Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the study material you utilize will have a significant part within your failure or success.
Therefore, it’s critical the application of 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. 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 amongst the most effective ways of making certain you understand the pad along with along with giving you the arrogance that you will need to pass through test.
2. Know about test Format
Learning the exact format from the exam will guarantee that you have stay away from surprises & that there’s no chance of panic setting in which could happen should you be surprised with something unexpected.
So in order to recap, the format from the CFA level III 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
On average, 1.A few minutes needs to be allocated for each and every question
3. Revise the fabric Three to four weeks Ahead of the Exam
You cannot revise enough – in reality the more you revise & the more practice questions & exams you need to do the more confident you’ll become for tackling test let alone being more comfortable & proficient together with the principles.
So give yourself at least 25 days before d-day to complete as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & the pressure of sitting test, a common mistake would be to misunderstand something & therefore opt for the wrong answer.
It’ll pay out to invest a little extra time reading the issue properly so we don’t misinterpret it & when it seems too involved & too frustrating it is possible to plan to get forced out & search another you could tackle & answer quickly.
Time management planning is essential – wasting a lot of time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only 1 Correct Answer
Be precise in case you must sacrifice a little extra time to obtain your calculation right.
Usually do not rush it as you may turn out using valuable time in addition to missing finding a easy question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it can be to work with the very best study materials in addition to doing mock exams – get the above things right & your chances of passing the level 1 exam will probably be greatly enhanced.
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