Article

Here are some exam guidelines for CFA from EduPristine.

Topic: Continuing EducationPublished May 14, 2018
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Exam Marking StrategyrnTo increase your chances to pass the exam it is very important that you get more than 70% marks in the high weighted subjects namely FRA, Ethics, Fixed Income, Economics; Corporate Finance. The CFA Institute gives very high priority to Ethics so a more than 70% score can give you an edge.rnLast Day Tipsrn• Go through your revision Notes or Formula Charts, and Summarize Recordingsrn• Don’t try to discuss new topics with friends. Instead focus on the material that you have referredrn• Be calm on the last day before the exam. Don’t take too much stress on the last day by working late in the night. The exam is very long and requires stamina and energy. So on the last day take it easy. Revise the formulae; see a few questions (especially those in the mock test). But sleep for a comfortable duration so that you don’t feel tired on the D-Day.rnBefore the exam, checkrn• Take your Financial Calculatorrn• You have at least 4 pencils, 1 Eraser & 1 sharpener with yourn• You have the Exam Admission Ticket on clean, unused paper and Passport.rnCFA Level I Exam Day Strategyrn• Morning Exam Time 9 am to 12pm: 120 questions are given subject wise i.e. 1.5 minutes for each questionrn• Afternoon Time 2pm to 5pm: 120 questions are given subject wise i.e. 1.5 minutes for each questionrn• Allocate time to questions and make sure that you maintain the pace. Don’t get stuck on a particular question and since all questions have equal weightage, so give equal importance to all questionsrn• Make sure that you mark the questions as soon as you do it. Don’t keep this till the last moment. There are few problems in keeping it till end. What if you mark 1 of the questions not in the right manner? It would change the sequence of filling for all questions. Also, during the last 10-15 minutes, you have the maximum efficiency. So if you waste that time in marking, it reduces the overall attempt percentage by at least 3-4%. In short, keep marking the answers as soon as you have done it. Don’t wait for marking till the endrn• Submit your Test on Time, don’t get in an argument with the Invigilator (Proctor), he/she can report misbehavior to the CFA Institute and your Exam results can be delayed or cancelledrn• Don’t get involved in cheating or copying from fellow students, There are more than 300 such cases every year, when the CFA institute either delay your result, or cancel your exam or debar you from writing the Exam in futurern• In practical questions they might give lot of numerical values and information, wherein few are given just to confuse you and will not be used in solving the questionrn• Make sure that you go through the complete paper. Sometimes the easy questions are given towards the endrn• Remember that sometimes the choice can be calculated using elimination. Try to see the choices and figure out the choices that would clearly not be the solution.rnOne point to note is that this is a relative examination. So if you are finding it difficult (and assuming you had prepared it to the best of your satisfaction), then rest assured everybody would be finding it difficult! So the key is now to best achieve whatever is possible. You have to do better than your peer. rnRead last minute strategy for CFA Level 1 Paper. Click here.

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