Investing in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam around the first attempt.
The study techniques & the study material you employ will play an important part in your failure or success.
It is therefore of vital importance 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 assist you Pass Your CFA Level 1 Exam
1. Acquire 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 amongst the best ways of making certain you realize the pad well as well as giving you the confidence that you will need to pass through quality.
2. Be aware of the Exam Format
Having the exact format in the exam will ensure that there are no surprises & that there’s no chance of panic setting in which can happen if you’re surprised with something unexpected.
So in order to recap, the format in the CFA level III 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
Normally, 1.5 minutes needs to be allocated for every question
3. Revise the information 3 or 4 weeks Before the Exam
You cannot revise enough – in fact the more you revise & the more practice questions & exams one does the more confident you are going to become for tackling quality as well as being convenient & proficient with the principles.
So allow at least 3 weeks before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually have an understanding of all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time constraints & pressure of sitting quality, perhaps the most common mistake would be to misunderstand something & therefore choose the wrong answer.
It’ll pay out to pay quite some time reading the issue properly so we don’t misinterpret it & when it seems too involved & too time consuming you’ll be able to decide to let it rest & internet browser another that you can tackle & answer quickly.
Personal time management is very important – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Merely one Correct Answer
Be precise although you may must sacrifice quite some time to obtain your calculation right.
Usually do not rush it as being you can end up using valuable time along with missing getting a easy question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it’s to utilize the top study materials along with doing mock exams – get these two things right & your chances of passing the extent 1 exam will probably be greatly enhanced.
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