Applying the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & case study material you utilize will play a crucial part inside your success or failure.
Therefore, it is crucial that you employ the tried & tested study methods & utilize best study notes to pass this tough exam.
5 Key Tips That Will Help You 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 simplest ways of ensuring that you already know the fabric along with along with giving you the boldness that you will need to pass quality.
2. Know about the Exam Format
Having the exact format from the exam will assure that we now have keep surprises away & that there are no chance of panic setting in which may happen if you’re surprised with something unexpected.
So in order to recap, the format from 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
Normally, 1.5 minutes should be allocated for each question
3. Revise the information Three or four weeks Ahead of the Exam
You can not revise enough – in fact greater you revise & greater practice questions & exams one does greater confident you’ll become for tackling quality not to mention being more comfortable & proficient together with the principles.
So allow at least 25 days before d-day to perform as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to ensure that you understand all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time limitations & pressure to succeed of sitting quality, a typical mistake is usually to misunderstand an issue & therefore opt for the wrong answer.
It’ll purchase from you to spend a bit of time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too time intensive you can choose to get forced out & look at another you could tackle & answer quickly.
Time management techniques is critical – wasting a lot of time on time consuming questions could mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise in case you must sacrifice a bit of time to obtain your calculation right.
Do not rush it as being you might find yourself using time and energy as well as passing up on getting a easy question right.
Silly mistakes will set you back valuable marks.
Finally, structured be overemphasised how important it’s to make use of the top study materials as well as doing mock exams – get those two things right & the likelihood of passing the extent 1 exam will be greatly enhanced.
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