Investing in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & case study material you use will play a significant part within your failure or success.
Hence, it is crucial that you apply the tried & tested study methods & utilize best study notes to feed this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the best ways of making certain you know the pad well as well as providing you the boldness that you’ll want to feed the exam.
2. Be Familiar With the test Format
Understanding the exact format with the exam will ensure that there are stay away from surprises & that there is absolutely no way of panic setting in which can happen in case you are surprised with something unexpected.
So simply to recap, the format with the CFA will 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
Typically, 1.A few minutes should be allocated for each and every question
3. Revise the fabric Three to four weeks Before the Exam
You cannot revise enough – in reality the greater you revise & the greater practice questions & exams one does the greater confident you will become for tackling the exam let alone being more at ease & proficient with the principles.
So have no less than 3 weeks before d-day to complete numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to ensure that you are aware of all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure of sitting the exam, a common mistake is usually to misunderstand a matter & therefore select the wrong answer.
It’ll pay out the comission to spend quite some time reading the question properly in order to not misinterpret it & when it seems too involved & too frustrating you are able to opt to leave it & go onto another that one could tackle & answer quickly.
Time management is vital – wasting too much time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Only One Correct Answer
Be precise even though you must sacrifice quite some time to obtain your calculation right.
Tend not to rush it as being you may turn out using energy along with passing up on getting a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to utilize the top study materials along with doing mock exams – get the two things right & the likelihood of passing the extent 1 exam will likely be greatly enhanced.
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