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 & the research material you have will have a significant part within your success or failure.
Therefore, it’s critical the application of the tried & tested study methods & use the best study notes to pass through this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Acquire 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 one of the most effective ways of ensuring that you already know the material well as well as giving you the confidence that you will want to pass through quality.
2. Be informed about the test Format
Having the exact format of the exam will assure that there are stay away from surprises & that there’s absolutely no way of panic establishing which can happen if you’re surprised with something unexpected.
So just to recap, the format of 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
Typically, 1.Five minutes needs to be allocated for each question
3. Revise the information 3 to 4 weeks Prior to the Exam
You cannot revise enough – in reality greater you revise & greater practice questions & exams you do greater confident you’ll become for tackling quality not to mention being convenient & proficient using the principles.
So have at the very least 3 weeks before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure of sitting quality, a common mistake is to misunderstand a question & therefore pick the wrong answer.
It is going to purchase from you to pay a little extra time reading the question properly so we don’t misinterpret it & whether it seems too involved & too time intensive you’ll be able to choose to let it rest & search another that one could tackle & answer quickly.
Time management is essential – wasting a lot of time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There exists Just one Correct Answer
Be precise in case you must sacrifice a little extra time to obtain your calculation right.
Do not rush it you may end up using time and energy and also losing out on getting a relatively easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to utilize the very best study materials and also doing mock exams – get those two things right & your chances of passing the particular level 1 exam is going to be greatly enhanced.
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