Putting in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
The analysis techniques & the research material you employ will play a crucial part with your failure or success.
Therefore, it’s of vital importance which you use the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Get 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 among the easiest ways of ensuring that you realize the material along with along with supplying you with the confidence that you’ll need to feed quality.
2. Know about test Format
Learning the exact format in the exam will assure that you have keep surprises away & that there is no chance of panic setting in that may happen should you be surprised with something unexpected.
So just to recap, the format in the Level 3 mock grading 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
An average of, 1.Five minutes must be allocated per question
3. Revise the information 3 or 4 weeks Before the Exam
You are unable to revise enough – actually the harder you revise & the harder practice questions & exams one does the harder confident you’ll become for tackling quality not to mention being convenient & proficient with all the principles.
So have a minimum of 25 days before d-day to accomplish as many EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the stress of sitting quality, a common mistake is usually to misunderstand a matter & therefore choose the wrong answer.
It’s going to pay out the comission to pay a little extra time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too time intensive it is possible to choose to get forced out & look at another that you can tackle & answer quickly.
Time management techniques is critical – wasting a long time on time consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise even though you ought to sacrifice a little extra time to obtain your calculation right.
Don’t rush it as you could turn out using time and also missing out on getting a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it can’t be overemphasised how important it’s to work with the very best study materials and also doing mock exams – get the above things right & the likelihood of passing the extent 1 exam is going to be greatly enhanced.
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