CFA 2014 Qbank Level 1 2 3

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CFA 2014 Qbank Level 1 2 3

CFA 2014 Qbank Level 1 2 3 | 28.87 MB


It appears many people buy the qbank but do not know how to effectively use it.. Here is how I used it to pass level 1.

Schweser has about 4000 questions for level 1 with about 500-600 for each topic.. Start off by skim reading a book just to get a sense of the material. (FRA, Equity, FI, PM�) at level 1 the order does not matter.

With a �blank� Qbank go to the option to �Browse Questions� and go through every question in a reading.. (Typically 100-200 questions) read the question, see the correct answer.. the point here is to start getting comfortable with the format and question types.. Qbank typically has multiple questions covering the same basic formula/concept with a different input/twist.. after goings through every question in all the LOS in the reading, you will get fast. Use the option to �create exam�, with a full 120 questions from that reading.

You will be tested on the same questions you just saw the answers too, but don�t expect to get 100 percent.. once you finish that �exam�, complete 100% of the questions in that reading.. The goal is to go through every question in the Qbank..The next step is to create exams using �previously answered incorrect questions� these will typically be the hard ones that you will need to focus on.

For example.. Ethics has about 600 questions.. Towards the end of your review, you should be able to create 5 120 question exams and you will be flying through them because you have already seen them.. In my case there was about ~80 questions that I repeatedly got wrong and it was a very tailor made exam for my weakness.

When I took the real exam� Every question was �different� from anything in the Qbank.. but I had seem the concepts so many times, that it was just an issue of reverse engineering.. the practice of getting fast is helpful also.. Obviously do the mock/ full practice once you complete the Qbank.

TLDR: memorize the Qbank and the solutions.. It takes too long to trying answering all the questions from scratch, browse the questions and answers first

Code:

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