Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
Case study techniques & the analysis material you employ can play a significant part with your failure or success.
Therefore, it is critical which you use the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Obtain 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 among the best ways of making sure you realize the material well as well as giving you the arrogance that you will want to feed quality.
2. Be Familiar With quality Format
Understanding the exact format from the exam will guarantee there are stay away from surprises & that there is absolutely no way of panic setting in which can happen in case 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
On average, 1.Five minutes needs to be allocated for each question
3. Revise the pad 3 or 4 weeks Prior to the Exam
You can not revise enough – in fact the more you revise & the more practice questions & exams you are doing the more confident you’ll become for tackling quality not to mention being more at ease & proficient with all the principles.
So give yourself at the very least 3 weeks before d-day to accomplish as many EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure to succeed of sitting quality, a common mistake is usually to misunderstand a matter & therefore choose the wrong answer.
It’s going to purchase from you to invest a bit of time reading the question properly so we don’t misinterpret it & whether it seems too involved & too frustrating you can opt to get forced out & go onto another that one could tackle & answer quickly.
Time management techniques is vital – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise even though you need to sacrifice a bit of time to obtain your calculation right.
Do not rush it as you could end up using time and energy as well as losing out on getting a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to utilize the most effective study materials as well as doing mock exams – get the above things right & your chances of passing the amount 1 exam is going to be greatly enhanced.
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