Setting up the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
Case study techniques & the research material you utilize may play a crucial part inside your success or failure.
Therefore, it’s of vital importance that you apply the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Receive the best Study Material, Practice Questions & Past Exams
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the easiest ways of making sure that you realize the information along with along with providing you with the boldness that you’ll need to pass through the exam.
2. Be Familiar With the test Format
Knowing the exact format with the exam will assure there are keep surprises away & that there is absolutely no way of panic establishing that may happen should you be surprised with something unexpected.
So only to recap, the format with the CFA level 3 can be as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
An average of, 1.5 minutes needs to be allocated for every question
3. Revise the Material 3 to 4 weeks Prior to Exam
You can not revise enough – in fact the harder you revise & the harder practice questions & exams one does the harder confident you will become for tackling the exam not forgetting being more comfortable & proficient together with the principles.
So allow at least 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to ensure that you are aware of all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time limitations & the pressure of sitting the exam, perhaps the most common mistake is always to misunderstand a question & therefore choose the wrong answer.
It’s going to pay you to shell out quite some time reading the question properly in order to not misinterpret it & whether it seems too involved & too frustrating you’ll be able to plan to let it sit & search another that one could tackle & answer quickly.
Time management planning is essential – wasting too much effort punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Merely one Correct Answer
Be precise even though you ought to sacrifice quite some time to really get your calculation right.
Tend not to rush becoming you can find yourself using time and also missing out on receiving a easy question right.
Silly mistakes will set you back valuable marks.
Finally, it can’t be overemphasised how important it’s to work with the most effective study materials and also doing mock exams – get those two things right & the chances of you passing the amount 1 exam will probably be greatly enhanced.
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