Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the research material you utilize will play a significant part with your failure or success.
It is therefore crucial the application of the tried & tested study methods & make use of the best study notes to pass through 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
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 ensuring that you realize the information along with along with supplying you with the boldness that you will need to pass through test.
2. Be aware of the test Format
Having the exact format of the exam will ensure that there are stay away from surprises & that there are no chance of panic setting in that may happen if you’re surprised with something unexpected.
So just to recap, the format of the CFA level 3 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
On average, 1.5 minutes ought to be allocated for each question
3. Revise the fabric Three to four weeks Prior to the Exam
You are unable to revise enough – actually greater you revise & greater practice questions & exams one does greater confident you may become for tackling test not forgetting being more comfortable & proficient together with the principles.
So have at the very least 21 days before d-day to do as many EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Because of the a lack of time & the stress of sitting test, a common mistake is always to misunderstand a question & therefore select the wrong answer.
It is going to pay you to pay a little time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too frustrating you’ll be able to decide to get forced out & internet browser another that you could tackle & answer quickly.
Personal time management is very important – wasting too much time on time consuming questions could mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise even though you ought to sacrifice a little time to get your calculation right.
Tend not to rush it as being you might find yourself using time and also losing out on getting a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it cannot be overemphasised how important it can be to make use of the top study materials and also doing mock exams – get these two things right & your odds of passing the extent 1 exam will likely be greatly enhanced.
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