I just self graded my first AM practice test. For questions that have multiple questions, I’m just dividing the number of minutes by sub questions. e.g. If question 3 is worth 9 minutes, and there is 3a, 3b, and 3c, then I mark of 3 points for each one of those I’m getting wrong. No partial credit on the “sub question”…but partial credit on the overall question. (so if I get 3a wrong, but 3b, and 3c right then I scored 6/9.)
How are others doing it?
Maybe we should start an online group where we grade each other’s Mock essay questions…
Are you doing Schweser or CFA mocks? Schweser gives guidance on how to grade your own exams. They also recommend applying a 10-15% haircut to the score you give yourself on the AM section.
For calculation questions - if I can logically explain all of my steps and arrive at the right answer, will I get full credit if I don’t use the CFAI formulas/methodology? My approach can be entirely different, but logical (and arrives at the same answer!).
I don’t think you need to use precisely the same method as CFAI as long as you get to the correct answer and you show the steps.
Like option payoffs, I don’t go anywhere near the formulas outlined in the CFAI text but that shouldn’t stop you from getting full credit.