Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
The study techniques & case study material you use will have an important part in your failure or success.
It is therefore crucial that you apply the tried & tested study methods & make use of the best study notes to pass through this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Obtain 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 easiest ways of making certain you know the fabric well as well as supplying you with the boldness that you’ll want to pass through the exam.
2. Know about the Exam Format
Having the exact format from the exam will guarantee that you have keep surprises away & that there are absolutely no way of panic establishing that may happen if you are surprised with something unexpected.
So simply to recap, the format from the CFA can be as follows;
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
An average of, 1.5 minutes needs to be allocated per question
3. Revise the fabric 3 to 4 weeks Before the Exam
You are unable to revise enough – the truth is greater you revise & greater practice questions & exams one does greater confident you are going to become for tackling the exam let alone being convenient & proficient with the principles.
So have at least 21 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & the pressure of sitting the exam, a standard mistake is usually to misunderstand a question & therefore pick the wrong answer.
It will pay out the comission to pay a little time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too frustrating you are able to plan to let it sit & look at another that you can tackle & answer quickly.
Time management techniques is essential – wasting too much effort by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise in case you ought to sacrifice a little time to get your calculation right.
Tend not to rush becoming you could end up using time and energy in addition to losing out on finding a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, structured be overemphasised how important it can be to make use of the best study materials in addition to doing mock exams – get the above things right & the chances of you passing the amount 1 exam will probably be greatly enhanced.
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