Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
Case study techniques & the research material you utilize may play an important part within your success or failure.
Hence, it is of vital importance the application of the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Acquire 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 sure that you already know the pad well as well as providing you the arrogance that you will need to feed the exam.
2. Be informed about quality Format
Understanding the exact format in the exam will ensure that we now have no surprises & that there are no chance of panic establishing which can happen should you be 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
Typically, 1.5 minutes ought to be allocated for every question
3. Revise the information 3 or 4 weeks Prior to the Exam
You can not revise enough – in fact greater you revise & greater practice questions & exams you need to do greater confident you’ll become for tackling the exam let alone being more at ease & proficient using the principles.
So allow yourself at the very least 21 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & the stress of sitting the exam, perhaps the most common mistake is usually to misunderstand an issue & therefore opt for the wrong answer.
It is going to pay you to shell out a bit of time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too time-consuming you can opt to let it sit & search another that you could tackle & answer quickly.
Time management is vital – wasting too much effort punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise even though you have to sacrifice a bit of time to obtain your calculation right.
Do not rush it as being you may wind up using time and energy in addition to missing out on obtaining a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to make use of the top study materials in addition to doing mock exams – get the above things right & your odds of passing the particular level 1 exam will be greatly enhanced.
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