Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
Case study techniques & case study material you use may play an essential part within your failure or success.
It is therefore critical that you employ the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Obtain 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 making certain you understand the material well as well as providing you the arrogance that you will need to feed the test.
2. Be informed about test Format
Understanding the exact format from the exam will ensure that you have keep surprises away & that there are no chance of panic setting in which could happen should you be surprised with something unexpected.
So just to recap, the format from the CFA level III 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
Typically, 1.Five minutes should be allocated for each and every question
3. Revise the Material 3 to 4 weeks Before the Exam
You cannot revise enough – in fact the more you revise & the more practice questions & exams one does the more confident you may become for tackling the test not to mention being more at ease & proficient with the principles.
So allow no less than 21 days before d-day to accomplish as many EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are familiar with all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & pressure to succeed of sitting the test, a common mistake is always to misunderstand a matter & therefore choose the wrong answer.
It’s going to pay out the comission to shell out a little extra time reading the question properly in order to not misinterpret it & when it seems too involved & too time-consuming it is possible to choose to leave it & go onto another that one could tackle & answer quickly.
Time management is very important – wasting too much effort punctually consuming questions could mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise even though you have to sacrifice a little extra time to really get your calculation right.
Usually do not rush it you might turn out using time and energy and also passing up on receiving a not too difficult question right.
Silly mistakes will definitely cost valuable marks.
Finally, structured be overemphasised how important it is to work with the best study materials and also doing mock exams – get those two things right & the likelihood of passing the level 1 exam will likely be greatly enhanced.
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