Applying the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the analysis material you use will have an important part with your failure or success.
It is therefore critical that you employ the tried & tested study methods & use the best study notes to pass this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Get 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 probably the best ways of making sure you already know the fabric along with along with providing you the arrogance that you will want to pass quality.
2. Be aware of quality Format
Having the exact format in the exam will ensure that you have keep surprises away & that there is absolutely no way of panic establishing which may happen should you be surprised with something unexpected.
So simply to recap, the format in 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
On average, 1.A few minutes ought to be allocated for each question
3. Revise the fabric 3 or 4 weeks Before the Exam
You can not revise enough – actually the greater you revise & the greater practice questions & exams you do the greater confident you are going to become for tackling quality not forgetting being much more comfortable & proficient with all the principles.
So allow at the very least 3 weeks before d-day to do numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to ensure that you understand all of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & pressure of sitting quality, a standard mistake would be to misunderstand a matter & therefore select the wrong answer.
It is going to pay you to pay a little extra time reading the issue properly so we don’t misinterpret it & when it seems too involved & too time-consuming you’ll be able to plan to leave it & search another that one could tackle & answer quickly.
Time management planning is vital – wasting a lot of time promptly consuming questions could mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise even though you must sacrifice a little extra time to really get your calculation right.
Do not rush it as you may end up using energy in addition to passing up on finding a relatively simple question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to utilize the best study materials in addition to doing mock exams – get these two things right & your chances of passing the particular level 1 exam will be greatly enhanced.
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