Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & case study material you employ will have a significant part with your failure or success.
Therefore, it’s of vital importance that you employ 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. 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 probably the most effective ways of making certain you already know the pad along with along with providing you the arrogance that you’ll need to feed the exam.
2. Be informed about test Format
Knowing the exact format in the exam will ensure there are keep surprises away & that there’s absolutely no way of panic establishing that may happen in case you are surprised with something unexpected.
So in order to recap, the format in the CFA 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
On average, 1.Five minutes should be allocated for each question
3. Revise the fabric Three or four weeks Ahead of the Exam
You are unable to revise enough – in reality the more you revise & the more practice questions & exams one does the more confident you will 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 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 the a lack of time & pressure of sitting the exam, a common mistake is to misunderstand something & therefore opt for the wrong answer.
It’ll pay out to shell out a little extra time reading the question properly in order to not misinterpret it & when it seems too involved & too frustrating you are able to plan to let it rest & look at another that one could tackle & answer quickly.
Time management planning is very important – wasting a long time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise in case you have to sacrifice a little extra time to get your calculation right.
Tend not to rush it as being you might wind up using valuable time and also missing out on obtaining a not too difficult question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to work with the most effective study materials and also doing mock exams – get the two things right & the chances of you passing the extent 1 exam will probably be greatly enhanced.
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