Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the analysis material you use will have a crucial part inside your success or failure.
Therefore, it’s of vital importance which you use the tried & tested study methods & utilize the 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 most effective ways of ensuring that you already know the material well as well as supplying you with the confidence that you will need to pass through the exam.
2. Be Familiar With quality Format
Knowing the exact format in the exam will make sure there are stay away from surprises & that there’s absolutely no way of panic setting in which could happen if you are surprised with something unexpected.
So in order to recap, the format in the CFA 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
Normally, 1.Five minutes must be allocated for each and every question
3. Revise the pad Three to four weeks Ahead of the Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams one does the greater confident you may become for tackling the exam not forgetting being convenient & proficient together with the principles.
So give yourself a minimum of 30 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as possible to make sure you have an understanding of all of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time restraints & pressure of sitting the exam, perhaps the most common mistake is to misunderstand something & therefore choose the wrong answer.
It is going to pay you to spend quite some time reading the question properly in order to not misinterpret it & whether it seems too involved & too time intensive it is possible to decide to get forced out & look at another that you can tackle & answer quickly.
Time management planning is very important – wasting a long time on time consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise even though you have to sacrifice quite some time to really get your calculation right.
Tend not to rush becoming you might find yourself using time and energy and also passing up on receiving a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, structured be overemphasised how important it is to make use of the very best study materials and also doing mock exams – get these two things right & the likelihood of passing the level 1 exam will likely be greatly enhanced.
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