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 employ will have an important part inside your failure or success.
Therefore, it is of vital importance that you apply 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. Obtain the best Study Material, Practice Questions & Past Exams
Keeping 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 ensuring that you already know the material along with along with providing you with the confidence that you will want to feed the exam.
2. Be informed about test Format
Understanding the exact format in the exam will assure there are no surprises & that there are absolutely no way of panic establishing which could happen if you are surprised with something unexpected.
So simply to recap, the format in the Level 3 mock grading 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.A few moments must be allocated for every question
3. Revise the Material Three or four weeks Before the Exam
You can not revise enough – actually the harder you revise & the harder practice questions & exams you need to do the harder confident you’ll become for tackling the exam not forgetting being convenient & proficient with the principles.
So allow at the very least 21 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to make sure you are aware of all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & the pressure of sitting the exam, a typical mistake would be to misunderstand a question & therefore pick the wrong answer.
It’ll purchase from you to shell out a bit of time reading the issue properly in order to not misinterpret it & if it seems too involved & too time consuming it is possible to decide to get forced out & look at another that one could tackle & answer quickly.
Time management is vital – wasting a long time on time 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 bit of time to obtain your calculation right.
Don’t rush becoming you can turn out using time and also passing up on receiving a relatively easy question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t 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 & the chances of you passing the amount 1 exam will probably be greatly enhanced.
For additional information about Level 3 mock grading go this web site: click here