Investing in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & case study material you use will play a significant part with your failure or success.
Therefore, it is of vital importance the application of the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Having 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 certain you already know the pad along with along with giving you the arrogance that you’ll need to feed the test.
2. Be informed about quality Format
Understanding the exact format in the exam will assure that we now have keep surprises away & there’s no chance of panic setting in which may happen if you are surprised with something unexpected.
So just to recap, the format in the CFA level 3 will 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
On average, 1.A few minutes needs to be allocated for each and every question
3. Revise the fabric 3 to 4 weeks Ahead of the Exam
You are unable to revise enough – the truth is the harder you revise & the harder practice questions & exams one does the harder confident you may become for tackling the test let alone being convenient & proficient together with the principles.
So allow at least 21 days before d-day to do as many EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Due to time restraints & the stress of sitting the test, a common mistake would be to misunderstand a matter & therefore choose the wrong answer.
It will pay out the comission to spend a little time reading the issue properly so we don’t misinterpret it & if it seems too involved & too time consuming you’ll be able to decide to let it sit & internet browser another that you can tackle & answer quickly.
Time management techniques is very important – wasting a long time punctually consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise although you may need to sacrifice a little time to get your calculation right.
Do not rush it you may wind up using time and energy in addition to passing up on finding a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it really is to work with the top study materials in addition to doing mock exams – get the above things right & your chances of passing the particular level 1 exam will be greatly enhanced.
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