Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
Case study techniques & the study material you have will have an important part in your failure or success.
Therefore, it is critical the application of the tried & tested study methods & utilize best study notes to give this tough exam.
5 Key Tips That Will 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 probably the best ways of making sure you know the pad along with along with providing you with the confidence that you will want to give the test.
2. Be Familiar With the test Format
Having the exact format with the exam will guarantee that we now have keep surprises away & that there’s no chance of panic setting in which could happen in case you are surprised with something unexpected.
So in order to recap, the format with the CFA level III 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
Normally, 1.A few minutes ought to be allocated for each and every question
3. Revise the Material Three or four weeks Before the Exam
You can not revise enough – in fact the harder you revise & the harder practice questions & exams you are doing the harder confident you’ll become for tackling the test let alone being much more comfortable & proficient with all the principles.
So allow at the very least 3 weeks before d-day to perform as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are aware of each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time constraints & the stress of sitting the test, perhaps the most common mistake is to misunderstand something & therefore select the wrong answer.
It’ll pay you to shell out a bit of time reading the issue properly so we don’t misinterpret it & if it seems too involved & too time-consuming you’ll be able to choose to leave it & search another that you can tackle & answer quickly.
Time management techniques is very important – wasting a lot of time on time consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise even though you have to sacrifice a bit of time to really get your calculation right.
Do not rush becoming you might find yourself using energy and also missing getting a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to make use of the top study materials and also doing mock exams – get those two things right & the likelihood of passing the extent 1 exam will likely be greatly enhanced.
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