Investing in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the study material you employ can play a crucial part with your failure or success.
Hence, it is crucial which you use the tried & tested study methods & utilize best study notes to pass this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Receive 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 among the easiest ways of making certain you understand the pad well as well as supplying you with the arrogance that you’ll want to pass the exam.
2. Know about quality Format
Understanding the exact format in the exam will ensure that you have keep surprises away & that there is absolutely no way of panic establishing which can happen in case you are surprised with something unexpected.
So just to recap, the format in the CFA 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 should be allocated for each and every question
3. Revise the Material Three or four weeks Ahead of the Exam
You are unable to revise enough – the truth is the greater you revise & the greater practice questions & exams you do the greater confident you’ll become for tackling the exam as well as being more comfortable & proficient using the principles.
So allow yourself at least 30 days before d-day to complete numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to ensure that you have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure of sitting the exam, perhaps the most common mistake is usually to misunderstand something & therefore opt for the wrong answer.
It’s going to pay out to invest a little time reading the issue properly so we don’t misinterpret it & when it seems too involved & too frustrating you’ll be able to decide to let it sit & internet browser another you could tackle & answer quickly.
Time management planning is very important – wasting a long time punctually consuming questions could mean missing easier questions & wasting easy marks
5. There Is Just one Correct Answer
Be precise although you may have to sacrifice a little time to obtain your calculation right.
Do not rush becoming you can turn out using energy in addition to missing out on finding a easy question right.
Silly mistakes will cost valuable marks.
Finally, it can’t be overemphasised how important it’s to use the top study materials in addition to doing mock exams – get these two things right & the chances of you passing the amount 1 exam will probably be greatly enhanced.
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