Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & the study material you employ may play an important part inside your success or failure.
Therefore, it’s 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. 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 amongst the best ways of making certain you realize the information along with along with giving you the boldness that you will want to pass through quality.
2. Know about quality Format
Knowing the exact format with the exam will make sure that you have stay away from surprises & that there is absolutely no way of panic establishing which could happen if you are surprised with something unexpected.
So just to recap, the format with 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
On average, 1.5 minutes ought to be allocated for every question
3. Revise the pad Three to four weeks Prior to Exam
You are unable to revise enough – in fact the more you revise & the more practice questions & exams you need to do the more confident you may become for tackling quality not to mention being much more comfortable & proficient with the principles.
So allow a minimum of 25 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & the pressure of sitting quality, perhaps the most common mistake is always to misunderstand a matter & therefore opt for the wrong answer.
It will pay out to invest a little extra time reading the issue properly so we don’t misinterpret it & whether it seems too involved & too frustrating it is possible to plan to let it rest & search another that you can tackle & answer quickly.
Time management planning is very important – wasting too much time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise even if you have to sacrifice a little extra time to obtain your calculation right.
Tend not to rush it as you could wind up using time and also missing getting a relatively easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it is to use the most effective study materials and also doing mock exams – get these two things right & your chances of passing the level 1 exam will likely be greatly enhanced.
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