Putting in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
The analysis techniques & the study material you use may play an essential part with your failure or success.
Hence, it is critical the application of the tried & tested study methods & make use of the best study notes to give this tough exam.
5 Key Tips That will help 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 among the best ways of making sure that you realize the fabric along with along with providing you with the arrogance that you’ll need to give test.
2. Be Familiar With the Exam Format
Learning the exact format in the exam will ensure that there are stay away from surprises & that there are absolutely no way of panic establishing that may happen in case you are surprised with something unexpected.
So simply to recap, the format in the CFA mocks exams is as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Normally, 1.5 minutes needs to be allocated per question
3. Revise the fabric 3 or 4 weeks Before the Exam
You can not revise enough – in fact the greater you revise & the greater practice questions & exams you need to do the greater confident you’ll become for tackling test not to mention being more comfortable & proficient with all the principles.
So allow at least 25 days before d-day to perform as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to ensure that you understand every one of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time restraints & the pressure of sitting test, a standard mistake is usually to misunderstand something & therefore pick the wrong answer.
It’s going to pay out the comission to spend quite some time reading the question properly so we don’t misinterpret it & if it seems too involved & too time consuming you can plan to leave it & search another you could tackle & answer quickly.
Time management techniques is vital – wasting too much effort punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only 1 Correct Answer
Be precise even though you need to sacrifice quite some time to obtain your calculation right.
Do not rush it you may end up using energy in addition to missing finding a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to utilize the best study materials in addition to doing mock exams – get the above things right & your odds of passing the particular level 1 exam will likely be greatly enhanced.
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