Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the research material you use will play an important part inside your success or failure.
Hence, it is crucial that you apply the tried & tested study methods & utilize the best study notes to pass this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Receive 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 simplest ways of making sure you already know the pad along with along with providing you with the arrogance that you’ll need to pass the exam.
2. Know about test Format
Having the exact format in the exam will ensure that there are stay away from surprises & that there are absolutely no way of panic establishing which may happen if you are surprised with something unexpected.
So in order to recap, the format in the CFA level 3 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
On average, 1.Five minutes should be allocated per question
3. Revise the information 3 to 4 weeks Prior to the Exam
You cannot revise enough – the truth is greater you revise & greater practice questions & exams one does greater confident you are going to become for tackling the exam not to mention being much more comfortable & proficient together with the principles.
So allow a minimum of 21 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully are aware of all of the material & principles.
4. Read & Understand Each Question Carefully
Due to time limitations & the stress of sitting the exam, a standard mistake would be to misunderstand something & therefore opt for the wrong answer.
It will 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-consuming you can decide to let it sit & go onto another that you could tackle & answer quickly.
Time management is very important – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Merely one Correct Answer
Be precise in case you have to sacrifice a little extra time to obtain your calculation right.
Don’t rush it as you may turn out using valuable time as well as missing finding a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it really is to make use of the most effective study materials as well as doing mock exams – get the two things right & your chances of passing the level 1 exam is going to be greatly enhanced.
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