Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the study material you employ will play an important part within your failure or success.
Hence, it is crucial which you use the tried & tested study methods & utilize the best study notes to give this tough exam.
5 Key Tips That will assist 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 one of the easiest ways of making sure you understand the material along with along with providing you with the confidence that you’ll need to give the exam.
2. Be Familiar With quality Format
Understanding the exact format with the exam will assure there are stay away from surprises & that there are no chance of panic setting in which can happen if you are surprised with something unexpected.
So just to recap, the format with the CFA mocks exams can 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
Normally, 1.Five minutes needs to be allocated per question
3. Revise the fabric Three to four weeks Ahead of the Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams you are doing the greater confident you are going to become for tackling the exam as well as being more comfortable & proficient together with the principles.
So have a minimum of 25 days before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to actually have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time restraints & the pressure of sitting the exam, a typical mistake is to misunderstand something & therefore opt for the wrong answer.
It’ll pay you to invest a bit of time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too frustrating you are able to decide to let it rest & go onto another that you could tackle & answer quickly.
Time management planning is very important – wasting too much time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only One Correct Answer
Be precise even though you ought to sacrifice a bit of time to really get your calculation right.
Don’t rush it as you might turn out using valuable time in addition to passing up on getting a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to work with the top study materials in addition to doing mock exams – get these two things right & your chances of passing the particular level 1 exam is going to be greatly enhanced.
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