Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the study material you have will play a significant part within your failure or success.
It is therefore critical that you apply the tried & tested study methods & use the best study notes to pass through this tough exam.
5 Key Tips That Will 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 simplest ways of ensuring that you realize the information well as well as supplying you with the arrogance that you will want to pass through the test.
2. Be Familiar With the test Format
Understanding the exact format with the exam will make sure that we now have no surprises & that there is absolutely no way of panic establishing which can happen should you be surprised with something unexpected.
So in order to recap, the format with 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
On average, 1.5 minutes ought to be allocated for each and every question
3. Revise the information 3 to 4 weeks Before the Exam
You can not revise enough – actually the harder you revise & the harder practice questions & exams you are doing the harder confident you’ll become for tackling the test as well as being convenient & proficient using the principles.
So give yourself no less than 21 days before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to make sure you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & pressure of sitting the test, a common mistake is always to misunderstand a question & therefore opt for the wrong answer.
It will purchase from you to pay a little time reading the question properly in order to not misinterpret it & if it seems too involved & too frustrating you’ll be able to opt to get forced out & look at another you could tackle & answer quickly.
Time management is critical – wasting a long time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There exists Just one Correct Answer
Be precise even if you must sacrifice a little time to obtain your calculation right.
Do not rush it you could find yourself using time and energy in addition to losing out on receiving a easy question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to make use of the top study materials in addition to doing mock exams – get the two things right & the likelihood of passing the extent 1 exam will probably be greatly enhanced.
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