Applying the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the research material you employ can play a significant part within your success or failure.
Therefore, it’s of vital importance that you apply the tried & tested study methods & utilize the best study notes to pass through 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
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is probably the simplest ways of making sure that you understand the material along with along with providing you the confidence that you’ll want to pass through the exam.
2. Be Familiar With the Exam Format
Having the exact format in the exam will make sure that there are keep surprises away & that there is absolutely no way of panic establishing that may happen in case you are surprised with something unexpected.
So simply to recap, the format in the CFA mocks exams 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
Typically, 1.5 minutes must be allocated for each question
3. Revise the fabric 3 or 4 weeks Prior to Exam
You are unable to revise enough – in reality greater you revise & greater practice questions & exams you do greater confident you will become for tackling the exam let alone being more at ease & proficient using the principles.
So allow at least 3 weeks before d-day to complete numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the time constraints & the pressure of sitting the exam, perhaps the most common mistake is always to misunderstand a question & therefore choose the wrong answer.
It’ll purchase from you to spend a little time reading the issue properly in order to not misinterpret it & if it seems too involved & too time-consuming you are able to choose to get forced out & look at another that you could tackle & answer quickly.
Time management is essential – wasting a lot of time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There Is Just one Correct Answer
Be precise even if you have to sacrifice a little time to really get your calculation right.
Tend not to rush it as being you could find yourself using valuable time as well as losing out on receiving a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to make use of the top study materials as well as doing mock exams – get those two things right & your odds of passing the amount 1 exam will likely be greatly enhanced.
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