Wiley Question Bank Cma

[Billy Cregin]

AgreeSlightly better as they give you vignette style questions for level 2. Not sure if Schweser has updated their q bank or will. I used Wiley and passed very comfortably. I enjoyed their videos. The downside is only one exam vs the 6 you get with Schweser. I highly recommend doing at least 6 exams. You can buy 3 from IFT for a decent price.

One thing is for sure, without argument. The 6 Schweser Mocks were much better than the 2 Wiley mocks. In fact, lots of questions on Wiley mocks were material that had been removed, such as LIFO/FIFO accounting.

I use Wiley, and their test bank is good, but I feel some of the explanations are lacking, and dont seem to suffice, in my opinion. They did add a new feature to show weak areas, but that's only for practice exams. I would try and see if they offer a free trial and test them out. Have you tried the Ninja test bank?

One of the big selling points when I bought Wiley was that they claimed to have the biggest test bank out of all programs. But I've learned the hard way that quantity does NOT equal quality. The questions are totally written by multiple different teachers and people within each section.

Guess it depends on what teacher you have. Some do good questions and 3-4 sentence explanations that put it in English. Some do WAY too easy questions and like one-sentence explanations (often just repeating the answer verbatim). And some give questions that are WAY too ridonkulous even for the CPA exam, followed by 3 paragraph rambling incoherent drunken gibberish explanations.

I only sampled Wiley. Recommend you try the sample of Gleim.

I used the Gleim TB for some of my exams (and the EA).

I really liked how they provide explanations as to why the right answer is right, and the wrong answer is wrong. Although sometimes the explanation for the wrong answer is the same as why the right answer is right, sometimes it does show you common mistakes that you MIGHT make to arrive at a wrong answer, which I found helpful.

I also appreciated the 20 chapter breakdowns, with the further subunit breakdown, so you can easily see which areas you are performing poorly in. Not just by chapter 5 for example, but you can see that in all of chapter 5, you are performing poorly in leases, but doing well on the other topics, so you can easily focus on your weak areas.

When I started using Gleim's test bank about 50% through my studying for BEC, I panicked because I was getting so many questions wrong. Turns out, their test bank actually helped me because it asked difficult conceptual questions (and gave detailed answers), which forced you to ultimately understand a concept. In turn, it helped me understand calculations much better Wiley's test bank and lectures. Also, I paid the extra $16 with Gleim's test bank to receive a hard copy of the questions that included an outline for each section. The 1-2 page outlines helped sum up concepts and provided nice mnemonics (those have always helped me quite a bit).

3. Purchased Gliem test bank for newly worded questions. Spend 2 hours skimming and reviewing all highlighted/marked/underlined material in the book, cover to cover. Spend 2 hours taking Gliem practice tests. Repeat.

A caveat to this is that it was over a summer several years back, and I spent about 10 hours per day, 6 days per week, finishing it between graduation and my first day with the firm. I treated it like a full time job. Spending a few hours each day here and there isn't sufficient. Spending too much time can be as detrimental as spending too little time. You'll eventually forget previously covered material if you move too slow. The exam is a mental marathon and an exercise in discipline. Work effort and proper planning is key.

I am also wondering for same thing. Many people said on these forum that schweser question bank is very much quantitative and wiley qbank is qualitative that makes concepts clear. Really appreciate if someone share/guide.

Thank you so much S2000magician. I am planning to do all CFA curriculum EOC, blue box questions, and topic test and mock test, followed by video lectures. Does CFA curriculum questions reflect actual difficulties of real exam?

I was told by a few guys who passes level 1 that the CFA EOC questions are the best as compared to the actual thing, Schweser is supposedly easier. Best thing to do is EOC and as many practice exams as possible.

Personally, I am going to do the EOC, Schweser Qbank, and the mock and whatever practice exam is available (schweser has 4 exams I think, CFA site has 1-2 i believe and i think can get practice exams from different sites). they suggested do at least 4 practice exams before the exam.

Passed CFA Level 1, first attempt. I found that the topic tests and mock exams from CFAI are very useful. I also bought Wiley question bank and thought that it would be helpful, but the wording, format, and the style of questions from the question bank are not even close to the topic tests and mock exams. I finally decided to work on the topic tests and mock exams repeatedly rather than spending extra time to go through the question bank. Kind of regret having spent quite a bit on the question bank.

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