Investing in the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the research material you have may play an important part with your success or failure.
Therefore, it is of vital importance that you apply the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That will assist 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 probably the most effective ways of making sure that you realize the pad along with along with giving you the boldness that you will need to pass through the test.
2. Be aware of the Exam Format
Understanding the exact format in the exam will ensure there are stay away from surprises & there’s absolutely no way of panic establishing which may happen if you are surprised with something unexpected.
So just to recap, the format in the Level 3 mock grading 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.A few minutes must be allocated per question
3. Revise the fabric 3 to 4 weeks Ahead of the Exam
You can not revise enough – the truth is the greater you revise & the greater practice questions & exams you are doing the greater confident you’ll become for tackling the test not forgetting being more comfortable & proficient with the principles.
So allow yourself at the very least 30 days before d-day to complete as many EOC (End of Chapter) questions & QBank (Schweser) as is possible to make sure you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time limitations & the pressure of sitting the test, a standard mistake is usually to misunderstand an issue & therefore pick the wrong answer.
It’s going to pay out to shell out quite some time reading the issue properly so we don’t misinterpret it & if it seems too involved & too time consuming you are able to opt to get forced out & internet browser another you could tackle & answer quickly.
Time management techniques is essential – wasting too much time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Just one Correct Answer
Be precise although you may ought to sacrifice quite some time to really get your calculation right.
Tend not to rush it as being you can turn out using time and energy and also missing out on receiving a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it can be to use the most effective study materials and also doing mock exams – get those two things right & your odds of passing the extent 1 exam will likely be greatly enhanced.
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