Putting in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the analysis material you utilize will have an important part inside your success or failure.
Therefore, it is of vital importance that you employ the tried & tested study methods & utilize best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is probably the most effective ways of making sure that you already know the material well as well as providing you with the arrogance that you will need to feed test.
2. Know about the Exam Format
Understanding the exact format in the exam will make sure that there are keep surprises away & there’s no chance of panic setting in which may happen if you’re surprised with something unexpected.
So just to recap, the format in the CFA mocks exams 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
An average of, 1.5 minutes must be allocated for every question
3. Revise the pad 3 to 4 weeks Ahead of the Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams you need to do the greater confident you are going to become for tackling test let alone being convenient & proficient using the principles.
So allow yourself a minimum of 30 days before d-day to perform numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to actually have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & the pressure of sitting test, a common mistake is to misunderstand an issue & therefore select the wrong answer.
It is going to pay you to invest a little time reading the question properly so we don’t misinterpret it & when it seems too involved & too time-consuming you are able to choose to leave it & search another that one could tackle & answer quickly.
Time management techniques is essential – wasting too much time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise in case you ought to sacrifice a little time to really get your calculation right.
Tend not to rush it as being you can turn out using time and energy and also losing out on finding a relatively easy question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to work with the most effective study materials and also doing mock exams – get the two things right & your chances of passing the amount 1 exam will probably be greatly enhanced.
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