Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the research material you use will have a significant part with your failure or success.
Therefore, it’s of vital importance that you employ the tried & tested study methods & utilize the best study notes to pass this tough exam.
5 Key Tips That will assist 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 among the simplest ways of making certain you already know the fabric along with along with providing you with the confidence that you will want to pass quality.
2. Be aware of quality Format
Having the exact format with the exam will assure that we now have stay away from surprises & there’s absolutely no way of panic setting in which may happen if you are surprised with something unexpected.
So in order to recap, the format with 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
An average of, 1.5 minutes must be allocated for each question
3. Revise the information 3 or 4 weeks Before the Exam
You are unable to revise enough – actually the more you revise & the more practice questions & exams you do the more confident you may become for tackling quality let alone being more at ease & proficient with the principles.
So give yourself no less than 30 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully are aware of all of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & the stress of sitting quality, perhaps the most common mistake is usually to misunderstand a question & therefore pick the wrong answer.
It’s going to purchase from you to pay quite some time reading the question properly in order to not misinterpret it & when it seems too involved & too time consuming you’ll be able to plan to get forced out & go onto another you could tackle & answer quickly.
Time management planning is very important – wasting too much time on time 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 quite some time to obtain your calculation right.
Usually do not rush becoming you might wind up using energy along with missing out on getting a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to utilize the best study materials along with doing mock exams – get the two things right & the likelihood of passing the particular level 1 exam will be greatly enhanced.
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