Starting CFA exam preparation too late - This is a common mistake amongst CFA Level 1 candidates, as there tends to be an underestimation of the amount of time needed.
Not using a study plan to manage your pace - Candidates need a lot of discipline to get through the voluminous curriculum, and ‘winging it is not going to do.
Studying too slowly - Don’t make the mistake of spending too much time with thorough and detailed note-taking.
Skipping Ethics - Apart from showing up at the wrong place for the CFA exam, not a bigger mistake could be made in the CFA exams than underestimating Ethical & Professional Standards.
Skipping other topics - In our opinion, there are no ‘safe’ topics to be skipped. As anything can be tested, you are taking a risk every time you decide to skip a topic.
Not doing enough practice exams - Some candidates go into the exam hall having only managed to do 1 or 2 practice exams, or none at all.
Not getting familiar with CFA Institute’s end-of-chapter questions and mock exams - These are essential to your exam preparation so you have a good idea of exactly what the tone and focus of questions set by CFA Institute will be like.
Not preparing for the actual CFA exam day - After months of studying, many candidates at all levels proceed to screw it all up by not preparing logistically for exam day.
Not managing exam time properly - Training yourself to complete the exam on time is key to doing well in the CFA exam – another reason why practice exams are so important.
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