Choosing a QBank

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rgk

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Hi everyone,
I’ve been lurking for while, and contemplating the CFA for over a year and a half. After landing a buy side ops role a few months ago, I finally pulled the trigger last month and registered for December L1.
Working through the SchweserNotes in order and I’m about 60% through FRA, but I’m starting to feel like I need a question bank to keep things fresh.
I received a card in the mail about bloombergprep.com and I’m wondering what the consensus is on it. For $600 it seems like a decent system, including 6 full exams and 6,000 practice q’s, but after receiving a 57% on the baseline assessment, I’m concerned that the difficulty is not representative of the actual exam.
Alternatively, I’m considering just buying the Schweser QBank for $299 since it’s tried and tested (and cheaper).
Any advice?
 
Never heard of bloomberg prep but followed the advice of others on getting schweser qbank and it was invaluable.
 
I believe it just launched this year
 
A colleague recommended that AnalystNotes are both cheaper ($69) and more rigorous than the Schweser questions. Can anyone else attest to this?
 
I have never purchased a third party system, but I did sign up for the free daily email Level II practice questions from Schweser and they were the easiest questions I’ve ever seen. I don’t know if those are the types of questions from the qbank but if so I would be disappointed to pay for that. Or maybe I just knew the material very well. Which is definitely not the case.
I think there are plenty of questions in the CFAI material. You have blue box questions, EOC questions, the practice assessments on the website, and the mock exams CFAI produces.
That was plenty for me to pass Level I and Level II.
Just my thoughts. Good luck.
 
I used Apptuto (www.apptuto.com) they had a lot of advanced features and also a dedicated iphone app, and have a free trial so you can check them out. Im waiting for Level 2 from them to come out now.
 
I don’t know about Bloomberg prep, I’ve heard they exist, but don’t have any feedback from users. I think that qbank is OK and I’ve passed I and II level using only CFAI materials, Mock exams and qBank. I used TimePrep iphone app to combine all the study elements in a study plan, because I’ve first lost in planning and combining study process with my banking career. I must admit that, solving practice problems is the most important study element and have to emphasise that Mock exams are the best reflection of what you can expect on the actual exams. EOC are also very good and qbank is the “last resort” of practice problems you need to go through. I’ve selected Mock exams, EOC problems and 800 practice problems in my TimePrep app. It guided me through the study process and I rescheduled easily the study plan once I failed due to long working hours. Finally, I managed to complete the whole study process on time, I had excellent control over the process and I solved enough practice problems for passing the exam.
 
Elans guides are extremely useful for l1 and l2. Their practice tests are even more useful.
they got bought out by Wiley so it may have changed, but I highly recommend Elan’s for the study guides/practice questions/mocks
 
Can’t beat Schweser for level I & II. Even though it is $300, would you rather spend the extra money and get a product that will give you a great opportunity to pass, or pay less and take the chance?
Do you have any practice exams? They’re arguably the most important piece for studying - I know I wouldn’t have passed without them.
 
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