I took a second sample exam this morning and I was aiming for 70%. I managed to get 73% and with a week of study to go, I am happy with the result (and improvement from 56%). After I have finished my revision next week, I will take a CFAI mock exam and aim for around 80%. Here is the breakdown of the areas. The marks in brackets were my marks from the last sample exam.
Ethics 88.89% (77.78%)
Quantitative Methods 85.71% (28.57%)
Economics 83.33% (100%)
FSA 66.67% (53.85%)
Corporate Finance 100% (25%)
Equity 33.33% (57.14%)
Derivatives 100% (66.67%)
Alternative Investments 66.67% (100%)
Fixed Income 83.33% (33.33%)
Portfolio Management 0% (33.33%)
I passed 6/10 areas compared to 3 last time which is great. I improved in all areas that I revised except for portfolio management. I am going to have to go over that section again this week. I also hope I can improve my FSA score to above 70%. This is the largest covered section in the exam so getting a high mark in this will definitely bolster my chances of a pass. I also completed the exam with 38 minutes to spare, almost 20 more than last time. I don't think time management will be a problem but the mock exam will give me a better indication of that.
The worst point from the exam (apart from portfolio management) was that I lost 2 very easy marks because I didn't read the question properly. This should not be an issue since I had so much time to spare. I think I am going to have to take the time to read the questions twice.
Today I will revise the first study session for equity.
8 days until the level 1 exam.
