Applying the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & case study material you utilize can play a significant part within your failure or success.
Hence, it is crucial that you apply the tried & tested study methods & use the best study notes to give this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Get 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 probably the best ways of making certain you know the material well as well as providing you the confidence that you will need to give the exam.
2. Know about test Format
Learning the exact format with the exam will make sure there are stay away from surprises & that there’s absolutely no way of panic establishing which could happen in case you are surprised with something unexpected.
So in order to recap, the format with the CFA level III 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.Five minutes should be allocated for each question
3. Revise the information 3 to 4 weeks Prior to the Exam
You cannot revise enough – in fact the harder you revise & the harder practice questions & exams you are doing the harder confident you’ll become for tackling the exam not forgetting being convenient & proficient with the principles.
So have a minimum of 25 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to actually understand all the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & pressure to succeed of sitting the exam, a typical mistake would be to misunderstand a question & therefore choose the wrong answer.
It’ll pay you to spend a little time reading the question properly in order to not misinterpret it & if it seems too involved & too time-consuming you are able to plan to get forced out & search another that one could tackle & answer quickly.
Time management planning is very important – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise in case you ought to sacrifice a little time to really get your calculation right.
Don’t rush it you could turn out using time in addition to missing out on getting a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it is to make use of the most effective study materials in addition to doing mock exams – get the above things right & the likelihood of passing the level 1 exam is going to be greatly enhanced.
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