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

Posted on by

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

The study techniques & the research material you employ will play a crucial part in your failure or success.


Therefore, it is critical the application of the tried & tested study methods & utilize the best study notes to pass 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

Keeping 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 material along with along with supplying you with the confidence that you’ll want to pass quality.

2. Be informed about the Exam Format

Having the exact format of the exam will assure that there are stay away from surprises & there’s no chance of panic setting in that may happen if you are surprised with something unexpected.

So just to recap, the format of the CFA mocks exams is really 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 moments must be allocated for each question

3. Revise the pad Three or four weeks Before the Exam

You can not revise enough – the truth is greater you revise & greater practice questions & exams you need to do greater confident you’ll become for tackling quality let alone being more at ease & proficient with all the principles.

So allow no less than 21 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to ensure that you have an understanding of every one of the material & principles.

4. Read & Understand Each Question Carefully

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

It is going to pay you to pay quite some time reading the issue properly in order to not misinterpret it & if it seems too involved & too time consuming you are able to decide to get forced out & look at another that one could tackle & answer quickly.

Time management planning is essential – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks

5. There’s Only 1 Correct Answer

Be precise although you may ought to sacrifice quite some time to get your calculation right.

Usually do not rush it you could wind up using energy in addition to missing obtaining a easy question right.

Silly mistakes will cost valuable marks.

Finally, it can’t be overemphasised how important it really is to make use of the best study materials in addition to doing mock exams – get the two things right & your chances of passing the amount 1 exam will probably be greatly enhanced.
To read more about CFA mocks exams view the best resource: web link