Applying the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
The study techniques & the research material you use will have an important part with your success or failure.
Therefore, it’s of vital importance the application of the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the simplest ways of making certain you know the fabric well as well as providing you with the confidence that you’ll need to feed test.
2. Be aware of the test Format
Knowing the exact format in the exam will ensure there are keep surprises away & that there are absolutely no way of panic establishing that may happen if you are surprised with something unexpected.
So in order to recap, the format in the CFA is really as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
On average, 1.Five minutes needs to be allocated per question
3. Revise the Material 3 to 4 weeks Before the Exam
You can not revise enough – the truth is greater you revise & greater practice questions & exams you are doing greater confident you are going to become for tackling test let alone being convenient & proficient with the principles.
So allow yourself a minimum of 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
Due to time limitations & the stress of sitting test, a typical mistake is to misunderstand something & therefore opt for the wrong answer.
It will purchase from you to shell out quite some time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too time consuming it is possible to opt to let it rest & internet browser another that you could tackle & answer quickly.
Time management techniques is critical – wasting a long time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise in case you ought to sacrifice quite some time to really get your calculation right.
Don’t rush it as being you might wind up using valuable time along with missing receiving a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to use the top study materials along with doing mock exams – get those two things right & your odds of passing the level 1 exam is going to be greatly enhanced.
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