Putting in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the study material you have will play a crucial part with your failure or success.
Therefore, it is crucial that you employ the tried & tested study methods & use the best study notes to pass this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the easiest ways of making certain you understand the material along with along with giving you the confidence that you’ll want to pass the test.
2. Be Familiar With test Format
Having the exact format from the exam will make sure that we now have no surprises & there’s no chance of panic setting in which could happen in case you are surprised with something unexpected.
So simply to recap, the format from 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, 1.5 minutes needs to be allocated for every question
3. Revise the fabric 3 or 4 weeks Before the Exam
You are unable to revise enough – in fact the greater you revise & the greater practice questions & exams one does the greater confident you are going to become for tackling the test as well as being more comfortable & proficient together with the principles.
So allow at the very least 3 weeks before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to ensure that you understand all of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time limitations & pressure to succeed of sitting the test, a standard mistake is usually to misunderstand an issue & therefore opt for the wrong answer.
It’s going to pay out to invest a little extra time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too time intensive you can decide to let it sit & look at another that you can tackle & answer quickly.
Time management techniques is essential – wasting a lot of time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise even though you ought to sacrifice a little extra time to really get your calculation right.
Don’t rush becoming you might end up using energy as well as missing out on obtaining a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to utilize the best study materials as well as doing mock exams – get the above things right & the chances of you passing the level 1 exam will likely be greatly enhanced.
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