Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & the research material you employ will have a crucial part in your success or failure.
It is therefore crucial which you use the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That Will Help You 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 among the simplest ways of making certain you already know the fabric well as well as supplying you with the boldness that you will need to pass through the exam.
2. Know about test Format
Understanding the exact format from the exam will guarantee that we now have keep surprises away & that there are absolutely no way of panic establishing which could happen should you be surprised with something unexpected.
So simply to recap, the format from the CFA mocks exams is really as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
On average, 1.A few moments should be allocated for each question
3. Revise the Material 3 or 4 weeks Prior to the Exam
You can not revise enough – the truth is the greater you revise & the greater practice questions & exams you need to do the greater confident you will become for tackling the exam as well as being more comfortable & proficient together with the principles.
So allow yourself a minimum of 30 days before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully have an understanding of all of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the stress of sitting the exam, perhaps the most common mistake is usually to misunderstand a matter & therefore opt for the wrong answer.
It’ll pay you to spend quite some time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too time consuming it is possible to decide to get forced out & look at another 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 certainly Just one Correct Answer
Be precise in case you must sacrifice quite some time to get your calculation right.
Tend not to rush it as being you could turn out using time and energy in addition to passing up on obtaining a not too difficult question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it is to work with the very best study materials in addition to doing mock exams – get the above things right & your chances of passing the level 1 exam is going to be greatly enhanced.
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