Hi, I’m currently studying for the exam using uppermark testbank software. Just a few questions I’m hoping someone who has taken the exam could answer: How close is the exam questions to the questions that are given in testbank? How high should my consistent score be in order for me to feel comfortable passing? I know this question is a bit open ended… But i’m assuming 75+ or 80+? I passed CFA level I getting consistent 80’s… Just wondering if I should expect a similar experience… OH! And if anybody else is studying for level 1… and using test bank… what are you currently scoring? Just so that we have an idea where everybody is? I’m getting mid 70’s now… I started with mid 60’s two weeks ago… but it was pretty easy raising the score 10 points… but i get the feeling that its going to be a bit more difficult to raise another 10 points… But i guess that’s what the last two weeks are for! Good luck everybody.
High 70s. I score worst on questions abt mean/std dev/skew/kurtosis comparisons across hedge fund strategies…trying to score consistently over 80 before taking exam.
Mixed man. I passed CFA Level II this summer. Was getting high 70’s on tests for CFA. I’m using the same Qbank. I seem to be getting 90’s in some sections (commodities), 80’s in others (ethics), 70’s in others, and 60’s in some (Alpha/Beta & Private Equity). I haven’t done a complete test yet. Just do 25 per section at a time. Mixed bag. Hope to be consistently in 80’s or 90’s by the time the test rolls around. I will say that this is light years easier than CFA level II, it’s just the material isn’t as well refined. I also didn’t put nearly enough time into studying. Basically started at end of July and read through the book once taking notes. We’ll see…
I took CAIA L1 in 2009 and found the TestBank questions to be very similar to the questions on the actual exam. I was hovering in the 75-80% range late in my practice and passed with most sections over 75%.
That’s a relief to hear that the questions are similar. Although, I’ve noticed that some of these questions weren’t as well defined… e.g. I could argue 2 answers that are correct… But i’m sure CAIA will not question something where that can happen. Even after another week, I’m still hitting mid-high 70’s. And I know why its going this way… as with Pistol… I’m really not putting NEARLY the same effort as CFA… This is because its only 1 book… and the material doesn’t seem that deep… One issue that i’m having is that I wish CAIA provided an “official” sample exam… It’s kind of frustrating not having any thing to compare against, and also since there are no EOC questions a little support of what to expect would be nice. How do these people who don’t buy any 3rd party materials study??