Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the study material you have will play a crucial part within your success or failure.
It is therefore of vital importance that you apply the tried & tested study methods & use the best study notes to give this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Having 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 realize the information along with along with giving you the arrogance that you’ll need to give the test.
2. Be informed about the Exam Format
Understanding the exact format from the exam will assure that you have no surprises & there’s absolutely no way of panic establishing that may happen in case you are surprised with something unexpected.
So simply to recap, the format from the CFA mocks exams will 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
Normally, 1.A few minutes must be allocated for each question
3. Revise the information Three or four weeks Ahead of the Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams you need to do the greater confident you may become for tackling the test not to mention being convenient & proficient together with the principles.
So allow a minimum of 3 weeks before d-day to perform as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure to succeed of sitting the test, a typical mistake would be to misunderstand something & therefore opt for the wrong answer.
It is going to pay out the comission to pay a bit of time reading the issue properly in order to not misinterpret it & when it seems too involved & too frustrating you are able to choose to let it rest & internet browser another that you can tackle & answer quickly.
Personal time management is essential – wasting a long time on time consuming questions could mean missing easier questions & wasting easy marks
5. There’s Just one Correct Answer
Be precise even though you have to sacrifice a bit of time to obtain your calculation right.
Tend not to rush becoming you might wind up using time and energy and also missing getting a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it can’t be overemphasised how important it’s to work with the very best study materials and also doing mock exams – get the two things right & the likelihood of passing the level 1 exam will probably be greatly enhanced.
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