Investing in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the research material you use may play an important part inside your success or failure.
It is therefore critical that you employ the tried & tested study methods & utilize the best study notes to pass this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Receive 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 one of the best ways of making sure you realize the fabric well as well as supplying you with the arrogance that you will want to pass test.
2. Know about the test Format
Understanding the exact format from the exam will make sure that we now have no surprises & that there is no chance of panic establishing which could happen if you’re surprised with something unexpected.
So only to recap, the format from 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.Five minutes must be allocated per question
3. Revise the information 3 or 4 weeks Ahead of the Exam
You cannot revise enough – in reality greater you revise & greater practice questions & exams you are doing greater confident you are going to become for tackling test let alone being more comfortable & proficient with all the principles.
So have a minimum of 21 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully are familiar with all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time constraints & the stress of sitting test, perhaps the most common mistake is always to misunderstand something & therefore choose the wrong answer.
It’ll purchase from you to spend quite some time reading the question properly so we don’t misinterpret it & when it seems too involved & too time-consuming it is possible to decide to leave it & search another that you could tackle & answer quickly.
Time management techniques is essential – wasting a lot of time on time consuming questions could mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise even though you have to sacrifice quite some time to really get your calculation right.
Don’t rush it you can wind up using time along with missing out on receiving a not too difficult question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to use the most effective study materials along with doing mock exams – get the above things right & the chances of you passing the particular level 1 exam will likely be greatly enhanced.
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