Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the study material you have may play an essential part in your success or failure.
It is therefore critical that you apply the tried & tested study methods & use the best study notes to feed this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the easiest ways of making sure that you already know the material along with along with supplying you with the arrogance that you will need to feed quality.
2. Be aware of the test Format
Understanding the exact format in the exam will guarantee that we now have stay away from surprises & that there’s no chance of panic establishing which could happen in case you are surprised with something unexpected.
So just to recap, the format in the CFA can be as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Normally, 1.A few moments ought to be allocated for each question
3. Revise the Material 3 to 4 weeks Prior to the Exam
You can’t revise enough – the truth is the harder you revise & the harder practice questions & exams one does the harder confident you’ll become for tackling quality as well as being more comfortable & proficient with all the principles.
So allow no less than 30 days before d-day to complete numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time limitations & pressure of sitting quality, a typical mistake is to misunderstand an issue & therefore opt for the wrong answer.
It’ll pay out to pay a bit of time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too frustrating it is possible to decide to get forced out & go onto another that you could tackle & answer quickly.
Time management techniques is vital – wasting too much time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise although you may need to sacrifice a bit of time to really get your calculation right.
Usually do not rush it as you could find yourself using valuable time along with missing getting a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it can’t be overemphasised how important it really is to use the most effective study materials along with doing mock exams – get those two things right & the likelihood of passing the amount 1 exam will likely be greatly enhanced.
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