Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & case study material you utilize may play an essential part within your failure or success.
Hence, it is of vital importance that you apply the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Obtain 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 amongst the most effective ways of making sure that you realize the material well as well as providing you the arrogance that you will want to feed quality.
2. Know about test Format
Learning the exact format in the exam will ensure that we now have stay away from surprises & that there’s absolutely no way of panic establishing which may happen if you’re surprised with something unexpected.
So just to recap, the format in 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
An average of, 1.5 minutes needs to be allocated per question
3. Revise the information 3 to 4 weeks Prior to Exam
You can not revise enough – in reality the harder you revise & the harder practice questions & exams you need to do the harder confident you may become for tackling quality not forgetting being more comfortable & proficient with the principles.
So give yourself a minimum of 30 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as possible to ensure that you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & pressure of sitting quality, a standard mistake is to misunderstand a matter & therefore pick the wrong answer.
It’s going to pay out the comission to shell out a little time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too time consuming you can opt to leave it & go onto another that you could tackle & answer quickly.
Personal time management is critical – wasting too much effort by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise although you may have to sacrifice a little time to get your calculation right.
Don’t rush it you could find yourself using time and energy as well as losing out on getting a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it really is to use the top study materials as well as doing mock exams – get the two things right & your odds of passing the level 1 exam will probably be greatly enhanced.
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