Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & the study material you have will play an important part inside your success or failure.
Hence, it is critical which you use the tried & tested study methods & make use of 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the best ways of making sure you understand the material along with along with supplying you with the arrogance that you will need to pass through the exam.
2. Be Familiar With test Format
Having the exact format from the exam will ensure that we now have stay away from surprises & that there are no chance of panic establishing that may happen in case you are surprised with something unexpected.
So in order to recap, the format from 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.A few minutes needs to be allocated per question
3. Revise the pad Three to four weeks Before the Exam
You can’t revise enough – the truth is the harder you revise & the harder practice questions & exams one does the harder confident you’ll become for tackling the exam as well as being much more comfortable & proficient using the principles.
So give yourself at the very least 21 days before d-day to do numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you are aware of all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time restraints & the pressure of sitting the exam, a typical mistake would be to misunderstand a matter & therefore choose the wrong answer.
It is going to pay you to shell out a bit of time reading the question properly in order to not misinterpret it & if it seems too involved & too time consuming you are able to choose to leave it & look at another that you could tackle & answer quickly.
Time management planning is essential – wasting too much time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise in case you must sacrifice a bit of time to obtain your calculation right.
Tend not to rush it as you might wind up using energy as well as missing finding a relatively easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it can’t be overemphasised how important it is to use the most effective study materials as well as doing mock exams – get those two things right & your chances of passing the level 1 exam will probably be greatly enhanced.
More information about CFA level 3 just go to our new site: check here