Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & the research material you utilize will play an essential part in your failure or success.
It is therefore critical the application of the tried & tested study methods & use the best study notes to give 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
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the most effective ways of making sure you understand the material well as well as giving you the arrogance that you’ll need to give test.
2. Be Familiar With test Format
Having the exact format of the exam will make sure there are keep surprises away & there’s absolutely no way of panic setting in which may happen should you be surprised with something unexpected.
So just to recap, the format of 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
Typically, 1.5 minutes must be allocated per question
3. Revise the Material Three to four weeks Prior to Exam
You can’t revise enough – the truth is the more you revise & the more practice questions & exams one does the more confident you will become for tackling test let alone being convenient & proficient with the principles.
So allow yourself a minimum of 25 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are familiar with all of the material & principles.
4. Read & Understand Each Question Carefully
As a result of a lack of time & the stress of sitting test, a typical mistake is always to misunderstand an issue & therefore select the wrong answer.
It’ll pay out to invest a bit of time reading the question properly in order to not misinterpret it & if it seems too involved & too time consuming it is possible to opt to leave it & look at another that you could tackle & answer quickly.
Time management planning is essential – wasting too much time punctually consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise even though you need to sacrifice a bit of time to get your calculation right.
Do not rush it you may wind up using energy along with missing out on obtaining a not too difficult question right.
Silly mistakes will surely cost valuable marks.
Finally, it can’t be overemphasised how important it’s to work with the very best study materials along with doing mock exams – get these two things right & your chances of passing the amount 1 exam will be greatly enhanced.
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