Are you struggling to pass your CFA Level 1 exam? You are not alone!
The CFA Level is a challenging exam for many students. Luckily, there are some steps you can take to increase your chances of passing the exam on the first try. In this blog post, we will discuss seven tips that have helped other candidates pass their exams!
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Minimize Distractions from Your Surroundings
One of the most basic for passing your CFA level 1 exam is minimizing your surroundings' distractions. For example, try to avoid studying in a room with other people, pets, or objects that can distract you. One way of doing this is turning on calming music while taking your exam and keeping the volume low for when it's time to study so as not to disturb others.
These days, it can be hard to stay away from technology for a long time; however, it is recommended to either turn off your mobile phone or keep it away for the time you are studying. Your mobile phone can be a big distraction, so it is critical that you do something about when before you sit down to study.
Focus On the Most Tested Material
Do your research about CFA Level 1 exams; see what questions are more frequently asked in the exam and which questions hold more weightage. You need to put more focus on such material while preparing for your CFA level 1 exam.
This does not mean you have to ignore other material; you still have to prepare other material. However, focusing on concepts that are more likely to appear in the CFA Level 1 exam may be the deciding factor in your success. Don't just work hard; work efficiently.
Break Down Big Concepts into Smaller Pieces
It is crucial while you study that you break down big concepts into smaller pieces so that it becomes easier to understand and remember them. For example, if you're studying interest rates and get distracted by something else or forget the concept, you will have to study it all again.
It would be good to have smaller pieces of information about such topics as different interest rates (e.g., annualized rate) rather than just one large piece that may not come back as easy later on in case there's another distraction or memory lapse.
Practice, Practice and Practice
It is said that practice makes perfect, and this also applies to CFA exams. The more you take the exam, the better you'll get at answering it! This may sound a bit too simple, but it's true: as your familiarity with questions goes up, so does your accuracy. We advise our students to start in on their homework assignments as soon as possible because they will gauge where they are while studying for each chapter of their textbook, which helps them focus on what areas still need improvement.
Identify the concepts you still haven't got a firm grip on, and then work on them. Take a mock exam if you have to. It will also help you get ready for the actual CFA level 1 exam.
Study with Breaks
Another common misconception about passing the CFA level is that you have to study for hours and hours at a time without stopping. That's not true! Breaks are essential because they give your brain some much-needed rest from all the information it has been absorbing while studying, which in turn helps it retain more of what you learned previously.
It would help if you took small breaks every 20-30 minutes or whenever you start feeling tired, no matter how long you've already studied as well as longer breaks after about two hours of consecutive work on a subject (e.g., reading).
Preparing for a CFA Level 1 exam requires a lot of hard work, and you may have to study more for a CFA exam compared to other exams, but taking breaks isn't something that should be frowned upon. It would be best if you kept your mind healthy. If you study too much, not only will it affect your mental health, you will also lose focus during the exam.
Take a Relevant Workshop
CFA Level is a very in-depth certification, and you may have trouble understanding concepts. That's why it would be good to take a relevant workshop before your CFA Level 1 exam. These workshops can be great in preparing you for your CFA exam.
If you have specific questions about CFA exams, then a workshop or a training session may be just the thing you need. You can also receive one-on-one tutoring from an expert, which will help address any concerns you might still have about specific topics on CFA exams - make sure they're relevant as there are many accounting tutors out there, so do some research beforehand!
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Talk To Someone Who Has Already Passed CFA Exam
It might be challenging to go through the CFA Level exam process, but talking with someone who has passed it is an excellent way of gaining perspective and hearing their tips on how they did what they did. This can help you see things from different angles and figure out your unique strategy for success. Do plenty of research before asking them too many questions, though, so that you don't waste their time as well as yours.
We hope that this information helps you in improving your preparation for your CFA Level 1 exam. If you want to succeed in your career, passing the CFA Level 1 exam is an important step. The CFA exam is difficult, but not impossible.
It's a grueling test that requires endurance and keen focus to pass. But once you do, it will be worth all the effort because of the great things waiting for you on the other side of CFA Level 1! Passing your first level opens up doors for a lot of excellent and high-paying positions in different companies