5 Key Tips To Pass Your CFA Level 1 Exam Around the First Attempt

Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.

The research techniques & the study material you use will have an important part in your failure or success.

It is therefore critical that you employ the tried & tested study methods & utilize best study notes to pass through this tough exam.

5 Key Tips That Will Help You Pass Your CFA Level 1 Exam

1. Acquire 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 one of the best ways of making certain you know the information along with along with providing you the arrogance that you’ll want to pass through quality.

2. Be informed about the Exam Format

Learning the exact format in the exam will make sure that you have stay away from surprises & that there is absolutely no way of panic setting in which could happen if you’re surprised with something unexpected.

So in order to recap, the format in the CFA 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

An average of, 1.5 minutes ought to be allocated for each question

3. Revise the fabric 3 or 4 weeks Ahead of the Exam

You can’t revise enough – actually the more you revise & the more practice questions & exams one does the more confident you are going to become for tackling quality let alone being convenient & proficient with the principles.

So allow at the very least 3 weeks before d-day to complete as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually understand all the material & principles.

4. Read & Understand Each Question Carefully

Due to the time limitations & pressure of sitting quality, a standard mistake is usually to misunderstand something & therefore select the wrong answer.

It’ll pay out the comission to invest a little extra time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time intensive you can opt to let it rest & search another that you can tackle & answer quickly.

Time management techniques is critical – wasting too much time on time consuming questions could mean missing easier questions & wasting easy marks

5. There is certainly Just one Correct Answer

Be precise even though you must sacrifice a little extra time to really get your calculation right.

Don’t rush it you may end up using time and energy as well as missing receiving a not too difficult question right.

Silly mistakes will definitely cost valuable marks.

Finally, it wouldn’t be overemphasised how important it really is to make use of the most effective study materials as well as doing mock exams – get the above things right & your odds of passing the particular level 1 exam is going to be greatly enhanced.
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