Investing in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
Case study techniques & the research material you utilize will have an essential part in your success or failure.
Hence, it is of vital importance that you employ the tried & tested study methods & utilize best study notes to give this tough exam.
5 Key Tips That will assist 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 probably the easiest ways of making sure that you realize the information well as well as providing you the boldness that you’ll need to give test.
2. Know about the test Format
Understanding the exact format of the exam will make sure that we now have no surprises & that there are no chance of panic setting in which may happen if you’re surprised with something unexpected.
So only to recap, the format of the CFA level 3 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
Typically, 1.A few minutes ought to be allocated for each question
3. Revise the pad Three to four weeks Ahead of the Exam
You are unable to revise enough – in reality the harder you revise & the harder practice questions & exams you are doing the harder confident you are going to become for tackling test as well as being convenient & proficient using the principles.
So allow no less than 3 weeks before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully have an understanding of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & pressure of sitting test, a common mistake would be to misunderstand an issue & therefore choose the wrong answer.
It will purchase from you to spend a little extra time reading the issue properly in order to not misinterpret it & when it seems too involved & too time intensive it is possible to decide to let it rest & look at another you could tackle & answer quickly.
Time management is very important – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only 1 Correct Answer
Be precise in case you have to sacrifice a little extra time to obtain your calculation right.
Do not rush it you might turn out using energy and also passing up on finding a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it can’t be overemphasised how important it really is to work with the best study materials and also doing mock exams – get the above things right & the likelihood of passing the particular level 1 exam will likely be greatly enhanced.
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