Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
The analysis techniques & the study material you utilize will have a significant part with your failure or success.
Hence, it is crucial which you use the tried & tested study methods & utilize 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 one of the simplest ways of ensuring that you understand the material along with along with giving you the arrogance that you’ll want to give test.
2. Be Familiar With the test Format
Understanding the exact format from the exam will make sure that we now have stay away from surprises & that there are absolutely no way of panic setting in which can happen should you be surprised with something unexpected.
So simply to recap, the format from the Level 3 mock grading 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
On average, 1.A few minutes should be allocated for each and every question
3. Revise the information Three or four weeks Ahead of the Exam
You can not revise enough – the truth is the harder you revise & the harder practice questions & exams one does the harder confident you are going to become for tackling test not to mention being more comfortable & proficient together with the principles.
So allow yourself at the very least 21 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as possible to actually are familiar with all of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time constraints & the pressure of sitting test, a standard mistake would be to misunderstand a question & therefore choose the wrong answer.
It’ll pay out the comission to invest a little extra time reading the issue properly in order to not misinterpret it & when it seems too involved & too frustrating you’ll be able to decide to let it sit & search another that one could tackle & answer quickly.
Time management techniques is critical – wasting a lot of time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Merely one Correct Answer
Be precise in case you ought to sacrifice a little extra time to really get your calculation right.
Usually do not rush it you could turn out using energy in addition to missing out on receiving a relatively simple question right.
Silly mistakes will surely cost valuable marks.
Finally, it can’t be overemphasised how important it really is to use the top study materials in addition to doing mock exams – get the two things right & the likelihood of passing the particular level 1 exam will be greatly enhanced.
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