Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & case study material you utilize will play a significant part with your success or failure.
Hence, it is crucial that you apply the tried & tested study methods & make use of 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
Having 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 realize the information along with along with giving you the confidence that you’ll need to feed quality.
2. Be informed about quality Format
Having the exact format of the exam will guarantee that we now have keep surprises away & that there are no chance of panic establishing that may happen if you are surprised with something unexpected.
So just to recap, the format of the CFA will be as follows;
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Normally, 1.A few minutes must be allocated for each and every question
3. Revise the Material 3 or 4 weeks Before the Exam
You are unable to revise enough – actually the harder you revise & the harder practice questions & exams you are doing the harder confident you’ll become for tackling quality let alone being more comfortable & proficient with all the principles.
So have at least 3 weeks before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you are familiar with every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & the pressure of sitting quality, a standard mistake is to misunderstand an issue & therefore select the wrong answer.
It’ll purchase from you to shell out quite some time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time-consuming you’ll be able to opt to get forced out & internet browser another that you can tackle & answer quickly.
Time management techniques is very important – wasting a long time on time consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only One Correct Answer
Be precise in case you must sacrifice quite some time to get your calculation right.
Usually do not rush becoming you can end up using time as well as losing out on finding a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it’s to make use of the top study materials as well as doing mock exams – get those two things right & your chances of passing the level 1 exam will likely be greatly enhanced.
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