Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the study material you have may play an important part with your success or failure.
Hence, it is of vital importance which you use the tried & tested study methods & utilize best study notes to give 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the easiest ways of making certain you understand the fabric well as well as giving you the confidence that you’ll need to give the test.
2. Be Familiar With quality Format
Having the exact format with the exam will ensure that we now have keep surprises away & that there are absolutely no way of panic establishing which can happen in case you are surprised with something unexpected.
So in order to recap, the format with the Level 3 mock grading 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
An average of, 1.A few moments should be allocated per question
3. Revise the Material Three to four weeks Prior to Exam
You can’t revise enough – in reality greater you revise & greater practice questions & exams you are doing greater confident you are going to become for tackling the test not to mention being much more comfortable & proficient with the principles.
So allow at least 30 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to ensure that you are familiar with all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure of sitting the test, a typical mistake is to misunderstand a question & therefore pick the wrong answer.
It’s going to purchase from you to invest a little time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too time intensive it is possible to plan to leave it & go onto another that you can tackle & answer quickly.
Time management techniques is vital – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only 1 Correct Answer
Be precise even though you have to sacrifice a little time to obtain your calculation right.
Usually do not rush becoming you might turn out using time as well as passing up on finding a relatively simple question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it can be to use the top study materials as well as doing mock exams – get these two things right & the chances of you passing the particular level 1 exam will be greatly enhanced.
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