Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.
Case study techniques & the study material you use may play an important part within your failure or success.
Hence, it is critical that you apply the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That Will 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 amongst the simplest ways of making sure you know the pad along with along with giving you the arrogance that you will want to feed quality.
2. Be Familiar With the Exam Format
Learning the exact format from the exam will guarantee there are stay away from surprises & that there is absolutely no way of panic establishing which may happen if you are surprised with something unexpected.
So in order to recap, the format from the CFA 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, 1.5 minutes needs to be allocated for every question
3. Revise the information 3 to 4 weeks Before the Exam
You are unable to revise enough – in reality the harder you revise & the harder practice questions & exams one does the harder confident you may become for tackling quality not to mention being more comfortable & proficient together with the principles.
So allow at least 3 weeks before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you understand all the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & the stress of sitting quality, a standard mistake would be to misunderstand a matter & therefore opt for the wrong answer.
It’ll pay out the comission to invest a bit of time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too time consuming you’ll be able to decide to get forced out & search another that you can tackle & answer quickly.
Personal time management is very important – wasting too much time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise although you may must sacrifice a bit of time to really get your calculation right.
Tend not to rush it as you might find yourself using time as well as missing finding a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to work with the top study materials as well as doing mock exams – get those two things right & your chances of passing the particular level 1 exam will likely be greatly enhanced.
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