Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the analysis material you use can play an important part with your success or failure.
Therefore, it’s of vital importance that you employ the tried & tested study methods & make use of the best study notes to pass through this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Get 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 among the simplest ways of making certain you understand the fabric along with along with supplying you with the arrogance that you’ll want to pass through the exam.
2. Know about the test Format
Learning the exact format in the exam will ensure that there are no surprises & that there’s absolutely no way of panic establishing which may happen in case you are surprised with something unexpected.
So in order to recap, the format in the CFA level 3 is really 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 ought to be allocated for each and every question
3. Revise the information 3 or 4 weeks Prior to the Exam
You cannot revise enough – actually the greater you revise & the greater practice questions & exams one does the greater confident you may become for tackling the exam not to mention being more at ease & proficient together with the principles.
So allow a minimum of 21 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to make sure you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time constraints & pressure to succeed of sitting the exam, a standard mistake is usually to misunderstand something & therefore pick the wrong answer.
It’s going to pay you to shell out a little time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too time-consuming it is possible to choose to get forced out & search another you could tackle & answer quickly.
Personal time management is vital – wasting too much time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Just one Correct Answer
Be precise in case you have to sacrifice a little time to really get your calculation right.
Don’t rush becoming you may wind up using time along with losing out on finding a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to make use of the best study materials along with doing mock exams – get the above things right & your odds of passing the amount 1 exam is going to be greatly enhanced.
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