Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & case study material you have will play a significant part within your failure or success.
Therefore, it’s crucial the application of the tried & tested study methods & make use of the best study notes to pass through this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Get 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 probably the simplest ways of making sure that you realize the information along with along with supplying you with the boldness that you will need to pass through quality.
2. Be Familiar With the Exam Format
Knowing the exact format of the exam will ensure that you have keep surprises away & that there are absolutely no way of panic establishing which may happen should you be surprised with something unexpected.
So only to recap, the format of 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.Five minutes ought to be allocated for each and every question
3. Revise the information 3 or 4 weeks Prior to the Exam
You are unable to revise enough – the truth is the harder you revise & the harder practice questions & exams you need to do the harder confident you’ll become for tackling quality let alone being more at ease & proficient using the principles.
So give yourself at the very least 3 weeks before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to time restraints & the pressure of sitting quality, a common mistake is always to misunderstand something & therefore select the wrong answer.
It’ll pay out the comission to pay a little time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time intensive you can plan to let it rest & go onto another you could tackle & answer quickly.
Time management planning is very important – wasting too much effort on time consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise although you may have to sacrifice a little time to get your calculation right.
Don’t rush it as you might find yourself using time along with missing obtaining a relatively easy question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it is to utilize the very best study materials along with doing mock exams – get the above things right & your odds of passing the particular level 1 exam will probably be greatly enhanced.
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