This article will provide you awesome tips for your CFA exam preparation. Do follow the tips & score maximum.
Now that the CFA Exam is looming large on the horizon, there may be some amount of anxiety and millions of “if-else” situations buzzing through your brain. This is a good time to look at how you should spend your run-up for the exam.
1) First and foremost don’t worry about clearing the exam right now! :
Right now, your main focus should be on learning each and every concept. Focus on the path to the exam.
2) Level I Exam is not difficult:
A. Remember guys; this exam has a pass percentage of 40%.
B. It is a multiple-choice question with ONLY three options.
C. There are no negative markings.
Can they make it any easier? I don’t think so!
3) Solve at least 6 Mocks:
The idea behind this is not just that you practice questions but you get used to the whole 6 hours exam thing, which is imperative. Clearing the exam is about how effectively you can manage those 6 hours and how active you are mentally throughout the time, this needs practice.
4) Don’t Get De motivated By the CFAI mock:
Do not get de-motivated by the CFAI mock that is given to you. Do practice it but don’t get bogged down with the score. No one gets a good score in that. Instead be smart and try to practice those questions again and revise some concepts that have been covered in that exam.
5) Keep a Good Balance between Questions and Text:
As has been mentioned, this exam is focuses both on conceptual understanding and applications of the concepts. Hence it is essential that you revise the text as well as practice questions.
6) Do not try anything new now :
If you suddenly start worrying that some other prep provider might give me you a better chance to clear the exam then you are going down the wrong road. Stick to what you have been using since the last six months. If someone says that the CFA curriculum questions are more relevant then at this juncture don’t panic. There is nothing like that. CFA is not imprudent enough to give the questions that it will ask in the exam and neither are other prep providers daft to give you questions that are irrelevant.
7) What I had done:
What had I done? From now, till the last day before the CFA exam, I solved and revised alternatively. That leads to 11 mocks and 11 revising days. It worked wonders for me and honestly I became so comfortable with the 6 hour exam, that my concentration levels shot up through the roof.
With all the hype about clearing this exam, remember that hard work always pays off. Keep working hard and remember the points we have discussed and you shall be more prepared for the exam.
Keep all these points in mind and try to be as efficient as possible in these last few days and stick to the plan you have made to approach this exam. Since this is the first exam of the CFA you will be a little anxious about how the exam would turn out but don’t worry. It’s going to be an experience that you will remember fondly once you clear the exam.
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