Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam around the first attempt.
The study techniques & case study material you utilize may play a significant part in your success or failure.
Therefore, it is crucial that you employ the tried & tested study methods & utilize the best study notes to pass through 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
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 best ways of making sure you understand the material well as well as giving you the confidence that you’ll need to pass through test.
2. Be aware of the Exam Format
Knowing the exact format from the exam will ensure that you have stay away from surprises & there’s no chance of panic setting in which can happen if you are surprised with something unexpected.
So in order to recap, the format from the CFA mocks exams 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
Typically, 1.A few minutes must be allocated for each and every question
3. Revise the Material Three or four weeks Ahead of the Exam
You cannot revise enough – actually the more you revise & the more practice questions & exams you are doing the more confident you may become for tackling test not to mention being more at ease & proficient together with the principles.
So have at least 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully have an understanding of all of the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & the pressure of sitting test, perhaps the most common mistake is to misunderstand a matter & therefore choose the wrong answer.
It will pay you to shell out quite some time reading the issue properly in order to not misinterpret it & if it seems too involved & too time consuming you can choose to leave it & internet browser another that you can tackle & answer quickly.
Personal time management is very important – wasting a long time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise in case you ought to sacrifice quite some time to obtain your calculation right.
Do not rush it you can find yourself using time and energy along with passing up on receiving a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to utilize the best study materials along with doing mock exams – get the two things right & your chances of passing the level 1 exam will be greatly enhanced.
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