Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the research material you use will have an essential part in your failure or success.
Hence, it is crucial that you employ the tried & tested study methods & utilize the best study notes to give this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Keeping 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 realize the pad well as well as giving you the boldness that you’ll need to give test.
2. Be informed about test Format
Learning the exact format in the exam will guarantee that there are keep surprises away & that there are absolutely no way of panic establishing which can happen if you are surprised with something unexpected.
So in order to recap, the format in the CFA level III 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.Five minutes must be allocated for every question
3. Revise the pad Three to four weeks Prior to Exam
You can not revise enough – actually the greater you revise & the greater practice questions & exams you need to do the greater confident you are going to become for tackling test as well as being more at ease & proficient with the principles.
So have no less than 3 weeks before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
Due to time restraints & pressure to succeed of sitting test, a common mistake is always to misunderstand a matter & therefore pick the wrong answer.
It’ll pay you to invest a little extra time reading the question properly in order to not misinterpret it & whether it seems too involved & too time intensive you can choose to leave it & search another that you could tackle & answer quickly.
Time management planning is vital – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise even though you have to sacrifice a little extra time to obtain your calculation right.
Tend not to rush becoming you might turn out using energy and also losing out on finding a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it can’t be overemphasised how important it is to work with the best study materials and also doing mock exams – get these two things right & the chances of you passing the level 1 exam will be greatly enhanced.
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