumber.
 
discounted cash flows and time values I know very well. Hypothesis testing I'm clueless
 
2 things: If you know 60% of quant, you probably only actually "know" (or will score) about 30% on the test. And that's no good. The other is that hypothesis testing and regression (and multiple regression) are all waiting for you at level 2, so learn them, somehow.
 
FYI -
I thought there were less TMV problems and more of hypothesis & regression problems in Dec '05 exam.
 
learn 100% of quant...as exemplaria says, it will show up in level 2, so learn it now. you have 4 months. if you can't figure out linear regression and hypothesis testing in this time, you're not going to pass the test anyhow.
 
You should go in the exam prepared to do well in Quant because if you know how and when to apply the formulae you'll virtually be able to do well in it.
In Dec 05 there wehre so many marks to be scored just by knowing the Sharpe ratio, z-test, t-test (and knowing when to apply which test), cov, var, measures of central tendency, procedure for hypothesis test, regression etc.
Mind you I went into the exam thinking I only needed 60-70% knowledge and that only got me <50% on my paper...

HTH
 
"I'm so so with quant. I get a good deal of it but probably 20-30% of it I have no clue. Does anyone know how many questions are on the test? I think I remember hearing 12% of the test is quant. Is that true? I moved on to economics."

Ace...I did not study much of the quant material as I found it quite repulsive...I figured (correctly) that it was a very small percentage of the exam and why waste my time studying something I detested? Anyhow, I treated LII and III the same way and did fine...with that said, if you have the time, then study as much as you can.
 
Quant is important to know. For the test however, its only 24 questions out of 240, so if studying quant seems to be slow and miserable, fu'ck it. Spend your time on other sections that you will learn more efficiently. You dont want to waste a week or two to understand 80% of quant instead of 60% when you could have mastered ethics or another topic
 
You can get by knowing 60% about 50% percent of the time, the other half about 40%. By the way, its not about passing a test, it's about committing heinous financial crime, reaping untold fortune, and getting away with it all.
 
dglynn Wrote:
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> learn 100% of quant...as exemplaria says, it will
> show up in level 2, so learn it now. you have 4
> months. if you can't figure out linear regression
> and hypothesis testing in this time, you're not
> going to pass the test anyhow.

This is exactly my point.
Quant is all about learning the "important" formulae and either interpreting them or plugging numbers in. Why would you not spend at least one or two weeks in 4 months just memorising a dozen formulae and how they work?
And also, having the confidence of knowing the formulae and been able to apply the concepts on the day of the test is much better than skipping questions or guessing. That been said knowing everything is impossible but using your memory and knowing the important concepts for every topic must surely increase the chances to acheieve a pass!
 
From what I hear Level 1 is not heavy with either hypothesis testing or regression, pretty basic stuff, CLT, standard error, probibility distributions are more major. SS2 stuff is more indepth than the later bit of SS2 material.
 
Level I quant is basic stuff, like I said you can pass without knowing quant very well, but its the basis of a lot of areas of finance, and a good understanding of quant is good for ANY area of finance.
 
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