I know it is hard to make generalizations about how well we should approximately do on practice exam questions (old exams and BT flash quizes) but I feel that it helps me to have a ballpark range to target for what I should be getting or would need to pass as it helps my confidence during these last few weeks of studying and it lets me know what I should or need to focus on.
For me...when I was taking the CFA exams, I'd take the online practice exams from CFAI and knowing that I could get 75% on them helped my confidence a lot and provided me with motivation to really keep it up during the end when I was getting burnt out. I received my CFA charter in 2007 and from my experience with taking the CFA exams, I felt comfortable receiving 70% on practice exam and old exams and felt really good if I could get above 80%.
However, I do not know how to feel about the FRM exam after taking some of the 2005 and 2006 old FRM practice exams and the flash quizes on BT...I've gotten 60+% on some and 70+% on others. I still need to review a lot of the calculations and formulas and work through more examples and I know the actual test environment will be more stressful and fatigue and concentration will play a role for me in the afternoon session so I am a little nervous and not so confident about my preparation thus far. The screencasts have been very helpful, but I feel that for me to get above 70%, I need to do more practice questions and examples.
I know there isn't any sort of defined guideline for what one needs to get to pass the FRM exam and there wasn't one for the CFA exams either, but I felt confident enough with 70-75% scores on practice exams because generally one can pass the CFA exam with just under 70% of the points. However, I have no clue with the FRM exam and I don't wish to fail the 2008 exam to find out.
Also, how good are the FRM practice exam questions compared to the real thing (i.e. difficulty and phrasing of questions) I am going to take the 2008 FRM practice exam soon to see how well my preparation is at this point. I felt the CFAI online mock exams were excellent as they provided a good practice of how difficult questions would be and how CFAI words questions.
Any perspective, experience, or tips would be greatly appreciated.
For me...when I was taking the CFA exams, I'd take the online practice exams from CFAI and knowing that I could get 75% on them helped my confidence a lot and provided me with motivation to really keep it up during the end when I was getting burnt out. I received my CFA charter in 2007 and from my experience with taking the CFA exams, I felt comfortable receiving 70% on practice exam and old exams and felt really good if I could get above 80%.
However, I do not know how to feel about the FRM exam after taking some of the 2005 and 2006 old FRM practice exams and the flash quizes on BT...I've gotten 60+% on some and 70+% on others. I still need to review a lot of the calculations and formulas and work through more examples and I know the actual test environment will be more stressful and fatigue and concentration will play a role for me in the afternoon session so I am a little nervous and not so confident about my preparation thus far. The screencasts have been very helpful, but I feel that for me to get above 70%, I need to do more practice questions and examples.
I know there isn't any sort of defined guideline for what one needs to get to pass the FRM exam and there wasn't one for the CFA exams either, but I felt confident enough with 70-75% scores on practice exams because generally one can pass the CFA exam with just under 70% of the points. However, I have no clue with the FRM exam and I don't wish to fail the 2008 exam to find out.
Also, how good are the FRM practice exam questions compared to the real thing (i.e. difficulty and phrasing of questions) I am going to take the 2008 FRM practice exam soon to see how well my preparation is at this point. I felt the CFAI online mock exams were excellent as they provided a good practice of how difficult questions would be and how CFAI words questions.
Any perspective, experience, or tips would be greatly appreciated.
