Investing in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam around the first attempt.
The study techniques & the study material you employ can play a crucial part within your success or failure.
Hence, it is critical that you employ the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That Will Help 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 one of the best ways of making certain you know the fabric along with along with supplying you with the boldness that you will want to feed test.
2. Be informed about test Format
Knowing the exact format in the exam will guarantee that we now have stay away from surprises & that there’s absolutely no way of panic setting in which may happen if you’re surprised with something unexpected.
So in order to recap, the format in the CFA level III 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.A few minutes needs to be allocated per question
3. Revise the Material Three or four weeks Ahead of the Exam
You are unable to revise enough – the truth is the harder you revise & the harder practice questions & exams one does the harder confident you’ll become for tackling test let alone being much more comfortable & proficient with all the principles.
So allow yourself at least 30 days before d-day to accomplish as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to successfully are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the stress of sitting test, a standard mistake is to misunderstand a question & therefore choose the wrong answer.
It’s going to pay you to spend a little extra time reading the question properly in order to not misinterpret it & whether or not this seems too involved & too time intensive you are able to opt to let it rest & go onto another that you can tackle & answer quickly.
Time management planning is essential – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise even though you have to sacrifice a little extra time to get your calculation right.
Usually do not rush it as being you might turn out using time and energy in addition to losing out on getting a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it cannot be overemphasised how important it is to use the most effective study materials in addition to doing mock exams – get these two things right & your chances of passing the particular level 1 exam is going to be greatly enhanced.
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