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Timing Strategies for Constructed Response
I've finished almost all the Schweser and all the CFAI AM exams and have found lack of time to be my biggest issue.
My current plan is this:
- Identify roughly where I should be at the 1, 2, and 2.5 hour marks based on the questions before I get going. For this reason I don't skip around the exam.
- However, if I come across a "self-contained" sub-question that's challenging to answer in less than the allotted time then I write down a quick guess and move on, marking it to come back later.
- Remind myself that sometimes I just don't know the exact answer and wasting a minute thinking isn't going to make the answer magically appear.
- Don't over-complicate the answer, especially on 3-4 point questions. I won't get more points for writing more.
What strategies do the rest of you practice to beat the clock in constructed response?