Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & case study material you utilize will play a significant part in your success or failure.
It is therefore of vital importance that you apply the tried & tested study methods & make use of the best study notes to give this tough exam.
5 Key Tips That will help 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 amongst the easiest ways of making sure you already know the information well as well as providing you with the boldness that you’ll need to give test.
2. Be Familiar With test Format
Knowing the exact format in the exam will make sure that there are keep surprises away & there’s absolutely no way of panic setting in which may happen should you be surprised with something unexpected.
So only to recap, the format in the CFA level 3 is 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.A few minutes must be allocated for each and every question
3. Revise the pad Three or four weeks Before the Exam
You can not revise enough – actually the greater you revise & the greater practice questions & exams you need to do the greater confident you may become for tackling test let alone being much more comfortable & proficient with all the principles.
So allow at least 25 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as you can to actually are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure of sitting test, a standard mistake is always to misunderstand a question & therefore choose the wrong answer.
It’s going to pay out the comission to pay a little extra time reading the question properly so we don’t misinterpret it & if it seems too involved & too time intensive it is possible to choose to let it rest & look at another that one could tackle & answer quickly.
Time management planning is critical – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only 1 Correct Answer
Be precise even if you ought to sacrifice a little extra time to obtain your calculation right.
Don’t rush it as you might find yourself using time as well as missing out on finding a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, structured be overemphasised how important it can be to use the very best study materials as well as doing mock exams – get the two things right & your odds of passing the particular level 1 exam will likely be greatly enhanced.
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