Putting in the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
Case study techniques & case study material you utilize will have an essential part in your success or failure.
Therefore, it is 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 Pass Your CFA Level 1 Exam
1. Receive 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 probably the simplest ways of making sure you understand the fabric well as well as providing you the confidence that you’ll want to pass through the exam.
2. Be informed about the Exam Format
Having the exact format from the exam will assure that there are no surprises & that there are no chance of panic establishing which could happen in case you are surprised with something unexpected.
So only to recap, the format from the CFA level 3 can 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.A few minutes should be allocated for every question
3. Revise the pad Three to four weeks Prior to Exam
You can’t revise enough – in fact the harder you revise & the harder practice questions & exams you are doing the harder confident you are going to become for tackling the exam let alone being convenient & proficient with the principles.
So give yourself at least 30 days before d-day to complete numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully understand all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & the stress of sitting the exam, a standard mistake is to misunderstand a question & therefore select the wrong answer.
It is going to pay out to pay a bit of time reading the question properly in order to not misinterpret it & whether or not this seems too involved & too time consuming you can choose to let it rest & look at another that you can tackle & answer quickly.
Time management planning is essential – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only 1 Correct Answer
Be precise although you may need to sacrifice a bit of time to get your calculation right.
Tend not to rush becoming you could find yourself using valuable time and also losing out on getting a relatively easy question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it can be to utilize the best study materials and also doing mock exams – get the two things right & the chances of you passing the extent 1 exam will be greatly enhanced.
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