Setting up the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the research material you have will play an essential part with your success or failure.
It is therefore of vital importance the application of the tried & tested study methods & use 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
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the simplest ways of making sure that you understand the information well as well as providing you with the arrogance that you’ll want to pass through the test.
2. Be informed about the test Format
Learning the exact format from the exam will assure that there are no surprises & that there are no chance of panic setting in which can happen should you be surprised with something unexpected.
So simply to recap, the format from the CFA mocks exams 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
Typically, 1.5 minutes ought to be allocated per question
3. Revise the information Three or four weeks Prior to the Exam
You cannot revise enough – in reality the harder you revise & the harder practice questions & exams one does the harder confident you may become for tackling the test let alone being much more comfortable & proficient together with the principles.
So have at the very least 21 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & the stress of sitting the test, perhaps the most common mistake would be to misunderstand an issue & therefore choose the wrong answer.
It will purchase from you to shell out quite some time reading the question properly in order to not misinterpret it & whether it seems too involved & too time consuming it is possible to choose to get forced out & search another that one could tackle & answer quickly.
Time management is essential – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise in case you ought to sacrifice quite some time to get your calculation right.
Do not rush it you might turn out using time and energy and also losing out on finding a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, it can’t be overemphasised how important it really is to work with the top study materials and also doing mock exams – get the two things right & your odds of passing the level 1 exam is going to be greatly enhanced.
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