Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam around the first attempt.
The study techniques & the analysis material you have can play an important part in your success or failure.
Therefore, it is of vital importance that you apply the tried & tested study methods & use the best study notes to pass through this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Obtain the best Study Material, Practice Questions & Past Exams
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the best ways of making sure you already know the pad well as well as providing you with the arrogance that you’ll need to pass through the test.
2. Be informed about test Format
Having the exact format of the exam will make sure that you have stay away from surprises & that there are absolutely no way of panic setting in that may happen in case you are surprised with something unexpected.
So only to recap, the format of the Level 3 mock grading 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.Five minutes must be allocated for every question
3. Revise the pad Three or four weeks Before the Exam
You are unable to revise enough – the truth is greater you revise & greater practice questions & exams you are doing greater confident you are going to become for tackling the test as well as being convenient & proficient using the principles.
So have no less than 3 weeks before d-day to do numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure of sitting the test, a common mistake is usually to misunderstand an issue & therefore opt for the wrong answer.
It’s going to purchase from you to shell out a little extra time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too time-consuming you are able to decide to get forced out & go onto another you could tackle & answer quickly.
Time management is very important – wasting too much time on time consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Merely one Correct Answer
Be precise although you may ought to sacrifice a little extra time to really get your calculation right.
Usually do not rush it as you may end up using valuable time as well as missing out on getting a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to work with the most effective study materials as well as doing mock exams – get the above things right & the chances of you passing the particular level 1 exam is going to be greatly enhanced.
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