Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the research material you use can play a significant part inside your failure or success.
Therefore, it’s critical which you use the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Acquire 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 best ways of making sure you already know the pad along with along with providing you the arrogance that you’ll want to feed the exam.
2. Know about quality Format
Learning the exact format of the exam will guarantee that you have keep surprises away & that there is no chance of panic establishing which could happen in case you are surprised with something unexpected.
So only to recap, the format of 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
An average of, 1.5 minutes needs to be allocated for each question
3. Revise the information Three or four weeks Ahead of the Exam
You are unable to revise enough – in fact the greater you revise & the greater practice questions & exams you need to do the greater confident you will become for tackling the exam not forgetting being convenient & proficient using the principles.
So allow yourself at least 3 weeks before d-day to perform numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to actually are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & pressure of sitting the exam, a typical mistake is usually to misunderstand a question & therefore opt for the wrong answer.
It’ll pay out the comission to spend a bit of time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too time-consuming you’ll be able to decide to leave it & go onto another that you could tackle & answer quickly.
Time management planning is essential – wasting too much effort promptly consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise although you may need to sacrifice a bit of time to obtain your calculation right.
Tend not to rush it you might wind up using valuable time and also losing out on obtaining a easy question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it is to utilize the very best study materials and also doing mock exams – get these two things right & the chances of you passing the extent 1 exam will likely be greatly enhanced.
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