Applying the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & the analysis material you have will have an essential part with your success or failure.
Therefore, it is crucial the application of the tried & tested study methods & use the best study notes to pass this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is probably the easiest ways of making certain you realize the information well as well as providing you with the arrogance that you’ll need to pass quality.
2. Know about the Exam Format
Learning the exact format of the exam will ensure that we now have no surprises & that there is absolutely no way of panic establishing which could happen if you are surprised with something unexpected.
So just to recap, the format of 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
An average of, 1.Five minutes must be allocated for every question
3. Revise the information 3 or 4 weeks Prior to Exam
You are unable to revise enough – in reality greater you revise & greater practice questions & exams you need to do greater confident you will become for tackling quality not to mention being more comfortable & proficient with the principles.
So have no less than 30 days before d-day to complete as many EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually are aware of each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure to succeed of sitting quality, perhaps the most common mistake would be to misunderstand an issue & therefore choose the wrong answer.
It will purchase from you to pay a bit of time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too time intensive you are able to decide to leave it & look at another that you could tackle & answer quickly.
Time management is very important – wasting too much time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only 1 Correct Answer
Be precise although you may must sacrifice a bit of time to obtain your calculation right.
Do not rush it you could turn out using energy and also missing out on getting a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it can’t be overemphasised how important it’s to make use of the most effective study materials and also doing mock exams – get those two things right & your odds of passing the particular level 1 exam will be greatly enhanced.
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