Putting in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & case study material you have will play a crucial part within your success or failure.
Hence, it is critical which you use the tried & tested study methods & use the best study notes to give this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Receive 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 one of the simplest ways of ensuring that you know the material along with along with providing you with the boldness that you’ll want to give test.
2. Know about quality Format
Knowing the exact format in the exam will make sure that you have no surprises & that there’s no chance of panic establishing that may happen should you be surprised with something unexpected.
So only to recap, the format in the CFA will 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, 1.5 minutes must be allocated for each question
3. Revise the pad 3 to 4 weeks Before the Exam
You can’t revise enough – the truth is the harder you revise & the harder practice questions & exams you do the harder confident you are going to become for tackling test not to mention being more at ease & proficient with all the principles.
So allow yourself no less than 30 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & the stress of sitting test, perhaps the most common mistake is always to misunderstand an issue & therefore select the wrong answer.
It will pay out the comission to invest a bit of time reading the question properly so we don’t misinterpret it & if it seems too involved & too time intensive you can plan to let it sit & go onto another you could tackle & answer quickly.
Time management techniques is essential – wasting a lot of time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise although you may must sacrifice a bit of time to get your calculation right.
Do not rush becoming you could end up using valuable time and also missing obtaining a not too difficult question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it can be to use the most effective study materials and also doing mock exams – get the two things right & your odds of passing the level 1 exam is going to be greatly enhanced.
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