MOCK exam is quite hard

im a retaker.. you need to cram formulas.. if you are an expert on the concepts but not good at the formulas.. you wont pass.. if you are an expert at the formulas and ok at the concepts.. you can pass
there are plenty of points on the exam that are suprisingly simple.. IF you know the formula.. if you dont know the formula.. its just a pure guess. the concept questions are at least possible to eliminate 1 (sometimes)
 
danv0330 wrote:
im a retaker.. you need to cram formulas.. if you are an expert on the concepts but not good at the formulas.. you wont pass.. if you are an expert at the formulas and ok at the concepts.. you can pass
there are plenty of points on the exam that are suprisingly simple.. IF you know the formula.. if you dont know the formula.. its just a pure guess. the concept questions are at least possible to eliminate 1 (sometimes)
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i agree 100%
 
SimplyAdvised wrote:
Sometimes I feel like a small kid that has wandered into a Master’s level Physics exam that’s entirely in chinese. Also, one of the choices is the batman symbol.
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Then go learn Chinese bro.
 
For the retakers: how did you find the online assessments in comparison to the exam?
 
BobbyBraveheart wrote:
danv0330 wrote:
im a retaker.. you need to cram formulas.. if you are an expert on the concepts but not good at the formulas.. you wont pass.. if you are an expert at the formulas and ok at the concepts.. you can pass
there are plenty of points on the exam that are suprisingly simple.. IF you know the formula.. if you dont know the formula.. its just a pure guess. the concept questions are at least possible to eliminate 1 (sometimes)
Click to expand...
i agree 100%
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Dammn…thanks for this mate, spending tomorrow on formulas and revision only now. Done with 5 mocks now, I think it’s enough. Plan to take CFAI full mock on 1st june
 
Holy sh#t! I am doing the practice tests - and I did feel quite confident with Equity doing Schweser - but the score gets down to 2 in some sets, so WT#? Did I waste my time and money for a score that an untrained monkey would get by pure guessing? It is so frustrating, like crashing mentally into a wall!
I passed L1 in December and started learning in January, I wonder if that was a mistake-but there is no way back if you are stuck in the middle with L1 in your pocket…
 
xk wrote:
Holy sh#t! I am doing the practice tests - and I did feel quite confident with Equity doing Schweser - but the score gets down to 2 in some sets, so WT#? Did I waste my time and money for a score that an untrained monkey would get by pure guessing? It is so frustrating, like crashing mentally into a wall!
I passed L1 in December and started learning in January, I wonder if that was a mistake-but there is no way back if you are stuck in the middle with L1 in your pocket…
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Well, be reassured it is not a mistake; at best you pass this year; at worst you will be better prepared for next year.
 
This is so key. I’ve personally been breaking down the learning information into 3 broad classes
1) Formulas (especially in Quant, FRAs, Derivs and PM)
2) Methods (especially FRA, Corp, FI)
3) Qualitative stuff (ethics + various pros/cons, assumptions, theories throughout the curriculum)
Can’t neglect 2 and 3 but if you don’t remember your formulas, not only will you have a hard time applying 2, but also potentially 3.
 
tickersu wrote:
For the retakers: how did you find the online assessments in comparison to the exam?
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real exam is more straight forward for the most part, depends on the topic area … For example the ethics questions are nearly identical to what you get on the assessments, but for FRA I find some of the online assessments to be confusing and I never felt that way on the real exam
 
If it’s more straightforward then why aren’t more people passing and struggling with Level 2.
 
The questions are still hard, what I mean by straight forward is it’s more clear what they’re asking for in the question but you still need to know the material. Some of the mock questions I find confusing but on the actual exam I was never confused as to what the question was asking but that didn’t mean I knew the answer. I would know the entire formula sheet inside and out. A good example would be PM last year I knew all the theory but didn’t put much time into the formula’s, I convinced myself PM would be 5% and that if I knew the theory I could get 50% on it at least … well you go to the exam and guess what happens, 10% PM and a big chunk of that was plug n chug formulas’. So just because its more straight forward doesn’t mean its easier questions, just easier to understand what the question is asking.
 
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