Applying the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.

The analysis techniques & the analysis material you utilize will play a significant part with your failure or success.

Therefore, it’s of vital importance the application of the tried & tested study methods & utilize best study notes to pass through this tough exam.

5 Key Tips That will help Pass Your CFA Level 1 Exam

1. Obtain 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 probably the easiest ways of making sure that you know the fabric well as well as supplying you with the boldness that you will want to pass through test.

2. Be informed about the Exam Format

Learning the exact format with the exam will ensure that we now have keep surprises away & there’s no chance of panic establishing which can happen if you’re surprised with something unexpected.

So only to recap, the format with the Level 3 mock grading is really as follows;

Format: multiple-choice

Questions:

240 equally weighted questions

Morning Session: 120 questions;

Afternoon Session: 120 questions

Each question has three answer choices

Typically, 1.Five minutes needs to be allocated for each question

3. Revise the Material Three or four weeks Ahead of the Exam

You can’t revise enough – in reality the more you revise & the more practice questions & exams you do the more confident you’ll become for tackling test not forgetting being much more comfortable & proficient with the principles.

So allow yourself no less than 25 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are familiar with all the material & principles.

4. Read & Understand Each Question Carefully

Due to the a lack of time & pressure to succeed of sitting test, a standard mistake is to misunderstand a matter & therefore select the wrong answer.

It will pay out to shell out a little extra time reading the question properly in order to not misinterpret it & whether it seems too involved & too time consuming it is possible to choose to let it rest & go onto another that one could tackle & answer quickly.

Personal time management is essential – wasting too much time punctually consuming questions can often mean missing easier questions & wasting easy marks

5. There’s Only 1 Correct Answer

Be precise even if you ought to sacrifice a little extra time to get your calculation right.

Tend not to rush it you might find yourself using valuable time along with passing up on receiving a relatively simple question right.

Silly mistakes will cost valuable marks.

Finally, it wouldn’t be overemphasised how important it can be to work with the top study materials along with doing mock exams – get the two things right & your chances of passing the particular level 1 exam will be greatly enhanced.
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